Sales Of Home Furniture To Exceed US$ 290 Billion By 2031

Retail and Consumer Goods

The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Home Furniture market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Home Furniture

The report offers actionable and valuable market insights of Home Furniture. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Home Furniture Market across various industries and regions.

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Key Segments Covered

  • Product Type

    • Beds and Mattresses
    • Sofas and Armchairs
    • Entertainment Units
    • Storage Units
    • Upholstery
    • Tables and Desks
    • Dining Home Furniture
    • Kitchen Home Furniture
    • Others
  • Material Type

    • Wooden Home Furniture
    • Metal Home Furniture
    • Glass Home Furniture
    • Plastic Home Furniture
    • Others
  • Sales Channel

    • Home Furniture Sold at Retail Stores
    • Home Furniture Sold Direct to Consumers
    • Home Furniture Sold at Manufacturer Stores
    • Home Furniture Sold through e-Commerce Stores
    • Home Furniture Sold at Discount stores
    • Home Furniture Sold at Rental Stores
    • Home Furniture Sold at Club Stores
    • Home Furniture Sold at DIY Stores

Competitive Landscape

Prominent home furniture manufacturers are reliant on capacity expansion initiatives, enabling them to serve a broader customer base and enhancing manufacturing capabilities to increase output. Notable developments are as follows:

  • Ashley Furniture Industries announced plans to initiate a new manufacturing facility in Pottsville, Pennsylvania, in March 2021. The new 100,000 square feet facility will serve as a furniture production site. This latest addition augments its already existing network of 11 production facilities servicing the U.S
  • Likewise, in July 2021, La-Z-Boy Incorporated announced an investment of over US$ 30 million over a 2-year period in its Neosho, Missouri manufacturing facility, helping scale up production efficiency and shorten lead times for customers and consumers, as well as strengthening their manufacturing footprint
  • In August 2021, Flexsteel Industries Inc. announced the opening of a 4th manufacturing facility in Mexico, in Mexicali, which is expected to be the largest plant in the whole country. With this initiation, the company intends to double its volume output to US$ 1 billion over the next 5 years

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