Market for Furniture, Builders' And Motor Vehicle Hardware in the United States
Market Overview
The U.S. market for furniture, builders' and motor vehicle hardware was finally on the rise to reach $
in , after two years of decline. The market value increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
In value terms, production of furniture, builders' and motor vehicle hardware rose modestly to $ in . The total output value increased at an average annual rate of +% from 2013 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of % against the previous year. Production of peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.
in , after two years of decline. The market value increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.In value terms, production of furniture, builders' and motor vehicle hardware rose modestly to $
in . The total output value increased at an average annual rate of +% from 2013 to ; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of % against the previous year. Production of peaked at $ in 2018; however, from 2019 to , production stood at a somewhat lower figure.Consumption
In , consumption of furniture, builders' and motor vehicle hardware in the United States skyrocketed to units, rising by % on the previous year. The total consumption volume increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.
The size of the market for furniture, builders' and motor vehicle hardware in the United States expanded markedly to $ in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.
, consumption of furniture, builders' and motor vehicle hardware in the United States skyrocketed to units, rising by % on the previous year. The total consumption volume increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak volume and is likely to continue growth in the immediate term.The size of the market for furniture, builders' and motor vehicle hardware in the United States expanded markedly to $
in , increasing by % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +% over the period from 2013 to ; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.Market Forecast
Driven by increasing demand for furniture, builders' and motor vehicle hardware in the United States, the market is expected to continue an upward consumption trend over the next decade. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .
% for the period from to , which is projected to bring the market volume to units by the end of .Market Structure
In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.
, the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports remained relatively constant over the period under review.Trade Balance
The United States remains a net importer of furniture, builders' and motor vehicle hardware; in physical and value terms, imports consistently exceeded exports from 2013 to . In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
. In , there was a significant trade deficit of units, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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