American Industry Overview: Household Furniture
This industry category includes establishments primarily engaged in manufacturing reed, rattan, and other wicker furniture; plastics and fiberglass household furniture and cabinets.
This industry, which focused primarily on specialized furniture production, was dominated in the late 2000 and early 2010s by small firms. It was distinguished from most manufacturing sectors in that it was characterized by a trend toward more companies with few employees, against overall industrial trends. Of the over 800 companies producing furniture in this industry, over 90 percent had fewer than 25 employees and over 70 percent had fewer than five employees. According to the U.S. Census Bureau, this industry shipped goods valued at $761.1 million in 2008, down from $812.6 million in 2007.
Along with increased international competition, domestic conditions affected the industry as well. During the late 2000s, an economic recession led to a sharp decline in demand. While some companies were able to weather the storm through the increasingly higher prices of raw materials and slow sales, others were forced to shut their doors.