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.

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.

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.

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:

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.

As U.S. obesity rates climb and Americans age, more people are developing sleep apnea, restless leg syndrome, and other sleep disorders. Plus, stressors related to the volatile stock market, terrorism, mass shootings, health care, student debt, and protests against politicians are all resulting in more sleepless nights.

Discover the latest trends shaping the home and garden sector, with expert insights from Euromonitor International, a global market research firm that has produced hundreds of authoritative reports on the topic.

Erika Sirimanne, Head of Home and Garden Research at Euromonitor International, identified three notable home trends in a recent video featured below. 

The average cost of a wedding reached an all-time high of $32,329, according to The Knot 2016 Real Weddings Study, which surveyed 13,000 brides and grooms across the United States.

That’s good news for the 300,000-plus wedding vendors operating in the U.S., including ceremony and reception venues, DJs, coordinators, photographers, caterers, hair and make-up artists, limo drivers, and more.

Global security products and services make up an industry worth more than $300 billion. The United States is the largest market overall, but the fastest gains will be found in less developed markets such as India, China, Mexico, South Africa, Turkey, and Brazil, according to Jennifer Christ, a Research Manager at the Freedonia Group.

“Growth in the security market stems from economic development, rising urbanization, increasing personal incomes, and concerns about crime and insufficient public safety measures,” Jennifer explained in a recent webinar on the topic.

The ongoing battle against weeds and pests creates a large, growing market. The demand for home and garden pesticides in the U.S. is forecast to rise 3.1 percent per year to $2.4 billion in 2020, according to the Freedonia Group.

An increase in new housing — coupled with rising consumer spending in lawn care and gardening — will boost the overall market.