Changes in disposable income, consumer sentiment and the rate of homeownership are major growth drivers for the Furniture Stores industry. Ultimately, a huge rise in consumer confidence has helped the industry experience growth, but uneven performance in these drivers has led to slightly constrained revenue growth for the Furniture Stores industry. IBISWorld anticipates revenue for the Furniture Stores industry will increase over the next five years as consumer sentiment strengthens. Rising demand for furniture, as a result of increasing disposable income and consumer sentiment, will result in revenue growth, but profit margins will stagnate as furniture stores keep prices low to attract more sales amid growing competition.
Operators in this industry primarily sell household, outdoor and office furniture, except those sold in combination with office supplies and equipment. This industry predominantly markets and retails living room, dining room and bedroom furniture, upholstered and otherwise. Desks and home office goods, lamps, recliners, rugs and outdoor furniture make up the rest of sales.
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.