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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 | May 2014

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

IBISWorld’s Household Furniture Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$20bn
Annual Growth 09-14
-2.1%
Annual Growth 14-19
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Profit
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Employment
122,933
Businesses
4,906
Industry Analysis & Industry Trends

While improvements in existing home sales and housing starts will drive up demand for household furniture, revenue will not make substantial gains over the next five years. Import penetration from countries with emerging economies will continue to place significant pricing pressures on domestic furniture manufacturers. To maintain demand in this contracting industry, industry players have been forced to reduce their markups, consequently hurting profitability... 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 0.5% over the ten years to 2019. By contrast, GDP is projected to rise at an annualized rate of 2.7% over the same 10-year period. Decreasing demand for domestically manufactured furniture, a shrinking number of enterprises and slowing changes in technology also indicate 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 furnitureCase goodsMetal household furnitureHousehold furniture (except wood and metal)Institutional furnitureWood TV, radio and sewing machine cabinets
 
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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