Furniture sales in the Northeast to grow by 21% – MIGE office furniture

Furniture sales in the Northeast to grow by 21% – MIGE office furniture

|August 12, 2018 | News

The nine states of the Northeast region contain 56.3 million people, who live there and purchase furniture and bedding. Those China office furniture company consumers spent a combined $19.4 billion on product in 2017.

The region contains the largest metropolitan area in the country, both in terms of population and in furniture sales, New York City. The greater New York major metro is projected to increase furniture sales by 21.7% over the next five years.

Four states in the Northeast are predicted to increase sales faster than the national average of 21.4%: Massachusetts, New Hampshire, New York and Vermont. Massachusetts’s and New Hampshire’s furniture and bedding sales are anticipated to grow by 21.5% each; New York’s sales are expected to grow by 21.4% and Vermont by 22.2%.

Ithaca, N.Y., has the highest rate of growth from 2017 to 2022 in the Northeast of 23.3% to reach $43.2 million. The average household living in Ithaca earns $88,258.

The second fastest-growing metro area in the Northeast is Watertown-Fort Drum, N.Y., which is slated to grow 23.1% over the next five year and Auburn, N.Y., with a growth rate of 23%.

Overall, 32 metro areas in the Northeast are expected to outpace the national average of 21.4% sales growth from 2017 to 2022.

Forest County in Pennsylvania is predicted to grow guangzhou office chair manufacturer furniture sales by 24.5% to $2.5 million over the next five years. That makes Forest the fastest-growing county in the Northeast. Average household incomes within Forest are $56,229. A total of 7,328 people and just 2,400 households live there.

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