Household Furniture Manufacturing in the US - Industry Market Research Report
Description
Household Furniture Manufacturing in the US
Household furniture manufacturers produce various furniture for personal, household and public use; furniture may come assembled or unassembled. New furniture sales have been declining, a trend enhanced by the 2020 pandemic. During the early stages of the pandemic, manufacturers experienced a boom in sales, as low interest rates and high disposable income supported the residential market through gains in housing starts and existing home sales. Consumers often purchase new pieces to furnish their homes after moving. However, high inflation and elevated interest rates caused the residential sector to slow down, reversing the 2021 gains. These factors caused revenue to fall at an estimated CAGR of 4.5% to $23.8 billion over the past five years, including a 5.2% lag in 2023 alone.
This industry manufactures a range of furniture for personal, household and public use. Public furniture is used for hospitals, theaters, cafeterias, schools and other facilities. Furniture may be made on a stock or custom basis and may be sold assembled or unassembled.
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.
Household furniture manufacturers produce various furniture for personal, household and public use; furniture may come assembled or unassembled. New furniture sales have been declining, a trend enhanced by the 2020 pandemic. During the early stages of the pandemic, manufacturers experienced a boom in sales, as low interest rates and high disposable income supported the residential market through gains in housing starts and existing home sales. Consumers often purchase new pieces to furnish their homes after moving. However, high inflation and elevated interest rates caused the residential sector to slow down, reversing the 2021 gains. These factors caused revenue to fall at an estimated CAGR of 4.5% to $23.8 billion over the past five years, including a 5.2% lag in 2023 alone.
This industry manufactures a range of furniture for personal, household and public use. Public furniture is used for hospitals, theaters, cafeterias, schools and other facilities. Furniture may be made on a stock or custom basis and may be sold assembled or unassembled.
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.
Table of Contents
46 Pages
- ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
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