United States Kitchen Furniture Market Size

US Kitchen Furniture Market Analysis

The rising demand for multifunctional kitchen furniture is expected to bolster the growth prospects of the kitchen furniture segment. The real estate prices have plummeted significantly and have led to a considerable increasing the number of studio apartments, basically focusing on the reduced house sizes. As rooms are getting smaller, customers are increasingly looking for furniture that is compact and easily movable to allow for efficient use of the available space. And this is leading to an increasing kitchen furniture market in the United States. The kitchen furniture market is driven by the improving residential construction market and increased online sales. Increased awareness of kitchen organizers and attractive furnishings are prime reasons driving the kitchen furniture market in the United States during the forecast period. The price of softwood veneer and plywood, for instance, grew by over 13% between March 2021 and April 2021. Combined, these two changes led to significant differences in construction costs and kitchen furniture materials in various cities in the United States. 

The market was negatively impacted by COVID-19 in 2020. The coronavirus pandemic has shown an impact on the proper functioning of various industries in United States which are performing well trades across the country. This was primarily due to reduced manufacturing because of the lockdown being imposed and thus halt in logistics. Increasing expenditure on furniture goods among millennials, coupled with the growing brand consciousness among them, is supporting the market to record growing revenues during the study period. The significant increase in the number of e-commerce platforms that offer various designs and models of furniture products is accelerating the growth of the market.