0
2021
U.s. Home Furniture And Bedding Market

U.S. Home Furniture and Bedding Market

by Product Type (Sofa, Bed, Chair, Cupboard, and Others) and Sales Channel (Online and Offline), : Opportunity Analysis and Industry Forecast, 2021-2027
Update Available On-Demand

Report Code: A10954
Pages: 134
Apr 2021 | 5308 Views
Author(s) : Anil K , Roshan D
Tables: 51
Charts: 40
  • Formats*:

  • Single User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the U.s. Home Furniture And Bedding Market

Request Now !

The U.S. home furniture and bedding market size was valued at $138,187.52 million in 2019, and is estimated to reach $183,489.52 million by 2027, registering a CAGR of 3.07% from 2021 to 2027. 

Home furniture refers movable items/articles used for the convenience of people for sitting, sleeping, and other daily activities. Various materials are used for designing home furniture such as wood, plastic, glass, and other metals. In addition, furniture plays a vital role in home décor and beautifying the ambience. 

US-Home-Furniture-and-Bedding-Market,-2021-2027

Rise in spending power on home décor and home renovation is expected drive U.S. home furniture and bedding market growth. For instance, according to the statistics shared by the National Association Of Home Builders (NAHB) in 2018, the spending per home improvement in California increased to over $9,565 with a rise of over 20% as compared with 2017.

Furthermore, upsurge in sale of new and existing residential homes in the U.S. is anticipated to propel the growth of the market in the U.S. during the forecast period. Furthermore, home remodeling has been gaining considerable popularity among the U.S. households, which primarily involves several activities such as conversion, alteration, improvement, modernization, repair, and replacement of the furniture, thus notably contributing toward the growth of the overall market. 

COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. Since the outbreak in December 2019, the disease has spread to almost 213 countries around the globe with the World Health Organization declaring it a public health emergency on March 11, 2020. 

The outbreak of COVID-19 pandemic had led to partial or complete shutdown of production facilities, which do not come under essential goods, owing to prolonged lockdown in major countries such as the U.S., China, Japan, India, and Germany. 

However, the outbreak of the COVID-19 pandemic has positively affected the growth of the U.S. home furniture and bedding market. This is attributed to the fact that sales of home furniture and bedding has witnessed significant increase, as consumers are actively getting involved in home deigning, remodeling, and renovation during the lockdown period. Furthermore, consumers are choosing to replace their old furniture, including sofa, bed, and chair with new and aesthetic furniture. 

The U.S. home furniture and bedding market is segmented into product type and sales channel. On the basis of product type, the market is categorized into sofa, bed, chair, cupboard, and others. By sales channel, it is segregated into online and offline. 

According to U.S. home furniture and bedding market analysis, depending on product type, in 2019, the sofa segment garnered the major share in the U.S. home furniture and bedding market, and is expected to sustain its position during the U.S. home furniture and bedding market forecast period. This is attributed to the fact that sofa adds greater aesthetic value to living room and provides convenient and comfortable sitting position. In addition, sofa bed has been gaining major traction among the households, owing to benefits associated with it such as efficient use of space, can host more guest, and high functionality.

Manufactures in furniture industry are majorly focusing on the designing sofa for small size flats and houses. Thus, sofa manufacturing companies are coming with various smart furniture solution such as murphy sofa and sofa bed. Surge in population density in metropolitan areas and increase cost per square foot in urban areas decrease the size of the flats, which boosts the demand for murphy sofa and sofa bed. Thus, these attributes likely to influence to increase U.S. home furniture and bedding market demand.

U.S. Home Furniture and Bedding Market
By Product Type

Your browser does not support the canvas element.

Sofa segment helds the major share of 34.9% in 2019

According to U.S. home furniture and bedding market trends, on the basis of sales channel, the offline segment was valued at $85,455.16 million in 2019, and is expected to reach $85,946.49 million by 2027, registering a CAGR of 1.41%. This is attributable to the fact that consumers prefer to analyze and evaluate the product before purchase, which boosts the sale of home furniture through offline stores. Furthermore, offline stores such as retail stores, supermarkets/hypermarkets, and specialty have been gaining significant popularity, as they offer a wide range of options to choose from and proper suggestions & guidance from interior designing experts. In addition, migration of people from rural to urban areas is increasing the footfall of consumers in retail stores, which further contributes toward the growth of the U.S. home furniture and bedding market share through offline sales channels. 

The players operating in the U.S. home furniture and bedding market have adopted various developmental strategies to expand their market share, increase profitability, and remain competitive in the market. The key players profiled in this report include Steelcase, HNI Corporation, Herman Miller, Sleep Number Corporation, La-Z-Boy Inc., Tempur Sealy International, Inc., Serta Simmons Bedding, LLC, Sauder Woodworking Company, Ashley Furniture Industries, and Hooker Furniture Corporation.

