US Household Furniture Demand to Rise 2.8% Annually in Nominal Terms to 2022

Gains in New Housing Completions and Residential Improvement Spending Will Drive Growth

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Nov 28, 2018, 12:30 ET

CLEVELAND, Nov. 28, 2018 /PRNewswire/ -- US demand for household furniture is forecast to rise 2.8% annually in nominal terms through 2022, according to Household Furniture: United States, a report recently released by Freedonia Focus Reports. Suppliers will benefit from continued gains in new housing completions and residential improvement expenditures. Increases in disposable personal income will support consumer purchases of premium furniture to outfit their living spaces. However, sales of used furniture, particularly via online marketplaces, will continue to impede faster gains.

More information about the report is available at:
https://www.freedoniafocusreports.com/Household-Furniture-United-States-FF20010/

Demand for upholstered indoor and outdoor furniture, the largest segment, is forecast to rise 3.3% annually through 2022. Increases in residential improvements will support sales, as consumers often purchase new upholstered furniture when renovating their homes. Ongoing expansion in residential floor space will create more opportunities for furniture placement.

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

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

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. Re-exports of household furniture are excluded from 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.

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