The home furniture market in US is expected to grow by USD 8.08 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the home furniture market in US in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the Response, Recovery, and Renew phases.
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The home furniture market in US will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth decreased in 2020 as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
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Key Considerations for Market Forecast:
Related Report on Consumer Discretionary:
Global Furniture Market – Global furniture market is segmented by product (home, office, and others) and geography (APAC, Europe, North America, South America, and MEA).
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Global Luxury Furniture Market – Global luxury furniture market is segmented by distribution channel (offline and online), application (residential and commercial), and geography (APAC, Europe, MEA, North America, and South America).
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Major Three Home Furniture Market In US Participants:
Ashley Furniture Industries Inc.
Ashley Furniture Industries Inc. operates its business through segments such as Furniture, Mattresses, Outdoor, Bedding, Home Decor, Rugs, and Lighting. The company offers living room, kitchen, bedroom, and other furniture.
Inter IKEA Holding BV
Inter IKEA Holding BV offers a wide range of living room, kitchen, bedroom, and other furniture.
Klaussner Home Furnishings
Klaussner Home Furnishings operates its business through the Unified segment. The company offers sleepers, leather sofas, and other home furnishing products.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/home-furniture-market-in-us-industry-analysis
Home Furniture Market In US 2020-2024: Segmentation
Home furniture market in US is segmented as below:
The home furniture market in US is driven by the growing real estate industry. In addition, other factors such as increased online sales are expected to trigger the home furniture market in us toward witnessing a CAGR of over 2% during the forecast period.
Get more insights about the global trends impacting the future of the home furniture market in the US, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR44284
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