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|Current State of the Industry|
|Market Size (industry trends)|
|Market Forecast (5-year projection)|
|Revenue per State|
|Salary & Compensation Statistics|
|Public Company Information|
|Key Private Companies|
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2020 U.S. Industry Statistics & Market Research - Wood Office Furniture Manufacturing
Market Size & Industry Statistics
The total U.S. industry market size for Wood Office 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.
|Statistics||2014 2015 2016 2017 2018 2019|
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|Average Revenue Per Firm|
|Average Employees Per Firm|
|Average Revenue Per Employee|
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year / six-year demand forecast projects both short-term and long-term trends.
|Forecast / Industry Outlook||2020||2021||2022||2023||2024||2025|
|Market Forecast ($ millions)|
|Projected Industry Growth Rate (%)|
Product & Services BreakdownResearch products and services in the Wood Office Furniture Manufacturing industry generating sales. Note that products are broken into categories with different levels of classification.
|Product Description||Sales ($ millions)||Percent of Total Sales|
Wood Office Furniture Manufacturing
Wood Office Seating, Including Upholstered
Wood Office Desks And Desk Extensions
Wood Office Files, Storage Units, And Tables
Wood Office Furniture, Other Types (Including Panel And Desking System Accessories And Components)
Wood Office Furniture Manufacturing, Not Categorized, Total
Office Furniture (Except Wood) Manufacturing
Office Seating, Including Upholstered, Excluding Wood
U.S. Geographic Distribution: Revenue Statistics by StateMarket 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.
Wood Office Furniture Manufacturing Industry Price TrendsRise 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 Wood Office 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.
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 Average||Percent of Sales|
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|Cost of Goods Sold|
|Pension, profit sharing plans, stock, annuity|
|Rent paid on business property|
|Domestic production activities deduction|
|Compensation of officers|
|Salaries and wages|
|Employee benefit programs|
|Taxes and Licenses|
|Other Operating Expenses|
|Total Operating Expenses|
|EBIT (Earnings Before Interest and Taxes)|
|Earnings Before Taxes|
Financial Ratio AnalysisFinancial ratio information can be used to benchmark how a Wood Office Furniture Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.
|Profitability & Valuation Ratios||Industry 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 Wood Office Furniture Manufacturing industry is performing.|
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 Wood Office Furniture Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.
|Liquidity Ratios||Industry Average|
|Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.|
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 Indicators||Industry 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
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
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 EmployeesCompensation 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.
|Title||Percent of Workforce||Bottom Quartile||Average (Median) Salary||Upper Quartile|
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|General and Operations Managers||2%|
|Office and Administrative Support Occupations||10%|
|Assemblers and Fabricators||12%|
|Miscellaneous Assemblers and Fabricators||12%|
|Assemblers and Fabricators, All Other, Including Team Assemblers||11%|
|Textile, Apparel, and Furnishings Workers||8%|
|Cabinetmakers and Bench Carpenters||18%|
|Cabinetmakers and Bench Carpenters||18%|
|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||7%|
|Material Moving Workers||6%|
Wood Office Furniture Manufacturing Competitor Landscape & Key Companies [PREMIUM]The most influential companies in the Wood Office Furniture Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Wood Office Furniture Manufacturing industry and adjacent sectors:
Companies with the largest market share, focused in this industry
|Market leaders: |
Largest companies that have diversified operations in this and other industries
Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.
Innovators and Disruptors in adjacent industries that may also affect the Wood Office Furniture Manufacturing industry.
Government ContractsIn 2020, the federal government spent a total of $123,803,115 on Wood Office Furniture Manufacturing. It has awarded 4392 contracts to 179 companies, with an average value of $691,638 per company.
|Most Recent Contracts||Date||Total Award Amount|
|FEDERAL PRISON INDUSTRIES INC |
1300 Metropolitan Ave
|Nov 13, 2020||$53,870|
|PRICE MODERN LLC |
2604 Sisson St Ste 1
|Nov 13, 2020||$8,826|
8401 Old Courthouse Rd
|Nov 12, 2020||$1,665|
|NIGHTINGALE CORP |
2301 Dixie Rd
|Nov 10, 2020||$34,842|
|TRINITY FURNITURE INC |
6089 Kennedy Road
|Nov 09, 2020||$19,113|
|HAWORTH, INC. |
1 Haworth Ctr
|Nov 06, 2020||$14,855|