Research and Markets: US Furniture Market Data & Forecast to 2013.
The US Furniture Market Data & Forecast to 2013 report is the essential source for Furniture industry data and analysis covering the US, both at the top level and providing in-depth category and channel insight.
The report provides historical data and forecasts for the US Furniture Market industry in the period 2004-2013, detailed profiles and financial metrics covering the major market players, a breakdown of key recent M&A and partnership activity, and comprehensive analysis of the key factors driving the industry at consumer, market and company level.
The US furniture retail industry grew at a CAGR CAGR
See: Compound Annual Growth Rate of 2.82% for the period 2004-2008 and reached to a value of $150.7 billion in 2008. The home furniture & houseware retailers accounted 62.9% of the total furniture sales were the largest retail channels to sell furniture products in 2008. The economic slowdown in the US has put a major challenge for the housing market. It has already started affecting the new house purchases and house renovation activities. The tightening of the credit market has further fuelled the slowdown with customers getting difficulty in procuring home loans. This has a major affect on the purchase of furniture products.
Household furniture sales are closely linked to home sales and Office furniture sales are linked to growth in employment and new business developments. The housing sector in the US has witnessed slowdown in 2008. The house prices fell sharply in the US, triggering downslide down·slide
A downward course; a decline: "a growing concern among . . . board leaders about whether the economy could be headed for a downslide" Andrée Brooks. in other developed countries. It has fallen by 1.0% to 5.0% in the US in 2008. It is further stated that real estate activities also slowed in several countries, particularly in the US, Australia and UK by three percentage points of GDP GDP (guanosine diphosphate): see guanine. in 2008. This has further worsened by the tight consumer credit position and impeding recession in the US economy. This variation in housing prices has affected the consumer spending Consumer demand or consumption is also known as personal consumption expenditure. It is the largest part of aggregate demand or effective demand at the macroeconomic level. and confidence in buying furniture items. The slowdown in the US economy has increased the job losses and the employment has witnessed a dip in 2008. Consequently, the furniture retail sector in the US declined 1.9% in 2008 over 2007.
Key Topics Covered:
* US Furniture Market Analysis
* US Retail Industry Characteristics
* US Furniture Competitive Landscape
* Leading US Furniture Companies
* US Furniture Market Forecast
* US Macroeconomic mac·ro·ec·o·nom·ics
n. (used with a sing. verb)
The study of the overall aspects and workings of a national economy, such as income, output, and the interrelationship among diverse economic sectors. Indicators
* Wal-Mart Stores, Inc
* Rooms To Go Rooms To Go Incorporated is a chain of furniture stores based in the South East and Puerto Rico. It is the top-selling furniture store in the US with more than 150 showrooms. In September 2005 Cindy Crawford launched the "Cindy Crawford Home" furniture line exclusively with Rooms to Go. , Inc.
* Ashley Furniture Industries, Inc.
* Target Corporation
* Office Depot, Inc
For more information visit http://www.researchandmarkets.com/research/715088/us_furniture_marke
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|Article Type:||Industry overview|
|Date:||Mar 4, 2010|
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