Furniture Manufacturers – Industry Analysis, Statistics, Trends, and Forecasts

SIC 25 | NAICS 337

The following guide to industry research and analysis provides sources for industry statistics, trends, and forecasts, financial ratios, salary surveys, and more.

See the following sections listed below to view available resources by category:

Industry Analysis, Statistics, Trends, and Forecasts

Financial Statements and Financial Ratios

Compensation and Salary Surveys

BV Guides and Databases

For guides to other industries, see our index of over 400 industries.

Industry Analysis, Statistics, Trends, and Forecasts

Household Furniture Manufacturing (view report)
Office Furniture Manufacturing (view report)

Comprehensive industry research reports provide in-depth industry analysis and five-year forecasts, with special focus on the underlying structure and external forces and relationships that affect industries and their performance. Topics addressed in the reports include:

Market size and major product and service segments
Key industry statistics, trends, and financial ratios
Operating conditions and current performance
Competitive landscape and environment
Major company profiles and market shares
Five-year outlook and growth forecasts

Sample industry research report and selected industry statistics including market size, five-year average growth rate, number of businesses, and total employment are available free online.

Smith Leonard PLLC
Furniture Insights
https://www.smithleonardcpas.com/

Monthly survey of residential products manufacturers and distributors provides dollar volume of new orders, shipments, and backlog for the current month, prior month, and current year-to-date and the same periods in the prior year, and percentage change in new orders, shipments, backlog, payrolls, employment, receivables, and inventories for the same time periods compared to the previous year.

American Home Furnishings Alliance
Industry Facts
https://www.ahfa.us/

Annual factsheet provides a summary overview of the residential furniture industry, with information provided including annual consumer spending for this sector in retail dollars, factory shipments and imports of wood and upholstered products, imports as a percent of wood and upholstered products sold in the U.S., and factory employment for the wood and upholstered household products sectors.

BIFMA
Resources available from this trade association include:

Office, Education, and Healthcare Market Size
http://www.bifma.org/
Statistical summary developed by IHS Markit from government data provides aggregate market size data for the U.S., Canada, Mexico, and North America for the last three years in terms of total dollar volume and the percentage change from the prior year, and preliminary estimated aggregate market size data for the most recent year using the same measures. Summary data is available free online.

BIFMA Statistical Program
https://www.bifma.org/
Statistical program provides sales data for members on a monthly, quarterly, and annual basis, with industry overview summaries available all members and detailed reports available to members who
provide statistical data including the "Monthly North American Pulse", "Quarterly Geographic Market Summary", "Quarterly A-Level/B-Level Product Category Report", and "Annual Geographic Report".

Quarterly Product Category Reports
http://www.bifma.org/
Sales reports provide year-to-date sales data for the current quarter compared to the same quarter
in the prior year by product category, with product categories covered in the reports including office products (e.g., chairs, filing/storage, tables, desks, case goods systems, panel/non-panel systems, and other accessories) and specialty non-office products for the healthcare and education markets.

Freedonia Group
Research reports available form this organization include:

Household Furniture: United States
https://www.freedoniagroup.com/
Freedonia Focus research report analyzes demand and shipments at the manufacturers' level, with information provided including historical and forecast market size by product line (e.g., upholstered, nonupholstered wood, and metal, rattan, and other nonupholstered products), and vendors profiled in the report including Ashley Furniture Industries Inc., La-Z-Boy Inc., and Ethan Allen Interiors, Inc.

Office Furniture: United States
https://www.freedoniagroup.com/
Freedonia Focus research report analyzes demand and shipments at the manufacturers' level, with information provided including historical and forecast market size by product segment (e.g., desks and tables, seating, modular systems, and other products such as filing cabinets, bookcases, and credenzas), and vendors profiled including Steelcase Inc., HNI Corporation, and Herman Miller, Inc.

