US Home Furniture and Bedding Market is estimated to be USD 28.82 Bn in 2023 and is expected to reach USD 36.82 Bn by 2028, growing at a CAGR of 5.02%.Some of the most popular interior design trends for 2023 include the return of bold color, natural stone surfaces, and closed floor plans
Market Dynamics
Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.
Market Segmentations
The US Home Furniture and Bedding Market is segmented based on Furniture Type, Bedding Components, and Distribution Channel- By Furniture Type, the market is classified into Living Room and Dining Room Furniture, Bedroom Furniture, Kitchen Furniture, Lamps and Lighting Furniture, and Plastic.
- By Bedding Components, the market is classified into Mattress, Bed Linens, Pillows, and Blankets.
- By Distribution Channel, the market is classified into Specialist Retail Stores, Supermarkets/Hypermarkets, and Online Retail Channels.
Company Profiles
The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are American Signature, Inc., IKEA, La-Z-Boy, Inc., Mattress Firm, Inc., Serta, Inc., Williams-Sonoma, Inc., etc.Competitive Quadrant
The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.Ansoff Analysis
The report presents a detailed Ansoff matrix analysis for the US Home Furniture and Bedding Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.The analyst analyses the US Home Furniture and Bedding Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.
Based on the SWOT analysis conducted on the industry and industry players, The analyst has devised suitable strategies for market growth.
Why buy this report?
- The report offers a comprehensive evaluation of the Home Furniture and Bedding Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
- The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
- The report includes an in-depth market analysis using Porter's 5 forces model, PESTLE Analysis, and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
- The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
- The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.
Report Highlights:
- A complete analysis of the market, including parent industry
- Important market dynamics and trends
- Market segmentation
- Historical, current, and projected size of the market based on value and volume
- Market shares and strategies of key players
- Recommendations to companies for strengthening their foothold in the market
Table of Contents
1 Report Description1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook
4 Market Dynamics
4.1 Drivers
4.1.1 Increasing capability of Spending Power in Home Renovation
4.1.2 Increase in Demand of Premium Bedding and Furniture for Better Lifestyle
4.1.3 Escalating Disposable Income
4.2 Restraints
4.2.1 Volatile Prices of Raw Materials
4.2.2 Last-Minute Shipping and Logistics
4.3 Opportunities
4.3.1 Upsurge in the Sale of New and Existing Residential Homes
4.3.2 Increasing the Demand for Customized Mattresses and Bed Linens
4.4 Challenges
4.4.1 Limited Space
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis
6 Home Furniture and Bedding Market, By Furniture Type
6.1 Introduction
6.2 Living Room and Dining Room Furniture
6.3 Bedroom Furniture
6.4 Kitchen Furniture
6.5 Lamps and Lighting Furniture
6.6 Plastic and Other Furniture
7 Home Furniture and Bedding Market, By Bedding Components
7.1 Introduction
7.2 Mattress
7.3 Bed Linens
7.4 Pillows
7.5 Blankets
8 Home Furniture and Bedding Market, By Distribution Channel
8.1 Introduction
8.2 Specialist Retail Stores
8.3 Supermarkets/Hypermarkets
8.4 Online Retail Channels
9 Competitive Landscape
9.1 Competitive Quadrant
9.2 Market Share Analysis
9.3 Strategic Initiatives
9.3.1 M&A and Investments
9.3.2 Partnerships and Collaborations
9.3.3 Product Developments and Improvements
10 Company Profiles
10.1 American Bedding Manufacturers, Inc.
10.2 American Home Furniture
10.3 American Signature, Inc.
10.4 Art Van Furniture, Inc.
10.5 Ashley HomeStore
10.6 Berkshire Hathaway, Inc.
10.7 Big Lots
10.8 Bob’s Discount Furniture
10.9 Euromarket Designs Inc.
10.10 Home Furniture Plus Bedding
10.11 IKEA
10.12 La-Z-Boy, Inc.
10.13 Mattress Firm, Inc.
10.14 Raymour & Flanigan
10.15 Restoration Hardware
10.16 Rooms to Go
10.17 Sealy, Inc.
10.18 Serta, Inc.
10.19 Sleep Number
10.20 Williams-Sonoma, Inc.
11 Appendix
11.1 Questionnaire
Companies Mentioned
- American Bedding Manufacturers, Inc.
- American Home Furniture
- American Signature, Inc.
- Art Van Furniture, Inc.
- Ashley HomeStore
- Berkshire Hathaway, Inc.
- Big Lots
- Bob’s Discount Furniture
- Euromarket Designs Inc.
- Home Furniture Plus Bedding
- IKEA
- La-Z-Boy, Inc.
- Mattress Firm, Inc.
- Raymour & Flanigan
- Restoration Hardware
- Rooms to Go
- Sealy, Inc.
- Serta, Inc.
- Sleep Number
- Williams-Sonoma, Inc.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 145 |
| Published | January 2023 |
| Forecast Period | 2023 - 2028 |
| Estimated Market Value ( USD | $ 28.82 Billion |
| Forecasted Market Value ( USD | $ 36.82 Billion |
| Compound Annual Growth Rate | 5.0% |
| Regions Covered | United States |
| No. of Companies Mentioned | 20 |
