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Rising Demand of US Furniture Products, a Key Catalyst for Growth of the US Economy: Ken Research

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The demand for furniture products basically arises from the four major sectors i.e. home, office, hotels and industrial. For more information on the market research report please refer to the below link: – PowerPoint PPT presentation

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Title: Rising Demand of US Furniture Products, a Key Catalyst for Growth of the US Economy: Ken Research


1
Rising Demand of US Furniture Products, a Key
Catalyst for Growth of the US Economy Ken
Research
2
Striking Growth Opportunities in the US furniture
market, shift to online shopping, Advancement in
logistics and easy to assemble furniture has
attracted numerous companies with innovative
solutions to the furniture industry in the US.
The report on The US Furniture Industry by Ken
Research 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
suggests a steady growth in revenue for
manufacturers, retailers as well as online
players.
3
The US furniture market has witnessed a
consolidation over the years. Major retailers
have raised their market share over the period
leaving little for other players. A considerable
decrease in number of furniture stores can be
witnessed over the years making way for E
commerce platform, largely because of the
improvement in the distribution network. The
major online companies such as overstock.com,
amazon and wayfair have witnessed a considerable
increase in the market share when we compare the
complete furniture space. With respect to
product segmentation, living room furniture and
bedroom furniture accounted for most of the
furniture spend. Most of the e-retailers are
experiencing a high growth rate. Plenty of
startups also offer customized designs and custom
made furniture solutions which cater to the
growing demand of US Consumers.
4
  • Mobile shopping has been a major thump which has
    benefited the e commerce segment. Young age
    population through their smart phones is shopping
    as per their convenience. A considerable rise in
    the mobile traffic has been witnessed along with
    an increase exhibited in the m commerce
    transactions.
  • Key Topics Covered in the Report
  • The US Furniture Retail Market
  • Number of Stores in the US
  • Online Furniture Sale in the US as a percentage
    of total sale.
  • Spend on the US Furniture
  • Retail Store Sale, Online Sale, Exclusive Store
    Sale
  • Revenue of Klaussner Furniture Industries
  • Sale of IKEA in the United States
  • Sale of Ashley Furniture Home Store in the US
  • Number of stores of Ethan Allen

5
Annual Growth of Major Companies Forecasted
growth of Furniture Industry Market share of
major players operating in the furniture
industry For more information on the market
research report please refer to the below
link https//www.kenresearch.com/consumer-product
s-and-retail/home-and-office-furnishings/us-furnit
ure-market/142276-95.html Related Reports by Ken
Research https//www.kenresearch.com/consumer-prod
ucts-and-retail/home-and-office-furnishings/philip
pines-home-furniture-market/142263-95.html https
//www.kenresearch.com/consumer-products-and-retail
/home-and-office-furnishings/indonesia-home-furnit
ure-market/141094-95.html
6
https//www.kenresearch.com/consumer-products-and-
retail/home-and-office-furnishings/china-furniture
-market-report/35851-95.html https//www.kenresea
rch.com/consumer-products-and-retail/home-and-offi
ce-furnishings/india-furniture-market-research-rep
ort/8520-95.html https//www.kenresearch.com/cons
umer-products-and-retail/home-and-office-furnishin
gs/malaysia-furniture-market-report/7201-95.html
Contact Ken Research Ankur Gupta, Head
Marketing Communications sales_at_kenresearch.com
91-124-4230204
7
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