As of right now, one of the hottest industries in the United States is the furniture industry. This is because there are people constantly looking for new furniture. These people may be moving into a new home or they may just be getting ready to renovate and make big changes to their current home. Now, without any further ado, here are all of the facts on barnwood tables for sale.
The furniture industry’s growth is consistently performing twice as well as the overall economy, growing at a rate of 6-7% each year. This is indicative of two important facts. First and foremost, this high growth rate means you will have access to great options when you shop for furniture. Plus, it also means that more and more people are believing in the furniture industry and the products they provide!
Savings from offshoring furniture manufacturing has been overestimated to as high as 30%. So whether you want wooden wardrobe, reclaimed barnwood furniture, log barstools, or barnwood tables for sale, check out this option. That way, you can save yourself some money on furniture. After all, it is hard to enjoy furniture and barnwood tables for sale if you end up breaking the bank in the process.
Between the years of 2012 and 2014, Millennials have exhibited an increase in furniture buying patterns by 142%, raising the revenue for the industry from $11.1 billion to $27.0 billion United States Dollars. This means that millennials are known as a generation that wants nice things. They are willing to buy nice furniture because they want a great product for their home.
Boomers are likely to spend the most on redecoration, with a budget of $3,000, followed by budgets of $2,500 for Generation X and $1,500 for millennials. So this means that in general, Americans spend lots of money on barnwood tables for sale and other kinds of furniture. Thus, if you have the ability to do so, you as well should buy the furniture that you love. After all, it is going to be something you use for a long time afterward!
Consumers expect wall décor and wood furniture to have a longer comparative lifespan, of more than 15 years. If you are going to buy something that will last for fifteen years then you need to make sure it is something you like. You will not want to get barnwood tables for sale and then turn around a year later and end up not liking the piece of furniture. Get something that you want for your home for a long time!
Among sofa-buyers, 91% said quality and durability are very important when they make a purchase; 36% revealed they expect to keep a newly purchased sofa for 5 to 9 years and 28% intend to keep it for 15 years or more. On average, US consumers are willing to spend $2,200 for living room redecoration. Keep your eye on this kind of information as you overhaul your home and change things up. Do not get lost in the situation and end up spending your furniture budget on just your renovations.
In Conclusion
By 2019, the global market for furniture and floor coverings is forecast to reach $695 billion. There are going to be more and more people buying furniture than ever before in the next coming years. This is in part due to the rising population in the United States. It is also due to the rising housing market which has young people buying houses again! If you want barnwood tables for sale then go to a reputable store with great options and a great customer service experience.