consumer spending

May 5, 2025

Home Renovation Boom Fuels Luxury Furniture Market Growth

Chair consumer spending, Furniture Industry, High-End Furniture, Home Decor, home renovation, Housing Market, Interior Design, luxury furniture, Luxury Goods, Market Growth, real estate, Renovation Trends

The global luxury furniture market is experiencing significant growth, fueled by a surge in home renovations. This trend is driven by rising disposable incomes, increasing urbanization, and a growing desire for personalized and stylish living spaces. Consumers are investing heavily in high-end furniture pieces to enhance the aesthetic appeal and comfort of their homes. This demand is boosting the market for premium materials, innovative designs, and bespoke craftsmanship in the luxury furniture sector.

April 27, 2025

UK Wooden Kitchen Furniture Market Overview 2024

Bedroom consumer spending, furniture exports, Furniture Imports, Furniture Manufacturing, Global Trade, home improvement, Interior Design, kitchen cabinets, kitchen islands, kitchen renovation, Market Analysis, Market Forecast, Market Growth, Market Research, Market Size, Market Trends, Timber Market, UK Furniture Market, wooden kitchen furniture, Woodworking Industry

The UK wooden kitchen furniture market, valued at $1.1B in 2022, is projected to experience moderate growth through 2032. Factors contributing to this growth include rising disposable incomes, increasing homeownership rates, and the ongoing trend of home renovation and improvement. The market is segmented by product type, including kitchen cabinets, tables and chairs, and other wooden furniture items. Key players in the market focus on innovative designs, sustainable manufacturing processes, and utilizing high-quality materials to cater to evolving consumer preferences. While the market faces challenges such as fluctuating raw material prices and competition from alternative materials, the overall outlook remains positive.

April 15, 2025

Iconic Furniture Chain Closes Struggling Store

furniture bankruptcy, brick and mortar stores, business, christmas tree shops, competition, consumer spending, E-Commerce, economic downturn, furniture, liquidation, Online Shopping, retail, retail apocalypse, store closures, struggling retailers

Ethan Allen has closed its Paramus, New Jersey store, marking another closure for the furniture retailer. The decision comes as part of the company's overall strategy to optimize its retail footprint amidst a challenging retail landscape. While the Paramus location is shuttered, Ethan Allen emphasizes its commitment to serving customers through its nearby stores and robust online presence. The company is focusing on enhancing its digital experience and leveraging its design centers to provide personalized service and capture a broader market.

April 12, 2025

Trump Tariffs' Impact on Furniture Prices

Table China, consumer spending, Donald Trump, economy, Exports, furniture, Imports, Inflation, Manufacturing, Prices, retail, Supply Chain, Tariffs, Trade War

The Trump administration's tariffs on imported goods from China are expected to impact furniture prices, potentially leading to increases for American consumers. A significant portion of furniture sold in the U.S. is manufactured in China, making the industry particularly vulnerable to these tariffs. While some domestic manufacturers may benefit from decreased competition, retailers are anticipating price hikes to cover the increased costs, which are likely to be passed on to consumers. The extent of the impact remains uncertain, depending on factors such as the size and duration of the tariffs, and retailers' ability to absorb some of the added costs.

April 4, 2025

Tariffs Shake Retail, Hitting Best Buy and Furniture Firms Hardest

furniture Best Buy, China, consumer spending, Earnings, economy, furniture, Imports, retail, Stock Market, Tariffs, Trade War, United States

Tariffs on Chinese goods are impacting American retailers, particularly in the electronics and furniture sectors. Best Buy, along with other electronics retailers, is facing higher costs due to the tariffs on items like televisions and smartphones. Furniture companies are also significantly affected, as a large portion of their products are imported from China. These increased costs are squeezing profit margins and could lead to higher prices for consumers.

