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Furniture Stores in the US: Market Research Report

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

Furniture Stores Market Research Report | NAICS 44211 | Jan 2017

Accent furniture: Demand for furniture is expected to rise as consumer sentiment strengthens

IBISWorld’s Furniture Stores market research report provides the latest industry statistics and industry trends, allowing you to identify the products and customers driving revenue growth and profitability. The industry report identifies the leading companies and offers strategic industry analysis of the key factors influencing the market.

Report Snapshot
Industry Statistics & Market Size
Revenue
$60bn
Annual Growth 11-16
2.7%
Annual Growth 16-21
Annual Growth
Profit
Profit
Employment
223,734
Businesses
39,003
Industry Threats & Opportunities
  • The industry is highly fragmented, with no one company controlling a commanding market share
  • Many industry operators were forced to lower prices to compete with e-tailers and big-box stores
  • Consumers are likely to resume purchases of furniture as the economy  strengthens
  • ... purchase to read more

Industry Analysis & Industry Trends

Changes in disposable income, consumer sentiment and the rate of homeownership are major growth drivers for the Furniture Stores industry. Ultimately, a huge rise in consumer confidence has helped the industry experience growth, but uneven performance in these drivers has led to slightly constrained revenue growth for the Furniture Stores industry. IBISWorld anticipates revenue for the Furniture Stores industry will increase over the next five years as consumer sentiment strengthens. Rising demand for furniture, as a result of increasing disposable income and consumer sentiment, will result in revenue growth, but profit margins will stagnate as furniture stores keep prices low to attract more sales amid growing competition... ... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Furniture Stores industry is in the mature phase of its life cycle because of its market acceptance, product saturation, low rate of technological change and slow growth. Despite external competition, consumers have generally accepted furniture stores as the main source for purchasing furniture because they are able to offer a wide selection and range of quality and, most importantly, the opportunity to test a product before purchase. As people purchase houses, they tend to purchase items for decoration, home utility and cooking. Therefore, as long as people continue to purchase and live in homes, they will continue to need industry merchandise. In addition, product lifespan for the industry is between five and 10 years, so replacement purchases are frequently needed. The.. ... purchase to read more

Additional Insights for the Furniture Stores Industry

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

  • Experienced workforce
  • Attractive product presentation
  • Production of goods currently favored by the market
  • IBISWorld analysts also discuss how external factors such as Consumer Confidence Index and Per capita disposable income in the Furniture Stores industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Furniture Stores Industry?

    Operators in this industry primarily sell household, outdoor and office furniture, except those sold in combination with office supplies and equipment. This industry predominantly markets and retails living room, dining room and bedroom furniture, upholstered and otherwise. Desks and home office goods, lamps, recliners, rugs and outdoor furniture make up the rest of sales.

    Industry Products
    Living room furnitureDining room furnitureBedroom furnitureOther furniture
     
    Industry Activities
    Retailing household furnitureRetailing outdoor furniture Retailing office furniture


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Consumer Confidence Index
  • Per capita disposable income
  • Homeownership rate
  • Demand from warehouse clubs and supercenters
  • Price of sawmill lumber
  • Current Performance
  • Mixed performance from demand drivers
  • External competition grows
  • Profit trends
  • A proliferation of business models
  • Chart: Revenue Growth
  • Industry Outlook
  • Mixed performance from demand drivers
  • External competition grows
  • Table: Furniture Stores Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Furniture Stores Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Property Management
  • Interior Designers
  • Hotels & Motels
  • Casino Hotels
  • Consumers
  • Key Selling Industries
  • Carpet Mills
  • Furniture Wholesaling
  • Household Furniture Manufacturing
  • Mattress Manufacturing
  • Office Furniture Manufacturing
  • Products & Services
  • Living room furniture
  • Bedroom furniture
  • Other furniture
  • Dining room furniture
  • Chart: Furniture Stores 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 24 and younger
  • Consumers aged 65 and older
  • Businesses and other
  • Chart: Major Market Segmentation for the Furniture Stores Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent, utilities and depreciation
  • Marketing and other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Furniture Stores
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Furniture Stores Industry
  • Industry Globalization
    Major Companies
    Inter IKEA Systems BV
    Ashley Furniture Industries Inc.
  • Table: Inter IKEA Systems BV - financial performance
  • Table: Ashley Furniture Industries Inc. - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Furniture Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Furniture Stores 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
  • Table: Industry Financial Ratios
  • Jargon & Glossary
    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.
  • Brick And Mortar
  • A store that has a physical presence and location, opposed to an online retailer.
  • Electronic Data Interchange
  • The transmission of electronic documents between businesses from one computer system to another.
  • Upholstered Furniture
  • Furniture with leather or fabric covers, springs, webbing or padding, primarily in the form of chairs and sofas.

  • Why Buy this Report?
    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 Furniture 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 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 Furniture 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 Furniture Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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