Sit a Spell: Although Revenue Will Likely Decline, a Depreciating Dollar May Keep the Industry Afloat
The Canadian Household Furniture Manufacturing industry has been susceptible to US trade tensions with China through 2023. With the United States accounting for the largest export market for operators, the industry has experienced high revenue volatility due to ongoing negotiations on Chinese furniture imports to the United States. Deteriorating economic drivers, such as housing starts, disposable income and residential renovation expenditure, revenue is expected to plummet at a CAGR of 3.0% to $4.0 billion over the five years to 2023, including a 6.6% drop in 2023 alone as the Canadian housing crisis continues.
The industry manufactures a range of furniture for personal, household and public use. Public furniture is used for hospitals, theatres, 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.
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