American Household Furniture Spending to Grow by 23.8% from $71.7 billion in 2003 to $88.7 billion in 2013.DUBLIN Dublin, city, Republic of Ireland Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River. , Ireland Ireland, Irish Eire (âr`ə) [to it are related the poetic Erin and perhaps the Latin Hibernia], island, 32,598 sq mi (84,429 sq km), second largest of the British Isles. -- Research and Markets (http://www.researchandmarkets.com/reports/c27143) has announced the addition of American American, river, 30 mi (48 km) long, rising in N central Calif. in the Sierra Nevada and flowing SW into the Sacramento River at Sacramento. The discovery of gold at Sutter's Mill (see Sutter, John Augustus) along the river in 1848 led to the California gold rush of Demand for Household Furniture and Trends to their offering. This book analyzes the economic and demographic forces impacting the demand for household furniture in the United States United States, officially United States of America, republic (2005 est. pop. 295,734,000), 3,539,227 sq mi (9,166,598 sq km), North America. The United States is the world's third largest country in population and the fourth largest country in area. . The study is finely segregated by product categories and geographical regions. The author of the book comes to some interesting and unexpected conclusions which need to be taken into account to gain a thorough appreciation of the present and future course of the American furniture demand. Forecasts are provided to 2013. The 2003 value of the furniture market in the United States amounted to an estimated $71.6 billion measured at retail prices. Of this, 37.8% is upholstered furniture (mainly chesterfields and matching chairs), 44.0% is wooden case-goods (mainly bedroom furniture), 12.5% is mattresses and foundations, and the remaining 5.8% is metal furniture (mainly outdoor furniture). Measured at manufacturers prices domestic household furniture sales reached an estimated $34.0 billion in 2003 or about 47.5% of the total dollars spent by U.S. households on furniture. The $37.6 billion difference between the prices received at the retail level and the prices received at the manufacturers level represents a combination of transportation costs, wages and other costs at the retail level, the retailers profit margin, plus all sales taxes sales tax, levy on the sale of goods or services, generally calculated as a percentage of the selling price, and sometimes called a purchase tax. It is usually collected in the form of an extra charge by the retailer, who remits the tax to the government. . Over the last two decades household furniture purchases increased significantly from $23.8 billion in 1983 to $71.6 billion in 2003, or more than tree times. In other words Adv. 1. in other words - otherwise stated; "in other words, we are broke" put differently , sales increased at an average annual pace of 6.1% over this period. However, growth has been much slower recently, and in 2003 growth of household furniture sales was only 2.7%. Some of the growth during the past 20 years was due to rising prices. If expressed in constant 2000-dollar terms, the increase between 1983 and 2003 was 2.6 times, that is from $ 29.0 billion to $ 75.4 billion. The number of households in the United States will grow by about 11.5% over the next decade (that is slightly less than 1.0% per year). This pace is a bit faster than the 10.2% pace for the total population. We expect real disposable disposable Nursing adjective Referring to that which is discarded or disposed of noun An item used in health care-related Pt contact which is discarded after use–eg masks, gloves, gowns, needles, paper products, syringes, wipes. See Biohazardous waste. income per household will also increase by about 12.3% (or slightly more than 1% per year) over that period. Thus total real disposable income disposable income Portion of an individual's income over which the recipient has complete discretion. To assess disposable income, it is necessary to determine total income, including not only wages and salaries, interest and dividend payments, and business profits, but also will grow by about 23.8% between 2003 and 2013. Based on these assumptions, We expect furniture spending growth to continue throughout the projection projection, in psychology: see defense mechanism. See rear-projection TV, front-projection TV and LCD panel. (theory) projection - In domain theory, a function, f, which is (a) idempotent, i.e. horizon, slowing from an annual rate averaging around 3.3% in 2005 to a rate of 2.0% from 2006 to 2008, 1.5% on 2009 and 2010, and only 1.0% from 2011 to 2013. Thus, real household furniture spending - in constant 2003 dollars - will grow by 23.8% from $71.7 billion in 2003 to $88.7 billion in 2013. For more information visit http://www.researchandmarkets.com/reports/c27143. |
|
||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion