U.S. Home Furniture and Bedding Market Size is Rise to Reach $183,489.52 Million by 2027, Growing at CAGR of 3.7%

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U.S. Home Furniture and Bedding Market Size is Rise to Reach $183,489.52 Million by 2027, Growing at CAGR of 3.7%

U.S. Home Furnishings and Bedding Market

According to the U.S. Furniture and Bedding Industry Analysis, the U.S. Furniture and Bedding Market is segmented into product types and sales channels.

Rising residential sales and rising home improvement spending are the major factors contributing to the growth of the U.S. home furnishings and bedding market during the forecast period. “

— Roshan Deshmukh

PORTLAND, Ore., USA, July 30, 2022 /EINPresswire.com/ — According to a new report published by Allied Market Research, titled Breakdown by Product Type (Sofa, Bed, Chair, Cabinet and Other) U.S. Home Furniture and Bedding Market) and Sales Channels (Online and Offline),: Opportunity Analysis and Industry Forecast, 2021-2027. The report provides an extensive analysis of key growth strategies, drivers, opportunities, key segments, Porter’s Five Forces analysis and the competitive landscape.

The U.S. home furniture and bedding market size is expected to reach USD 183,489.52 million by 2027, growing at a CAGR of 3.07% from 2021 to 2027.

Visit full summary: https://www.alliedmarketresearch.com/us-home-furniture-and-bedding-market-A10954

Furniture is an essential part of a home, providing a convenient and aesthetically pleasing view to the living room, bedroom and kitchen. The trend of renovating and renovating homes is gaining popularity in the United States, contributing significantly to the market growth. Moreover, the increase in home improvement and decoration spending is expected to increase the market share of home furnishings and bedding in the United States during the forecast period.

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The U.S. Household Furniture and Bedding Market is segmented into product types and sales channels. Based on product type, the market is segmented into sofas, beds, chairs, cabinets, and others. According to the sales channel, it is divided into online and offline.

According to the U.S. Household Furniture and Bedding Market Analysis, by product type, the cabinet segment was valued at $11,538.66 million in 2019 and is expected to reach $18,807.68 million by 2027, growing at a CAGR of 6.05% from 2021 to 2027. Attributable to increasing consumer spending power, improved lifestyle, and introduction of innovative cabinets with elegant designs are expected to increase their demand. Also, the increased preference for smaller homes and condos due to rising land prices and rents is likely to increase the demand for custom cabinetry.

According to U.S. Home Furnishings and Bedding Market Forecasts and Trends, based on sales channel, the online segment is expected to reach USD 88,662.14 million by 2027, growing at a CAGR of 3.06%, due to increased adoption of various furniture online portals for shopping And the number of offers or discounts offered by these sites has increased, which has attracted a large number of consumers to buy home furniture through online channels. Additionally, online sales channels have increased consumer reach, so it has grown into a major source of revenue for many companies.

Request a free sample PDF of this report (flash sale, as of 20 August 2022) @https://www.alliedmarketresearch.com/request-sample/11319

In addition, the online sales market is expected to expand in the future due to the rapid adoption of e-commerce platforms by consumers and furniture manufacturing and retail companies, as well as technological improvements in online sales platforms such as chatbots, voice assistants, augmented and virtual reality, blockchain technology and unmanned machines and robots. For example, chatbots are the new virtual support service drones and robots are the next-level delivery system.

However, increasing raw material costs due to stringent laws and conditions imposed by the U.S. government under state forestry laws may hinder the growth of the U.S. home furniture and bedding market over the forecast period. Forestry Law covers all regulations related to the protection of forests and parks, Forestry Law covers all laws related to forest and park protection, reforestation activities to ensure the sustainability of the country’s lands and prevention of illegal logging activities. These laws come from federal and state sources. In addition to wood as a raw material for furniture, steel, glass, plastic, and fibers have gained considerable attention among people due to their associated advantages such as durability, better appearance, and environmental friendliness.

Players in the U.S. furniture and bedding industry have identified product launches and business expansion as their key growth strategies to increase market share, improve profitability, and remain competitive in the market.

Key market players profiled in the report include:

• Steel case
• HNI Corporation
• Herman Miller
• Sleep Number Company
• La-Z-Boy Inc.
• Tempur Sealy International Inc.
• Serta Simmons Bedding LLC
• Suntech Woodworking Company
• Ashley Furniture Industries
• Hooker Furniture Company.

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Key interests of stakeholders

○ The report provides a quantitative analysis of the current market trends, estimates and dynamics of the market size from 2019 to 2027 to identify current opportunities.
○ Porter’s Five Forces Analysis highlights the ability of buyers and suppliers to enable stakeholders to make profit-driven business decisions and strengthen their supplier-buyer networks.
○ In-depth analysis and market size and segmentation help identify current market opportunities.
○ Major countries in each region are mapped according to their revenue contribution to the market.
○ Market player positioning segmentation helps to benchmark and gain a clear understanding of the current position of market players in the U.S. furniture and bedding industry.

Reasons to Buy This U.S. Home Furnishings and Bedding Market Report:

○ Mergers and acquisitions should be carefully planned by identifying the best manufacturers.
○ Categorize new customers or potential partners into the demographic you are looking for.
○ Ideal for providing reliable and high-quality data and analysis to assist your internal and external presentations.
○ Develop tactical plans by having a better grasp of areas where large companies can intervene.
○ Develop and plan licensing and licensing strategies to increase and develop business potential and influence by finding possible partners for the most attractive projects.
○ Identify new entrants with potentially strong product portfolios and develop effective countermeasures to gain a competitive advantage.
○ Develop an effective R&D strategy to gather information, analysis and strategic insights from competitors.

Related reports:

○ Plastic furniture market is expected to reach USD 19.0753 billion by 2027
○ Children’s furniture market is expected to reach $48.9 billion by 2030

David Correa
Consolidated Analysis LLC
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