Home Furniture Market to Grow Over $ 8 Billion in the US During 2020-2024 | Technavio – Business Wire

LONDON--(BUSINESS WIRE)--Technavio has been monitoring the home furniture market in the US and it is poised to grow by USD 8.08 billion during 2020-2024, progressing at a CAGR of over 2% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.

For a More Detailed Analysis, Get a Free Sample Report Delivered Instantly

Impact of COVID-19

The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the home furniture market. The market growth in 2020 is likely to decrease compared to the market growth in 2019.

Frequently Asked Questions:

Related Reports on Consumer Discretionary Include:

Global Ready To Assemble Furniture Market - Global ready to assemble furniture market is segmented by product (home and office), distribution channel (offline and online), and geography (APAC, North America, Europe, South America, and MEA). Click Here to Get an Exclusive Free Sample Report

Global Luxury Furniture Market - Global luxury furniture market is segmented by distribution channel (offline and online), application (residential and commercial), and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report

Develop Smart Strategies for Your Business: Get a Free Sample Report Now!

The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. Ashley Furniture Industries Inc., Inter IKEA Holding BV, Klaussner Home Furnishings, LaZBoy Inc., Pier 1 Imports Inc., Raymour & Flanigan Furniture, Restoration Hardware Inc., Roomstogo.com Inc., Steinhoff International Holdings NV, and Williams-Sonoma Inc. are some of the major market participants. Although the growing real estate industry will offer immense growth opportunities, the inherent threat from the re-used furniture market is likely to pose a challenge for the market vendors. In a bid to help players strengthen their market foothold, this home furniture market in US forecast report provides a detailed analysis of the leading market vendors. The report also empowers industry honchos with information on the competitive landscape and insights into the different product offerings offered by various companies.

Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations.

Home Furniture Market in US 2020-2024: Segmentation

Home Furniture Market in the US is segmented as below:

Give Your Business a Head Start for 2021: Download Our Free Sample Report

Home Furniture Market in US 2020-2024: Scope

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The home furniture market in us report covers the following areas:

This study identifies increased online sales as one of the prime reasons driving the Home Furniture Market growth in the US during the next few years.

Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Technavios in-depth research has direct and indirect COVID-19 impacted market research reports.

Subscribe to World-Class Market Intelligence and gain instant access to 17,000+ market research reports and connect with expert analysts

Home Furniture Market in US 2020-2024: Key Highlights

Table of Contents:

Executive Summary

Market Landscape

Market Sizing

Five Forces Analysis

Market Segmentation by Product

Market Segmentation by Distribution channel

Customer landscape

Vendor Landscape

Vendor Analysis

Appendix

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

See the original post here:
Home Furniture Market to Grow Over $ 8 Billion in the US During 2020-2024 | Technavio - Business Wire