Office Furniture Sale in US, Ashley Furniture Industry Revenue - Ken Research
by Ashish Kumar Market ResearcherThe report titled “The US Furniture
Market by End Users (Home, Office, Hotels and Industrial), By Age Group
(Millennials, Generation X, Baby Boomers, seniors (Child Care and Infant Care),
By Distribution Channel (Departmental Stores, Lifestyle Stores, Exclusive
Stores, Supermarkets and Online Distribution)– Outlook to 2021” provides a comprehensive analysis of furniture
market in the US.
The report focuses on the overall market size of furniture market in the
US, market segmentation by various states (New York, Los Angeles, San
Fransisco, Chicago), by organized and Unorganized sector, by product categories
(Bedroom, Living Room, Dining Room, Kitchen), by Living Room Furniture (Sofa,
Sofa cum Bed, Television Sets, Coffee Table and Center Table, by dining room
furniture and children furniture. The report also includes the profile of major
manufacturers and retailers and online players, government rule and
regulations, trends and developments. The report concludes with market
projection for future and analyst recommendations.
The US Furniture Market
Size
The US furniture market generated revenues worth USD ~ million in 2012.
The revenue generated increased from USD ~ million in 2012 to USD ~ million in
2017. The furniture industry has witnessed a steady growth in the demand of the
furniture products by the consumers in the US.
The US Furniture Market
Segmentation
Based on the segments, the US furniture industry is divided into
organized and unorganized players. The demand for furniture products basically
arises from the four major sectors i.e. home, office, hotels and industrial.
The new home sales are expected to lead the demand for the furniture products.
After the economic recession, there has been an increase in demand for new home
units which will lead to rise in the demand for furniture. Spend by Millennial
is on the rise when it comes to furniture products. A shift in distribution has
also been witnessed with advent of major retailers and online distribution
players.
Comparative Landscape in
Furniture Market in the US
Major retailers have gained a significant presence in the furniture
market in the US. Ashley Furniture Home Store, IKEA, Williams-Sonoma, Rooms to
Go, Berkshire Hathaway are some of the leading retailers operating in the
furniture industry.
Online Companies such as overstock.com, amazon and wayfair have also
gained considerable presence with the young population making maximum use of
smart phones for making online purchases.
Key Topics Covered in
the Report
Executive Summary
Research Methodology
Value chain Analysis of US furniture market
US furniture market size by revenues
US Furniture Market Segmentation by organized and unorganized sector, by
end users Home, Office, hotels and industrial, by major states (New York, Los
Angeles, San Fransisco, Chicago), By Age Group (Millennials, Generation X, Baby
Boomers, seniors and by By Distribution Channel (Departmental Stores, Lifestyle
Stores, Exclusive Stores, Supermarkets and Online Distribution) 2017
By Product Categories (Bedroom, Living Room, Dining Room, Kitchen and
Others)
US Dining Room Furniture Market
US Kitchen Furniture Market
Company Profiles for Major Manufacturers in US Furniture Market
US Online Furniture Market
Snapshot on Easy to Assemble (DIY) Furniture Market
Snapshot on Smart Furniture Market
US Furniture Market Future Outlook and Projections
Analyst Recommendations
Macroeconomic Factors Impacting US Furniture Market
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primarily as the exports market witnessed erosion in sales during the year. Low
demand from the US and Japan resulted in decline of furniture exports by 17.8%
in 2015 as compared to the revenues in previous year. The market for furniture
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Furniture market in Indonesia increased to USD 2,634.6 million in 2016
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2012-2016. An increase in domestic demand for both traditional and modern
furniture in Indonesia has been witnessed, due to the availability of wide
range of local and foreign products for homes, offices, hotels and industries
in the recent years, has been a strong factor which has led to the surge in the
market revenues during 2015-2016.
The furniture market in China has grown with a CAGR of 10.3% during the
period 2010-2015. The revenues generated by China furniture market were
evaluated at USD 40.9 billion in 2010 and has grown to USD 66.8 billion by end
of 2015. The furniture industry in China has been immensely driven by its
ability to provide best quality furniture products at best affordable prices without
compromising on the quality standards and low cost skilled workforce. With the
substantial growth in the real estate industry, technology and increasing
growth rate in tourism from 1.2% in 2011 to 4.1% in 2015 had led to
inauguration of many new public and private construction projects, automation
in the manufacturing process and increase in the number of hotels, bars &
restaurants in country.
In FY’2015, the furniture market in India clocked revenue worth INR 1,049.1
billion which increased by 16.5% from INR 899.6 billion in FY’2014. The
furniture market has experienced a substantial growth in the last few years.
There are several factors which have led to this growth such as surge in real
estate and housing activity, increasing growth in the information technology
and services sectors, growing affluence both in the urban and rural areas and
higher proportion of middle class Indians aspiring for better lifestyle.
The furniture market of Malaysia had increased from USD 3,045.8 million
in 2010 to USD 3,357.6 million in 2015 at a CAGR of 2% during the period
2010-2015. The furniture market in the country had been immensely driven by a
substantial growth in the real estate, travel & tourism and hospitality
domains over the years. The rising number of commercial projects along with a
greater spending on the infrastructure had also provided an enormous growth to
the furniture market in the last few years.
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