Sold out: Intense competition and less favorable housing market conditions will mitigate growth

The Furniture Stores industry in Ohio has increased steadily over the five years to 2018, at an annualized rate of 2.3% to $2.1 billion, despite a decrease of 1.4% in 2018. Operators cater to a wide variety of markets, including businesses and households. Furniture stores experience a high degree of competition on the bases of price, quality and reputation. Overall, industry operators benefit from favorable macroeconomic conditions, such as rising per capita disposable income and consumer spending. Housing market indicators, such as the homeownership rate and housing starts, have a cyclical impact on industry demand. In Ohio, per capita disposable income and consumer spending are both anticipated to rise, at annualized rates of 1.7% and 1.3% over the five-year period, respectively...purchase to read more.

Industry Statistics & Market Size
Revenue
$2bn
Annual Growth 13-18
2.3%
Forecast Growth 18-23
Profit
Employment
7,663
Businesses
1,266

Industry Threats & Opportunities

  • Intense competition and a decrease in the homeownership rate have mitigated stronger growth
  • Industry Report - Industry Investment Chapter

    ***This section is not used for US State reports***...purchase to read more.

    Additional Insights for the Furniture Stores in Ohio Industry

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

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

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    What's in this report

    What is the Furniture Stores in Ohio 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 make up the rest of sales.

    Industry Products
  • Living room
  • Bedroom
  • Dining
  • 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
  • Consumer Confidence Index
  • Per capita disposable income in Ohio
  • Homeownership rate in Ohio
  • Demand from warehouse clubs and supercenters
  • Price of sawmill lumber

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Furniture Stores in Ohio 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
  • Bedroom
  • Dining
  • Other
  • Chart: Furniture Stores in Ohio Industry Products and Services Segmentation

  • Major Markets
  • Consumers aged 35 to 44
  • Consumers aged 45 to 54
  • Consumers aged 55 to 64
  • Consumers aged 25 to 34
  • Consumers aged 24 and younger
  • Consumers aged 65 and older
  • Businesses and other
  • Chart: Major Market Segmentation for the Furniture Stores in Ohio Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Furniture Stores in Ohio

  • Basis of Competition
    Barriers to Entry
    Ashley Furniture Industries Inc., Inter IKEA Systems BV, Levin Furniture, Williams-Sonoma Inc.,
  • Table: Ashley Furniture Industries Inc. - financial performance
  • Table: Inter IKEA Systems BV - financial performance
  • Table: Levin Furniture - financial performance
  • Table: Williams-Sonoma Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Furniture Stores in Ohio 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 Ohio Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Consumer Spending in Ohio (2009-2023)

  • 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, 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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s industry research report on Furniture Stores in Ohio provides up-to-date sales and market data, allowing you to identify the product and customer segments driving revenue growth. The report identifies the leading companies in the industry, and offers strategic analysis of the key factors influencing the market. Our data forecasts are accompanied by full analysis to illustrate how the market is responding to dominant and emerging trends.

    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 Ohio:
    • 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 Ohio 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 Ohio, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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