Household Furniture Manufacturing in Canada - Market Research Report (2014-2029)
New York, United States
Last Updated: September 2024
NAICS 33712CARevenue
$4.5bn
Past 5-Year Growth
Profit
$XXX.Xm
Employees
25,077
Businesses
2,575
Wages
$X.Xbn
Household Furniture Manufacturing in Canada industry analysis
Household furniture manufacturers in Canada have faced dynamic changes driven by evolving consumer preferences and external disruptions. Growing demand for sustainable and eco-friendly furniture has significantly influenced manufacturers to adopt greener materials and production processes, aligning with an environmentally conscious market. Meanwhile, global supply chain disruptions, exacerbated by the COVID-19 pandemic, have led to delays and spikes in raw material costs, pushing companies to increasingly rely on local suppliers. Furthermore, the rapid shift towards online shopping has prompted many manufacturers to enhance their e-commerce capabilities, offering virtual showrooms and personalized customer experiences to adapt to new consumer behaviors. Revenue is estimated to increase at a CAGR of 0.5% to $4.6 billion over the five years to 2024, although revenue is estimated to decline 0.2% in 2024 alone.
Trends and Insights
- Growing demand for sustainable and eco-friendly furniture is reshaping the industry. Manufacturers are increasingly using environmentally friendly materials and processes to meet consumer preferences and government regulations.
- Canadian furniture exports to the US are experiencing growth due to the favorable exchange rate between the US and Canadian dollars. This advantage makes Canadian household furniture more competitively priced for US consumers, increasing demand and boosting export sales.
- Quebec’s established industrial base and abundant resources, supported by government policies, create a favorable environment for furniture manufacturers. The province's rich forestry resources and economic incentives reduce costs and attract skilled labor to the region.
- Entering the household furniture manufacturing market in Canada is challenging due to stringent regulations and high start-up costs. These factors demand a significant financial commitment, making it difficult for new businesses to establish themselves.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has grown at a CAGR of 0.2 % over the past five years, to reach an estimated $4.5bn in 2024.
Trends and Insights
Consumers are increasingly demanding sustainable and eco-friendly furniture
- Consumers are becoming more environmentally conscious, driving demand for furniture made from sustainable and eco-friendly materials. This shift in consumer preferences is influencing the strategies of numerous companies aiming to meet this growing market need while promoting environmental stewardship.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to decline over the next five years.
Trends and Insights
Technological integration is driving manufacturing efficiency
- AI and robotics are expected to play a larger role in automating repetitive tasks such as cutting and assembling materials. This will significantly reduce labor costs while assuring consistent product quality.
Biggest companies in the Household Furniture Manufacturing in Canada
| Company | Market Share (%)
2024 | Revenue ($m)
2024 | Profit ($m)
2024 | Profit Margin (%)
2024 |
|---|---|---|---|---|
Dorel | 74.8 | 1.2 | 1.6 | |
Sauder | 31.8 | 1.9 | 6.0 |
To view the market share and analysis for all 2 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Case goods, Upholstered furniture and Institutional furniture. Case goods is the largest segment of the Household Furniture Manufacturing in Canada.
Trends and Insights
Eco-friendly demand and housing market trends boost sales of case goods
- Case goods refer to non-upholstered wooden furniture designed for household use. This includes items like bedroom sets, dining tables, cabinets and bookcases made from wood varieties such as cedar, oak and pine.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- Furniture & Furnishings Wholesaling in Canada
- Furniture Stores in Canada
Complementors
- Cabinet & Vanity Manufacturing in Canada
- Office Furniture Manufacturing in Canada
International industries
- Household Furniture Manufacturing in the US
- Hospital Bed Manufacturing in the US
- Outdoor Furniture Manufacturing in the US
- Coffin & Casket Manufacturing in the US
- Wooden Furniture and Upholstered Seat Manufacturing in Australia
Table of Contents
About this industry
Industry definition
The industry manufactures a range of furniture for personal, household and public use. Public furniture is used for hospitals, theatres, cafeterias, schools and other facilities. Furniture may be made on a stock or custom basis and may be sold assembled or unassembled.
What's included in this industry?
Upholstered household furniture manufacturingNonupholstered wood household furnitureMetal household furniture manufacturingHousehold furniture (except wood and metal) manufacturingInstitutional furniture manufacturingWood TV, radio and sewing machine cabinet manufacturingCompanies
DorelSauderPurchase this report to view all 2 major companies in this industry.
Related Terms
CASE GOODSOFFSHOREEDGEBANDINGCONTRACT OUTFITTERIndustry Code
NAICS 33712 - Household Furniture Manufacturing in Canada
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Growing demand for sustainable and eco-friendly furniture is reshaping the industry. Manufacturers are increasingly using environmentally friendly materials and processes to ...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Canadian furniture exports to the US are experiencing growth due to the favorable exchange rate between the US and Canadian dollars. This advantage makes Canadian household f...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Quebec’s established industrial base and abundant resources, supported by government policies, create a favorable environment for furniture manufacturers. The province's rich...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each province
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each province in 2024
- Number and share of revenue each province accounts for in 2024
- Number and share of wages each province accounts for in 2024
- Number and share of employees in each province in 2024
Detailed analysis
- Geographic spread of the industry across North America, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Entering the household furniture manufacturing market in Canada is challenging due to stringent regulations and high start-up costs. These factors demand a significant financ...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
There are no leading household furniture manufacturers in Canada because the industry is highly fragmented, with many small players. Nearly half of the industry consists of n...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Dorel's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Sauder's performance by revenue, market share and profit margin from 2018 through 2024
Detailed analysis
- Description and key data for Dorel, and factors influencing its performance in the industry
- Description and key data for Sauder, and factors influencing its performance in the industry
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Canadian household furniture manufacturers benefit from protective tariffs on imports imposed by the CBSA. These tariffs help maintain competitive market conditions for local...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Automation in Canadian household furniture manufacturing has led to lower wages and a shift towards skilled labor. While overall wages have declined, there is an increasing d...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2017-2022)
- Coverage Ratios (2017-2022)
- Leverage Ratios (2017-2022)
- Operating Ratios (2017-2022)
- Assets (2017-2022)
- Liabilities (2017-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in Canada include:
- Statistics Canada
- Industry Canada
- Canadian Business Patterns
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Household Furniture Manufacturing industry in Canada in 2024?
The market size of the Household Furniture Manufacturing industry in Canada is $4.5bn in 2024.
How many businesses are there in the Household Furniture Manufacturing in Canada industry in 2024?
There are 2,575 businesses in the Household Furniture Manufacturing industry in Canada, which has declined at a CAGR of 1.5 % between 2019 and 2024.
Has the Household Furniture Manufacturing industry in Canada grown or declined over the past 5 years?
The market size of the Household Furniture Manufacturing industry in Canada has been growing at a CAGR of 0.2 % between 2019 and 2024.
What is the forecast growth of the Household Furniture Manufacturing industry in Canada over the next 5 years?
Over the next five years, the Household Furniture Manufacturing industry in Canada is expected to decline.
What are the biggest companies in the Household Furniture Manufacturing market in Canada?
The biggest companies operating in the Household Furniture Manufacturing market in Canada are Dorel and Sauder
What does the Household Furniture Manufacturing in Canada include?
Upholstered household furniture manufacturing and Nonupholstered wood household furniture are part of the Household Furniture Manufacturing industry.
Which companies have the highest market share in the Household Furniture Manufacturing in Canada?
The company holding the most market share in Canada is Dorel.
How competitive is the Household Furniture Manufacturing industry in Canada?
The level of competition is high and steady in the Household Furniture Manufacturing industry in Canada.
