According to a new report "Home Furniture Market in the US 2017-2021" by Research and Market, the home furniture market in the United States is expected to grow at a CAGR of 6.14% during the period 2017-2021.
The report says that one driver in the market is improving residential construction market. The real estate industry in the United States is expected to drive the home furniture market in the next few years. This will be due to the increasing number of people engaging in household formation. There has been a significant rise in the number of women joining the workforce and living independently. As a result, there is a rising need for service apartments and single storey houses.
Home furniture includes beds and mattresses, tables and table tops, desks, chairs, storage cabinets, sofas, and other furniture that are used to make a house or building a comfortable place to live. With the rapid urbanization and improved standards of living, the need for furniture has increased considerably over the last few years.
One trend in the market is surging demand for eco-friendly furniture. The idea of green furniture or eco-friendly furniture was always prevalent. However, it is expected to gain momentum in the coming years owing to the rising demand for sustainable products from consumers.
Ashley Furniture HomeStore
Rooms To Go
Other prominent vendors
Pier 1 Imports
Raymour & Flanigan
Klaussner Home Furnishings
Crate and Barrel
American Furniture Manufacturing
Have something to say? Share your thoughts with us in the comments below.