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Top Challenges and Solutions for Furniture Manufacturers

Furniture manufacturers in California and abroad need to be aware of emerging trends that are shaping a new furniture industry landscape in order to take advantage of these changes. Fundamental shifts in U.S. consumers’ buying preferences due to changing lifestyles can pose new challenges for furniture manufacturers, but can also open doors to new opportunities for those willing to adapt. By understanding these changing industry trends, furniture manufacturers can capitalize on behavioral changes to pose their business for success. To get more news about wholesale furniture, you can visit beour.com official website.

The global furniture manufacturing industry has revenue of nearly $400 billion annually as per the World Furniture Confederation. In particular, US furniture manufacturing involves over 20,000 firms, with annual profits reaching around $60 billion. Top furniture manufacturing companies in America include La-Z-Boy, Sealy and Herman Miller, Heritage Home, Steelcase, and HNI.

The furniture manufacturing industry involves a wide array of furniture for personal, household, and public use in hospitals, theaters, cafeterias, schools, and other facilities. Furniture is typically made on a stock or custom basis and may be sold assembled or unassembled.Currently, over 44 million people, or 35.9% of U.S. households, rent their homes. Rising home prices, apprehension in the wake of the housing bubble bursting, rising student debts, and the delay of millennials in getting married and starting their own families, are some of the reasons owning a home is not a priority for some Americans. Additionally, the US rent-to-own industry - worth about $8.5 billion annually - is increasingly growing among consumers.

The bulk of the furniture market is composed of millennials, generation X, baby boomers, and seniors. With lower disposable income and higher levels of debt, millennials tend to delay the decision to start a household — which poses a potential problem for targeting that demographic because furniture and bedding account for just 4.5% of millennials’ total spending, compared to 7.3% for Gen X and 10% for baby boomers.

The Gen X group, which tends to be more affluent and represents 30% of the market, has different tastes or needs when it comes to furniture and buying preferences. The baby boomers and seniors are the settled consumers who represented 29% and 4% of the market, respectively.
Heightened unemployment and decreasing consumer spending as a result of the COVID-19 pandemic have curbed discretionary purchases, such as new furniture, and have negatively affected demand. In addition, income constraints are expected to amplify price-based competition between domestic operators and foreign import substitutes, contributing to industry consolidation. The revenue decline in 2020 resulting from the coronavirus pandemic and its ensuing economic fallout certainly contributed to heightened revenue volatility.

The good news is that the expected revenue is on the rebound in 2021 due to increased consumer spending with returned employment and boosted demand for industry operators. Furniture and home furnishings consumption growth through the first five months of 2021 increased 31% from the same period the previous year and was well above pre-pandemic growth rates of 5%.Online retailing will continue to be a preferred buying channel for millennials - nearly half (47%) buy furniture online compared to 40% of Gen X and 37% of baby boomers. By utilizing the internet and social media, millennials tend to be skilled comparison shoppers and will spend a couple of weeks researching products before making a purchase. This means furniture manufacturers will need to tailor their products to these online platforms and include details - and options - for their younger prospective customers. Regardless, incorporating more specifics and choices online benefits all demographics.

The Best Furniture Sales To Shop This Week.

Winter is the perfect time to start a home makeover project since the chilly weather likely has you cooped up inside anyway. Need some motivation to get started? Brands like Wayfair, West Elm and Macy’s are hosting some of the best furniture sales we’ve seen in a while right now, giving you the opportunity to save big on everything from a new couch for the living room to some new bar stools for the kitchen island.To get more news about wholesale furniture, you can visit oppao.com official website.

In addition to offering great deals on furniture and decor, some retailers are also sweetening the deal with free shipping, making the home refresh process even easier. And considering the wide range of brands holding savings events, you’re bound to find pieces that fit your aesthetic, whether that’s mid-century modern designs or farmhouse chic. Below, we’ve rounded up 26 of the best furniture sales to check out this week.

