The US Furniture Market by End Users (Home, Office, Hotels and Industrial), By Major States (New York, Los Angeles, San Fransisco, Chicago), By Age Group (Millennials, Generation X, Baby Boomers, seniors), By Distribution Channel (Departmental Stores, Lifestyle Stores, Exclusive Stores, Supermarkets and Online Distribution) 2017, 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 Bedroom Furniture (Bed, Wardrobe, Dressing Table), by US Dining Room Furniture, US Kitchen Furniture Market.
The Outlook for the US Furniture Industry is largely positive because of the growth exhibited in the overall economy after the decline and improvement registered in the overall housing sector.
Millennials would play a major role as they are expected to drive the demand for furniture in the country by increasing the spending on furniture products.
The research report presents an overview of the present state of the furniture industry in the country. The report emphasizes on the change witnessed in the spending pattern of individuals under different age group and major manufacturers and retailers entering the furniture market in the country.
The US economy has witnessed a steady growth and is on the road to revival after the financial crisis which jolted the country. The labor market has also registered positive signs. Overall impact can be witnessed in the housing market with increasing sale of housing units coupled with rising prices observed in the residential sector. The increasing number of sale of housing units has in turn resulted in increased demand for furniture products registering a growth of 8-10% in the historical period. With a steady future outlook forecasted for the country, furniture industry is hopeful of achieving a growth of 4-7% in the future.
Ken Research in its latest 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”, suggested that Klaussner Furniture Industries, Ashley Furniture Industries Inc, La-Z-Boy, Sauder Woodworking, Ethan Allen, Dorel Industries, Man Wah Holdings, Lacquer Craft are expected to remain the major manufacturers contributing to the demand of furniture products in the US.
Key Topics Covered in the Report
US Market Demand for furniture Products
US Furniture Market Size by Revenues
US Furniture market by Organized and Unorganized Channel
US Furniture Demand from Home Segment, Office, Hotel and Industrial Sector
Demand for Bedroom Furniture
Demand for Living Room Furniture
Sale of Sofa units in US
Sale of Center Table by Value
Market Share of Ashley Furniture
Sale of Ethan Allen in US
IKEA units sold in the US
Berkshire Hathaway Revenue from Furniture
US Online Furniture Market Growth
Furniture Demand in US
Office Furniture Sale in US
US Furniture Retailers Market
Los Angeles Furniture Market
Ashley Furniture Industry Revenue
US Kitchen Furniture Sale
Dining Room Furniture US
New York Furniture Market
San Fransisco Furniture Market
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Ankur Gupta, Head Marketing & Communications