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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 | Apr 2016

Well decorated: Improving economic conditions will drive industry growth

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
$33bn
Annual Growth 11-16
3.2%
Annual Growth 16-21
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Profit
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Employment
204,996
Businesses
24,419
Industry Analysis & Industry Trends

Over the past five years, revenue for the Home Furinshings Stores industry is expected to rise as increasing disposable income and the strengthening housing market encourage consumers to release pent-up demand for new home furnishing products. In the coming years, while competition is expected to intensify, improving economic conditions, such as rising consumer confidence, disposable income and homeownership levels, are anticipated to drive the industry's growth... 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 2021, industry value added (IVA), which measures the industry's contribution to GDP, is forecasted to increase at an annualized rate of 3.3%, which is above GDP's growth of 2.2% per year over the same 10-year period. While IVA growth above GDP growth usually indicates a growing industry, such rapid growth from the Home Furnishing Stores industry is due to a recovery from low profit margins during and shortly after the economic recession. 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... 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
Decorative accessories and home furnishingsWindow coveringsKitchenware and small appliancesTextile productsFurniture
 
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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