Industry Analysis & Industry Trends
The Furniture Wholesaling industry is expected to experience solid demand in the five years to 2014, spurred on by recovering downstream markets such as businesses and retailers following the recession. as economic conditions have gradually improved over the period, consumers have begun to spend more freely, leading demand from furniture stores to increase. Since wholesalers are a large supplier of furniture stores, the Furniture Wholesaling industry has benefited. Looking forward, technology is anticipated to play an important role in the industry over the next five years. Meanwhile, demand for home and office furniture will likely pick up with continued improvements in economic conditions, enabling a modest boost in industry revenue... purchase to read more
Industry Report - Starting a New Business Chapter
The Furniture Wholesaling industry exhibits medium barriers to entry for prospective operators. There are no licensing requirements, government regulations or resource constraints to prevent new firms from entering the industry; however, a lack of industry knowledge and high competition can potentially threaten potential entrants.
Operating knowledge and relationships
The largest barrier to this industry is a lack of local operating knowledge and relationships. Newcomers compete with existing wholesalers that have experience, knowledge of the industry and well-established relationships with retailers and manufacturers. Therefore, marketing and promotional activity must exceed that of the current players to build customer awareness and overcome retailer resistance... purchase to read more