Technavio expects the home furniture market size in the US to grow by USD 8.22 billion. However, the growth momentum is expected to decelerate at a CAGR of 2.53% during the forecast period.
The home furniture market in US is driven by the improving residential construction market. The number of women working and living independently in the US has increased significantly over the years. In addition, the drop in unemployment rates has increased the demand for apartments and houses in the country.
Moreover, the continued growth in the immigrant population in the US has further fueled the growth of the real estate industry. All these factors are positively influencing the growth of the home furniture market in the US. The market growth will further accelerate with the increased awareness of home decor and attractive furnishings.
However, the inherent threat from re-used furniture market will reduce the growth potential in the market. The millennial population in the US is exhibiting an increased preference for re-used and refurbished furniture. Such furniture has also been emerging as an option for individuals who continuously keep moving to new places and have less financial stability. This shift in consumer preference is slowing down the growth of the market.
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Home Furniture Manufacturers in US Segmentation Analysis
Technavio's report analyzes the home furniture market in US by product (living room furniture, bedroom furniture, storage furniture, and others) and distribution channel (offline and online).
- Product
- Living Room Furniture
- Bedroom Furniture
- Storage Furniture
- Others
- Distribution Channel
- Brick And Mortar
- Online Mode
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Major Five Home Furniture Manufacturers in the US:
- Ashley Furniture Industries Inc.: The company offers accent tables, kid's beds, bathroom storage, and top-rated desks.
- Inter IKEA Holding BV: The company offers sofas and armchairs, beds, chairs, study tables, and small storage and organizers.
- Klaussner Home Furnishings: The company offers home furniture such as sofas, chairs, occasional chairs, and living area furniture.
- LaZBoy Inc.: The company offers recliners, sectionals, sofas, chairs, and loveseats.
- Pier 1 Imports Inc.: The company offers Akito linen and a convertible twin bed couch platform.
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Home Furniture Market Scope in US |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Decelerate at a CAGR of 2.53% |
Market growth 2021-2025 |
$ 8.22 billion |
Market structure |
Fragmented |
YoY growth (%) |
1.26 |
Regional analysis |
US |
Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
Key companies profiled |
Ashley Furniture Industries Inc., Inter IKEA Holding BV, Klaussner Home Furnishings, LaZBoy Inc., Pier 1 Imports Inc., Raymour and Flanigan Furniture and Mattresses, Restoration Hardware Inc., Roomstogo.com Inc., Steinhoff International Holdings NV, and Williams-Sonoma Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
Executive Summary
Market Landscape
- Market ecosystem
- Value chain analysis
Market Sizing
- Market definition
- Market segment analysis
- Market size 2020
- Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Product
- Market segments
- Comparison by Product
- Living room furniture - Market size and forecast 2020-2025
- Bedroom furniture - Market size and forecast 2020-2025
- Storage furniture - Market size and forecast 2020-2025
- Others - Market size and forecast 2020-2025
- Market opportunity by Product
Market Segmentation by Distribution channel
- Market segments
- Comparison by Distribution channel
- Offline - Market size and forecast 2020-2025
- Online - Market size and forecast 2020-2025
- Market opportunity by Distribution channel
Customer landscape
- Market drivers
- Market challenges
- Market trends
Vendor Landscape
- Vendor landscape
- Landscape disruption
Vendor Analysis
- Vendors covered
- Market positioning of vendors
- Ashley Furniture Industries Inc.
- Inter IKEA Holding BV
- Klaussner Home Furnishings
- LaZBoy Inc.
- Pier 1 Imports Inc.
- Raymour and Flanigan Furniture and Mattresses
- Restoration Hardware Inc.
- Roomstogo.com Inc.
- Steinhoff International Holdings NV
- Williams-Sonoma Inc.
Appendix
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
About Technavio
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.
With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/
SOURCE Technavio
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