With less discretionary money available, consumers have cut back or delayed their purchases of big-ticket items, including new furniture for their homes. Such conditions created weak retail demand, causing furniture stores to purchase fewer goods from wholesalers. In addition to weak demand conditions, wholesale bypass has further exacerbated the industry's performance. While demand for home and office furniture will likely pick up with continued improvements in economic conditions, manufacturers and retailers will capture the majority of the furniture distribution market.
Operators in this industry wholesale a broad range of furniture for homes, such as bed frames and sofas, and furniture for offices, schools, hotels and other various businesses. Wholesalers purchase goods from domestic and international manufacturers and sell them to department stores, furniture specialty shops and other respective businesses.
The report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecast, growth rates and an analysis of the industry key players and their market shares.