OAKVILLE, ON – International consulting firm AKTRIN has released a new report, The American Demand for Household Furniture with Forecast to 2016, which analyzes the economic and demographic forces impacting the demand for household furniture in the United States. The study is broken up by product categories and geographical regions.
Over the last two decades, household furniture purchases increased significantly from $32.4 billion in 1986 to $84.5 billion in 2006, an increase of 160%. Additionally, the number of households in the United States is predicted to grow by about 13.8% over the next decade. Also, real expendable household income is expected to increase by about 39.4%. Furniture spending growth is expected to continue throughout the projected horizon.
The 50-page study is available for $785.
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