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2024 U.S. Industry Statistics & Market Forecast - Furniture Merchant Wholesalers
Market Size & Industry Statistics
The total U.S. industry market size for Furniture Merchant Wholesalers:
Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders.
In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.
Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.
| Statistics | 2019 2020 2021 2022 2023 | |
|---|---|---|
| Market Size (Total Sales/Revenue) |
Order at top of page | |
| Total Firms | ||
| Total Employees | ||
| Average Revenue Per Firm | ||
| Average Employees Per Firm | ||
| Average Revenue Per Employee | ||
Market Forecast
Market forecasts show the long term industry outlook and future growth trends. The following extended five-year forecast projects both short-term and long-term trends.
| Forecast / Industry Outlook | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| Market Forecast ($ millions) | |||||
| Projected Industry Growth Rate (%) | |||||
Industry Insights
Major trends affect the Furniture Merchant Wholesalers industry include:- Increased demand for eco-friendly and sustainable furniture
- Shift towards e-commerce and online sales platforms
- Rise in home offices due to remote work trends
- Greater customization and personalization in furniture design
- Growth in the real estate sector boosting furniture demand
- Integration of technology in furniture products (smart furniture)
- Fluctuations in raw material prices affecting cost structures
- Global supply chain challenges and disruptions
- Increased consumer preference for multifunctional furniture
- Expansion of rental and subscription-based furniture services
Product & Services Breakdown
Research products and services in the Furniture Merchant Wholesalers industry generating sales. Note that products are broken into categories with different levels of classification.| Product Description | Number of Companies | Sales ($ millions) | Percent of Total Sales |
|---|---|---|---|
Industry Total |
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Household And Lawn Furniture |
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Upholstered Furniture |
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Mattresses And Beds |
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Lawn And Outdoor Furniture |
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Other Furniture |
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Sleep Sofas |
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Office And Business Furniture |
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New Wooden And Metal Office Furniture |
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New Store And Restaurant Furniture |
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New Public Furniture, Including Theater Seats, Church Pews, Park Benches, And School Desks |
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Used Office And Business Furniture |
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Flooring And Floor Coverings |
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Rugs And Carpeting |
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Miscellaneous Home Furnishings, Including Household Containers, Flatware, Pans, Baskets, And Kitchen Utensils |
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Mirrors, Lamps, And Picture Frames |
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Other Home Furnishings |
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New Computer Equipment |
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Other Computer Peripheral Equipment |
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Service Receipts And Labor Charges, Including Installed Parts |
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Labor Charges For Repair Work |
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Other Service Receipts And Labor Charges |
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Miscellaneous Commodities |
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U.S. Geographic Distribution: Revenue Statistics by State
Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.
Income Statement (Average Financial Metrics)
Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.| Industry Average | Percent of Sales (Industry Benchmark) |
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|---|---|---|
| Total Revenue | Order at top of page |
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| Operating Revenue | ||
| Cost of Goods Sold | ||
| Gross Profit | ||
Operating Expenses | ||
| Pension, profit sharing plans, stock, annuity | ||
| Repairs | ||
| Rent paid on business property | ||
| Charitable Contributions | ||
| Depletion | ||
| Domestic production activities deduction | ||
| Advertising | ||
| Compensation of officers | ||
| Salaries and wages | ||
| Employee benefit programs | ||
| Taxes and Licenses | ||
| Bad Debts | ||
| Depreciation | ||
| Amortization | ||
| Other Operating Expenses | ||
| Total Operating Expenses | ||
| Operating Income | ||
| Non-Operating Income | ||
| EBIT (Earnings Before Interest and Taxes) | ||
| Interest Expense | ||
| Earnings Before Taxes | ||
| Income Tax | ||
| Net Profit Net Income | ||
Financial Ratio Analysis
Financial ratio information can be used to benchmark how a Furniture Merchant Wholesalers company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.| Profitability & Valuation Ratios | Industry Average |
|---|---|
| Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Furniture Merchant Wholesalers industry is performing. | |
| Profit Margin Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues. |
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| Return on Equity (ROE) Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings). |
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| Return on Assets (ROA) Return on Assets (ROA) is net income relative to total assets. The market research on Furniture Merchant Wholesalers measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets. |
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| Liquidity Ratios | Industry Average |
|---|---|
| Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability. | |
| Current Ratio Measures a firm's ability to pay its debts over the next 12 months. |
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| Quick Ratio (Acid Test) Calculates liquid assets relative to liabilities, excluding inventories. |
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| Efficiency Ratios - Key Performance Indicators | Industry Average |
|---|---|
| Measure how quickly products and services sell, and effectively collections policies are implemented. | |
| Receivables Turnover Ratio If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections. |
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| Average Collection Period Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover |
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| Inventory Turnover A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort. |
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| Fixed-Asset Turnover Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue. |
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Compensation & Salary Surveys for Employees
Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.| Title | Percent of Workforce | Bottom Quartile | Average (Median) Salary | Upper Quartile |
|---|---|---|---|---|
| Management Occupations | 10% | Order at top of page |
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| Chief Executives | 0% | |||
| General and Operations Managers | 5% | |||
| Business and Financial Operations Occupations | 7% | |||
| Business Operations Specialists | 5% | |||
| Sales and Related Occupations | 23% | |||
| Sales Representatives, Wholesale and Manufacturing | 16% | |||
| Sales Representatives, Wholesale and Manufacturing | 16% | |||
| Sales Representatives, Wholesale and Manufacturing, Except Technical and Scientific Products | 13% | |||
| Office and Administrative Support Occupations | 16% | |||
| Installation, Maintenance, and Repair Occupations | 11% | |||
| Production Occupations | 6% | |||
| Transportation and Material Moving Occupations | 20% | |||
| Motor Vehicle Operators | 6% | |||
| Driver/Sales Workers and Truck Drivers | 6% | |||
| Material Moving Workers | 12% | |||
| Laborers and Material Movers | 11% | |||
| Laborers and Freight, Stock, and Material Movers, Hand | 6% | |||
Furniture Merchant Wholesalers Competitor Landscape & Key Companies [PREMIUM]
The most influential companies in the Furniture Merchant Wholesalers industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Furniture Merchant Wholesalers industry and adjacent sectors:| Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry |
Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries |
| Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry. |
Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Furniture Merchant Wholesalers industry. |
Source:
Innovation News
- May 23, 2024: Abbyson Living patents Box Spring With Foldable Frame
- Dec 20, 2023: Heller trademarks "THE BELLINI CHAIR" - Chairs
- Nov 17, 2023: Abbyson Living trademarks "" - Furniture; Lounge furniture; Outdoor furniture
- Nov 17, 2023: Abbyson Living trademarks "" - Furniture; Lounge furniture; Outdoor furniture
- Oct 19, 2023: Abbyson Living patents Control Panel For Furniture And Home Entertainment System
- Aug 17, 2023: Humancentric Ventures patents Webcam Mount
- Jan 06, 2023: RST Brands raises $15 million in funding.
Recent Federal Contracts for Furniture Merchant Wholesalers
- Mar 18, 2024: MISCELLANEOUS FOREIGN AWARDEES (Washington, DC) awarded $66,120
- Mar 13, 2024: WISH ROCK, INC. (Golden, CO) awarded $13,500
- Mar 05, 2024: FEDERAL PRISON INDUSTRIES, INC (Lexington, KY) awarded $11,342
- Feb 29, 2024: HOME ESSENTIALS SL (San Sebastian De Los Reyes, ) awarded $28,722
- Feb 23, 2024: REDORANGE LLC (Fort Washington, PA) awarded $12,200
- Feb 01, 2024: MOI, INC. (Baltimore, MD) awarded $94,321
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