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Household Furniture Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Household Furniture Manufacturing Market Research Report | NAICS 33712 | Aug 2015

Room to improve: Despite positive housing trends, rising imports will constrain industry revenue

IBISWorld’s Household Furniture Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$23bn
Annual Growth 10-15
-0.5%
Annual Growth 15-20
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Profit
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Employment
116,121
Businesses
4,147
Industry Analysis & Industry Trends

While improvements in existing home sales and housing starts will drive up demand for household furniture, revenue will continue to decline over the next five years. Import penetration from countries with emerging economies will continue to place significant pricing pressures on domestic furniture manufacturers. However, fortunately for the industry, there is a market for high-quality household furniture, which domestic manufacturers are increasingly producing. As US household furniture manufacturers leverage their competitive advantage in producing high-quality goods, exports are expected to expand, supporting the industry... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Household Furniture Manufacturing industry in the United States is in the decline stage of its life cycle. Industry value added (IVA), which measures the industry's contribution to GDP, is projected to fall at an average annual rate of 0.7% over the 10 years to 2020. By contrast, GDP is projected to rise at an annualized rate of 2.5% over the same 10-year period. Additionally, the industry is experiencing decreasing demand for domestically manufactured furniture, a shrinking number of enterprises and slowing changes in technology, which are characteristics of a declining industry.

Domestic household furniture manufacturers face increasing competition from foreign producers (e.g. China), which enjoy more relaxed labor and environmental regulation... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Household Furniture Manufacturing Industry?

This industry manufactures a range of furniture for personal, household and public use. Public furniture is used for hospitals, theaters, cafeterias, schools and other facilities. Furniture may be made on a stock or custom basis and may be sold assembled or unassembled.

Industry Products
Upholstered household furnitureMetal household furnitureHousehold furniture (except wood and metal)Institutional furnitureNonupholstered wood household furnitureWood television, radio, and sewing machine
 
Industry Activities
Upholstered household furniture Nonupholstered wood household furniture Metal household furniture Household furniture (except wood and metal) Institutional furniture Wood television, radio, and sewing machine cabinet


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