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Reshoring business.

BUSINESS Dovetailing on the uptick in the housing and remodeling markets, consumer spending for furniture and bedding products grew modestly to $93.9 billion in 2012.

The reshoring efforts by domestic manufacturers is helping slow the tide of imports and grow business. Although imports accounted for 62.7% of total household furniture sold in the U.S. in 2011, it looks to decrease in the coming years as U.S. manufacturers ramp up business and become more price competitive.

In addition to low-cost imports, furniture flammability, formaldehyde emissions and sustainability/Lacey Act are among the issues impacting the estimated 4,000 manufacturing firms.

DESIGN The recent High Point Market featured a number of styles, including a continuing trend for lighter, modern-looking pieces. For casegoods, these include clean lines, lighter tones mixed with contrasting hues, and even some splashes of color. Custom finishes from domestic manufacturers are also more evident than before.

--Major Players--

ASHLEY FURNITURE

FURNITURE BRANDS

LA-Z-BOY

ETHAN ALLEN

FLEXSTEEL

PRODUCT LINES:

Wood & Upholstered Furniture

Casegoods & Couches

Entertainment Units

Bedroom Furniture

Youth Furniture

RTA Furniture

QUICK STATS:

* $93.9 billion: Sales of furniture & mattresses in 2012.

* U.S. employment is estimated at 74,500 jobs.

* Estimated 4,000 household furniture firms in U.S.

Sources: American Home Furnishings Alliance * Mann, Armistead & Epperson * U.S. DOC * U.S. Dept. of Labor * U.S. Census Bureau * Furniture Today

The American Home Furnishings Alliance's 350 members include domestic and import operations.

Domestic furniture makers have a key advantage: proximity to the downstream market.

In 2012, Canada's furniture industry consisted of 6,612 firms, with most in Ontario and Quebec.


U.S. RESIDENTIAL FURNITURE INDUSTRY (2010)   Number of Employees

Type of Manufacturing       Total #    >20   20-100   100-500   500+
                            of Firms

Total Household Furniture   3,895
Upholstered                 1,050      76%   15%      6%        3%
Non-Upholstered Wood        2,567      89%   8%       2%        1%
Metal                       278        74%   18%      5%        3%

Source: U.S. Bureau of Labor Statistics 2008 Survey of U.S.
Businesses

BREAKDOWN OF
PRODUCTS BY
SHIPMENT DOLLARS

Metal                  10.2%
Non-Upholstered Wood   34.7%
Household Other         7.3%
Upholstered            47.8%

Source: U.S. Census Bureau
2007 Economic Census

Note: Table made from pie chart.
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Title Annotation:RESIDENTIAL FURNITURE
Publication:Wood Products
Date:Dec 1, 2013
Words:359
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