Furniture Stores in Canada
Over the five years to 2019, the Furniture Stores industry in Canada has grown slowly. Most furniture purchases are made when consumers move homes, yet housing starts were down during the beginning of the period because construction activity after the recession was sluggish. Rising industry product prices are expected to have helped retailers achieve sales growth during the period, however industry operators are unlikely to reap the benefits of this growth. Competition in the Furniture Stores industry is at an all-time high, with a crowded field of competitors fighting over lower than average demand. Consolidation is expected to slow over the five years to 2024. Nevertheless, operators will likely continue to find it difficult to compete.
This industry sells household, outdoor and office furniture, except those sold in combination with office supplies and equipment. This includes 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.
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