Authored By: Sarah
15 Sep 2023

Home Furniture Market Analysis in the US: Ashley Furniture Industries Inc.,  and Inter IKEA Holding BV, are Among the Major Vendors

The home furniture market share in the US is expected to grow by USD 8.22 billion, decelerating at a CAGR of over 2.53% during the forecast period. Technavio’s research report traces the growth trajectory of the market and provides a detailed analysis of the prevalent market forces, trends, and drivers which are likely to impact the market in focus.


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Home Furniture Market Analysis in the US: Ashley Furniture Industries Inc.,  and Inter IKEA Holding BV, are Among the Major Vendors

Home Furniture Market In The US: Market Segments and Growth Forecasts

The home furniture market in the US report will provide insights into the current market share of each segment along with growth projections for the next five years.

  • The home furniture market in the US is segmented by product (living room furniture, bedroom furniture, storage furniture, and others) and distribution channel (offline and online).
  • The home furniture market growth in the US by the living room furniture segment will be significant during the forecast period. 
  • 100% of the market growth will originate from the US during the forecast period. The report provides an accurate prediction of the contribution of all the geographic segments to the growth of the home furniture market size in the US.

Home Furniture Market In The US: Trends, Drivers, Challenges to impact growth

The report helps market players to discover the various trends, drivers, and challenges that are likely to influence the market growth during the forecast period. These insights will provide clients with all the information they would require for designing a growth strategy for their business.

  • A key market driver for the home furniture market in the US will be improving the residential construction market.
  • Increased awareness of home decor and attractive furnishings is another factor that will be instrumental in driving the market growth during the forecast period.
  • The surging demand for eco-friendly furniture is one of the major home furniture market trends in the US which will positively influence the market growth.
  • The inherent threat from re-used furniture market is a challenge that needs to be overcome to persist on the path to growth and recovery from the impact of the pandemic.

Home Furniture Market In The US: Vendor Analysis

  • The market is fragmented due to the presence of several players.
  • The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
  • Ashley Furniture Industries Inc., Inter IKEA Holding BV, Klaussner Home Furnishings, LaZBoy Inc., Pier 1 Imports Inc., Raymour and Flanigan Furniture and Mattresses, Restoration Hardware Inc., Roomstogo.com Inc., Steinhoff International Holdings NV, and Williams-Sonoma Inc. are some of the major home furniture market vendors in the US.

Download the Free PDF Sample Report Technavio's custom reports provide market insights at the global and regional levels along with pipeline analysis of new product launches. It also provides a peek into the latest R&D along with impact analysis of government regulations.

The report provides insights into the following FAQs:

  1. What is the market CAGR?
    The market is decelerating at a CAGR of 2.53%.

     
  2. What is the incremental growth of the market?
    The market is expected to grow by USD 8.22 billion.

     
  3. What is a key factor driving this market?
    Improving the residential construction market will drive market growth over the forecast period.

     
  4. Who are the leading market vendors?
    The leading vendors in this market are Ashley Furniture Industries Inc., Inter IKEA Holding BV, Klaussner Home Furnishings, LaZBoy Inc., Pier 1 Imports Inc., Raymour and Flanigan Furniture and Mattresses, Restoration Hardware Inc., Roomstogo.com Inc., Steinhoff International Holdings NV, and Williams-Sonoma Inc

     
  5. What are the market segments covered in this report?
    The market is segmented by product (living room furniture, bedroom furniture, storage furniture, and others) and distribution channel (offline and online).
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