Retail sales of furniture and bedding, estimated at $71.9 billion in 2009, is predicted to increase 14.0% by 2014 and reach $82 billion, according to statisticians at Easy Analytic Software, Inc., based in New York.This five-year projected growth is welcomed good news on the heels of 2009, where total consumer spending for furniture and bedding decreased 8.8% from 2008. (The 2009 and 2008 figures are Furniture/Today market research estimates based on figures from the U.S. Department of Commerce and adjusted to exclude contract furniture and certain other non-residential furniture product categories.)
The fastest-growing areas
The Western and Southern regions of the U.S. will be the fastest-growing regions in terms of furniture and bedding sales over the next five years, based on predicted changes in population. The West is expected to grow its sales by 16.5%, while the South will grow by an estimated 16.3%.Twenty states, 12 in the West and eight in the South, are expected to grow faster than the national rate of 14.0%. No states within the Northeast or Midwest are slated to grow as fast as the nation as a whole.This exclusive furniture and bedding sales data originally printed in Furniture/Today’s Retail Planning Guide, the December 28, 2009, issue. A pdf version of the report is available by clicking here.
Additional reports available
Product Potential Reports on 24 individual product categories are also available. Each report provides estimated 2009 sales and projected 2014 sales figures for 939 metropolitan areas and 50 states.
Also available is the 2009 eBook, an interactive pdf, providing 2009 retail sales data for the total furniture and bedding market, as well as sales data for 24 individual product categories by all 50 states, 939 metro markets and 3,141 counties.
The 2009 eBook also provides 2009 population, income and housing data for each state, metro market and county. Armed with this information, retailers can calculate their own share of market in their trading area.
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