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