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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 | Apr 2016

Room to improve: Despite positive housing trends, rising imports will constrain industry 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
$25bn
Annual Growth 11-16
1.0%
Annual Growth 16-21
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Profit
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Employment
136,140
Businesses
9,593
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 - Industry SWOT Analysis Chapter

The Household Furniture Manufacturing industry is in the decline stage of its life cycle. Industry value added (IVA), which measures the industry's contribution to the economy, is projected to increase at an average annual rate of 1.1% over the 10 years to 2021. By contrast, GDP is projected to increase an annualized 2.2% over the same 10-year period. That IVA is projected to rise at a significantly slower rate than GDP is an indication that this industry accounts for a diminishing share of the domestic economy. Additionally, the industry is experiencing increasing foreign competition, a shrinking number of enterprises and slowing changes in technology, which are characteristics of a declining industry... 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 furnitureMetal household furnitureInstitutional furnitureNonupholstered wood household furniture
 
Industry Activities
Upholstered household furniture Nonupholstered wood household furniture Metal household furniture Household furniture (except wood and metal) Institutional furniture


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