US Furniture Demand to Advance 2.6% Yearly in Nominal Terms to 2022

Strong Growth in Construction Activity Will Drive Advances

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Dec 03, 2018, 13:17 ET

CLEVELAND, Dec. 3, 2018 /PRNewswire/ -- US demand for furniture is forecast to advance 2.6% yearly in nominal terms through 2022, according to Furniture: United States, a report recently released by Freedonia Focus Reports. Robust expansion of residential and nonresidential building construction activity and continuing economic growth will drive gains across segments. In addition, new architectural trends and shifts in consumer taste will support replacement purchases. However, sales of used furniture will continue to impede further gains.

More information about the report is available at:
https://www.freedoniafocusreports.com/Furniture-United-States-FF20016/

These and other key insights are featured in Furniture: United States. This report forecasts to 2022 US furniture demand and shipments in nominal US dollars at the manufacturer level. Total demand is segmented by product in terms of:

household
institutional
office

Household furniture demand is further segmented by type as follows:

upholstered indoor and outdoor
indoor wood and metal
outdoor wood and metal
plastic and other furniture types such as cane, rattan, and rubber

Office furniture demand is further segmented by type as follows:

seating
storage and tables
desks
other office furniture, such as bookcases, credenzas, modular workstations, and overhead bins for office systems

To illustrate historical trends, total demand, total shipments, the various segments, and trade are provided in annual series from 2007 to 2017.

Sales of mattresses and box springs are excluded from the scope of this report. Custom architectural and woodwork are excluded, as are partitions, shelving, showcases, and stands. Establishments exclusively manufacturing furniture parts are excluded. Re-exports of furniture are excluded from demand and trade figures.

About Freedonia Focus Reports
Each month, The Freedonia Group – a division of MarketResearch.com – publishes over 20 new or updated Freedonia Focus Reports, providing fresh, unbiased analysis on a wide variety of markets and industries. Published in 20-30 pages, Focus Report coverage ranges from raw materials to finished manufactured goods and related services such as freight and construction. Additional Consumer Goods reports can be purchased at Freedonia Focus Reports or MarketResearch.com.

Analysis is intended to guide the busy reader through pertinent topics in rapid succession, including: