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.
Wood & Upholstered Furniture
Casegoods & Couches
* $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.