US Home Furniture Market to shoot up by USD 13.32 Bn revenue through 2023-2027
Rising Cosmopolitan culture and preference for contemporary designs among consumers for improving the residential construction market, also followed by increased awareness of home décor and attractive furnishings. The US Home Furniture Market is estimated to increase by USD 13.32 billion with a CAGR of 3.7% between 2023 and 2027.
Navigating the business drivers of the US Home Furniture Market: The growth of the real estate industry in the US is attributed to factors such as the increasing number of households, especially increased demand for service apartments and single-story houses which in turn is boosting the demand for home furniture in the US. The rapid growth of the real estate industry can also be attributed to the increasing immigrant population in the US Many young adults are forming households thus all these factors contribute to the market expansion of Home Furnishing in the US.
US Home Furniture Market Analysis at a Glance
Key players are innovating different sofa styles to make their products suitable for the changing preferences of consumers. Convertible sofas and chairs for outdoor porches and lawns are some of the furniture items preferred by consumers. Ashley Home Stores Ltd., Bassett Furniture IndustriesBerkshire Hathaway Inc., Crate and Barrel, Dorel Industries Inc., Ethan Allen Interiors Inc., and Inter IKEA Holding B.V., are prominent market vendors worth mentioning in this market segment. Our report includes qualitative and quantitative analyses of vendors with a wider understanding of the business ecosystem as well as the strengths and weaknesses of key market players. Order a sample today on US Home Furniture Market