Staying seated: Declining housing starts will continue to temper industry revenue growth

Despite the industry experiencing growth during the first half of the reporting period, following over a decade of revenue declines, the Household Furniture Manufacturing in Ontario is projected to continue struggling to compete with foreign operators. With Ontario being a significant presence for the industry, the strong demand from the US market and weak Canadian dollar boosted demand after the industry reached an all-time low in 2012. Due to Ontario's housing starts experiencing a sharp dip in 2013 and the national homeownership rate remaining stagnant, the nonresidential construction market supported the industry during times of strong demand...read more.

Industry Statistics & Market Size
Revenue
$1bn
Annual Growth 13-18
3.1%
Forecast Growth 18-23
Profit
Employment
8,454
Businesses
907

Industry Threats & Opportunities

  • The Ontario market experienced a shift in demand due to the province’s strong growth in nonresidential construction
  • Additional Insights for the Household Furniture Manufacturing in Ontario Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Household Furniture Manufacturing in Ontario Industry are

  • Contracts within key markets
  • Guaranteed supply of key inputs
  • Ability to alter goods and services produced in favour of market conditions
  • IBISWorld analysts also discuss how external factors such as Housing starts in Ontario and Canadian-dollar effective exchange rate index in the Household Furniture Manufacturing in Ontario industry impact industry performance..

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    What's in this report

    What is the Household Furniture Manufacturing in Ontario Industry?

    The Household Furniture Manufacturing industry in Ontario manufactures a range of furniture for personal, household and public use. Public furniture is used for hospitals, theatres, cafeterias, schools and other facilities. Furniture may be made on a stock or custom basis and may be sold assembled or unassembled.

    Industry Products
  • Case goods
  • Upholstered furniture
  • Institutional furniture
  • Other household furniture
  • Industry Activities
  • Upholstered household furniture
  • Nonupholstered wood household furniture
  • Metal household furniture
  • Household furniture (except wood and metal)
  • Institutional furniture
  • Wood TV, radio and sewing machine cabinet
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Housing starts in Ontario
  • Canadian-dollar effective exchange rate index
  • Consumer spending in Ontario
  • Value of residential construction in Ontario
  • World price of wood pulp

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Household Furniture Manufacturing in Ontario Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Furniture & Furnishings Wholesaling in Canada
  • Furniture Stores in Canada
  • Department Stores in Canada
  • Consumers in Canada

  • Key Selling Industries
  • Glass Product Manufacturing in Canada
  • Metal Wholesaling in Canada
  • Plastics & Rubber Machinery Manufacturing in Canada
  • Textile Mills in Canada
  • Wood Panelling Manufacturing in Canada

  • Products & Services
  • Institutional furniture
  • Case goods
  • Upholstered furniture
  • Other household furniture
  • Chart: Household Furniture Manufacturing in Ontario Industry Products and Services Segmentation

  • Major Markets
  • Wholesalers
  • Retailers
  • Business end users
  • Other
  • Chart: Major Market Segmentation for the Household Furniture Manufacturing in Ontario Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Household Furniture Manufacturing in Ontario

  • Basis of Competition
    Barriers to Entry
    Global Furniture Group, Teknion Corporation, Knoll Inc., Dorel Industries Inc., Krueger International Inc.,
  • Table: Global Furniture Group - financial performance
  • Table: Teknion Corporation - financial performance
  • Table: Knoll Inc. - financial performance
  • Table: Dorel Industries Inc. - financial performance
  • Table: Krueger International Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Household Furniture Manufacturing in Ontario Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Household Furniture Manufacturing in Ontario Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • ON - Housing starts in Ontario (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    80/20 Principle
  • Also known as the Pareto Principle, it states, as a rule of thumb, that 80.0% of a business's revenue should come from 20.0% of its customers.
  • Case Goods
  • A classification that includes furniture made of hard materials like wood, metal, glass or plastic.
  • Cellular Manufacturing
  • A lean method of producing similar products using cells, or groups of team members, workstations or equipment, to facilitate operations by eliminating setup and unneeded costs between operations.
  • Contract Outfitter
  • An independent distributor that works with office furniture manufacturers to help clients customize their furniture selections.
  • Edgebanding
  • Veneer or laminate used to conceal the exposed edges of furniture or cabinets and made of the same type of material.
  • Offshore
  • The relocation of a company's business process, such as manufacturing or accounting, from one country to another, whether the work is outsourced or stays within the company.
  • Value Engineering (Ve)
  • VE is a systematic method to improve the value of goods or products and services by using an examination of function.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Household Furniture Manufacturing in Ontario market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

    IBISWorld industry market research reports enable you to:
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    This report on Household Furniture Manufacturing in Ontario:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Household Furniture Manufacturing in Ontario market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Household Furniture Manufacturing in Ontario, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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