USD 8.22 Bn growth expected in Home Furniture Market in the US | Dominated by Klaussner Home Furnishings and LaZBoy Inc.

by HomeDecorBeauty


New York, June 28, 2022 /PRNewswire/ — The home furnishings market in the United States is fragmented due to the presence of multiple regional and international players. The fragmented nature of the market has led to increased competition among suppliers. As a result, vendors are deploying various inorganic and organic strategies to compete and gain an edge in the market.

Technavio has released its latest market research report titled, “U.S. Home Furnishings Market by Product and Distribution Channel – Forecast and Analysis 2021-2025”

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Technavio expects U.S. home furniture market size to grow $8.22 billion. However, the growth momentum is expected to moderate at a CAGR of 2.53% during the forecast period.

This American furniture market By Improve the residential construction market. The number of women working and living independently in the United States has increased significantly over the years. In addition, the drop in unemployment has increased the demand for apartments and houses in the country.

In addition, the continued growth of the immigrant population in the United States has further contributed to the growth of the real estate industry. All these factors are positively impacting the growth of the home furnishings market in the United States. Market growth will further accelerate with rising awareness of home décor and attractive furniture.

However, that Inherent Threats in the Repurposed Furniture Market will reduce the growth potential of the market. Millennials in the U.S. are showing a growing preference for reused and refurbished furniture. This furniture has also become an option for individuals who are constantly moving to new places and have less financial stability. This shift in consumer preferences is slowing the growth of the market.

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U.S. Home Furnishing Manufacturers Segment Analysis

Technavio’s report analyzes the U.S. home furnishing market by product (living room furniture, bedroom furniture, storage furniture, etc.) and distribution channel (offline and online).

  • product

  • distribution channel

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The five major U.S. furniture manufacturers:

  • Ashley Furniture Industries: The company offers accent tables, children’s beds, bathroom lockers, and top-of-the-line desks.

  • IKEA International Holdings Limited: The company offers sofas and armchairs, beds, chairs, study tables, and small storage and organizers.

  • Klausner Homeware: The company provides home furniture such as sofas, chairs, lounge chairs and living room furniture.

  • Raz Boys: The company offers lounge chairs, sectional sofas, sofas, chairs and loveseats.

  • Pier 1 Import Company: The company offers Akito linens and convertible twin-bed sofa platforms.

Request a sample report Find out more highlights from other key players covered in the report.

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U.S. Home Furnishings Market Scope

Report Scope

detail

page number

120

base year

2020

forecast period

2021-2025

Growth Momentum and CAGR

Decelerating at a CAGR of 2.53%

Market Growth 2021-2025

$8.22 billion

market structure

fragmentization

Year-on-year growth (%)

1.26

Regional Analysis

us

Competitive Landscape

Leading Companies, Competitive Strategies, Scope of Consumer Engagement

Introduction of key enterprises

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 Corporation

Market dynamics

Parent Market Analysis, Market Growth Inducers and Barriers, Fast-Growing and Slow-Growing Segments Analysis, COVID 19 Impact and Recovery Analysis and Future Consumer Dynamics, Market Situation Analysis During the Forecast Period

Custom permissions

If our report does not contain the data you are looking for, you can contact our analysts and customize the segmentation.

Table of contents

executive Summary

Market structure

  • Market Ecosystem

  • Value Chain Analysis

market size

Five Forces Analysis

Market Segmentation by Product

  • marketing department

  • Compare 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 Opportunities by Product

Market Segmentation by Distribution Channel

  • marketing department

  • Distribution Channel Comparison

  • Offline – Market Size and Forecast 2020-2025

  • Online – Market Size and Forecast 2020-2025

  • Market Opportunities in Distribution Channels

customer landscape

  • market driving force

  • market challenges

  • market trend

Supplier landscape

  • Supplier landscape

  • landscape damage

Supplier Analysis

  • Covered Suppliers

  • Market positioning of suppliers

  • Ashley Furniture Industries

  • International IKEA Holdings Limited

  • Klausner Home

  • Raz Boys

  • Pier 1 Import Company

  • Raymour and Flanigan Furniture and Mattresses

  • repair hardware company

  • Roomstogo.com Inc.

  • Steinhoff International Holding

  • williams-sonoma

appendix

About Technavio

Technavio is the world’s leading technology research and consulting 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.

Technavio’s report library has more than 500 professional analysts with more than 17,000 reports and counts covering 800 technologies and spanning 50 countries. Their customer base includes businesses 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 position in changing market scenarios.

contact

technical research
Jesse Maida
Head of Media and Marketing
USA: +1 844 364 1100
UK: +44 203 893 3200
Email: [email protected]
Website: www.technavio.com/

Technavio (PRNewsfoto/Technavio)

Technavio (PRNewsfoto/Technavio)

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SourceTechnavio

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