BizMiner Market Analysis Reports
Furniture Manufacturing
https://www.bizminer.com Search for "337" to see available reports

Market analysis reports provide industry statistics for a user-defined area on a national, state, county, metro area, or zip code level, with data provided including number of companies, market volume and sales trends, average company sales, sales per employee, staffing and employment trends, average employee wage, and business start up activity and failure rates. Sample report can be viewed online.

More industry research reports»

Financial Statements and Financial Ratios

BizMiner Industry Financial Ratios
Furniture Manufacturing
https://www.bizminer.com Search for "337" to see available reports

Five-year financial statement analysis reports provide income statements, balance sheets, and key industry financial ratios for companies of all sizes, with financial data available by sales size range on a national, state, and metropolitan area level including:

Income and expenses in dollars and percentages
Balance sheets in dollars and percentages
Profitability and return on investment ratios
Liquidity and working capital ratios
Asset turnover and efficiency ratios
Capital structure and debt service ratios

Sample financial ratio analysis can be viewed free online.

IBISWorld Industry Research Reports
Household and Office Furniture Manufacturing
(see links for individual reports)

Key statistics section of these reports provides detailed income statements and balance sheets on a common-size basis and an array of industry financial ratios, with the financial ratio data presented on an annual basis for the four most recent years for which data is available and on a historical average basis over three-year, five-year, and ten-year time periods. Sample report can be viewed free online.

More financial benchmarking data»

Compensation and Salary Surveys

U.S. Bureau of Labor Statistics
Furniture and Related Product Manufacturing (NAICS 3371/3372)
https://www.bls.gov/oes/

Annual employment and wage surveys provide hourly and annual wage data on a national, state, and metropolitan area level for personnel employed by manufacturers of office desks, chairs, tables, filing cabinets, bookcases, and modular systems; upholstered and nonupholstered household furnishings; and institutional furnishings for hospitals, churches, schools, hotels, restaurants, and other facilities.

PayScale, Inc.
Furniture Manufacturing
https://www.payscale.com/

Free online service provides salary, bonus, and hourly wage rate data for selected job positions such as industrial designer, production manager, CNC operator, assembler, upholsterer, and finisher, with employers for which this data is provided including Ashley Furniture Industries, Inc., Knoll, Inc., La-Z- Boy Incorporated, Herman Miller, Inc., Flexsteel Industries Inc., and Sauder Woodworking Company.

More compensation surveys»

BV Guides and Databases

BVMarketData

Private Company Sales Transaction Databases
https://www.bvresources.com/

Free "Visitor Search" allows users to search DealStats, BIZCOMPS, and FactSet MergerStat for private company sales transaction data by SIC Code or NAICS Code using the following codes:

– SIC Code 25 - Household and Office Furniture Manufacturing

– NAICS Code 337 - Household and Office Furniture Manufacturing

Types of establishments included in these codes

Upholstered household furniture manufacturers - establishments that manufacture household products with upholstered surfaces, such as sofas, chairs, and loveseats.

Wood household furniture manufacturers - establishments that manufacture household products made of wood, such as tables, chairs, and beds.

Metal household furniture manufacturers - establishments that manufacture household products made of metal, such as desks, chairs, and bookcases.

Office furniture manufacturers - establishments that manufacture products designed for use in offices, such as desks, chairs, and filing cabinets.

Custom furniture manufacturers - establishments that manufacture custom products designed to meet specific needs and requirements

RTA (Ready-to-Assemble) furniture manufacturers - establishments that manufacture products that are designed to be assembled by the end-user, typically at home.

Furniture parts and accessories manufacturers - establishments that manufacture parts and accessories used in the production of furniture, such as hardware, upholstery materials, and decorative trim.

Sample reports with detailed transaction data and valuation multiples are available free online.

More valuation data»

Related Industries:
Furniture Stores
Cabinet and Countertop Manufacturers
Office Equipment and Supplies Stores
Store Fixture Manufacturers

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