US Household Furniture Demand to Reach $34.9 Billion in 2021

Mar 20, 2017 | Markets | 0 comments

U.S. – Household furniture demand in the US is forecast to reach USD 34.9 billion in 2021, according to Household Furniture: United States, a report recently released by Freedonia Focus Reports

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Robust improvements in the residential housing market are expected to spur sales of household furniture. Increases in disposable personal income will support consumer spending on premium products within this market.

Competition from imports will continue to challenge the industry. However, economic growth in the US and many export markets will support consumer purchases of the high-end and custom pieces that many US producers specialize in.

Demand in the leading product segment – upholstered household furniture – is projected to total USD 17.4 billion in 2021. Growth in residential improvement activity will support sales, as many consumers purchase new upholstered furniture when updating their living spaces.

This report forecasts US household furniture demand and shipments in US dollars at the manufacturers’ level to 2021. Total demand and shipments are segmented by product in terms of: upholstered, non-upholstered wood and other household furniture such as metal and rattan.

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