The 2019 Furniture and Related Product Manufacturing Market Research Report is an in-depth evaluation of the industry in the United States.
The report is based on extensive and comprehensive business surveys. 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 includes over 100 insightful data sets, such historical and forecasted industry sales, operating expense details, product line breakdown, financial ratios, benchmarks, wages, profitability, organizational analysis, revenue per employee, state statistics, price inflation, consolidation analysis, firm dynamics, pay ranges for different roles, firm size data, employment, and much more.
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 2019 Furniture and Related Product Manufacturing Market Research Report:
INDUSTRY SIZE & ATTRACTIVENESS
In 2018, industry sales were $79 billion
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Over the past 3 years, the industry has grown at an annual rate of 2.2%
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There are 14,737 companies in the industry
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SALES PER COMPANY
In 2018, the average sales per company was $5.4 million
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INFLATION & PRICING
2019 forecasted inflation is 1.8%
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FINANCIAL RATIO BENCHMARKS
Companies average a Fixed Asset Turnover ratio of 2.8
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Employee productivity is $209,262
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2.4% of expenses are spent on health insurance
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In 2018, industry operating expenses grew 4.1%
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In 2018, payroll per employee was $42,343
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PAYROLL BY STATE
California averages $32,291 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 $18.53
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The above highlights represent a small fraction of what you will find in this report.
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