Market trends in the furniture industry

Furniture retailing was negatively impacted during the recession as consumers cut back on non-essential spending, but now demand has increased. In fact, the U.S. furniture industry has outpaced the U.S. economy in recent years. While the housing market has improved and discretionary spending has increased, we will see this growth continue. By 2019, the global furniture and floor covering market is expected to reach $695 billion.

With new innovations and changing consumer preferences influencing furniture demand, several key industry trends have emerged. Read on to learn more about the key trends shaping the furniture industry.

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