Market Trends of United States Furniture Industry
This section covers the major market trends shaping the US Furniture Market according to our research experts:
Home Furniture Segment is Driving the Market
The demand for home furniture has increased in past few years at rapid pace, driven by growth in the landscaping market in the United States. Home furniture includes objects such as tables, chairs, beds, desks, backpacks, dressers, and cupboards. Consumers' purchase decisions for home furniture are largely influenced by their changing lifestyles. With the rapid urbanization and improved standards of living, the need for furniture has increased considerably over the last few years. There has been a significant rise in the number of women joining the workforce and living independently. As a result, there is a rising need for service apartments and single storey houses.
Increasing Disposable Income is Driving the Market
Disposable income is the net income available to invest, save, or spend after deducting income taxes. Continued growth in building construction and rising disposable income levels have boosted the demand for furniture in the United States in recent years. With the increasing number of consumers shifting their preference towards quality and stylish furniture products due to higher disposable income and better lifestyle requirement, the furniture market in the United States is expected to witness a stronger growth in terms of domestic furniture sales and international furniture exports.
