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 - Industry Products Chapter
This industry is responsible for producing a range of household and institutional furniture items. IBISWorld categorizes industry products four groups: upholstered furniture and case goods, institutional furniture, metal furniture and other.
Upholstered furniture and case goods
Upholstered furniture and case goods collectively make up the largest product segment for household furniture manufacturers, accounting for an estimated 69.2% of industry revenue in 2014. Upholstered products (representing 31.2% of revenue) include couches, recliners, chairs and ottomans, while case goods (38.0%) include items bed frames, bookcases, desks and dining tables... purchase to read more