Furniture Stores in the US - Industry Market Research Report
Description
Furniture Stores in the US
The Furniture Stores industry primarily sell household, outdoor and office furniture, including living room, dining room and bedroom furniture, as well as home office goods, lamps, recliners, rugs and outdoor furniture. Furniture stores benefited from a strong residential market. The 2020 pandemic resulted in historically high disposable income and pushed down interest rates to nearly 0.0%, boosting the residential sector. As consumers grew confident in the economy, they purchased and built homes, supporting furniture sales. However, growing inflation and interest rates led to consumer grown at an estimated CAGR of 1.6% to $128.3 billion over the five years to 2023, including a 1.6% dip in 2023 alone.
Operators in this industry primarily sell household, outdoor and office furniture, except those sold combined 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.
The Furniture Stores industry primarily sell household, outdoor and office furniture, including living room, dining room and bedroom furniture, as well as home office goods, lamps, recliners, rugs and outdoor furniture. Furniture stores benefited from a strong residential market. The 2020 pandemic resulted in historically high disposable income and pushed down interest rates to nearly 0.0%, boosting the residential sector. As consumers grew confident in the economy, they purchased and built homes, supporting furniture sales. However, growing inflation and interest rates led to consumer grown at an estimated CAGR of 1.6% to $128.3 billion over the five years to 2023, including a 1.6% dip in 2023 alone.
Operators in this industry primarily sell household, outdoor and office furniture, except those sold combined 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.
Table of Contents
48 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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