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Household Furniture Manufacturing in the US - Industry Market Research Report

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    Report

  • 85 Pages
  • November 2023
  • Region: United States
  • IBISWorld
  • ID: 239502

Under the Table: Acceleration in the Housing Market is Expected to Drive New Furniture Purchases

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

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

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Ashley Furniture Industries, Inc.
  • La-Z-Boy Incorporated
  • Ameriwood Home
  • Brown Jordan International Inc.
  • Sauder Woodworking Co.
  • Apex Tool Group, Llc
  • Krueger International, Inc.
  • ISEC Inc.
  • Lifetime Products Inc.
  • Uline, Inc.
  • Heritage Home Group LLC
  • Kellex Corporation
  • Flexsteel Industries Inc.
  • American Seating
  • Hussey Seating Company
  • Spg International Llc
  • Foldcraft Company
  • Lyon LLC
  • Gasser Chair Company
  • CIF Lab Solutions LP
  • WB Manufacturing
  • Voxeljet Ag
  • Highland Products Group LLC
  • Playcore Inc.
  • BK Barrit
  • American Hospitality Furniture
  • American Tables & Seating Mfg. Inc.
  • PSA Laboratory Furniture LLC
  • Beaufurn, Llc
  • Selected Furniture LLC
  • Hni Corporation
  • AMKO Restaurant Furniture Inc.
  • Sandler Seating Inc.
  • Kestell Furniture LLC

Methodology

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