1. Market Research
  2. > Manufacturing Market Trends
  3. > Furniture Manufacturing

Production of Furniture: Complete Sector Overview

  • Currently 0/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5
0 vote

Global Furniture Manufacturing Industry

The global furniture manufacturing industry has annual revenue of nearly $400 billion, according to the World Furniture Confederation. The industry involves furniture sales for the home and office, and is particularly sensitive to changes in economic climate. The market was hit by the economic recession due to unemployment and low business consumer confidence.

US furniture manufacturers are facing increasing competition from imports, and some are turning to outsourcing to lower expenses by moving part(s) of their production process overseas. US firms also import increasing amounts of good from overseas regions such as China. Typical materials used include wood, synthetics, glass, leather and metal. Apart from furniture such as chairs and desks, firms in the furniture manufacturing industry also produce products such as blinds, shutters, showcases, cabinets, mattresses and countertops.

Overall the global manufacturing industry is fragmented, although certain market segments can be highly concentrated, as is the case with office furniture manufacturing. According to Hoovers, the top 50 firms represent less than 40% of overall industry revenue.

Office Furniture

The US office furniture market saw a decline in 2009 to under $7,850 million, a near 30% drop on the previous year’s figure of over $11,150 million, according to the Business and Institutional Furniture Manufacturer’s Association. The market has seen a slight turnaround in 2011, climbing almost 6% to $8,300 million. About three quarters of the product mix uses non-wood product, with wood representing the remainder. Seating accounted for around a third of furniture produced in the US in 2010. About half of US office furniture exports go to Canada, which imports around 40% of furniture into the US, down from over 60% ten years ago. China also represents about a 40% share, up from under 15% in 2000.

The US wood office furniture manufacturing industry was worth close to $3 billion in 2010, according to Supplier Relations US, representing nearly 35% gross profit. Imports came from more than 65 different countries at a value to $0.7 billion, with exports worth almost $120 million going to over 100 different countries. Domestic demand for US wood office furniture industry reached almost $3.5 billion in 2010.

  Annual U.S. Office Furniture Production by Product Category (2005-2010)

Home Furniture

The home furnishings retail market is expected to grow more than 3.5% yearly from 2010 to 2015, according to MarketLine. This would bring the overall market value to almost $630 billion by the close of 2015.  This market segment refers to household textiles, furniture, and floor coverings. Furniture lead the global home furnishing retail market in 2010, generating revenue of almost $325 billion, or almost 62% of the overall market value.

According to a report from Global Industry Analysts, the global bed and bath furnishings market will be worth almost $28 billion by 2015. Residential construction and consumer demand will fuel market growth. Demand for original design in bed furnishings in developing economies is growing, especially in Latin America and Asia-Pacific.

Read more ยป

Share
24/7 Customer Support

Talk to Sam

+44 20 8816 8032

1-10 of 69 reports

Global Furniture Manufacturing Industry

  • September 2015
    14 pages
  • Furniture Manuf...  

  • Turkey  

    World  

View report >

Furniture Manufacturing Industry in Europe and Vietnam

  • January 2016
    82 pages
  • Furniture Manuf...  

  • Europe  

    Vietnam  

    World  

View report >

Furniture Manufacturing Industry in France

  • January 2014
    10 pages
  • Furniture Manuf...  

  • France  

    Singapore  

View report >

Furniture Manufacturing Industry in Brazil

  • January 2014
    9 pages
  • Furniture Manuf...  

  • Brazil  

    South America  

    World  

View report >

Furniture Manufacturing Industry in Israel

  • November 2015
    7 pages
  • Furniture Manuf...  

  • Israel  

View report >

Furniture Manufacturing Industry in South Africa

  • December 2014
    9 pages
  • Furniture Manuf...  

  • South Africa  

View report >

Furniture Manufacturing Supply in Turkey

  • January 2014
    9 pages
  • Furniture Manuf...  

  • Turkey  

View report >

Furniture Manufacturing Industry in Poland

  • April 2016
    7 pages
  • Furniture Manuf...  

  • Poland  

    Europe  

View report >

Furniture Manufacturing Statistics in the US

  • January 2016
    2 pages
  • Wood  

  • United States  

    North America  

View report >

Furniture Manufacturing Industry in Europe

  • September 2015
    12 pages
  • Furniture Manuf...  

  • Europe  

    Croatia  

View report >


About 300 reports

Purchase Reports From Reputable Market Research Publishers
(From € 479 - € 2 880)

Europe Folding Furniture Industry 2016 Market Research Report

Europe Folding Furniture Industry 2016 Market Research Report

  • € 2 880
  • Industry report
  • April 2016
  • by QY Research Group

The Europe Folding Furniture Industry 2016 Market Research Report is a professional and in-depth study on the current state of the Folding Furniture industry. The report provides a basic overview of the ...

Europe Rta (ready-to-assemble) Furniture Industry 2016 ...

April 2016 € 2 880

Japan Rta (ready-to-assemble) Furniture Industry 2016 M ...

April 2016 € 2 720

Japan Folding Furniture Industry 2016 Market Research R ...

April 2016 € 2 720

Reupholster & Furniture Repair Lines World Report

June 2016 € 2 438

Opportunity In The Indian Lab Furniture Market - 2016; ...

April 2016 € 2 400

Global Hospital Ward Furniture Industry 2016 Market Res ...

April 2016 € 2 280

Global Waiting Room Furniture Industry 2016 Market Rese ...

April 2016 € 2 280

Global Patient Room Furniture Industry 2016 Market Rese ...

April 2016 € 2 280

Global And Chinese Waiting Room Furniture Industry, 201 ...

April 2016 € 2 240

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.