Industry Analysis & Industry Trends
While improvements in existing home sales and housing starts will drive up demand for household furniture, revenue will nearly stagnate 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 - Starting a New Business Chapter
The Household Furniture Manufacturing industry has moderate barriers to entry. Existing and well-established distribution networks among companies and suppliers may deter potential operators from entering this industry. For new entrants to be successful, they need to establish upstream relationships with raw material suppliers to secure high-quality, low-price inputs. Meanwhile, established companies' contracts with downstream wholesalers and retailers may limit new entrants' opportunities to market their products.
Market share among the top four players has been growing over the past five years as a result of smaller companies closing in response to heightened competition with imports... purchase to read more