Furniture Stores in Canada
Over the past five years, the Furniture Stores industry has slowly improved. Total furniture sales in Canada were down during the start of the five-year period due to the erratic performance of new residential construction, as Canadians have found purchasing homes increasingly difficult over the past five years. Consolidation is expected to slow over the next five years; nevertheless, operators will continue to find it difficult to compete. External competition from big-box and e-commerce retailers will continue to steal away customers and revenue from industry operators. At the same time, the housing sector in Canada is expected to cool and slow gains in income growth will contribute marginally to industry growth as consumers reduce their spending. These conditions will ultimately slow the industry's growth.
This industry sells household, outdoor and office furniture (except those sold in combination with office supplies and equipment), including living room, dining room and bedroom furniture, upholstered furniture, desks and home office goods, lamps, recliners, rugs and outdoor pieces.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.