The home furniture market in US is expected to grow by USD 8.08 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the home furniture market in US in optimistic, probable, and pessimistic forecast scenarios.
Enterprises will go through the Response, Recovery, and Renew phases.
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The home furniture market in US will witness a negative impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavio’s pandemic-focused market research, market growth decreased in 2020 as compared to 2019.
With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis towards the Next Normal.
This post-pandemic business planning research will aid clients to:
- Adjust their strategic planning to move ahead once business stability kicks in.
- Build Resilience by making effective resource and investment choices for individual business units, products, and service lines.
- Conceptualize scenario-based planning to mitigate future crisis situations.
Download the Post-Pandemic Business Planning Structure
Key Considerations for Market Forecast:
- Impact of lockdowns, supply chain disruptions, demand destruction, and change in customer behavior
- Optimistic, probable, and pessimistic scenarios for all markets as the impact of pandemic unfolds
- Pre- as well as post-COVID-19 market estimates
- Quarterly impact analysis and updates on market estimates
Related Report on Consumer Discretionary:
Global Furniture Market – Global furniture market is segmented by product (home, office, and others) and geography (APAC, Europe, North America, South America, and MEA).
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Global Luxury Furniture Market – Global luxury furniture market is segmented by distribution channel (offline and online), application (residential and commercial), and geography (APAC, Europe, MEA, North America, and South America).
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Major Three Home Furniture Market In US Participants:
Ashley Furniture Industries Inc.
Ashley Furniture Industries Inc. operates its business through segments such as Furniture, Mattresses, Outdoor, Bedding, Home Decor, Rugs, and Lighting. The company offers living room, kitchen, bedroom, and other furniture.
Inter IKEA Holding BV
Inter IKEA Holding BV offers a wide range of living room, kitchen, bedroom, and other furniture.
Klaussner Home Furnishings
Klaussner Home Furnishings operates its business through the Unified segment. The company offers sleepers, leather sofas, and other home furnishing products.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get a detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/home-furniture-market-in-us-industry-analysis
Home Furniture Market In US 2020-2024: Segmentation
Home furniture market in US is segmented as below:
- Living Room Furniture
- Bedroom Furniture
- Storage Furniture
- Distribution Channel
- Brick And Mortar
- Online Mode
The home furniture market in US is driven by the growing real estate industry. In addition, other factors such as increased online sales are expected to trigger the home furniture market in us toward witnessing a CAGR of over 2% during the forecast period.
Get more insights about the global trends impacting the future of the home furniture market in the US, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR44284
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Competitive scenario
Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.
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