The US home furniture and bedding market is expected to reach

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Portland, OR, April 20, 2021 (GLOBE NEWSWIRE) – According to the report published by Allied Market Research, the American furniture and bedding industry was estimated at $ 138.18 billion in 2019 and is expected to bring in $ 183.48 billion, a CAGR of 3.07% from 2021 to 2027. The report offers an in-depth analysis of changing market trends, key segments, best pockets of investment, value chain, competitive landscape, and regional scenario.

Increased sales of new and existing residential homes, increased spending on renovations and interior design, and increased urbanization are driving growth in the US furniture and bedding market. In addition, the rapid adoption of online sales channels and growing consumer interest in home decor is fueling the growth of the market. On the other hand, the rise in the cost of raw materials is slowing the growth of the market. Conversely, the rapid growth of the retail sector and the improvement in lifestyle due to the increase in disposable income are expected to open up many opportunities for market players in the future.

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Covid-19 scenario:

  • The COVID-19 outbreak has impacted the market with the partial or complete shutdown of production facilities and the disruption of the supply chain.
  • Consumers were actively involved in home design, remodeling and remodeling during the foreclosure period. This in turn increased the demand for household furniture and bedding.
  • However, government agencies in some areas have relaxed some restrictions, which should help the market recover soon.

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The US home furniture and bedding market is segmented into product types and sales channels. On the basis of product type, the sofa segment held the highest position in terms of revenue, with more than a third of the US home furniture and bedding market in 2019. On the other hand, the segment of cabinets is expected to register the highest CAGR of 6.1% during the forecast period. Other segments studied in the report include bed, chair, and others.

Based on the sales channel, the market id divided into online and offline. The offline segment held the largest share in 2019, with more than three-fifths of the US furniture and bedding market. At the same time, the online segment is expected to exhibit the highest CAGR of 3.1% during the forecast period.

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Major market players outlined in the report include Steelcase, HNI Corporation, Herman Miller, Sleep Number Corporation, La-Z-Boy Inc., Tempur Sealy International, Inc., Serta Simmons Bedding, LLC, Sauder Woodworking Company, Ashley Furniture Industries and Hooker Furniture Corporation.

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About Us

Allied Market Research (AMR) is a full-service market research and business consulting arm of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global businesses as well as medium and small businesses with unmatched quality of “market research reports” and “business intelligence solutions”. AMR has a focused vision to provide business information and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

Pawan Kumar, CEO of Allied Market Research, leads the organization towards delivering high quality data and information. We have professional relationships with various companies which helps us extract market data which helps us generate accurate research data tables and confirm the highest accuracy in our market forecast. Each of the data presented in the reports we publish is taken from primary interviews with senior officials of the main companies in the field concerned. Our secondary data sourcing methodology includes in-depth online and offline research and discussions with industry-savvy professionals and analysts.


        
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