Research and Markets: 2013 Report on the $60 Billion US Furniture Manufacturing Industry Featuring Herman Miller, HNI, La-Z-Boy, Leggett & Platt, Steelcase, and Temper-Pedic
by Business Wire
Research and Markets (http://www.researchandmarkets.com/research/2hfn88/furniture) has announced the addition of the "Furniture Manufacturing" report to their offering.
Companies in this industry manufacture products such as wood and metal household, office, and institutional furniture; mattresses; wood kitchen cabinets; and commercial showcases and shelving. Major companies include Furniture Brands International, Herman Miller, HNI, La-Z-Boy, Leggett & Platt, Steelcase, and Temper-Pedic (all based in the US), along with Hunter Douglas (the Netherlands), IKEA (Sweden), Natuzzi (Italy), Okamura Corporation (Japan), and Samson Holding (China).
Worldwide, the furniture manufacturing industry generates about $400 billion in annual revenue. Top countries for furniture manufacturing include China, Germany, Italy, Malaysia, Taiwan, and Vietnam. The European Union is the largest consumer of furniture goods, followed by the NAFTA region (primarily the US and Canada), and Asia (primarily China and Japan).
The US furniture manufacturing industry includes about 20,000 companies with annual revenue of more than $60 billion and is expected to experience a moderate rate of growth over the next two years. Growth drivers include the gradual recovery of the US housing market and demand from consumers and businesses in emerging export markets.
The volume of home furniture sold depends heavily on the level of home sales, while office furniture sales depend on the health of the US economy overall. The profitability of individual companies is closely linked to volume, since many costs are fixed. Small companies can compete effectively if they produce specialty items or high-quality workmanship that can sell for a premium price.
Key Topics Covered:
- Industry Overview
- Quarterly Industry Update
- Business Challenges
- Business Trends
- Industry Opportunities
- Call Preparation Questions
- Financial Information
- Industry Forecast
- Web Links and Acronyms
For more information visit http://www.researchandmarkets.com/research/2hfn88/furniture