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The U.S. Home Furnishing Market:
Size, Trends & Forecasts (2018-2022)
November 2018
The U.S. Home Furnishing Market: Coverage
Executive Summary and Scope
Introduction/Market Overview
Market Analysis
Dynamics
Competitive Landscape
Company Profiles
The U.S. Home Furnishing Market: Coverage
Attributes Details
Title The U.S. Home Furnishing Market: Size, Trends & Forecasts (2018-2022)
Coverage The US
Market Influencing Variables Growth Drivers, Challenges, Market Trends
Forecast Period of Market 2018-2022
Competition in the Market Market is fragmented due to the presence of large number of players.
Key Players Bed Bath & Beyond Inc., Williams-Sonoma, Inc., Target Corporation, and Wayfair Inc.
Scope of the Report
The U.S. Home Furnishing Market
The home furnishing industry incorporates manufacturers of furniture, upholstery, carpets, divider covers, and bedding, as well as delicate domestic decorations, such as covers and other bed-related things, materials, tablecloths, and candles.
Home Furnishings trends tend to be highly cyclical, rising and falling with decade-low unemployment, rising wages, robust consumer confidence, and other economic indicators. The furniture market rules the industry. Furniture producers see their businesses move together with intrigued rates and the housing market.
The U.S. home furnishing market can be broadly segmented into Furniture; Small Electric Appliances, China Crystal, Silverware & Utensils; and Household Linens. The furniture segment can be further classified into furniture; clock, lights, others; carpet and floor covers; and window covers. The China Dish sets, Tableware and Utensils can be further segmented into dishes and flatware; and non electric cookware and tableware.
The U.S. home furnishing market has shown rising trends over the past few years and is expected to grow at a rapid pace over the forecasted period (2018-2022). The US home furnishing market is primarily driven by growing e-commerce and m-commerce penetration, rising personal disposable income, growing urbanization population, recovering home furnishing share of wallet, growing consumer interest towards home décor etc. However, the market is facing some challenges such as shifting consumer trends & expectations, rising material cost, skilled labor shortage etc. Market trends such as augmented reality and virtual reality, technological advanced stores, and rising demand for luxury home furnishing is expected to propel the growth of the market in the coming years.
Executive Summary
Home Furnishing Market: Global Analysis
Global Home Furnishing Market by Value
The global home furnishing market was valued at US$.... billion in 2017 which is anticipated to reach to US$.... billion with an annual growth rate of approximately ….%. The market is projected to reach US$..... billion by 2022 and would develop at a CAGR of ….% over the years 2018 to 2022.
2017 2018 2019 2020 2021 2022
US
$ B
illio
n
United States
ROW
Global Home Furnishing Market by Region
Home Furnishing Market: The U.S. Analysis
CAGR
2012-2017 XX%
2018-2022 XX%
The U.S. Home Furnishing Market by Value; 2012-2017 (US$ Billion)
2012 2013 2014 2015 2016 2017
US
$ B
illio
n
The U.S. Home Furnishing Market by Value; 2018-2022E (US$ Billion)
2018 2019 2020 2021 2022
US
$ B
illio
n
Home Furnishing Market: The U.S. Analysis
The U.S. Brick & Mortar Home Furnishing Market by Growth Rate
The U.S. Online Home Furnishing Market by Growth Rate
2012 2013 2014 2015 2016 2017 2018
Gro
wth
Rate
(%
)
2012 2013 2014 2015 2016 2017 2018
Gro
wth
Rate
(%
)
Home Furnishing Market: The U.S. Analysis
The U.S. Home Furnishing Market by Retail Sales Growth Rate
The U.S. Home Furnishing Market by Online Penetration Rate
1Q16 2Q16 3Q16 4Q16 1Q17 2Q17 3Q17 4Q17 1Q18 2Q18 3Q18
Gro
wth
Rate
(%
)
2012 2013 2014 2015 2016 2017
Gro
wth
Rate
(%
)
On
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e P
en
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Rate
(%
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Online Penetration Rate (%) Growth Rate (%)
Home Furnishing Market: The U.S. Analysis
The U.S. Home Furnishing Market by Retail Channel Mix
The U.S. Online Home Furnishing Market by Sub-Categories
Furniture Stores and
Chains
MassMerchants and
Clubs
Specialty Stores
Department Stores
Home Improvement
Centers
Online
Other
2010
2017
Furniture
Kitchen & Dining
Bed & Bath
Home Furnishing Market: Dynamics
Growth Driver
•Growing E-Commerce and M-Commerce Penetration
•Rising Personal Disposable Income
Challenges
•Shifting Consumer Trends and Expectations
•Declining Millennial House Ownership
Market Trends
•Augmented Reality and Virtual Reality
•Rising Demand for Eco-Friendly Furnishings
Home Furnishing Market: Competitive Landscape
• Bed Bath & Beyond Inc.
• Williams-Sonoma, Inc.
• Target Corporation
• Wayfair Inc.
Players Profiled
Home Furnishing Market: Competitive Landscape
Williams-Sonoma Inc., xx%
RH, xx%
Others, xx%
The U.S. Home Furnishing Market Players by Distribution Channel