Nineteen major metropolitan markets individually sold $1 billion or more in guangzhou office furniture and bedding retail sales in 2017.
This impressive group, led by the New York City metro area, retailed a combined $39.9 billion, which amounts to a 36.8% market share of total sales.
The New York metro area, including surrounding cities in New Jersey and Pennsylvania, alone sold $6.7 billion worth of furniture and mattresses last years, accounting for 6.2% of all retail dollars. The area’s sales are predicted to rise another 21.4%, matching the national rate, between 2017 and 2022 to reach $8.2 billion.
All U.S. major markets garnered $101.8 billion of furniture and bedding sales, amounting to a 94% share of sales. The U.S. Census Bureau defines a major metropolitan statistical area as one containing a core urban area with a population of 50,000 or more.
The Williston, N.D., metro area is the fastest-growing major market, with $13.4 million in sales this year. It is projected to hit $17.7 million in 2022, a 32% increase. The Dickinson, N.D., metro is expected to grow its sales by 31.1% over the five-year period from $12.1 million to $15.9 million.
Of the 25 fastest-growing major markets for guangzhou filling cabinet manufacturer furniture sales over the next five years 11, are located in the Midwest, nine are in the South and five are in the West. None are in the Northeast.