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Home Furnishings Stores in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Home Furnishings Stores Market Research Report | NAICS 44229 | Mar 2014

Harvest table: Rising per capita disposable income and growing homeownership will boost revenue

IBISWorld’s Home Furnishings Stores market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Industry Statistics & Market Size
Revenue
$30bn
Annual Growth 09-14
1.9%
Annual Growth 14-19
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Profit
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Employment
181,116
Businesses
25,976
Industry Analysis & Industry Trends

In the five years to 2014, the Home Furnishing Stores industry began to recover from the housing market collapse and recession. Declining per capita disposable income, falling consumer confidence and the collapse of the domestic housing market negatively affected revenue for industry operators. Moreover, the industry's decline was perpetuated by heightened internal and external competition, which further decreased industry profitability. Over the five years to 2019, however, the industry will experience better results. This is because continued economic improvements will likely boost overall consumer spending, encouraging increased consumption of home furnishing products. In addition, surges in home ownership levels are projected to drive demand further... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Home Furnishing Stores industry is in the mature stage of its life cycle. Over the 10 years to 2019, industry value added, which measures the industry's contribution to GDP, is forecasted to increase at an annualized rate of 2.8%, which is similar to GDP's growth of 2.7% per year over the same 10-year period. Growth so close to GDP growth is usually a sign of a mature industry. In general, demand for home furnishings relies on macroeconomic factors such as income levels and the state of the housing markets. Consequently, industry performance typically reflects the overall economic trend.

Both the recession and a severe reduction in household expenditure have resulted in lost revenue for many home-furnishing stores... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Home Furnishings Stores Industry?

Operators in this industry retail a range of home furnishing goods, including curtains, draperies, blinds, shades, kitchenware, outdoor furniture, home and personal care appliances, floor coverings and decorative accessories. Merchandise is purchased from manufacturers and wholesalers and then sold to the public. Retailers that operate primarily as furniture stores, flooring stores, or electronic shopping and mail-order houses are not included in this industry.

Industry Products
Kitchen and cookwareWindow coveringsTextile productsDecorative accessories and seasonal decorationsFurnitureOther furnishings
 
Industry Activities
Retailing kitchenwareRetailing curtains, draperies, slipcovers, vertical and horizontal blindsRetailing towels, sheets, blankets and table linensRetailing decorative accessoriesRetailing outdoor and patio furnitureRetailing small electric/personal care appliances Retailing soft-surface floor covering


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