Furniture Manufacturing Industry: Statistics, Forecasts, and Company Data

Furniture Manufacturing - Market Size and Industry Forecast

The 2023 Furniture Manufacturing Industry Report contains historical and forecasted statistics used by leading private equity firms and consultants. Market sizes from 2018 to 2028 reflect industry trends and growth patterns. Revenues include both public and private companies in the furniture manufacturing industry.

HistoricalForecasted
20182019202020212022202320242025202620272028
Market Size (Total Revenue)

% Growth Rate
Number of Companies
Total Employees
Average Revenue per Company
Average Employees per Company
Source: U.S. government financial data.

Industry Revenue ($ Billions)

Industry Revenue Forecast
  • 2016
  • 2017
  • 2018
  • 2019
  • 2020
  • 2021
  • 2022


Advanced econometric models forecast five years of industry growth based on short- and long-term trend analysis. Market size includes revenue generated from all products and services sold within the industry.

Furniture Manufacturing - Geographic Breakdown by U.S. State

Market size by state reveals local opportunity through the number of companies located in the region. Each state's growth rate is affected by regional economic conditions. Data by state can be used to pinpoint profitable and nonprofitable locations for Furniture Manufacturing companies in the United States.

Furniture Manufacturing Revenue by State

Market Size by State

Distribution by Company Size

Company SizeAll IndustriesFurniture Manufacturing
Small Business (< 5 Employees)

Small Business (5 - 20)
Midsized Business (20 - 100)
Large Business (100 - 500)
Enterprise (> 500)

Furniture Manufacturing - Income Statement (Average Financial Metrics)

Financial statement analysis determines averages for the following industry forces:
The report includes a traditional income statement from an "average" company (both public and private companies included).

Industry AveragePercent of Sales
Total Revenue

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


Average Income Statement

Average Income Statement

Cost of Goods Sold

Salaries, Wages, and Benefits

Rent

Advertising

Depreciation and Amortization

Officer Compensation

Net Income


Furniture Manufacturing - Financial Ratio Analysis

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

Financial RatioIndustry Average
Profitability Ratios

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

Furniture Manufacturing - Product Mix

Product DescriptionDescriptionRevenue
($ Millions)

Wood TV, radio, and sewing machine housings

Wood cabinets (TV/radio/sewing machine), used as housings

Wood cabinets, television, audio, and sewing machine

Wood cabinet housings - TV/audio

Wood cabinet housings, other types, incl. sewing machines

Wood cabinets (TV/radio/sewing mach.), housings, nsk, total

Wood cabinets (TV/radio/sewing), housings, nsk, nonad-recs.

Wood cabinets (TV/radio/sewing), housings, nsk, admin-recs.


Furniture Manufacturing - Compensation and Salary Surveys

TitlePercent of WorkforceBottom QuartileAverage (Median) SalaryUpper Quartile
Management Occupations4%

Chief Executives0%
General and Operations Managers2%
Office and Administrative Support Occupations10%
Production Occupations64%
Assemblers and Fabricators12%
Miscellaneous Assemblers and Fabricators12%
Assemblers and Fabricators, All Other, Including Team Assemblers11%
Textile, Apparel, and Furnishings Workers8%
Woodworkers27%
Cabinetmakers and Bench Carpenters18%
Cabinetmakers and Bench Carpenters18%
Woodworking Machine Setters, Operators, and Tenders7%
Woodworking Machine Setters, Operators, and Tenders, Except Sawing5%
Other Production Occupations8%
Transportation and Material Moving Occupations7%
Material Moving Workers6%

Furniture Manufacturing and Adjacent Industries - Top Companies

CompanyAddressRevenue
($ Millions)





Furniture Manufacturing Industry Report
GeographyUnited States  
Publication DateJune 2023
Report FormatPDF Download  
Price

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