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Sales expect to jump 21.7% by 2024

Time:2020-01-02 12:15:58    Share:

Based on estimates developed with Furniture Today’s Strategic Insights team and Easy Analytic Software Inc. (EASI), Furniture Today anticipates the total furniture and bedding market will exceed $139.4 billion by 2024.

This is a 21.7% growth from the current furniture and bedding market, which Furniture Today and EASI peg at $114.5 billion.

Bedding, which includes mattresses and box springs, is a close second, at a projected $20.5 billion by 2024.

Utah is slated for the fastest growth in furniture and bedding sales from 2019 to 2024, at an estimated 26.3% increase. South Dakota (25.2%) and Idaho (25.1%) rank second and third in projected total sales growth. Overall, Furniture Today and EASI anticipate that 23 states will grow their furniture and bedding sales faster than the national average over the next five years. That list of states also includes Washington state, Washington D.C., Colorado, Montana, North Dakota, Florida and Texas.