The 2018 Furniture and Related Product Manufacturing Market Research Report
The 2018 Market Research Report on the Furniture and Related Product Manufacturing industry in the U.S. will provide you with the key insights, trends and benchmarks you need to create a broad and comprehensive diagnostic and understanding of the industry and your company.
This report is utilized for a range of strategic purposes, including benchmarking, due diligence, cost cutting, planning, evaluating opportunities, forecasting, streamlining, and gap analysis. The report covers over 100 insightful data sets, such as historical market size and forecasted growth, operating expense details, product line breakdown, financial ratios, benchmarks, wages, profitability, organizational analysis, employee productivity, state statistics, price inflation, consolidation analysis, firm dynamics, pay ranges for different roles, firm size data, employment, and much more.
The core data is generated from the most comprehensive set of surveys filled out by companies in the industry. Our analysts generate the commentary and forecasts based on industry dynamics and the macroeconomic environment.
Just look at the table of contents or download a free sample report to see the broad and in-depth insights, which leaders have come to depend on for their research, strategic and benchmarking needs.
Industries in the Furniture and Related Product Manufacturing subsector make furniture and related articles, such as mattresses, window blinds, cabinets, and fixtures. The processes used in the manufacture of furniture include the cutting, bending, molding, laminating, and assembly of such materials as wood, metal, glass, plastics, and rattan. However, the production process for furniture is not solely bending metal, cutting and shaping wood, or extruding and molding plastics. Design and fashion trends play an important part in the production of furniture. The integrated design of the article for both esthetic and functional qualities is also a major part of the process of manufacturing furniture. Design services may be performed by the furniture establishment's work force or may be purchased from industrial designers.
Highlights from the 2018 Furniture and Related Product Manufacturing Market Research Report:
INDUSTRY SIZE & ATTRACTIVENESS
In 2017, industry sales were $76.7 billion
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Over the past 3 years, the industry has grown at an annual rate of 3.3%
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There are 14,370 companies in the industry
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SALES PER COMPANY
In 2017, the average sales per company was $5.3 million
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INFLATION & PRICING
2018 forecasted inflation is 1.3%
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COMPANY SIZE BENCHMARKS
From 2012 to 2017, the number of companies with 20-99 employees grew 2.5%
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For unprofitable companies, the average net loss is -7.4%
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FINANCIAL RATIO BENCHMARKS
Companies average a Fixed Asset Turnover ratio of 2.8
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Employee productivity is $213,988
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2.4% of expenses are spent on health insurance
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In 2017, industry operating expenses grew 5.2%
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In 2017, payroll per employee was $43,628
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PAYROLL BY STATE
California averages $46,319 in payroll per employee
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JOB CATEGORIZATION BENCHMARKS
4.1% of employees in the industry are in management positions
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JOB CATEGORIZATION PAY RANGES
The average industry hourly pay for office and administrative jobs is $17.94
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The above highlights represent a small fraction of what you will find in this report.