|
|
 |
|
Viewing report
|
|
|
|
Furniture Manufacturing
First Research, May 2012, Pages: 10
First Research is the leading industry intelligence company that helps sales teams perform faster and smarter, open doors, and close more deals. First Research performs the heavy lifting' by synthesizing hundreds of sources into an easy to digest format that a sales person can consume very quickly to better understand a prospect's business issues.'
Executive Summary
Brief Excerpt from Industry Overview Chapter:
The US furniture manufacturing industry includes about 20,000 companies with about $60 billion in combined annual revenue. Major companies include Steelcase, HNI, Herman Miller, La-Z-Boy, Sealy, and Furniture Brands International. Some segments, such as mattress manufacturing and office furniture manufacturing, are highly concentrated, but the industry as a whole is fragmented: the largest 50 companies generate less than 40 percent of revenue.
The global furniture manufacturing industry generates about $400 billion annually, according to the World Furniture Confederation. Major companies include Natuzzi (Italy), IKEA (Sweden), Samson Holding (China), and Steinhoff International (South Africa). Many of the US furniture manufacturers have international manufacturing operations.
COMPETITIVE LANDSCAPE
The volume of home furniture sold depends heavily on the level of home sales, while office furniture sales depend on the health of the US economy. The profitability of individual companies is closely linked to volume, since many costs are fixed. Small companies can compete effectively if they produce specialty items or high-quality workmanship that can sell for a premium price.
Imports are a major source of competition. In addition, many US manufacturers have factories overseas, where labor and production costs are lower than in the US.
PRODUCTS, OPERATIONS & TECHNOLOGY
Major product categories include household furniture (about 50 percent of industry revenue), office furniture (about 35 percent), and institutional furniture used in schools, hospitals, and churches (about 10 percent). Within the household segment, wood kitchen cabinets account for about 40 percent of sales; upholstered furniture...
Product samples
A sample for this product is available. Please Login/Register to download this sample.
Customers who bought this item also bought
Ventilation Equipment - A US Market Overview
Gaskets and Seals - Global Strategic Business Report
Chemical Wholesalers
Caps & Closures - Global Strategic Business Report
Bus and Coach Manufacturing in North America: Size, Segmentation, Competition, Growth and Trends Underlying the Manufacture and Marketing of Buses and Coaches in North America
Material Handling Equipment - Global Strategic Business Report
Material Handling Equipment Wholesalers
Armored Military Vehicle Manufacturing
The Worldwide Electronics Manufacturing Services Market 2011
U.S. Market for Hearing Aids and Audiology Devices & Audiologist Survey 2012
|
|
|
|
