PROSPECTS AND OPPORTUNITIES
The struggles of home products specialists may not be over
Home products specialists is unlikely to see significant relief in the US in 2025, despite a more optimistic outlook for residential construction, which has historically driven growth in the channel. New house construction is projected to increase in 2025, potentially easing some of the burdens caused by the ongoing housing shortage and the expansion of the rental market.
Consumer behaviour pushes a shift towards small independent pet shops and superstores
Pet shops and superstores saw current value growth in 2024, and this is set to continue in the forecast period, reflecting significant shifts in consumer behaviour and broader market trends. Following the pet adoption surge of 2021 during lockdowns, the channel has entered a normalisation phase, yet demand remains strong, due to the enduring role pets play in US households.
New presidential administration will have a major impact on home furnishings
Players in homewares and home furnishing stores are bracing for the impact of new tariffs, which are expected to drive up prices and reshape the market dynamics. Domestic manufacturers may find themselves at an advantage as demand for US-made products rises, while imported goods will face higher costs, which could be passed directly on to consumers.
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Overview:
Understand the latest market trends and future growth opportunities for the Home Products Specialists 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 Products Specialists 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 Products Specialists 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 Products Specialists in USA?
- Which are the leading retailers in Home Products Specialists in USA?
- How is the rise of e-commerce and the expansion of modern grocery retail impacting traditional retail?
- How has the impact of COVID-19 and national lockdown impacted consumer demand?
- Which formats have benefited the most from stockpiling and enforced home seclusion?
- How will the wider economic impact of COVID-19 shape the retail landscape in the future?
- Where is future growth expected to be most dynamic?
Home Products Specialists in the US - Category analysis
KEY DATA FINDINGS
Declining sales amidst housing slump and replacement cycle
Declining sales, retail bankruptcies, and the growth of budget brands for homewares and home furnishing stores
Consolidation, restructuring, and shifts for home improvement and gardening stores
The struggles of home products specialists may not be over
Consumer behaviour pushes a shift towards small independent pet shops and superstores
New presidential administration will have a major impact on home furnishings
Retail in the US - Industry Overview
Retail in 2024: The big picture
Exceptionally high grocery prices in 2024 enter the political arena
China-affiliated competitors reset the landscape for retail e-commerce in the US
What next for retail?
Informal retail
Opening hours for physical retail
Seasonality
Christmas
Back to School
Prime Day/Christmas in July
Mother’s Day
DISCLAIMER
The following categories and subcategories are included:
Home Products Specialists
- Home Improvement and Gardening Stores
- Homewares and Home Furnishing Stores
- Pet Shops and Superstores
Home Products Specialists
The aggregation of home improvement and gardening stores, homewares and home furnishing stores, and pet shops and superstores.
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 Products Specialists research and analysis database.
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