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

11/28/2018

Cleveland, OH, November 28, 2018 — 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.

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.

More information about the report is available at:

https://www.freedoniafocusreports.com/Furniture-United-States-FF20016/