CLEVELAND, April 13, 2017 /PRNewswire/ -- US furniture demand at the manufacturers' level is forecast to reach $59.0 billion in 2021, according to Furniture: United States, a report recently released by Freedonia Focus Reports. Sales of institutional furniture are expected to outpace other segments of the industry amid rapid expansion of education and healthcare construction.
Demand is highly cyclical, fluctuating in response to trends in macroeconomic indicators, such as construction and investment activity, employment levels, and consumer confidence. Underlying this cyclicality is the fact that consumers can postpone furniture replacement for some time in the midst of a weak economy.
These and other key insights are featured in Furniture: United States. This report forecasts US furniture demand in US dollars to 2021. Total demand is segmented by product in terms of:
Household furniture demand is further segmented by product as follows:
- nonupholstered wood
- other household furniture such as that made of metal, plastic, or wicker.
Office furniture demand is further segmented by product as follows:
- modular systems
- desks and tables
- other office furniture such as bookcases, credenzas, and filing cabinets.
To illustrate historical trends, total demand and the various segments are provided in annual series from 2006 to 2016.
More information about the report is available at https://www.freedoniafocusreports.com/Furniture-United-States-8818651/
About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Consumer Goods reports can be purchased at www.freedoniafocusreports.com or marketresearch.com.
Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including:
- total historical market size
- segmentation by products
- identification of market drivers, constraints, and key indicators
- segment-by-segment outlook in five-year forecasts
- a survey of the supply base
- suggested resources for further study
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/us-furniture-demand-to-reach-185-billion-in-2021-300439587.html
SOURCE The Freedonia Group