Market Size of US Sustainable Furniture Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
US Sustainable Furniture Market Analysis
The COVID-19 pandemic has forced millions of Americans to work from home as a result of social norms that discourage remote labour. Working professionals without access to comfortable furniture find working from home (WFH) to be stressful. WFH has become the norm and is anticipated to remain so for the foreseeable future. Due to people's desire to study and work from home, as well as their desire for hygienic furniture during the COVID-19 pandemic, sales of sustainable furniture have surged.
The demand for sustainable furniture is increasing primarily as a result of consumers growing knowledge of the value of sustainable living. This entails using less fuel and recycling scrap wood. For instance, Herman Miller has committed to zero waste, 50% more local renewable energy (50,000 MWh), 100% DfE-approved products, and 125,000 tonnes of product returns annually.
Additionally, ecommerce businesses are expanding to cut down on the need for inventory and rental space. Amazon.com and Wayfair are two of the most well-known e-commerce sites in the US for furniture. The demand for sustainable furniture increased as a result of the increasing opportunities for furniture sales via online channels, which compelled online retailers to improve their purchasing procedures in terms of security and dependability. A few of the policies that entice customers to shop online include secure transactions, cash-on-delivery options, prompt return policies, and integrated and centralised customer service.
