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 Locations Chapter
Proximity to downstream markets is an important competitive strategy in this industry, as it allows manufacturers to increase the speed of delivery while reducing transportation costs. Not surprisingly, the regions accounting for the largest number of establishments also have the highest population distributions.
At 25.8% of industry establishments and accounting for more than a quarter of the US population, the Southeast region of the United States houses the largest number of industry facilities. The region also accounts for the highest number of furniture wholesalers and retailers, making it an ideal location for household furniture manufacturers that want to be in close proximity to downstream buyers... purchase to read more