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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 offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

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 Key Buyers Chapter

The Household Furniture Manufacturing industry exhibits a low market share concentration. Although the industry's four top players account for nearly a quarter of total industry revenue, the majority of firms are small and privately owned manufacturers. IBISWorld anticipates more than 79.5% of industry operators will employ fewer than 20 workers in 2014, while only 7.9% of household furniture manufacturers will employ more than 100 workers.

Over the past five years, industry concentration has increased slightly as a result of operators being driven out of business by the recession and lower-priced furniture imports. Imports have created an intensely price competitive environment for existing players... 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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