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Welcome home: Greater access to credit will boost demand for home furniture and bedding
The Retail Market for Home Furniture & Bedding
Despite a slow economic recovery, rebounding consumer confidence and housing starts have spurred purchases for home furniture and bedding retailers in recent years. While the average price of the industry's products is expected to decrease slowly, rising sales volumes have driven revenue growth for industry operators over the five-year period. Similar to the industry's low degree of revenue volatility, the industry's target markets have remained consistent. The largest market segment for home furniture and bedding retailers remains consumers aged 35 to 44. Spurred by price competition, the industry's average profit margin is forecast to fall slightly over the five years to 2021. Home furniture and bedding retailers are anticipated to remain heavily reliant on labor for sales, with wages failing slightly as operators attempt to salvage profit margins.
Companies in this industry sell living room suites, bedroom suites and bedding, sofas, tables, chairs, outdoor furniture and other furniture for household use. This report shows the size of the retail market for this product and includes sales from all major retail channels, including specialty stores, general merchandisers and internet retailers.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
Household Furniture Manufacturing in the US
Home Furnishing Wholesaling in the US
Furniture Stores in the US
Home Furnishings Stores in the US
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Summary Growth in the kitchen furniture market has slowed to 0.5% in 2016 (from 2.0% in 2015). Prospects for the market are bleak in 2017, as weakening consumer confidence and a slowing housing market ...
China’s demand for Dining Room & Kitchen Furniture has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a ...
China’s demand for Bedroom Furniture has grown at a fast pace in the past decade. In the next decade, both production and demand will continue to grow. The Chinese economy maintains a high speed growth ...