A good fit: Improving economic conditions, coupled with rising housing starts, will drive growth

Over the five years to 2017 revenue for the 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. Over the five years to 2022, while competition is expected to intensify, improving economic conditions such as rising consumer confidence, disposable income and homeownership levels are anticipated to drive industry growth...read more.

Industry Statistics & Market Size
Revenue
$33bn
Annual Growth 12-17
3.3%
Forecast Growth 17-22
Profit
Employment
192,579
Businesses
31,857
What Our Customers Say

Industry Threats & Opportunities

  • Operators are experiencing heightened competition, particularly from online channels and discount retail stores
  • Home furnishing stores have experienced rising competition from external forces
  • Renewed confidence in the economy is anticipated to boost sales
  • 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 2022, industry value added (IVA), which measures the industry's contribution to the United States' gross domestic product (GDP), is forecasted to increase at an annualized rate of 0.9%, which is only slightly below GDP's annualized growth of 2.0% during the same period. While IVA growth below GDP growth usually indicates a declining industry, the decline from the Home Furnishing Stores industry is due to a shift towards lower-cost, lower-margin goods imported from overseas. 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. Add...purchase to read more.

    Additional Insights for the Home Furnishings Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Home Furnishings Stores Industry are

  • Ability to control stock on hand
  • Proximity to key markets
  • Attractive product presentation
  • IBISWorld analysts also discuss how external factors such as Per capita disposable income and Consumer Confidence Index in the Home Furnishings Stores industry impact industry performance..

    shopping_cartPURCHASE OPTIONS

    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 furnishings
  • Window coverings
  • Kitchenware and small appliances
  • Textile products
  • Furniture
  • Industry Activities
  • Retailing kitchenware
  • Retailing curtains, draperies, slipcovers, vertical and horizontal blinds
  • Retailing towels, sheets, blankets and table linens
  • Retailing decorative accessories
  • Retailing outdoor and patio furniture
  • Retailing small electric/personal care appliances
  • Retailing soft-surface floor covering
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per capita disposable income
  • Consumer Confidence Index
  • Homeownership rate
  • Housing starts
  • Percentage of services conducted online

  • Current Performance
  • Rising demand
  • External competition
  • Profit declines
  • Chart: Revenue Growth

  • Industry Outlook
  • Further recovery
  • Competition persists
  • Increasing concentration
  • Table: Home Furnishings Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Home Furnishings Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Ceramics Manufacturing
  • Glass Product Manufacturing
  • Hand Tool & Cutlery Manufacturing
  • Home Furnishing Wholesaling
  • Textile Mills

  • Products & Services
  • Decorative accessories and home furnishings
  • Other
  • Kitchenware and small appliances
  • Textile products
  • Furniture
  • Window coverings
  • Chart: Home Furnishings Stores Industry Products and Services Segmentation

  • Demand Determinants
  • Consumers
  • Homeownership
  • Online shopping and discount department stores

  • Major Markets
  • Consumers over 65 years old
  • Consumers 45 to 54 years old
  • Consumers 35 to 44 years old
  • Consumers 55 to 64 years old
  • Consumers 25 to 34 years old
  • Consumers under 25 years old
  • Chart: Major Market Segmentation for the Home Furnishings Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Marketing, depreciation and other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Home Furnishings Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Home Furnishings Stores Industry

  • Industry Globalization
    Bed Bath & Beyond Inc.HomeGoodsWilliams-Sonoma Inc.
  • Table: Bed Bath & Beyond Inc. - financial performance
  • Table: HomeGoods - financial performance
  • Table: Williams-Sonoma Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Home Furnishings Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Home Furnishings Stores Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Private spending on home improvements (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Table: Industry Financial Ratios
    Big-Box Store
  • A retail store that is differentiated by its sheer size and large range of products, including electronics, household goods and other consumer products.
  • Comparable Store Sales
  • A retail measure used to assess the true performance of retail outlets by taking out the effect of new store openings and only looking at sales growth of existing stores.
  • Domestics Merchandise
  • A term to describe everyday products used at home and generally refers to all home furnishing products.
  • One-Stop-Shop Store
  • A retails store offering a large variety of merchandise from various categories.
  • Radio Frequency Identification (Rfid)
  • A technology that tracks products from the time they leave the assembly line to the time they leave the store by releasing continuous signals from a chip.
  • Why buy this report?

    IBISWorld’s industry research report on Home Furnishings Stores contains five-year forecasts and data analysis that can help you identify and mitigate risks in potential new markets. Position yourself as an expert with internal stakeholders by using our comprehensive industry research to inform your reports, proposals and presentations. Our business information will save you money by helping you make better decisions, faster.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Home Furnishings Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Home Furnishings Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Home Furnishings Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

    Contact Us

    Want to speak to a representative? Call us.

    clear