While improvements in existing home sales and housing starts will drive up demand for household furniture, revenue will decline slightly over the next five years. Import penetration from countries with emerging economies will continue to place significant pricing pressures on domestic furniture manufacturers. However, fortunately for the industry, there is a market for high-quality household furniture, which domestic manufacturers are increasingly producing. As US household furniture manufacturers leverage their competitive advantage in producing high-quality goods, exports are expected to expand, bolstering industry revenue.
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.
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.