NAICS 3371 - Household and Institutional Furniture and Kitchen Cabinet Manufacturing
This industry group comprises establishments manufacturing household-type furniture, such as living room, kitchen and bedroom furniture and institutional (i.e., public building) furniture, such as furniture for schools, theaters, and churches.
Industry trends:
The Household and Institutional Furniture and Kitchen Cabinet Manufacturing industry (NAICS 3371) is currently witnessing several qualitative trends. One notable trend is the increased emphasis on sustainability. Consumers are demanding more eco-friendly products, resulting in a rise in the use of recycled materials and sustainable manufacturing processes. Companies are obtaining certifications like FSC (Forest Stewardship Council) to align with consumer expectations.
Another trend is the growth of customization and personalization. With advancements in technology, manufacturers can offer bespoke designs tailored to individual customer preferences, leveraging 3D modeling and computer-aided design (CAD). This is particularly popular in the kitchen cabinet segment, where personalized layouts and finishes are becoming the norm.
The integration of smart technology into furniture is also gaining momentum. Smart features such as wireless charging, integrated lighting, and voice control are being incorporated into household and institutional furniture, catering to tech-savvy consumers.
Looking forward, the industry is expected to continue evolving with a focus on e-commerce. The pandemic has accelerated the shift towards online shopping, compelling traditional furniture manufacturers to bolster their online presence and digital sales channels. Additionally, there is an anticipated increase in demand for multifunctional and space-saving furniture, driven by urbanization and smaller living spaces.
Overall, innovation, sustainability, and technological integration will shape the future landscape of the Household and Institutional Furniture and Kitchen Cabinet Manufacturing industry.
This industry is comprised of:
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
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