The home retailer’s sale section is always loaded with great finds. Right now, you can find furniture and home decor for every room of the house at up to 70% off.

Raymour & Flanigan: Take 10% off site-wide regardless of how much you spend, or 15% off when you spend over $3,000 or more at Raymour & Flanigan.

AllForm: AllForm is celebrating the New Year with a sale. Save 20% site-wide with the code NEWYEAR20.

Inside Weather: During Inside Weather’s New Year Sale, the code NEWYEAR will get you up to 20% off your entire purchase, depending on how much you spend. Plus, you’ll get free shipping when you spend over $1,500.

Overstock: Overstock’s Home Refresh Event is full of thousands of furniture pieces at up to 70% off. Thanks to the sale, you’ll also get free shipping regardless of how much you spend.

Amazon: If you filter Amazon’s massive deals section by “furniture,” you’ll uncover hundreds of discounts on desks, bed frames, TV stands and more.

Castlery: During Castlery’s Home Refresh Sale, you’ll automatically get $100 off your purchase for every $1,200 you spend. The sale is live through January 30.
Shop chic leather sofas, rustic dining tables and other mid-century modern pieces at up to 70% off in West Elm’s sale section.

Macy’s: Macy’s might not be the first retailer you think of when it comes to furniture, but its sale section is definitely worth a browse. Case in point: Right now, you can shop nearly 30,000 markdowns on bed frames, couches, dining sets and more.

Joss & Main: Browse Joss & Main’s sale section, which has over 1,100 items in stock, for bar stools, bed frames and patio furniture, all at impressive markdowns.Perigold: Perigold’s sale section is packed with over 2,000 discounts on furniture for every room of the house. We’ve got our eye on this solid wood dining table.

AllModern: Head to AllModern’s sale section to find nearly 1,500 deals on contemporary furniture and home decor.Home Depot: Save up to 30% on over 9,000 furniture pieces at the home improvement store.

Choosing Living Room Furniture

We've all seen cold rooms with furnishings lined inelegantly against the wall. Yes, the floor space is preserved wide and open. Yet the room doesn't appear larger or more inviting. It isn't conducive to conversation or drawing closer for a chat. The best rooms are not static boxes. They include furnishings that can be pulled up, dragged over or gathered around.To get more news about wholesale furniture, you can visit oppao.com official website.

Designer Ann Lowengart says moveable seating is key. "We love swivel chairs that can face a sofa, the television or the outdoors," she says. "Other favorites are stools and benches that can be moved around to create extra seating or facilitate intimate conversations. Moveable pieces give a space versatility — that's why we love them so much."

Every living room has a focal point. It's the spot that begs attention when we first enter the room. Designers Alison Vanderpool and Ariana Villalta of The Elegant Abode suggest starting there. "Make sure you always start with a main focal point and begin placing furniture from there," says Vanderpool. "Don't be afraid to have your furniture placed in the middle of the room. A decent-sized area rug will ground it and create a more comfortable feeling."

Vanderpool and Villalta begin with upholstered pieces, first and foremost, to delineate a pleasing seating arrangement. They like to use either two matching sofas facing one another or a sofa with two armchairs to encourage interaction and engagement with others in the room. To ensure there's always room for more, "ottomans can also be a great addition to seating and can easily be moved around," says Vanderpool
Ottomans, coffee tables, occasional tables and other portable surfaces lend the room a congenial atmosphere, ensuring that there's always a surface nearby for a book, drink, lamp, tray or vase. These are the pieces that catch all of our stuff — the worthwhile things that engage us and encourage us outside the rush of day-to-day commitments.

"Focus on the living part," advises designer Andrea Brooks. "Make these rooms livable, with comfortable, deep upholstery pieces and snuggly but durable fabrics. I love using chairs that swivel when you have multiple seating areas. And I love my overscaled ottoman — it's moveable, inviting to sit upon and you can put your feet up when you want to."

So play around with the placement of your furnishings. Pull up a chair, put up your feet and find an arrangement that encourages living in your living room.