Market Trends of US Upholstered Furniture Industry
Upholstered Furniture Dominates Wooden Residential Furniture in the United States
The residential wood furniture market share is dominated by reupholstered furniture. The increase in the imports and exports of luxury and comfortable wooden furniture is driving the trend of upholstered furniture. Consumer spending is on the rise, and people are changing their lifestyles. This is because of the superior quality of the furniture, the ease of customization, the cost-effectiveness of the furniture, and the growing awareness about the environment. In addition, the growth of this segment will be driven by the extended life of furniture, the enhancement of color appeal, and the improvement of comfort levels. Besides, since the upholstery industry is largely dependent on special orders, upholstered furniture manufacturers keep small inventories.
High Demand for Upholstered Furniture in United States
The United States is the world's leading importer of upholstered furniture. Imported upholstery items account for around 40% of local upholstery consumption. An increase in consumer purchasing power has led to the development of this market in leaps and bounds. Improvements in the standard of living of people and changing lifestyles are also driving the demand for such furniture in the market. An increase in building construction is also supporting the industry as new homes are built, and they have new furniture requirements, too. Attitudes and preferences toward furniture made with environmentally friendly materials are an added advantage to this market. Millennials' positive attitude towards buying furniture online and shipment costs are boosting the online sales of the furniture market in the United States. A focus on e-commerce sales includes the value of upholstery online sales, the digital strategies of leading manufacturers and a selection of furniture retailers selling online.
