engleski

A Brief Overview of the U.S. Furniture Industry

The U.S. furniture industry has played an important role in the world furniture industry over decades. Today, although having a long and often illustrious history, U.S. furniture manufacturing is in decline, losing considerable market share and competitiveness. The primary reason is imports of lower-priced furniture from Asian countries, particularly China. Over the past decade, over 40 percent of China’s furniture production has been exported to the U.S. Competition from China and other foreign producers has caused the U.S. furniture firms to either decrease production or close facilities leading to a decline in sector employment. Although the present situation in the U.S. furniture industry appears dire, opportunities for the furniture industry exist. Continued exploration of new markets, adding value to current products, highly skilled workers, specific applied technologies of manufacturing, and innovation are essential for those opportunities and success in the future.

furniture industry; innovation; USA

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