Furniture Wholesaling in the US
The Furniture Wholesaling industry has expanded over the five years to 2019, primarily bolstered by rising demand from businesses and retailers. Both per capita disposable income and corporate profit have experienced growth over the past five years. This has led to an increase in discretionary spending on big-ticket items, such as furniture, for both households and businesses, which represent the industry's two largest markets. Additionally, wholesalers are a major supplier for furniture stores, especially for large stores that stock items in bulk. Overall, industry revenue has increased during the current period. Over the five years to 2024, industry revenue is forecast to continue to increase as economic conditions are projected to improve, albeit at a slower rate compared with the previous five-year period. Furthermore, demand for home and office furniture is expected to remain stable, benefiting the industry during the outlook period.
This industry wholesales a broad range of furniture for homes and businesses. Wholesalers purchase goods from domestic and international manufacturers and sell them to department stores, furniture specialty shops and other respective businesses. This industry includes merchant wholesalers and vertically integrated furniture manufacturers that have moved distribution operations in-house and segment out wholesale operations.
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.
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.Download eBook