Furniture Manufacturing Report Summary

SIC Codes: 2426 2434 2511 2512 2514 2517 2519 2521 2522 2531 2541
NAICS Codes: 321999 337110 337121 337122 337124 337125 337127 337211 337212 337214 337215

Chapters Include

  • Industry Overview
  • Quarterly Industry Update
  • Business Challenges
  • Trends and Opportunities
  • Call Preparation Questions
  • Financial Information
  • Industry Forecast
  • Website and Media Links
  • Glossary of Acronyms

Furniture Manufacturing Industry Overview

Excerpt from Furniture Manufacturing Report

Companies in this industry manufacture household, office, and institutional furniture and related products, including mattresses. Major companies include Heritage Home Group, Herman Miller, HNI, La-Z-Boy, Leggett & Platt, Steelcase, and Tempur Sealy (all based in the US), along with Hunter Douglas and IKEA (both in the Netherlands), Natuzzi (Italy), Okamura Corporation (Japan), and Samson Holding (China).

Competitive Landscape

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. Large companies enjoy economies of scale in purchasing. Small companies can compete effectively if they produce specialty items or high-quality workmanship that can sell for a premium price. Some segments, such as mattress manufacturing and office furniture manufacturing, are highly concentrated, but the US industry as a whole is fragmented: the largest 50 companies generate about 40% of revenue.

Products, Operations & Technology

Major product categories include household furniture (about 45% of US industry revenue), office furniture (about 25%), and mattresses, shades, and blinds (about 15%), custom architectural woodwork and millwork (about 10%), and institutional furniture (about 5%).

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