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. 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, bolstering industry revenue... purchase to read more
Industry Report - Starting a New Business Chapter
Barriers to entry outline factors that prevent new companies from entering the industry. Key factors used to assess these barriers include the industry's buying and selling markets, the industry's level of market dominance and entry costs.
Existing and well-established distribution networks among operators and suppliers may deter potential operators from entering this industry. For new entrants to be successful, they need to establish upstream supply relationships with manufacturers and wholesalers in order to secure high quality, low-priced inputs. Lastly, a disruption to the supply of raw materials, component parts or labor in the production process could adversely affect an industry operator by slowing down furniture production... purchase to read more