Industry Analysis & Industry Trends
In the five years to 2014, the Home Furnishing Stores industry began to recover from the housing market collapse and recession. Declining per capita disposable income, falling consumer confidence and the collapse of the domestic housing market negatively affected revenue for industry operators. Moreover, the industry's decline was perpetuated by heightened internal and external competition, which further decreased industry profitability. Over the five years to 2019, however, the industry will experience better results. This is because continued economic improvements will likely boost overall consumer spending, encouraging increased consumption of home furnishing products. In addition, surges in home ownership levels are projected to drive demand further... purchase to read more
Industry Report - Industry Key Buyers Chapter
The Home Furnishings Stores industry exhibits medium, nearly high, level of market concentration, with the four largest players in the industry estimated to account for about 62.7% of the industry revenue. The remaining share of the market is mostly comprised of small to medium-sized players that supply local demand. In 2014, an estimated 72.7% of industry operators will have fewer than five employees and only 0.3% will have more than 500. Which mean that about 97.7% of companies will have to compete over the remaining 35.0% of industry revenue.
In recent years, industry concentration has increased as operators either exited, merged with other players or expanded... purchase to read more