Office Furniture Sale in US, Ashley Furniture Industry Revenue - Ken Researchby Ashish Kumar Market Researcher
The 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
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
Macroeconomic Factors Impacting US Furniture Market
To know more about the publication, click on the link below
Related Reports by Ken Research
Philippines furniture market witnessed a slump in growth rate in 2015, 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 in the country stood at 1,433.0 million in 2015, representing a growth of only 7.9% from previous year. The export and domestic market stood at USD 298.0 million and USD 965.1 million in 2015, respectively.
Furniture market in Indonesia increased to USD 2,634.6 million in 2016 from USD 2,451.6 million in 2015, registering a robust CAGR of 7.9% during 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.
Ankur Gupta, Head Marketing & Communications
Created on Nov 22nd 2017 07:27. Viewed 532 times.