U.S. Home Furniture and Bedding Market
By Sales Channel

Your browser does not support the canvas element.

Offline segment helds the major share of 61.8% in 2019

Key Benefits For Stakeholders

  • The report provides a quantitative analysis of the current market trends, estimations, and dynamics of the market size from 2019 to 2027 to identify the prevailing opportunities.
  • Porter’s five forces analysis highlights the potency of buyers and suppliers to enable stakeholders to make profit-oriented business decisions and strengthen their supplier–buyer network.
  • In-depth analysis and the market size and segmentation assist to determine the prevailing market opportunities.
  • The major countries in each region are mapped according to their revenue contribution to the market. 
  • The market player positioning segment facilitates benchmarking and provides a clear understanding of the present position of the market players in the U.S. home furniture and bedding industry.

U.S. Home Furniture and Bedding Market Report Highlights

Aspects Details
By Product Type
  • Sofa
  • Bed
  • Chair
  • Cupboard
  • Others
By Sales Channel
  • Online
  • Offline
Key Market Players ASHLEY FURNITURE INDUSTRIES, HERMAN MILLER, HNI CORPORATION, HOOKER FURNITURE CORPORATION, LA-Z-BOY INC., SAUDER WOODWORKING COMPANY, SERTA SIMMONS BEDDING, LLC, SLEEP NUMBER CORPORATION, STEELCASE, TEMPUR SEALY INTERNATIONAL, INC.
 

Loading Table Of Content...


 
 

The U.S. home furniture and bedding market is expected to exhibit notable growth during the forecast period, owing to increase in consumer’s interest toward home improvement. In addition, upsurge in urban population and development of the real estate industry have fostered the sales of new and existing residential homes, thereby fueling the growth of the market. Moreover, surge in adoption of concept of home garden is supporting the growth of the market, as consumers are spending significantly on garden furniture to beatify their homes. 

Upsurge in disposable income and improvement in lifestyle of individuals are further expected to offer remunerative opportunities for investors in the home furniture and bedding market.

In the current scenario, eco-friendly home decor products are gaining high acceptance among consumers. Rapid expansion of the retail industry plays a major role in the distribution of home furniture.

In addition, specialty stores and supermarket & hypermarkets are witnessing increase in footfall of buyers in the U.S. This is majorly attributed to availability of enormous options for consumers to choose from. Multi-brand furniture specialty stores offer sofa, cupboards, and beds under many brands, which allow buyers to compare their elegant designs, size, utility, and colors, thus helping them to take buying decisions.

Furthermore, many manufacturers are collaborating with importers, contractors, and interior designers to sell their home furniture and bedding products. Companies have further opted for e-commerce platforms to sell their products and increase their profit margins by reducing the distribution costs.

However, increase in cost of raw materials has a direct impact on consumer price, which is likely to hamper the growth of the U.S. home furniture and bedding market. Imposition of regulation and conditions on the timber production is further limiting the supply of raw materials, which leads to increase in cost of production.

On the contrary, surge in demand for customizable and suitable furniture for nuclear family household and small size residential homes is expected to act as a potential growth opportunity for the furniture manufacturing companies operating in the U.S. 

PURCHASE OPTIONS

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The U.S. home furniture and bedding market size was valued at $138,187.52 million in 2019, and is estimated to reach $183,489.52 million by 2027, registering a CAGR of 3.07% from 2021 to 2027.

A. The forecast period in the U.S. Home Furniture and Bedding Market report is 2021-2027.

A. The base year calculated in the U.S. Home Furniture and Bedding Market report is 2019.

A. Steelcase, HNI Corporation, Herman Miller, Sleep Number Corporation and La-Z-Boy Inc. are some of the top companies holding the market share in the U.S. home furniture and bedding market.

A. Cupboard is the most influential segment growing in the U.S. home furniture and bedding market report.

A. Sofa segment holds the maximum market share of the U.S. Home Furniture and Bedding Market

A. Companies are selected on the basis of product portfolio, market share in U.S. region, and revenue.

A. In 2019, the U.S. home furniture and bedding market was valued at $138,187.52 million.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS

Purchase Full Report of
U.s. Home Furniture And Bedding Market

Start reading instantly.
This Report and over 19,267+ more Reports, Available with Avenue Library. T&C*.

  • Data Pack
  • $2,324
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2022 - Apr 2023)
  • Single User
  • $3,250
  • Restricted to one authorized user
  • One print only
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2022 - Apr 2023)
  • Five Users
  • $3,904
  • Limited to five authorized users
  • Print upto five copies
  • Available in
    PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2022 - Apr 2023)
  • Enterprise
    License/PDF

  • $6,444
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
    (Apr 2022 - Apr 2023)
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

RELATED REPORTS
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers