Luxury furniture market to reach $8.17B by 2031

The United States luxury furniture market size is projected to expand from $6.29 billion in 2025 and $6.55 billion in 2026 to $8.17 billion by 2031, registering a CAGR of 4.52% between 2026 to 2031. 

Affluent households are prioritizing furniture with craftsmanship, durability, and integrated technology over branding. Post-pandemic lifestyle changes, a focus on wellness, and the rise of outdoor living spaces are reshaping preferences, while sustainability expectations influence material choices. 

High-net-worth consumers demand immersive online tools, prompting manufacturers to adopt technologies such as augmented reality (AR) and product configuration software. Established brands maintain market share through vertically integrated supply chains, but authenticated resale and "quiet luxury" aesthetics challenge traditional pricing models. As wealth concentration grows and homes become multifunctional spaces, the market will focus on increasing wallet share within a resilient customer base.

For more information, visit Mordor Intelligence.

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About the author
Larry Adams | Editor

Larry Adams is a Chicago-based writer and editor who writes about how things get done. A former wire service and community newspaper reporter, Larry is an award-winning writer with more than three decades of experience. In addition to writing about woodworking, he has covered science, metrology, metalworking, industrial design, quality control, imaging, Swiss and micromanufacturing . He was previously a Tabbie Award winner for his coverage of nano-based coatings technology for the automotive industry. Larry volunteers for the historic preservation group, the Kalo Foundation/Ianelli Studios, and the science-based group, Chicago Council on Science and Technology (C2ST).