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Growth in the housing industry is driving the furniture market in USA

Press release September 16, 2014 Furniture market USA Furniture industry USA United States furniture industry USA furniture market

Furniture Market Research Report USA

5. Furniture and Decoration

Mumbai, India – September 15, 2014 – Since 2012, the furniture market in USA has started to look up. This is mainly due to growth in the housing market which has started to look up after years of stagnant progress.

This report: Furniture Market in United States to 2018 - Market Size, Trends, and Forecasts provides a detailed analysis of the market and focuses on the major players, recent developments and key drivers of the furniture market in USA.

Market overview

Sales in the furniture market in USA reached USD 89 billion in 2012. Lower interest rates, higher demand alongwith lower inventories are driving growth in the market. Through 2017, higher disposable income throughout the country is also expected to be one of the drivers of the market. Retail sales are expected to grow at a rate of 1% over the next few years at a constant value term.

Research has shown that the US furniture market is highly fragmented with not even one player accounting for more than 5% of the market share. Some of the key players include Bed Bath and Beyond, IKEA, LA-Z-Boy, Rooms to Go and Art Van furniture.

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Furniture market USA Furniture industry USA United States furniture industry USA furniture market