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

11/28/2018

Cleveland, OH, November 28, 2018 — 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.

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.

More information about the report is available at:

https://www.freedoniafocusreports.com/Household-Furniture-United-States-FF20010/