Welcome home: Greater access to credit will boost demand for home furniture and bedding

Despite a slow economic recovery, rebounding consumer confidence and housing starts have spurred purchases for home furniture and bedding retailers in recent years. While the average price of the industry's products is expected to decrease slowly, rising sales volumes have driven revenue growth for industry operators over the five-year period. Similar to the industry's low degree of revenue volatility, the industry's target markets have remained consistent. The largest market segment for home furniture and bedding retailers remains consumers aged 35 to 44. Spurred by price competition, the industry's average profit margin is forecast to fall slightly over the five years to 2021...read more.

Industry Statistics & Market Size
Revenue
$88bn
Annual Growth 11-16
2.1%
Forecast Growth 16-21
Profit
Employment
543,632
Businesses
95,035
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Industry Threats & Opportunities

  • Greater access to credit will enable more people to purchase big-ticket items like furniture
  • Vertical integration enables retailers to enjoy lower purchase costs and higher profit margins
  • Housing starts are expected to surge, benefiting industry retailers
  • Industry Report - Industry Investment Chapter

    The home furniture and bedding retailing industry operates with a low level of capital intensity. IBISWorld estimates that for every $1.00 spent on wages, the industry will allocate $0.05 to capital investment; this 2016 figures closely follows the industry's level of capital intensity in 2011. Industry operators typically invest in point-of-sale (POS) systems, small forklifts and vehicle fleets. However, labor remains the most important factor of production for home furniture and bedding retailers, with workers needed for a range of tasks including customer service and computer system maintenance.Despite the low degree of capital intensity in the industry, capital expenditures do provide efficiency advantages. Due...purchase to read more.

    Additional Insights for the The Retail Market for Home Furniture & Bedding Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the The Retail Market for Home Furniture & Bedding Industry are

  • Provision of brand name products
  • Proximity to key markets
  • Ability to control stock on hand
  • IBISWorld analysts also discuss how external factors such as Consumer Confidence Index and Housing starts in the The Retail Market for Home Furniture & Bedding industry impact industry performance..

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    What is the The Retail Market for Home Furniture & Bedding Industry?

    Companies in this industry sell living room suites, bedroom suites and bedding, sofas, tables, chairs, outdoor furniture and other furniture for household use. This report shows the size of the retail market for this product and includes sales from all major retail channels, including specialty stores, general merchandisers and internet retailers.

    Industry Products
  • Sofas, chairs and sleepers
  • Bedding
  • Bedroom furniture
  • Dining room furniture
  • Entertainment furniture
  • Home office
  • Industry Activities
  • Retailing stationary sofas/sofa-sleepers
  • Retailing bedding
  • Retailing master bedroom furniture
  • Retailing formal dining furniture
  • Retailing entertainment furniture
  • Retailing home office furniture
  • Retailing youth furniture
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Consumer Confidence Index
  • Housing starts
  • Per capita disposable income
  • Access to credit

  • Current Performance
  • Rising competition and falling prices
  • Product line and target market trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Changes in distribution channels
  • Profit and participation
  • Table: The Retail Market for Home Furniture & Bedding Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - The Retail Market for Home Furniture & Bedding Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Furniture Wholesaling
  • Household Furniture Manufacturing
  • Mattress Manufacturing

  • Products & Services
  • Sofas, chairs and sleepers
  • Other
  • Bedroom furniture
  • Bedding
  • Dining room furniture
  • Entertainment furniture
  • Home office
  • Chart: The Retail Market for Home Furniture & Bedding Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 35 to 44
  • Consumers aged 45 to 54
  • Consumers aged 55 to 64
  • Consumers aged 25 to 34
  • Consumers aged 65 and older
  • Consumers aged 24 and younger
  • Chart: Major Market Segmentation for the The Retail Market for Home Furniture & Bedding Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesRent and utilities, marketing and other
  • Chart: Cost Structure Benchmarking – Sector vs The Retail Market for Home Furniture & Bedding

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the The Retail Market for Home Furniture & Bedding Industry

  • Industry Globalization
    Wal-mart Stores Inc.Inter IKEA Systems BV
  • Table: Wal-mart Stores Inc. - financial performance
  • Table: Inter IKEA Systems BV - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the The Retail Market for Home Furniture & Bedding 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 The Retail Market for Home Furniture & Bedding Industry
    Includes:
  • Industry Revenue (2007-2021)
  • Industry Gross Product (2007-2021)
  • Establishments (2007-2021)
  • Businesses (2007-2021)
  • Employment (2007-2021)
  • Wages (2007-2021)
  • Consumer Confidence Index (2007-2021)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Brick-And-Mortar
  • A store that has a physical presence and location, as opposed to an online retailer.
  • Mobile Point-Of-Sale
  • A means by which employees can complete transactions with consumers without the need to be tied to a traditional cash register.
  • Radio Frequency Identification
  • Used in chips to track inventory movement and minimize operating costs.
  • Why buy this report?

    IBISWorld’s industry research report on The Retail Market for Home Furniture & Bedding can be used to help you understand the industry’s market size, growth potential and major companies. Five-year forecasts provide insight into the industry’s prospects, so you can make decisions with confidence. This information is perfectly suited to informing your business plans, pitch books, benchmarking and SWOT analysis.

    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 The Retail Market for Home Furniture & Bedding:
    • 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 The Retail Market for Home Furniture & Bedding 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 The Retail Market for Home Furniture & Bedding, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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