PROSPECTS AND OPPORTUNITIES
Economic pressures and housing slump to drive further decline in home furnishings
The anticipated decline in the US home furnishings sector can be attributed to several economic factors. High inflation and elevated interest rates are likely to erode consumer purchasing power, leading to reduced spending on non-essential items like furniture.
US Import tariffs pose significant challenges for domestic home furnishings industry
The imposition of new import tariffs by the US government, particularly in countries like China, Vietnam, and Indonesia upon, is expected to cause significant disruption and challenges over 2025 and beyond. The imposition of US import tariffs is likely to drive up production and import costs for furniture and related goods, since many companies rely heavily on materials and components sourced from these Asian markets.
AI-driven personalisation stands to reshape the online channel
Etsy and eBay’s adoption of AI-driven personalisation and social media-inspired shopping experiences is set to reshape the US e-commerce landscape, including home furnishings. By leveraging advanced machine learning and large-language models, these platforms aim to create a more intuitive and engaging shopping experience, much like TikTok and Pinterest.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Furnishings industry in USA with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Home Furnishings industry in USA, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
The Home Furnishings in USA report includes:
- Analysis of key supply-side and demand trends
- Detailed segmentation of international and local products
- Historic volume and value sizes, company and brand market shares
- Five year forecasts of market trends and market growth
- Robust and transparent research methodology, conducted in-country
This report answers:
- What is the market size of Home Furnishings in USA?
- Which are the leading brands in Home Furnishings in USA?
- How are products distributed in Home Furnishings in USA?
- How is the rise of e-commerce changing the retail and competitive landscape?
- Have home seclusion and social distancing measures following COVID-19 benefited sales of Home Furnishings?
- Has the economic fall-out of COVID-19 negatively or positively impacted consumer interest and demand for Home Furnishings?
- Where is future growth expected to be most dynamic?
Home Furnishings in the US - Category analysis
KEY DATA FINDINGS
Home furnishings contracts amid housing slump and shifting consumer priorities
Brand adaptation and smart innovation raises the competitive stakes in US home furnishings
Channel shifts redefines the US Home Furnishings retail landscape
Economic pressures and housing slump to drive further decline in home furnishings
US Import tariffs pose significant challenges for domestic home furnishings industry
AI-driven personalisation stands to reshape the online channel
Home and Garden in the US - Industry Overview
Home and garden in 2024: The big picture
2024 key trends
Competitive landscape
Retail developments
What next for home and garden?
DISCLAIMER
The following categories and subcategories are included:
Home Furnishings
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- Bath Textiles
- Bed Textiles
- Kitchen and Dining Textiles
- Living Room Textiles
- Rugs
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- Beds
- Chests of Drawers
- Mattresses
- Wardrobes
- Dining Furniture
- Home Office Furniture
- Kitchen Furniture
- Living Room Furniture
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- Sofa Beds
- Other Sofas
- Other Sitting Furniture
- Storage Furniture
- Other Indoor Furniture
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- Blinds
- Curtains
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- Charcoal Barbecues
- Electric Barbecues
- Gas Barbecues
- Outdoor Furniture
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- Lighting Fixtures
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- Incandescent Lamps
- Halogen Lamps
- Linear Fluorescent Lamps (LFL)
- Compact Fluorescent Lamps (CFL)
- Light-Emitting Diode Lamps (LED)
Home Furnishings
The furniture and other moveable articles in a home that are necessary or useful for comfort and convenience. Items must be new when sold to the consumer; second-hand/used home furnishings are excluded. Antiques are also excluded. Home furnishings refers to indoor living (home textiles, indoor furniture and window coverings), outdoor living (BBQ's, garden sheds and outdoor furniture) and lighting (lighting sources and light fixtures).
See all of our definitionsWhy buy this report?
- Gain competitive intelligence about market leaders
- Track key industry trends, opportunities and threats
- Inform your marketing, brand, strategy and market development, sales and supply functions
This report originates from Passport, our Home Furnishings research and analysis database.
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