According to Technavio, incremental growth of USD 8.08 billion is expected in the home furniture market in the US during 2020-2024. 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
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ashley Furniture Industries Inc., Inter IKEA Holding BV, Klaussner Home Furnishings, LaZBoy Inc., Pier 1 Imports Inc., Raymour & Flanigan Furniture, Restoration Hardware Inc., Roomstogo.com Inc., Steinhoff International Holdings NV, and Williams-Sonoma Inc. are some of the major market participants. Although the growing real estate industry will offer immense growth opportunities, to leverage the current opportunities, market vendors must strengthen their foothold in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Home Furniture Market in US 2020-2024: Segmentation
Home Furniture Market in the US is segmented as below:
Home Furniture Market in US 2020-2024: Vendor Analysis and Scope
Some of the major vendors of the home furniture market in the US in the home furnishings industry include Ashley Furniture Industries Inc., Inter IKEA Holding BV, Klaussner Home Furnishings, LaZBoy Inc., Pier 1 Imports Inc., Raymour & Flanigan Furniture, Restoration Hardware Inc., Roomstogo.com Inc., Steinhoff International Holdings NV, and Williams-Sonoma Inc. To help businesses improve their market position, Technavio’s report provides a detailed analysis of around 25 vendors operating in the market.
The report also covers the following areas:
The home furniture market in us is fragmented, and the degree of fragmentation will accelerate. The increasing online sales of home furniture will offer immense growth opportunities. However, the inherent threat from re-used furniture market will hamper the market growth.
Backed with competitive intelligence and benchmarking, our research report on the home furniture market in US is designed to provide entry support, customer profile & M&As as well as go-to-market strategy support.
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Outdoor Furniture Market in US – Outdoor furniture market in US is segmented by product (outdoor furniture and accessories, outdoor grills and accessories, and patio heating products), end-user (residential and commercial), and distribution channel (offline and online).
Office Furniture Market in US – Office furniture market in US is segmented by product (seating, table, system, storage unit and file, and overhead bins), end-user (commercial and home office), distribution channel (offline and online), and material (wood, metal, and others).
Home Furniture Market in US 2020-2024: Key Highlights
Table of Contents:
Five Forces Analysis
Market Segmentation by Product
Market Segmentation by Distribution channel
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