U.S.: Market for Furniture, Builders' And Motor Vehicle Hardware 2025

Market Size for Furniture, Builders' And Motor Vehicle Hardware in the U.S.

For the third consecutive year, the U.S. market for furniture, builders' and motor vehicle hardware recorded growth in sales value, which increased by X% to $X in 2022. Overall, consumption posted significant growth. Consumption of peaked in 2022 and is expected to retain growth in years to come.

Production of Furniture, Builders' And Motor Vehicle Hardware in the U.S.

In value terms, production of furniture, builders' and motor vehicle hardware fell slightly to $X in 2022. The total output value increased at an average annual rate of X% from 2013 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production of attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Furniture, Builders' And Motor Vehicle Hardware

Exports from the U.S.

In 2022, overseas shipments of furniture, builders' and motor vehicle hardware increased by X% to X units, rising for the sixth consecutive year after three years of decline. Overall, exports posted significant growth. The pace of growth appeared the most rapid in 2020 with an increase of X%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of furniture, builders' and motor vehicle hardware rose rapidly to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Mexico (X units), Canada (X units) and China (X units) were the main destinations of exports of furniture, builders' and motor vehicle hardware from the United States, with a combined X% share of total exports. The UK, France, Germany, South Africa, Australia and Costa Rica lagged somewhat behind, together accounting for a further X%.

From 2013 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for furniture, builders' and motor vehicle hardware exported from the United States were Mexico ($X), Canada ($X) and China ($X), with a combined X% share of total exports. The UK, Germany, South Africa, France, Australia and Costa Rica lagged somewhat behind, together comprising a further X%.

In terms of the main countries of destination, South Africa, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for furniture, builders' and motor vehicle hardware amounted to $X per unit, stabilizing at the previous year. Overall, the export price, however, faced a abrupt setback. The pace of growth appeared the most rapid in 2014 when the average export price increased by X%. The export price peaked at $X per unit in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Costa Rica ($X per unit) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (X%), while the prices for the other major destinations experienced a decline.

Imports of Furniture, Builders' And Motor Vehicle Hardware

Imports into the U.S.

In 2022, supplies from abroad of furniture, builders' and motor vehicle hardware increased by X% to X units, rising for the third year in a row after three years of decline. In general, imports recorded a significant increase. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of furniture, builders' and motor vehicle hardware soared to $X in 2022. The total import value increased at an average annual rate of X% over the period from 2013 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

China (X units), Mexico (X units) and Taiwan (Chinese) (X units) were the main suppliers of imports of furniture, builders' and motor vehicle hardware to the United States, together accounting for X% of total imports. Canada, Germany, South Korea, Japan, Vietnam and India lagged somewhat behind, together comprising a further X%.

From 2013 to 2022, the biggest increases were recorded for Canada (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest furniture, builders' and motor vehicle hardware suppliers to the United States were China ($X), Mexico ($X) and Taiwan (Chinese) ($X), with a combined X% share of total imports. Canada, South Korea, Germany, Japan, Vietnam and India lagged somewhat behind, together accounting for a further X%.

In terms of the main suppliers, Vietnam, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for furniture, builders' and motor vehicle hardware stood at $X per unit in 2022, remaining stable against the previous year. Overall, the import price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were South Korea ($X per unit) and Vietnam ($X per unit), while the price for Germany ($X per unit) and China ($X per unit) were amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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