Market size and recent performance (2009-2024)
Industry revenue has grown at a CAGR of 0.8% over the past five years, to reach an estimated $32.3bn in 2019.
Trends and Insights
- Domestically focused operators are likely to experience a rise in demand, as consumer confidence is anticipated to rise
- Additional trends and insights available with purchase
Biggest companies in the Household Furniture Manufacturing in Mexico
| Company
2019 | Market Share (%)
2019 | Revenue ($m)
2019 | Profit ($m)
2019 | Profit Margin (%)
2019 |
|---|---|---|---|---|
Steelcase de Mexico | ||||
La-Z-Boy Inc. | ||||
Ethan Allen Interiors Inc. |
To view the market share and analysis for all 4 top companies in this industry, view purchase options.
Products & Services Segmentation
Industry revenue is measured across several distinct product and services lines, including Upholstered Furniture, Nonupholstered Wood Furniture and Metal Furniture. Upholstered Furniture is the largest segment of the Household Furniture Manufacturing in Mexico.
Trends and Insights
• Operators in the Furniture Manufacturing industry in Mexico produce a wide variety of products for various end uses.
- More insights available in the full report
Table of Contents
About this industry
Industry definition
Operators in the Furniture Manufacturing industry in Mexico produce furniture for end use in households and public spaces, both domestically and abroad. Furniture produced by industry operators is commonly crafted from wood, metal, plastic, wicker and other materials. Industry operators also produce various furnishings for schools, such as blackboards and drawing boards. However, establishments that craft fitted kitchen modules, furnishings for bathrooms, offices or shelving units are not included in the industry. Due to its variety of downstream markets, industry revenue is highly sensitive to changes in consumer confidence, the real exchange rate index (which measures the value of the peso to Mexico's major trading partners) and consumer expenditure on education.
What's included in this industry?
Upholstered household furniture manufacturingNonupholstered wood household furniture manufacturingMetal household furniture manufacturingHousehold furniture (except wood and metal) manufacturingInstitutional furniture manufacturingUpholstered FurnitureNonupholstered Wood FurnitureMetal FurnitureNon wood or metal furnitureSchool FurniturePublic institution furnitureRetail space furnitureOther institutional furnitureCompanies
Steelcase de MexicoLa-Z-Boy Inc.Ethan Allen Interiors Inc.Purchase this report to view all 4 major companies in this industry.
Related Terms
CASE GOODSEDGEBANDINGOFFSHOREIndustry Code
NAICS 33712MX - Household Furniture Manufacturing in Mexico
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
Consumer spending. Consumers represent one of the largest markets for industry operators. When consumers are more confident, they are more willing to make large, discretionary...
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 (2009-2018) and forecast (2019-2024)
- Employees, including historical (2009-2018) and forecast (2019-2024)
- Businesses, including historical (2009-2018) and forecast (2019-2024)
- Profit, including historical (2009-2019)
- 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
• Operators in the Furniture Manufacturing industry in Mexico produce a wide variety of products for various end uses.
In this chapter
- Products & Services
- Major Markets
Key metrics
- Largest market segment and value in 2019
- Product innovation level
Charts
- Products & services segmentation in 2019
- Major market segmentation in 2019
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
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
Operators in the Furniture Manufacturing industry in Mexico tend to locate their establishments near key downstream markets and upstream suppliers. Moreover, since many indust...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2019
Tables
- Number and share of establishments in each region in 2019
- Number and share of revenue each region accounts for in 2019
- Number and share of wages each region accounts for in 2019
- Number and share of employees in each region in 2019
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
Contacts within key markets. Manufacturers need to establish links with numerous clients, including wholesalers, contractors and retail outlets. They should serve a variety of...
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 2014-2019
- 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
Headquartered in Grand Rapids, MI, Steelcase Inc. (Steelcase) is the largest industry operator in Mexico and the largest furniture manufacturer in the world. Founded in 1912, ...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2015 through 2019
- Major companies in the industry, including market share, revenue, profit and profit margin in 2019
- Overview of Steelcase de Mexico's performance by revenue, market share and profit margin from 2013 through 2019
- Overview of La-Z-Boy Inc.'s performance by revenue, market share and profit margin from 2013 through 2019
- Overview of Ethan Allen Interiors Inc.'s performance by revenue, market share and profit margin from 2013 through 2019
- Overview of revenue, market share and profit margin trend for one additional company
Detailed analysis
- Description and key data for Steelcase de Mexico, and factors influencing its performance in the industry
- Description and key data for La-Z-Boy Inc., and factors influencing its performance in the industry
- Description and key data for Ethan Allen Interiors Inc., and factors influencing its performance in the industry
- Description, key data and performance trends for one additional company
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Operators in the Furniture Manufacturing industry in Mexico are subject to a low level of regulation, which is primarily enforced at the federal level. Generally, industry ope...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
Detailed analysis
- Demographic and macroeconomic factors influencing the industry
- 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.
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2009-2024)
- IVA (2009-2024)
- Establishments (2009-2024)
- Enterprises (2009-2024)
- Employment (2009-2024)
- Exports (2009-2024)
- Imports (2009-2024)
- Wages (2009-2024)
Top Questions Answered
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the estimated market size of the Household Furniture Manufacturing industry in Mexico in 2019?
The market size of the Household Furniture Manufacturing industry in Mexico is $32.3bn in 2019.
How many businesses are there in the Household Furniture Manufacturing in Mexico industry in 2019?
There are 26,216 businesses in the Household Furniture Manufacturing industry in Mexico, which has declined at a CAGR of -0.7% between 2014 and 2019.
Has the Household Furniture Manufacturing industry in Mexico grown or declined over the past 5 years?
The market size of the Household Furniture Manufacturing industry in Mexico has been at a CAGR of 0.8% between 2014 and 2019.
What is the forecast growth of the Household Furniture Manufacturing industry in Mexico over the next 5 years?
The Household Furniture Manufacturing in Mexico market is forecast to over the five years from 2019 to 2024
What are the biggest companies in the Household Furniture Manufacturing market in Mexico?
The biggest companies operating in the Household Furniture Manufacturing market in Mexico are Steelcase de Mexico, La-Z-Boy Inc. and Ethan Allen Interiors Inc.
What does the Household Furniture Manufacturing in Mexico include?
Upholstered household furniture manufacturing and Nonupholstered wood household furniture manufacturing are part of the Household Furniture Manufacturing industry.
Which companies have the highest market share in the Household Furniture Manufacturing in Mexico?
The company holding the most market share in Mexico is Steelcase de Mexico.
How many people are/were employed in the Household Furniture Manufacturing in Mexico in 2019?
There are 113k employed in the Household Furniture Manufacturing industry in Mexico 2019.
Widen your competitive advantage with related industries
Related Domestic Industries
- This industry comprises establishments primarily engaged in metalworking and jewelry making.
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