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The US Furniture Market Outlook to 2021: Ken Research

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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. To know more about the publication, click on the link below – PowerPoint PPT presentation

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Title: The US Furniture Market Outlook to 2021: Ken Research


1
The US Furniture Market Outlook to 2021 Ken
Research
2
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.
3
  • 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.

4
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.
5
  • Online Companies such as overstock.com, amazon
    and wayfair have also gained considerable
    presence with the young population making maximum
    use of smart phones for making online purchases.
  • Key Topics Covered in the Report
  • Executive Summary
  • Research Methodology
  • Value chain Analysis of US furniture market
  • US furniture market size by revenues
  • US Furniture Market Segmentation by organized and
    unorganized sector, 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 and by By Distribution Channel
    (Departmental Stores, Lifestyle Stores, Exclusive
    Stores, Supermarkets and Online Distribution)
    2017

6
  • By Product Categories (Bedroom, Living Room,
    Dining Room, Kitchen and Others)
  • US Dining Room Furniture Market
  • US Kitchen Furniture Market
  • Company Profiles for Major Manufacturers in US
    Furniture Market
  • US Online Furniture Market
  • Snapshot on Easy to Assemble (DIY) Furniture
    Market
  • Snapshot on Smart Furniture Market
  • US Furniture Market Future Outlook and
    Projections
  • Analyst Recommendations
  • Macroeconomic Factors Impacting US Furniture
    Market
  • To know more about the publication, click on the
    link below
  • https//www.kenresearch.com/consumer-products-and-
    retail/home-and-office-furnishings/us-furniture-ma
    rket/142276-95.html

7
Related Reports by Ken Research Philippines
Furniture Market by Type (Home Bed Room, Living
Room, Dining Room, Kitchen Furniture Office
Hotel Industrial), by Sales (Domestic and
Export) - Outlook to 2021 Philippines furniture
market witnessed a slump in growth rate in 2015,
primarily as the exports market witnessed erosion
in sales during the year. Low demand from the US
and Japan resulted in decline of furniture
exports by 17.8 in 2015 as compared to the
revenues in previous year. The market for
furniture in the country stood at 1,433.0 million
in 2015, representing a growth of only 7.9 from
previous year. The export and domestic market
stood at USD 298.0 million and USD 965.1 million
in 2015, respectively.
8
Indonesia Furniture Market by Type (Home, Office,
Hotel Industrial), by Sales (Domestic Export)
and by Cities - Outlook to 2021 Furniture market
in Indonesia increased to USD 2,634.6 million in
2016 from USD 2,451.6 million in 2015,
registering a robust CAGR of 7.9 during
2012-2016. An increase in domestic demand for
both traditional and modern furniture in
Indonesia has been witnessed, due to the
availability of wide range of local and foreign
products for homes, offices, hotels and
industries in the recent years, has been a strong
factor which has led to the surge in the market
revenues during 2015-2016. China Furniture
Market Outlook to 2020 - Surge in Demand for
Children Furniture and Rise in Trend of Online
Furniture Sales to Shape Future The furniture
market in China has grown with a CAGR of 10.3
during the period 2010-2015. The revenues
generated by China furniture
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market were evaluated at USD 40.9 billion in 2010
and has grown to USD 66.8 billion by end of 2015.
The furniture industry in China has been
immensely driven by its ability to provide best
quality furniture products at best affordable
prices without compromising on the quality
standards and low cost skilled workforce. With
the substantial growth in the real estate
industry, technology and increasing growth rate
in tourism from 1.2 in 2011 to 4.1 in 2015 had
led to inauguration of many new public and
private construction projects, automation in the
manufacturing process and increase in the number
of hotels, bars restaurants in country. India
Furniture Market Outlook to 2020 - Surging
Popularity of Online Marketplace and Preferences
towards Organized Furniture Brands to Fuel
Growth In FY2015, the furniture market in India
clocked revenue worth INR 1,049.1 billion which
increased by 16.5 from INR 899.6 billion in
FY2014. The furniture market has experienced a
substantial growth
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in the last few years. There are several factors
which have led to this growth such as surge in
real estate and housing activity, increasing
growth in the information technology and services
sectors, growing affluence both in the urban and
rural areas and higher proportion of middle class
Indians aspiring for better lifestyle. Malaysia
Furniture Market Outlook to 2020 - Growth in
Furniture Export and Rise in Trend of Online
Furniture Sales to Drive Future The furniture
market of Malaysia had increased from USD 3,045.8
million in 2010 to USD 3,357.6 million in 2015 at
a CAGR of 2 during the period 2010-2015. The
furniture market in the country had been
immensely driven by a substantial growth in the
real estate, travel tourism and hospitality
domains over the years. The rising number of
commercial projects along with a greater spending
on the infrastructure had also provided an
enormous growth to the furniture market in the
last few years.
11
Contact Ken Research Ankur Gupta, Head
Marketing Communications sales_at_kenresearch.com
91-124-4230204
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