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Furniture Manufacture in the US Generates about $65 Billion in Sales from 20,000 Companies.


DUBLIN Dublin, city, Republic of Ireland
Dublin, Irish Baile Átha Cliath, county borough (1991 pop. 915,516), Leinster, capital of the Republic of Ireland, on Dublin Bay at the mouth of the Liffey River.
, Ireland Ireland, Irish Eire (âr`ə) [to it are related the poetic Erin and perhaps the Latin Hibernia], island, 32,598 sq mi (84,429 sq km), second largest of the British Isles.  -- Research and Markets (http://www.researchandmarkets.com/reports/c35963) has announced the addition of Furniture Manufacturing - Industry Profile to their offering.

Furniture manufacture in the US generates about $65 billion in sales from 20,000 companies. While the largest manufacturers like Steelcase Steelcase (NYSE: SCS) is an international office furniture company. It was founded in 1912 in Grand Rapids, Michigan as The Metal Office Furniture Company. The company at the time specialized in mainly file cabinets and safes.  and Herman Miller Herman Miller may refer to:
  • Herman Miller (conlanger), creator of constructed languages
  • Herman Miller (office equipment), U.S. manufacturer of office furniture and equipment
  • Herman Miller (writer) (1919–1999), Hollywood writer and producer
 (office furniture); La-Z-Boy
This article is about the company. For the piece of furniture colloquially called a "Lazyboy", see recliner.
La-Z-Boy Incorporated is a furniture manufacturer based in Monroe, Michigan, USA, and is one of the world’s leading producers of
; Sealy; and Furniture Brands International operate many factories, the average company operates a single plant and produces less than $50 million in annual revenue. Some sectors, such as metal office furniture, are highly concentrated, but the industry as a whole is fragmented frag·ment  
n.
1. A small part broken off or detached.

2. An incomplete or isolated portion; a bit: overheard fragments of their conversation; extant fragments of an old manuscript.

3.
: the largest 50 companies hold less than 50 percent of the market.

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. The profitability of individual companies is closely linked to volume, since many costs are fixed. Small companies can compete effectively if they produce specialty items or high-quality workmanship that can sell for a premium price. Imports have become a major competitive factor.

Manufacturers generally specialize spe·cial·ize
v.
1. To limit one's profession to a particular specialty or subject area for study, research, or treatment.

2. To adapt to a particular function or environment.
 in either household furniture ($40 billion market) or office furniture ($25 billion). Within the household segment, wood furniture accounts for about 60 percent of sales; upholstered furniture 30 percent; and mattresses, metal furniture, and other products 10 percent. Products include "case goods case goods
pl.n.
1.
a. Pieces of furniture, such as bookcases or chests of drawers, that provide interior storage space.

b. Pieces of dining or bedroom furniture sold as sets.

2.
" (bedroom, living room, and dining room furniture); upholstered items like sofas and recliners, kitchen cabinets, mattresses and box springs; and other items such as occasional furniture, home entertainment centers, and grandfather clocks.

These easy-to-use, quarterly industry profiles provide you with the industry analysis you need to better understand any particular business. They synthesize To create a whole or complete unit from parts or components. See synthesis.  information from hundreds of sources into an easy to digest format, giving you invaluable information about your target market, highlighting critical industry statistics and issues, changes that have taken place since the last quarterly update and key concerns that can have negative or positive impacts on investments. Utilizing the financial and forecasting data while simultaneously learning from educational business overviews can help you and your customers plan more effectively and invest wisely.

These industry reports will educate your sales team on critical industry trends in target markets, empowering them to create more strategic proposals. These industry reports are also essential for professional organizations that want make savvy, educated business decisions.

Key topics covered:

--Industry Overview

--Quarterly Industry Update

--Business Challenges

--Trends and Opportunities

--Call Preparation Questions

--Financial Information

--Industry Forecast

--Website and Media Links

--Glossary of Acronyms

For more information visit http://www.researchandmarkets.com/reports/c35963
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No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2006, Gale Group. All rights reserved. Gale Group is a Thomson Corporation Company.

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Publication:Business Wire
Date:Apr 21, 2006
Words:417
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