Household and Institutional Furniture Manufacturing - Market Size, Financial Statistics, Industry Trends

Industry Overview

This industry comprises establishments primarily engaged in manufacturing household-type and public building furniture (e.g., library, school, theater, and church furniture). This industry includes establishments that manufacture general purpose hospital, laboratory, and/or dental furniture (e.g., stools, tables, benches). The furniture may be made on a stock or custom basis and may be assembled or unassembled (i.e., knockdown). Cross-References. Establishments primarily engaged in--
Source: U.S. Census Bureau

Household and Institutional Furniture Manufacturing Market Size

This report includes historical and forecasted market sizes and industry trends for Household and Institutional Furniture Manufacturing. It reveals overall market dynamics from 2020 through the present, and predicts industry growth or shrinkage through 2030. Revenue data include both public and private companies in the Household and Institutional Furniture Manufacturing industry.

	Historical					Forecasted
	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029	2030
Market Size (Total Revenue)	Included in Report
% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company

Source: U.S. government financial data



Pell Research's advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size statistics include revenue generated from all products and services sold within the Household and Institutional Furniture Manufacturing industry.

Geographic Breakdown by U.S. State

Household and Institutional Furniture Manufacturing market share by state pinpoints local opportunities based on regional revenue statistics. Growth rate for each state is affected by regional economic conditions. Data by state can be used to locate profitable and nonprofitable locations for Household and Institutional Furniture Manufacturing companies in the United States.

Distribution by Company Size

Company Size	All Industries	Household and Institutional Furniture Manufacturing
Small Business (< 5 Employees)	Included
Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Industry Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:

• Cost of goods sold
• Compensation of officers
• Salaries and wages
• Employee benefit programs
• Rent paid
• Advertising and marketing budgets

The report includes a traditional income statement from an "average" Household and Institutional Furniture Manufacturing company (both public and private companies are included).

	Industry Average	Percent of Sales
Total Revenue	Included
Operating Revenue
Cost of Goods Sold (COGS)
Gross Profit
Operating Expenses
Operating Income
Non-Operating Income
Earnings Before Interest and Taxes (EBIT)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit

Financial Ratio Analysis

Financial ratios allow a company's performance to be compared against that of its peers.

Financial Ratio	Industry Average
Profitability Ratios	Included
Profit Margin
ROE
ROA
Liquidity Ratios
Current Ratio
Quick Ratio
Activity Ratios
Average Collection Period
Asset Turnover Ratio
Receivables Turnover Ratio
Inventory Conversion Ratio

Products and Services Mix

Product lines and services in the Household and Institutional Furniture Manufacturing industry accounting for the largest revenue sources.

Product Description	Description	Revenue ($ Millions)
Upholstered household furniture manufacturing	Included
Upholst. wood household furniture, excl. dual-purpose sleep furn.
Upholst. household davenports/sofas/loveseats/settees, wood
Upholstered household sectional sofa pieces, wood
Upholst. household rocking chairs, incl. swivel rockers, wood
Upholstered household reclining chairs, except custom, wood
Upholst. household furniture, oth. types, incl. custom, wood
Upholstered household furniture, wood, nsk
Dual-purpose sleep furn., exc. cust. sold direct cust. at retail
Upholstered household furniture manufacturing, nsk, total

Compensation and Salary Surveys

Salary information for employees working in the Household and Institutional Furniture Manufacturing industry.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	4%	Included
Chief Executives	0%
General and Operations Managers	2%
Office and Administrative Support Occupations	10%
Production Occupations	64%
Assemblers and Fabricators	12%
Miscellaneous Assemblers and Fabricators	12%
Assemblers and Fabricators, All Other, Including Team Assemblers	11%
Textile, Apparel, and Furnishings Workers	8%
Woodworkers	27%
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%

Government Contracts

The federal government spent an annual total of $274,770,133 on the Household and Institutional Furniture Manufacturing industry. It has awarded 4,960 contracts to 727 companies, with an average value of $377,951 per company.

Top Companies in Household and Institutional Furniture Manufacturing and Adjacent Industries

Company	Address	Revenue ($ Millions)
Included