Household and Institutional Furniture Manufacturing - 2023 U.S. Market Research Report with Updated Recession Risk Forecasts

Household and Institutional Furniture Manufacturing - 2023 U.S. Market Research Report with Updated Recession Risk Forecasts
The 2023 Household and Institutional Furniture Manufacturing Market Research Report is one of the most comprehensive and in-depth assessments of the industry in the United States with over 100 data sets covering 2014-2027.

This 63-page Kentley Insights report is packed with insightful data sets and forecasts to give you a comprehensive understanding of the industry including historical and forecasted industry size, growth, product line breakdown, profitability, financial ratios, 31 balance sheet benchmarks, inventory statistics, extensive industry segmentation by concentration, business size, and business structure, market share of top 50 company segments, market size and other statistics by state, plant utilization, BCG matrix, operating expense details on 26 categories, production material cost detail, organizational breakdown, consolidation analysis, employee productivity, inflation, pay bands for the top 20 industry jobs, trend analysis and forecasts on companies, facilities, employees, payroll, and much more.

This report is based on extensive business surveys filled out by companies in the industry. Our analysts create the forecasts utilizing historical data, macroeconomic trends, industry dynamics, and econometrics. Professionals utilize this report for market sizing, benchmarking, strategic planning, due diligence, valuations, cost-cutting, planning, understanding industry dynamics, evaluating opportunities, forecasting, streamlining, gap analysis, and other analyses.

Review the table of contents to see the data-rich insights which leaders depend on for their market research needs.

This industry includes companies primarily engaged in manufacturing household-type and public building furniture (i.e., library, school, theater, and church furniture). The furniture may be made on a stock or custom basis and may be assembled or unassembled (i.e., knockdown). 

Below are a few of the thousands of stats from the 2023 Household and Institutional Furniture Manufacturing Market Research Report:

INDUSTRY SIZE

In 2022, industry sales were $25.2 billion
Purchase now for historical (2014-2022) and forecasted (2023, 2027) market size

INDUSTRY GROWTH

Over the past 3 years, the industry has grown at an annual rate of 2.6%
Purchase now for historical (2014-2022) and forecasted (2023, 2027) growth rates

COMPANY GROWTH

There are 3,845 companies in the industry
Learn more about the historical and forecasted industry composition

SALES PER FACILITY

In 2022, the average sales per facility was $6.0 million
Purchase now for historical and forecasted sales per company

PPI & PRICING

2022 PPI growth was 14.8%
Purchase now for historical PPI (2014-2022), and forecasts for 2023 & 2027

FINANCIAL RATIO BENCHMARKS

Companies average a Fixed Asset Turnover ratio of 3.1Benchmark nine other important financial ratios

PRODUCTIVITY ANALYSIS

In 2022, employee productivity was $199,986
Purchase now for historical (2014-2022) and forecasted (2023, 2027) employee productivity

EXPENSE BENCHMARKING

2.8% of expenses are spent on health insurance
Benchmark against 24 other expense categories

OPERATING EXPENSES

In 2022, industry operating expenses grew 8.6%
Purchase now for historical and forecasted OPEX

PAYROLL

In 2022, payroll per employee was $46,506
Get the full picture with historicals and the 2023 and 2027 forecasts

JOB CATEGORIZATION BENCHMARKS

3.8% of employees in the industry are in management positions
Benchmark against 13 other job categories

JOB CATEGORIZATION PAY RANGES

The average industry hourly pay for office and administrative jobs is $17.39
Purchase now for the bottom 10%, 25%, average, top 75% and 90% pay ranges in 14 job categories

The above highlights represent a small fraction of what you will find in this report.

Purchase the 63-page 2023 U.S. Market Research Report on Household and Institutional Furniture Manufacturing now to unlock the insight from one of the most trusted research firms.

NAICS code: 33712