Sales by volume for upholstered furniture grew 4% year-on-year , largely driven by a 44% surge in demand for corner sofas.
In 2013, the furniture industry experienced its fourth consecutive year of growth, driven by a recovering housing market and a shift toward value-oriented and functional designs. Total consumer spending on furniture and bedding was projected to reach approximately , a 4.3% increase from the previous year. Key Consumer Segments & Behavior furniture buying trends 2013
Despite growth, about 34% of consumers postponed furniture purchases in 2013 due to lower household income, while 33% waited for sales. Trending Product Categories Sales by volume for upholstered furniture grew 4%
Retailers like Art Van Furniture saw growth by targeting mid-to-upper-middle-income shoppers ready to spend discretionary dollars on "step-up" luxury goods. Key Consumer Segments & Behavior Despite growth, about
Identified as prime "master bedroom" prospects, this generation of roughly 65 million people began heavily designing their own personal spaces in 2013.