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 SWOT Analysis Chapter
The Furniture Wholesaling industry is in the decline stage of its life cycle. Over the 10 years to 2017, industry value added (IVA), which measures the industry's contribution to GDP, is projected to fall at an average annual rate of 2.2%. This declining growth rate indicates that the industry will grow slower than the US economy, which is forecast to grow at an average rate of 1.8% annually over the same period. The falling number of enterprises and a stable product market also reflect characteristics of a declining industry.
Poor industry performance has caused the number of firms operating in this industry to decline. In the five years to 2012, the number of enterprises has decreased at an average annual rate of 3.8%... purchase to read more