Industry Analysis & Industry Trends
With less discretionary income available during the recession, consumers cut back or delayed their purchases of big-ticket items, including new furniture for their homes. Furthermore, reduced demand from businesses hurt the Furniture Wholesaling industry. While changes in the structure of the furniture supply chain have dampened demand for wholesalers, the improved economy will support modest revenue growth over the next five years... purchase to read more
Industry Report - Industry Products Chapter
Office furniture accounts for the majority of industry products, representing an estimated 50.9% of total revenue. This segment includes desks, shelves, cubicles, tables, computer chairs, filing cabinets and other office systems that are sold to business customers. High unemployment levels and business closures from the Great Recession have caused demand to fall in line with the industry, fewer businesses in the economy translated to decreased need for new office furniture. Over the next five years, however, IBISWorld expects this segment to return to growth as the number of businesses increases.
Household furniture (excluding beds)
The household furniture segment is expected to account for about 37.5% of revenue... purchase to read more