U.S. – A new report by Research and Markets, “Home Furniture Market in the U.S. 2016-2020,” predicts that the U.S. home furniture market will grow with a CAGR of 5.8% during the 2016-2020 period.

The author of the report recognizes the following companies as key players in the Home Furniture Market in the US: Ashley Furniture, IKEA, Berkshire Hathaway Furniture, Rooms to Go, Bush Furniture, Dorel, Ethan Allen, Sauder Woodworking, and Stanley Furniture, among others

“The trend of eco-friendly furniture and furnishings is expected to catch on. With an increase in the number of smaller apartments, the demand for smaller, more portable multipurpose furniture has been on the rise. This trend is likely to continue during 2016-2020,” say one of the analysts who worked on the study.

Further, the report states that the major challenge inhibiting the growth of the home furniture market in the US is the negative impact of the interest rate hike by the U.S. Federal Reserve System.