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The US Home Furnishing Market: Size, Trends & Forecasts (2021-2025 Edition)

Published on: Apr 2021 | From USD $850 | Published By: DAEDAL RESEARCH | Number Of Pages: 70

Scope of the Report

The report entitled “The US Home Furnishing Market: Size, Trends & Forecasts (2021-2025 Edition)”, provides a detailed analysis of the US home furnishing market in terms of value, growth and segments. An analysis of the global home furnishing market has also been included in the report in order to highlight the position of the US with respect to the global market.

Furthermore, the report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall US home furnishing has also been forecasted for the period 2021-2025, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.

Bed Bath & Beyond, Inc., Williams-Sonoma Inc., Target Corporation, and Wayfair Inc. are some of the key players operating in the home furnishing market of the US, whose company profiling has been done in the report which briefs about business overview, financial summary, and business strategies of these major companies.

Company Coverage

Bed Bath & Beyond, Inc.
Williams-Sonoma Inc.
Target Corporation
Wayfair Inc

Executive Summary

The US home furnishing market can be segmented on the basis of product type and distribution channel. On the basis of product type, the market can be sub segmented into home furniture, home textiles and floor coverings. On the basis of distribution channels, the market can be bifurcated into offline (brick and mortar stores) and online.

The US home furnishing market has shown rising trends over the past few years and is expected to grow at a rapid pace over the forecasted period (2021-2025). The US home furnishing market is primarily driven by growing e-commerce and m-commerce penetration, rising personal disposable income, growing urbanization population, recovering home furnishing share of wallet, growing consumer interest towards home décor etc.

However, the market is facing some challenges such as shifting consumer trends & expectations, rising material cost, skilled labor shortage etc. Market trends such as augmented reality and virtual reality, technological advanced stores, and rising demand for luxury home furnishing is expected to propel the growth of the market in the coming years.

1. Executive Summary

2. Introduction

2.1 Introduction to Home Furnishing

2.1.1 Home Furnishing Market Value Chain
2.1.2 Home Furnishing Market Retailers
2.1.3 Home Furnishing Market Customers
2.1.4 Home Furnishing Market Workers
2.1.5 Types of Furniture Stores

2.2 Global Home Furnishing Market Overview
2.3 Home Furnishing Market Segments

3. Global Market Analysis

3.1 Global Home Furnishing Market Analysis

3.1.1 Global Home Furnishing Market by Value
3.1.2 Global Home Furnishing Market by Region (The US and Rest of the World)

4. The US Market Analysis

4.1 The US Home Furnishing Market Analysis
4.1.1 The US Home Furnishing Market by Value

4.2 The US Home Furnishing Market: Product Type Analysis

4.2.1 The US Home Furnishing Market by Product Type
4.2.2 The US Home Furniture Market by Value
4.2.3 The US Home Furniture Market by Product Type
4.2.4 The US Home Kitchen Furniture Market by Value
4.2.5 The US Home Textile Market by Value
4.2.6 The US Floor Coverings Market by Value

4.3 The US Home Furnishing Market: Distribution Channel Analysis

4.3.1 The US Home Furnishing Market by Distribution Channel
4.3.2 The US Offline Home Furnishing Market by Value
4.3.3 The US Online Home Furnishing Market by Value

5. Competitive Landscape

5.1 The US Home Furnishing Market Players Financial Comparison
5.2 The US Home Furnishing Players Positioning by Household Income
5.3 The US Furniture & Furnishings Retail Industry Landscape
5.4 The US Kitchen Furniture Market by Players

6. Company Profiles

6.1 Bed Bath & Beyond Inc.
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategy

6.2 Williams-Sonoma, Inc.
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategy

6.3 Target Corporation
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategy

6.4 Wayfair Inc.
6.4.1 Business Overview
6.4.2 Financial Overview
6.4.3 Business Strategy

List of Figures

Figure 1: Furniture Market Value Chain
Figure 2: Home Furnishing Accessories Market Value Chain
Figure 3: Types of Furniture Stores
Figure 4: Global Home Furnishing Market Top Producers, Exporters and Importers
Figure 5: Home Furnishing Market Segments
Figure 6: Global Home Furnishing Market by Value; 2017-2020 (US$ Billion)
Figure 7: Global Home Furnishing Market by Value; 2021-2025 (US$ Billion)
Figure 8: Global Home Furnishing Market by Region; 2020 (Percentage,%)
Figure 9: The US Home Furnishing Market by Value; 2016-2020 (US$ Billion)
Figure 10: The US Home Furnishing Market by Value; 2021-2025 (US$ Billion)
Figure 11: The US Home Furnishing Market by Product Type; 2020 (Percentage,%)
Figure 12 : The US Home Furniture Market by Value; 2016-2020 (US$ Billion)
Figure 13: The US Home Furniture Market by Value; 2021-2025 (US$ Billion)
Figure 14: The US Home Furniture Market by Product Type; 2020 (Percentage,%)
Figure 15: The US Home Kitchen Furniture Market by Value; 2016-2020 (US$ Billion)
Figure 16: The US Home Kitchen Furniture Market by Value; 2021-2025 (US$ Billion)
Figure 17: The US Home Textile Market by Value; 2016-2020 (US$ Billion)
Figure 18: The US Home Textile Market by Value; 2021-2025 (US$ Billion)
Figure 19: The US Floor Covering Market by Value; 2016-2020 (US$ Billion)
Figure 20: The US Floor Covering Market by Value; 2021-2025 (US$ Billion)
Figure 21: The US Home Furnishing Market by Distribution Channel; 2020 (Percentage,%)
Figure 22: The US Offline Home Furnishing Market by Value; 2017-2020 (US$ Billion)
Figure 23: The US Offline Home Furnishing Market by Value; 2021-2025 (US$ Billion)
Figure 24: The US Online Home Furnishing Market by Value; 2017-2020 (US$ Billion)
Figure 25: The US Online Home Furnishing Market by Value; 2021-2025 (US$ Billion)
Figure 26: The US Kitchen Furniture Market by Players; 2020 (Percentage, %)
Figure 27: Bed Bath & Beyond Inc. Net Sales; 2017-2021 (US$ Billion)
Figure 28: Bed Bath & Beyond Inc. Store Count; 2016-2020
Figure 29: Williams-Sonoma, Inc. Net Revenue; 2016-2020 (US$ Billion)
Figure 30: Williams-Sonoma, Inc. Retail Store Count; 2016-2020
Figure 31: Williams-Sonoma, Inc. Net Revenue by Segments; 2020 (Percentage,%)
Figure 32: Williams-Sonoma, Inc. Net Revenue by Brands; 2020 (Percentage,%)
Figure 33: Target Corporation Sales; 2016-2020 (US$ Billion)
Figure 34: Target Corporation Sales by Distribution Channel; 2020 (Percentage,%)
Figure 35: Target Corporation Sales by Product-Category; 2020 (Percentage,%)
Figure 36: Wayfair Inc. Revenue; 2016-2020 (US$ Billion)
Figure 37: Wayfair Inc. Net Revenue by Segments; 2020 (Percentage,%)
Table 1: The US Home Furnishing Market Players Financial Comparison; 2012-2019
Table 2: The US Home Furnishing PlayersÂ’ Positioning by Household Income
Table 3: The US Furniture & Furnishings Retail Industry Landscape
Table 4: Wayfair Inc. Sites and Brands

SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.

PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.

MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.

EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.

REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.

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