Lewes, DE -- (SBWIRE) -- 01/22/2016 -- Report forecast the home furniture market in the US to grow at a CAGR of 5.81% during the period 2016-2020.

Home furniture includes chairs, tables, and sofas, as well as furniture for storage purposes and that offers a convenient design aesthetic. These products range from small storage boxes and tables to beds and sofas. The number of products under this segment is on the rise, with new products being introduced every year.

The report covers the present scenario and the growth prospects of the home furniture market in the US for the period 2016-2020. It considers 2015 as the base year and provides data for the following five years.

The market size was calculated from revenue generated by the vendors in this product category.
- Beds and mattresses
- Sofas and armchairs
- Entailment units
- Storage furniture
- Chairs
- Tables and desks

According to the report, growing disposable income and changing consumer purchasing patterns and preferences will also play a vital role in the growth of the market during the forecast period.

Further, the report states that the major challenge inhibiting the growth of the home furniture market in the US is the negative impact of the interest rate hike by the US central bank (the Federal Reserve System).

Home Furniture Market in the US 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the Home Furniture Market in the US: Ashley Furniture, IKEA, Berkshire Hathaway Furniture, Rooms to Go and Williams-Sonoma

Other Prominent Vendors in the market are: Bassett Furniture, Bernhardt, Best Home Furnishings, Bush Furniture, Dorel, Ethan Allen, Flexsteel, Hooker Furniture, Klaussner, La-Z-Boy, Lacquer Craft, Lexington Home Brands, Natuzzi, O'Sullivan Industries, Sauder Woodworking, Standard Furniture, and Stanley Furniture.

Market driver
- Increasing disposable income
- For a full, detailed list, view our report

Market challenge
- Negative impact of rate hike
- For a full, detailed list, view our report

Market trend
- Growing popularity of sustainable living
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?

Spanning over 63 pages and 31 Exhibit "Home Furniture Market in the US 2016 - 2020" report covers Executive summary, Scope of the report, Market research methodology, Introduction, Market Overview, Market Landscape, Market segmentation by product, Market segmentation by distribution channel, Market drivers, Impact of drivers, Market challenges, Impact of drivers and challenges, Market trends, Vendor landscape, Key vendor analysis.

Find more information Visit at: http://www.marketresearchreports.com/technavio/home-furniture-market-us-2016-2020

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