NAICS 42321 - Furniture Merchant Wholesalers
This industry comprises establishments primarily engaged in the merchant wholesale distribution of furniture (except hospital beds, medical furniture, and drafting tables).
Industry trends:
The Furniture Merchant Wholesalers industry (NAICS 42321) has been experiencing several noteworthy qualitative trends. One of the dominant trends is the increased demand for sustainable and eco-friendly furniture. Consumers and businesses alike are prioritizing products made from recycled or renewable materials, pushing wholesalers to source inventory that meets these new standards. Additionally, there is a growing emphasis on customization and modular furniture, as end users seek pieces that offer flexibility and can easily adapt to different spaces and needs. Technology integration in furniture is also rising, with smart furniture that includes built-in charging ports, wireless connectivity, or ergonomic adjustments gaining traction.
In terms of forecasts, the industry is expected to see continued growth in e-commerce and online wholesale platforms. Wholesalers who invest in digital transformation and robust online presence will likely thrive. Additionally, supply chain resilience and diversification will become more critical, especially in the wake of recent global disruptions. Wholesalers may increasingly look to diversify their supplier bases geographically to mitigate risks. Furthermore, the focus on eco-conscious products is projected to grow, potentially leading to regulatory changes and further pushing the industry towards sustainability.
This industry is comprised of:
Antique furniture merchant wholesalers
Baby furniture merchant wholesalers
Cabinets, kitchen, free standing, merchant wholesalers
Furniture (except drafting tables, hospital beds, medical furniture) merchant wholesalers
Furniture parts merchant wholesalers
Hotel furniture merchant wholesalers
Household-type furniture merchant wholesalers
Mattresses merchant wholesalers
Office furniture merchant wholesalers
Outdoor furniture merchant wholesalers
Public building furniture merchant wholesalers
Religious furniture merchant wholesalers
Restaurant furniture merchant wholesalers
School furniture merchant wholesalers
Store furniture merchant wholesalers
Theater seats merchant wholesalers
This report includes the ability to segment your Industry by:
- Region
- Employees
- Net Sales
- Company Age
- Total Assets
- Ownership Type
With iCFO You Get
What Is iCFO?
A review and comparison of financial performance of privately-help companies in specified SIC/NAICS industry segment, using industry standard benchmarks.
Sound Business Analysis
Answers come easily with iCFO. Review ROI, sales per employee, profit margins of the top 10%, top 25% and more, to identify areas of concern and opportunity. Examine what if scenarios and P&L impact of reducing costs or adding revenue.
Your Business’ Health In Minutes
It takes only five minutes to enter your data and produce a concise profile of your company’s fiscal state, including critical business ratios focusing on liquidity, profitability, asset efficiency, and growth.