DIY Home Improvement Industry Booms During COVID-19

Americans spent more time at home during the COVID-19 pandemic, but they didn’t just sit on the couch and watch Netflix. Many residents went to work renovating their homes, leading to record home improvement spending.

Topics: House & Home Manufacturing & Construction Industry Insights

Office Furniture Industry Expected to Recover from COVID Slump

The demand for office furniture dipped during the COVID-19 pandemic as economic activity slowed and employees transitioned to working remotely. Businesses had little incentive to purchase furniture for empty workspaces.

Topics: House & Home Business Services & Administration Industry Insights

Winners and Losers in the Consumer Goods Industry During Q4-2020

International trade data can represent an accurate barometer of the state of the health of the global economy, even more so in the current extraordinary circumstances, that require up-to-date monitoring for companies involved in international business.

Topics: Food & Beverage House & Home Retail Apparel Pharmaceuticals Healthcare Industry Insights

Home Food Gardening Surges During the COVID-19 Pandemic

Before the pandemic, Becca Knoblock used to leave her house before 7 a.m. and white-knuckle her way through downtown Denver’s heavy I-25 traffic on her daily commute. Now that she works from home, she starts each day with a cup of coffee outside, where she takes a few minutes to tend her garden.

Topics: Food & Beverage House & Home Packaged Facts Industry Insights

Smart Kitchen Appliances Market Expected to Witness Robust Growth

The kitchen has always been the heart of the home. During the last three decades, it has become a fast-growing space for technological advancements, and the increasing number of smart appliances is a testimony to this ongoing trend. Smart appliances are expected to witness further improvement in the future and are creating a demand for home automation systems.

Topics: House & Home Consumer Electronics Industry Insights

4 Key Trends in the Furniture Industry for 2020 and Beyond

Continued growth in building construction and rising disposable income levels have boosted the demand for furniture in the U.S. in recent years.  

The U.S. demand for furniture is expected to reach $68.8 billion in 2022, rising at an annual growth rate of 2.6% from $60.5 billion in 2017, according to the report Furniture: United States by Freedonia Focus Reports, a division of MarketResearch.com.

Topics: House & Home Industry Insights

4 Trends to Watch in the Gardening and Landscaping Industry

Demographic shifts and lifestyle changes are creating new opportunities in the gardening and landscaping industry, according to Jennifer Mapes-Christ, manager of the consumer & commercial products team at The Freedonia Group.

Topics: House & Home Industry Insights

Tattoo Parlors & Tattoo Removal Is Now a Booming $3 Billion Industry

Tattoos and body art in the U.S. have soared in popularity lately, especially among Millennials, fueling an industry comprised of 20,000 tattoo parlors or studios. The industry, which also includes body piercing and tattoo removal, is estimated to be worth $3 billion, and is growing strongly.

Topics: House & Home Retail Industry Insights

3 Key Factors Driving Momentum in the Global HVAC Industry

According to a report by BIS Research, the global heating, ventilation, and air conditioning (HVAC) market was estimated at $172.37 billion in 2017 and is expected to reach $208.55 billion by 2024, growing at a CAGR of 2.6% during the forecast period. A number of factors are at play:

Topics: House & Home Manufacturing & Construction Heavy Industry

Power Lawn and Garden Equipment: Top Trends and Statistics

Power lawn and garden equipment is an important component of the lawn care industry and the landscaping industry. Both residential home gardeners and commercial landscapers use a variety of equipment such as lawnmowers, garden tractors, trimmers and edgers, and blowers. This equipment aids in the upkeep of manicured lawns and gardens, parks, golf courses, and athletic fields.

Topics: House & Home Industry Insights The Freedonia Group