Industry Analysis & Industry Trends
The Home Furnishing Wholesaling industry has fought falling downstream demand over the past five years. Since home furnishings are often discretionary, low consumer confidence in the economy and reduced disposable income during the recession led to plummeting sales at the retail level. Consequently, stores purchased fewer goods from industry operators while wholesale demand declined. However, recovery for the industry will likely continue to gain traction in the five years to 2019, as the economy improves. In 2014, IBISWorld forecasts improving per capita disposable income and housing starts will help boost industry revenue... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Home Furnishing Wholesaling industry is in the mature stage of its life cycle. In the 10 years to 2019, industry value added (IVA), which measures the industry's contribution to gross domestic product (GDP), is estimated to increase at an average annual rate of 2.3%. In contrast, the US economy is forecast to grow at an annualized rate of 2.7% over the same period. While the industry's lower IVA figure relative to GDP growth could indicate this industry is in decline, it more likely points to residual effects from declines during the recession.
Anemic growth in the number of businesses and a saturated product market also reflect the maturity of the industry. In the five years to 2014, the number of enterprises barely increased at an average annual rate of 0.2%... purchase to read more