Scope of the Report
The report entitled “The United States Home Furnishing Market: Size, Trends & Forecasts (2016-2020)”, provides analysis of the United States home furnishing market, with detailed analysis of market size and growth, market share and economic impact of the industry. The analysis includes the market by value, by number of stores, by channel of sales and by segments.
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 United States home furnishing has also been forecasted for the period 2016-2020, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Target Corporation, Bed Bath & Beyond, Inc. and Home Depot, Inc. are some of the key players (retailers) operating in the home furnishing market of the United States, whose company profiling has been done in the report. In this segment of the report, business overview, financial overview and business strategies of the companies are provided.
- Target Corporation
- Bed Bath & Beyond, Inc.
- Home Depot, Inc.
The home furnishings industry includes manufacturers of furniture, upholstery, carpets, wall coverings, and bedding, as well as soft home furnishings, such as bedspreads and other bed-related items, linens, tablecloths, and candles.
The home furnishings industry is cyclical, rising and falling with unemployment, interest rates, and other economic indicators. The furniture market dominates the industry. Furniture manufacturers see their businesses move along with interest rates and the housing market.
Cash flow of companies is seasonal, with higher sales in third and fourth quarters. Transactions are by cash or credit card, so accounts receivable are low. Gross margins are typically 40% to 45% of net sales. The industry is unregulated except for standard state and federal regulations against deceptive sales practices and laws that regulate the use of credit financing.
The US home furnishing market can be broadly segmented into Furniture; Small Electric Appliances; China Glassware, Tableware & Utensils; and Household Linens. The Furniture segment can be further segmented into furniture; clock, lamps, others; carpet and floor coverings; and window coverings. The China Glassware, Tableware and Utensils can be further segmented into dishes and flatware; and non electric cookware and tableware.
The United States home furnishing market has increased with a healthy growth rate over the years and is expected to increase further during the forecasted period (2016-2020). The home furnishing market is supported by various growth drivers, such as favorable demographics of the United States, Omni-channel Approach, increasing e-commerce and m-commerce penetration, etc. Yet, the market faces certain challenges, such as low home furnishing share of wallet, widening gap between PPI and CPI, etc.
1. Executive Summary
2.1 Introduction to Home Furnishing
2.1.1 Home Furnishing Market Segments
2.1.2 Home Furnishing Market Retailers
2.1.3 Home Furnishing Market Customers
2.1.4 Home Furnishing Market Workers
2.2 Global Home Furnishing Market Overview
2.3 United States Home Furnishing Market Segmentation
3. Market Analysis
3.1 US Home Furnishing Market by Value
3.2 US Home Furnishing Market by Segments: An Analysis
3.2.1 US Home Furnishing Market by Segments
3.2.2 US Home Furnishing Furniture Segment by Sub Segments
3.3 US Home Furnishing Market by Online Channel
3.4 US Home Furnishing Market by Stores: An Analysis
3.4.1 US Home Furnishing Market by Share of Stores
3.4.2 US Home Furnishing Market by Number of Stores
3.5 US Home Furnishing Market Sales by Channel
4. Market Dynamics
4.1 Growth Drivers
4.1.1 Favorable Demographics
4.1.2 Growing e-Commerce and m-Commerce Penetration
4.1.3 Omni-Channel Approach
4.1.4 Improving Housing Spend Per Occupied Housing
4.2.1 Widening Gap Between CPI and PPI
4.2.2 Home Furnishing Share of Wallet
4.3 Market Trends
4.3.1 Furniture and Bedding Spending by Generations
4.3.2 Millennial House Ownership
5. Competitive Landscape
5.1 Home Furnishing Market Share by Players
5.2 Home Furnishing Market Fastest Growing Players
5.3 Home Furnishing Market by Online Retailers
6. Company Profiling
6.1 Target Corporation
6.1.1 Business Overview
6.1.2 Financial Overview
6.1.3 Business Strategy
6.2 Home Depot, Inc.
6.2.1 Business Overview
6.2.2 Financial Overview
6.2.3 Business Strategy
6.3 Bed Bath & Beyond, Inc.
6.3.1 Business Overview
6.3.2 Financial Overview
6.3.3 Business Strategy
Figure 1: Furniture Market Value Chain
Figure 2: Home Furnishing Accessories Market Value Chain
Figure 3: Global Home Furnishing Market Top Producers, Exporters and Importers
Figure 4: United States Home Furnishing Market Segmentation
Figure 5: US Home Furnishing Market by Value; 2007-2015 (US$ Billion)
Figure 6: US Home Furnishing Market by Value; 2016-2020 (US$ Billion)
Figure 7: US Home Furnishing Market by Segments; 2014
Figure 8: US Home Furnishing Furniture Segment by Sub Segments; 2014 (US$ Million)
Figure 9: US Home Furnishing Market by Online Channel; 2014-2020
Figure 10: US Home Furnishing Market by Share of Stores; 2007-2014
Figure 11: US Home Furnishing Market by Number of Store; 2008-2013 (‘000)
Figure 12: US Home Furnishing Market Sales by Channel; 2008-2013
Figure 13: US Population by Age Group (Million); 2014
Figure 14: United States e-Commerce and m-Commerce Penetration; 4Q10-4Q15
Figure 15: US Real Home Furnishing Spend Per Occupied Housing Unit; 1Q90-1Q15 (US$)
Figure 16: US Home Furnishing CPI and PPI; 2013-2015
Figure 17: US Home Furnishing Share of Wallet; 2007-2014
Figure 18: US Furniture and Bedding Spending by Generations; 2012-2014 (US$ Billion)
Figure19: Millennial House Ownership; 2008-2014
Figure 20: US Home Furnishing Market Share by Players (Retailers); 2011 & 2013
Figure 21: US Home Furnishing Market Players (Retailers) by Growth Rate; 2014
Figure 22: Target Net Sales; 2011-2015 (US$ Billion)
Figure 23: Target Net Sales by Segments; 2015
Figure 24: Home Depot Net Sales; 2012-2016 (US$ Billion)3
Figure 25: Home Depot Net Sales by Segments; 2016
Figure 26: Bed Bath & Beyond Net Sales; 2011-2015 (US$ Billion)
Figure 27: Bed Bath & Beyond Net Sales by Segments; 2015
Table 1: US Home Furnishing Market by Online Retailers