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The US Furniture Market Outlook to 2021: Ken Research
The report titled “The US Furniture Market by End Users (Home, Office, Hotels and Industrial),
By Age Group (Millennials, Generation X, Baby Boomers, seniors (Child Care and Infant Care),
By Distribution Channel (Departmental Stores, Lifestyle Stores, Exclusive Stores,
Supermarkets and Online Distribution)– Outlook to 2021” provides a comprehensive analysis
of furniture market in the US.
The report focuses on the overall market size of furniture market in the US, market
segmentation by various states (New York, Los Angeles, San Fransisco, Chicago), by organized
and Unorganized sector, by product categories (Bedroom, Living Room, Dining Room, Kitchen),
by Living Room Furniture (Sofa, Sofa cum Bed, Television Sets, Coffee Table and Center Table,
by dining room furniture and children furniture. The report also includes the profile of major
manufacturers and retailers and online players, government rule and regulations, trends and
developments. The report concludes with market projection for future and analyst
recommendations.
The US Furniture Market Size
The US furniture market generated revenues worth USD ~ million in 2012. The revenue
generated increased from USD ~ million in 2012 to USD ~ million in 2017. The furniture industry
has witnessed a steady growth in the demand of the furniture products by the consumers in the
US.
The US Furniture Market Segmentation
Based on the segments, the US furniture industry is divided into organized and unorganized
players. The demand for furniture products basically arises from the four major sectors i.e.
home, office, hotels and industrial. The new home sales are expected to lead the demand for
the furniture products. After the economic recession, there has been an increase in demand for
new home units which will lead to rise in the demand for furniture. Spend by Millennial is on
the rise when it comes to furniture products. A shift in distribution has also been witnessed
with advent of major retailers and online distribution players.
Comparative Landscape in Furniture Market in the US
Major retailers have gained a significant presence in the furniture market in the US. Ashley
Furniture Home Store, IKEA, Williams-Sonoma, Rooms to Go, Berkshire Hathaway are some of
the leading retailers operating in the furniture industry.