The home furniture market is one of the more evergreen disciplines in the modern market scene. ‘Home is where the heart is, and the furniture’. Ranging from sofas, recliners, storage cabinets, beds and finely crafted tables, the home furniture industry is segregated into several profitable subsets. In the US, a choice range of home furniture can be sourced from the following industry leaders. Offering great value alongside quality, the analysts at Technavio have identified these as the top-5 in their class.
1) Ashley Furniture HomeStore
A behemoth when it comes to the home furniture industry, Ashley Furniture HomeStore is represented by 700+ stores in over 36 countries. The company is the home furnishing wing of Ashley Furniture and specializes in the design and manufacture of case goods, residential bedding, upholstered furniture and a choice assortment of living room, bedroom and dining room furniture.
In the US, Ashley Furniture HomeStore have evolved away from just being a retailer. The company has also made its presence felt in many community development programs including campaigns such as Ashley’s Angels, Ashley for the Arts, Soldiers Walk, and A Hope to Dream, all aimed at the underprivileged and less fortunate communities across the US.
2) La-Z-Boy
Based out of Michigan, USA, and a reliable name in the upholstered furniture and case goods business since 1928, La-Z-Boy specializes in recliners and stationary sofa styles. The company believes in segregating its varied production lines and thus has established the Upholstery Group, Retail Group, and the Case goods Group. Additionally, La-Z-Boy has a wide range of popular brands, including La-Z-Boy Residential, England Furniture, La-Z-Boy Kids, Lea Furniture, La-Z-Boy Hospitality, Hammary Furniture, Kincaid Furniture, and American Drew. The company sports a network of around 343 exclusive furniture galleries that brings the La-Z-Boy furniture experience to the adoring US audience.
3) IKEA
One of the premier home furniture vendors on the planet, IKEA is headquartered in the Netherlands and draws around 14% of its annual revenue from the US market. A DYI enthusiast’s dream destination, IKEA specializes in the manufacture, design and retail of self-assembled furniture, home accessories and kitchen appliances. IKEA is the umbrella brand that shelters individual specialist brands that correspond to several of the company’s frontline products and services. Herein, IKEA Industry produces wooden furniture for customers using sustainable and optimum utilization of resources. Almost all types of furniture, corresponding to the needs of an average home, can be sourced from your nearest IKEA home furniture store.
4) Williams-Sonoma
Founded in 1956, Williams-Sonoma is based a premier home furniture products vendor based in California. The company operates a number of specialist brands including, Pottery Barn, Pottery Barn Kids, Williams-Sonoma, West Elm, Williams-Sonoma Home, Rejuvenation, Mark and Graham, and PBteen. Williams-Sonoma specializes in a number of functional and ornamental products pertaining to the various sections of the house. It also provides home décor and furnishing items, including wall décor, rugs, window treatments, pillows and throws, and lighting items. As per the home furniture market in the US, the company announced a lucrative collaboration with the luxury lifestyle brand AERIN in March 2017. This high-stake collaboration will offer the customers an eclectic mix of classic as well as modern furniture.
5) Rooms To Go
When it comes to home furniture companies, few can match the level of celebrity involvement in product promotions as the Florida based Rooms To Go. Organized into its key business segments including Rooms To Go, Rooms To Go Kids & Teens, online sales, and clearance centers, the company primarily operates from its distribution centers located in Alabama, Georgia, North Carolina, Mississippi, Texas, and Louisiana.
In March 2013, Rooms To Go partnered with the popular TV actress Sofia Vergara to launch the ‘Sofia Vergara Collection’, an exclusive assortment of designs and furniture that pays homage to functionality and aesthetic value. The company has affected similar collaborations with other notable celebrities such as Cindy Crawford, Eric Church, etc.
Know thy market- Truly, the home furniture market in the US is alive and kicking with the involvement of some popular names and availability of wide product portfolios. As noted in the comprehensive market research report from Technavio, this market will see phenomenal growth with an impressive CAGR through 2017-2021. Avail the advantage, download your free sample from the links provided herein.
