Furniture Stores in California
Over the five years to 2017, the Furniture Stores industry in California has maintained steady growth. Prior to 2012, many furniture stores went through a period of falling demand due to the fall of the housing market and subsequent business environment. However, rising consumer confidence and per capita disposable income within California have spurred significant growth for industry operators. With fewer consumers purchasing homes, demand for full furniture sets will decrease. IBISWorld projects that revenue for the Furniture Stores industry in California will decrease over the next five years. th more vendors shifting focus to online operations, many industry operators will be able to effectively compete. While revenue is projected to decline, companies will lower costs by reducing establishment counts. With competition forecast to increase, furniture stores will have to adapt their current business models over the next five years to better compete.
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 account for the remaining 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.
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