The US furniture market is facing a challenging period, with the mounting financial crisis and falling home sales. Moreover, growing unemployment is putting additional strain on consumer confidence. As such, a contraction of furniture demand is expected for 2008 and 2009. However, the USA remains the largest furniture consumer and importer worldwide, accounting for about one quarter of total world furniture consumption. In this respect, a number of analysts consider the current scenario to be a temporary one, with a likely recovery of the US economy in the medium-term. Indeed the US economy still has a strong foundation and the resources to overcome the crisis. The report offers: an outline of the challenges and potential of the US furniture sector; a comprehensive analysis of the household furniture sector, with specific focuses on sub segments, i.e. bedroom, dining and upholstered furniture; an outline of the other furniture segments, i.e. kitchen and office and RTA; the main furniture demand determinants including household income distribution, labour market trend and home market scenario; the US distribution system, with a focus on the main retail channels and the names of the major retailers operating in the US market; detailed profiles of the leading US furniture manufacturers.
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