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2018 Market Analysis & Industry Outlook: Furniture Manufacturing


Overview of the U.S. Furniture Manufacturing Industry

This section provides answers to key questions about the industry:
  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Furniture Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)


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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis



Market Forecast[PREMIUM]

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map of Furniture Manufacturing by state

Furniture Manufacturing Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Furniture Manufacturing companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

price index trends

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
 
Source: AnythingResearch Analysis of U.S. federal statistics




Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Furniture Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Furniture Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Furniture Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.


Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.


Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.



Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 4%

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Chief Executives0%
General and Operations Managers2%
Sales and Related Occupations 5%
Office and Administrative Support Occupations 10%
Construction and Extraction Occupations 6%
Construction Trades Workers 6%
Carpenters 5%
Carpenters 5%
Production Occupations 64%
Assemblers and Fabricators 12%
Miscellaneous Assemblers and Fabricators 11%
Team Assemblers 9%
Assemblers and Fabricators, All Other 7%
Metal Workers and Plastic Workers 5%
Textile, Apparel, and Furnishings Workers 8%
Sewing Machine Operators 6%
Sewing Machine Operators 6%
Miscellaneous Textile, Apparel, and Furnishings Workers 6%
Upholsterers 6%
Woodworkers 26%
Cabinetmakers and Bench Carpenters 17%
Cabinetmakers and Bench Carpenters 17%
Woodworking Machine Setters, Operators, and Tenders 7%
Woodworking Machine Setters, Operators, and Tenders, Except Sawing 5%
Other Production Occupations 8%
Transportation and Material Moving Occupations 8%
Material Moving Workers 6%
Laborers and Material Movers, Hand 5%
Source: Bureau of Labor Statistics


Furniture Manufacturing Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate









Innovation News

  • Nevins trademarks "LEAF LIVING WALLS" - Planters for flowers and plants - 12/05/2017
  • Furhaven Pet Products trademarks "FURHAVEN" - totes for pets; backpacks for pets; pet restraining devices, including, leashes, collars, harnesses - 10/27/2017
  • Krown Lab trademarks "TRU-LEVEL" - Metal sliding door hardware - 08/30/2017
  • Paragon Furniture patents Desktop Organization And Display Stand System - 12/15/2016
  • Krown Lab patents Roller Assemblies For Hanging Panels - 11/24/2016




  • Top Innovators

    415398353159
    CompanyInnovation Score
    Steelcase415
    Herman Miller398
    Serta353
    Haworth159

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Detailed examination of the educational furniture market analysis to 2022 - Agency -. The Educational Furniture Market scrutinizing the latest market trend of Educational Furniture globally by type, application, top manufacturers, regions and assessment up to 2017 to 2022. The Educational Furniture Market report contains the ... (01/11/2018)
    • Hospital Furniture Global Industry 2018 Sales, Supply and Consumption Forecasts to 2022 - Scope of the Report: This report focuses on the Hospital Furniture in Global Market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions ... (01/10/2018)
    • Some American Furniture production resumes - ECRU – Slowly but surely, production at the fire-damaged American Furniture Manufacturing plant is returning. On Tuesday, about 200 of the company’s 700 workers were busy building recliners and motion furniture, four days after a massive fire destroyed ... (01/09/2018)
    • Misleading furniture labels: How to tell whether you have the real deal - Here are several common furniture labeling problems, along with advice for how to forge your own solutions. [Are robo-calls driving you crazy? Here’s how to block and beat them.] The old FTC guideline said manufacturers should not use wood names on their ... (01/09/2018)
    • Natuzzi and Jason Furniture (Hangzhou) Co., Ltd. ("Kuka”) Announce a Partnership to Strenghten the Natuzzi Retail Network in Greater China - ... S.p.A. is Italy’s largest furniture house and one of the most important global player in the furniture industry with an extensive manufacturing footprint and a global retail network. Natuzzi is the Italian lifestyle best-known brand in the ... (01/09/2018)
    • American Furniture Manufacturing to resume motion production following fire - ECRU, Miss.-- American Furniture Manufacturing will resume normal production at its Plant 2 Motion Recliner facility Jan. 9, less than four days after a major fire damaged approximately 35% of the company's one million square foot facility. In a message to ... (01/08/2018)
    • Mod Mom Furniture announces licensing partnership with Little Colorado - Since then, I also have visited several furniture trade shows and manufacturing plants in Asia, which has helped me gain perspective about the industry in that part of the world. As I continue covering the import side of the business, I look forward to ... (01/08/2018)
    • How Cloth & Company Is Bringing Fast-Fashion Strategies To The Slow Furniture Market - The secret is digital-print technology that allows the company to print just the fabric desired onto one of 500 Skyline furniture frames and ship it out to the customer in 7 days. It is the same instant manufacturing process that allows fast-fashion brands ... (01/07/2018)
    • U.S. manufacturing adds 25,000 jobs in December, but furniture industry posts loss - The United States added 25,000 manufacturing jobs in December of 2017, primarily in the durable goods sector, according to the U.S. Bureau of Labor Statistics. Companies making durable goods, which primarily includes machinery, fabricated metal products ... (01/05/2018)
    • UPDATE: American Furniture Manufacturing releases statement on fire - PONTOTOC COUNTY, Miss. (WTVA) -- American Furniture Manufacturing released an official statement Saturday regarding the fire that broke out at their plant in Pontotoc County Friday. In the statement they said the plant will be manufacuring furniture again ... (01/05/2018)


    Government Contracts

    In 2016, the federal government spent a total of $1,012,928,598 on Furniture Manufacturing. It has awarded 26,801 contracts to 2,449 companies, with an average value of $413,609 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount





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