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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 Analysis Chapter

The Household Furniture Manufacturing industry has dealt with volatile conditions over the five years to 2014. Since household furniture is often purchased when consumers buy new houses or relocate, the collapse of the housing market was a major blow to industry operators. The subsequent recession exacerbated the decline in demand, with shrinking household disposable income causing consumers to delay purchasing big-ticket items, such as furniture. Despite improved economic conditions in the latter part of the five-year period, competition from low-cost imports is anticipated to hamper industry growth prospects... 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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