Moving out: Falling homeownership in California will constrain revenue

Over the five years to 2017, the Furniture Stores industry in California has maintained steady growth. Prior to 2012, many furniture stores went through a period of falling demand due to the fall of the housing market and subsequent business environment. However, rising consumer confidence and per capita disposable income within California have spurred significant growth for industry operators. With fewer consumers purchasing homes, demand for full furniture sets will decrease. IBISWorld projects that revenue for the Furniture Stores industry in California will decrease over the next five years. th more vendors shifting focus to online operations, many industry operators will be able to effectively compete...read more.

Industry Statistics & Market Size
Revenue
$6bn
Annual Growth 12-17
1.6%
Forecast Growth 17-22
Profit
Employment
22,205
Businesses
4,454
What Our Customers Say

Industry Threats & Opportunities

  • Online retailers represent an increasing threat to industry revenue
  • Operators have benefited from falling unemployment and rising disposable income
  • The growing presence of online retailers in the industry will continue to pressure industry operators
  • Industry Report - Industry Key Buyers Chapter

    Market share concentration for furniture stores in California is low, with the largest four players accounting for an estimated 36.1% of total industry revenue in 2017. With an established, unique business model, international name recognition and low-cost product offerings, Inter IKEA Systems BV has dominated the market. Restoration Hardware Inc. and Williams-Sonoma Inc., however, have been expanding into other markets to better capture additional revenue within this market. While these companies have typically focused on high-end furniture, they have recently adjusted their product offerings to attract more clients. Furthermore, many major players within the market have focused on expanding their online retailing businesses to attract younger customers...purchase to read more.

    Additional Insights for the Furniture Stores in California Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Furniture Stores in California Industry are

  • Experienced workforce
  • Attractive product presentation
  • Production of goods currently favored by the market
  • IBISWorld analysts also discuss how external factors such as Per Capita Disposable Income in California and Consumer Confidence Index in the Furniture Stores in California industry impact industry performance..

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    What is the Furniture Stores in California Industry?

    Operators in this industry primarily sell household, outdoor and office furniture, except those sold in combination with office supplies and equipment. This industry predominantly markets and retails living room, dining room and bedroom furniture, upholstered and otherwise. Desks and home office goods, lamps, recliners, rugs and outdoor furniture account for the remaining sales.

    Industry Products
  • Living room furniture
  • Bedroom furniture
  • Dining room furniture
  • Other furniture
  • Industry Activities
  • Retailing household furniture
  • Retailing outdoor furniture
  • Retailing office furniture
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Per Capita Disposable Income in California
  • Consumer Confidence Index
  • Homeownership Rate in California
  • commerce sales

  • Current Performance
  • Mixed trends from market indicators
  • Heavy competition
  • Chart: Revenue Growth

  • Industry Outlook
  • Lagging demand
  • Growing external competition
  • Table: Furniture Stores in California Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Furniture Stores in California Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Property Management
  • Interior Designers
  • Hotels & Motels
  • Casino Hotels
  • Consumers

  • Key Selling Industries
  • Carpet Mills
  • Furniture Wholesaling
  • Household Furniture Manufacturing
  • Mattress Manufacturing
  • Office Furniture Manufacturing

  • Products & Services
  • Living room furniture
  • Bedroom furniture
  • Other furniture
  • Dining room furniture
  • Chart: Furniture Stores in California Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged between 25 and 44
  • Consumers aged between 45 and 64
  • Consumers under age 25
  • Consumers aged 65 and older
  • Businesses and other
  • Chart: Major Market Segmentation for the Furniture Stores in California Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Rent and utilities
  • Marketing, depreciation and other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Furniture Stores in California

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Furniture Stores in California Industry

  • Inter IKEA Systems BVAshley Furniture Industries Inc.Restoration Hardware Inc.Williams-Sonoma Inc. Living Spaces Furniture LLCUrban Home
  • Table: Inter IKEA Systems BV - financial performance
  • Table: Ashley Furniture Industries Inc. - financial performance
  • Table: Restoration Hardware Inc. - financial performance
  • Table: Williams-Sonoma Inc. - financial performance
  • Table: Living Spaces Furniture LLC - financial performance
  • Table: Urban Home - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Furniture Stores in California Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Furniture Stores in California Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Per Capita Disposable Income in California (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Big-Box Store
  • A retail store that is differentiated by its sheer size and large range of products, including electronics, household goods and other consumer products.
  • Brick And Mortar
  • A store that has a physical presence and location, as opposed to an online retailer.
  • Electronic Data Interchange
  • The transmission of electronic documents between businesses from one computer system to another.
  • Upholstered Furniture
  • Furniture with leather or fabric covers, springs, webbing or padding, primarily in the form of chairs and sofas.
  • Why buy this report?

    IBISWorld’s Furniture Stores in California Industry Research Report contains up-to-date data and analysis, allowing you to identify the strengths and potential weaknesses of major companies in the industry. Build your credibility with clients and prospects by sharing insights into the current and emerging trends driving their industry. Our market research gives you the tools to win new business and keep existing clients.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Furniture Stores in California:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Furniture Stores in California market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Furniture Stores in California, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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