April 1, 2025

Japan's 'Oshikatsu' Trend Reshapes Consumer Spending

furniture Collectibles, consumer spending, economy, Entertainment, experiential retail, Fan Engagement, Fandom, Idols, Influencer Marketing, Japan, Japanese Culture, Marketing, Merchandise, Oshikatsu, Pop Culture, retail, Trends

Japan's "oshikatsu" trend, where fans dedicate significant time and money to supporting their favorite idols or characters, is dramatically impacting consumer spending and retail strategies. This fervent fandom fuels demand for specialized merchandise, exclusive events, and voting campaigns, pushing retailers to develop innovative products and experiences to cater to these dedicated fans. From limited-edition collaborations to interactive pop-up stores and online streaming events, businesses are adapting to capitalize on the oshikatsu phenomenon and the lucrative opportunities it presents.

March 13, 2025

Wardrobe Market Projected Growth and Key Drivers, 2025-2034

Table 2025, 2034, Commercial Furniture, consumer spending, Custom Wardrobes, Furniture Market, Hinged Door Wardrobes, Home Decor, Home Furnishings, Interior Design, Market Analysis, Market Forecast, Market Growth, Market Projections, Market Size, Market Trends, Modular Wardrobes, Residential Furniture, Sliding Door Wardrobes, Walk-in Wardrobes, Wardrobe Market

The global wardrobe market is poised for significant growth between 2025 and 2034, driven by factors like rising disposable incomes, rapid urbanization, and evolving consumer lifestyles. Increasing demand for organized storage solutions, coupled with the growing popularity of customized and aesthetically pleasing wardrobes, is expected to fuel market expansion. Additionally, the thriving real estate and interior design sectors further contribute to this projected growth. Innovation in materials, designs, and functionalities, such as sliding doors and modular systems, also plays a crucial role in attracting consumers and boosting market revenue.

March 11, 2025

Household Furniture and Kitchen Cabinet Market Forecast

Bedroom Asia Pacific, Commercial Furniture, consumer spending, Custom Cabinets, Europe, Furniture Industry, home improvement, Household Furniture, Industry Analysis, Industry Trends, Kitchen Cabinet Industry, kitchen cabinets, Laminate Cabinets, Latin America, Market Analysis, Market Forecast, Market Growth, Market Insights, Market Research, Market Share, Market Size, Market Trends, Metal Cabinets, Middle East & Africa, Modular Cabinets, North America, Ready-to-Assemble Cabinets, Residential Furniture, Wood Cabinets

The global household furniture and kitchen cabinet market is expected to witness significant growth from 2023 to 2028, driven by rising disposable incomes, rapid urbanization, and evolving consumer preferences towards modern and functional furniture. Key market segments include living room, bedroom, and dining room furniture, along with modular and custom kitchen cabinets. The market is further segmented by material type, including wood, metal, plastic, and others, catering to diverse consumer needs and aesthetic preferences. Growth is anticipated across various regions, with increasing demand observed in both developed and developing economies.

February 20, 2025

China's Furniture Market Poised for Growth Amidst Urbanization

Office Asia Pacific Market, China, Chinese Economy, consumer spending, Economic Growth, Furniture Industry, Furniture Market, Home Furnishings, Interior Design, Market Analysis, Market Expansion, Market Research, Market Trends, real estate, Urbanization

Driven by rapid urbanization and a burgeoning middle class, China's furniture market is poised for significant expansion. Rising disposable incomes, coupled with increasing demand for aesthetically pleasing and functional living spaces, are key factors fueling this growth. The report also highlights the expanding real estate sector and the growing popularity of e-commerce platforms as contributing to the positive market outlook for furniture in China.

February 10, 2025

Shifting Consumer Trends May Spook Investors by 2025

Table 2025 predictions, Consumer Confidence, consumer spending, Consumer Trends, Discretionary Spending, E-Commerce, Economic Growth, Economic Outlook, Financial Markets, Household Debt, Inflation, Interest Rates, Investing, Market Volatility, retail, Savings Rate, Stock Market

Several significant consumer trends are projected to reshape the market landscape by 2025, potentially unsettling investors. A shift towards value-based purchasing, driven by economic uncertainty and inflation, is anticipated. Simultaneously, growing demand for personalized experiences and a heightened focus on sustainability are expected to complicate the landscape for businesses. These converging trends could create a challenging environment for companies struggling to adapt, leading to market volatility and potentially impacting investor returns.