This classification consists of establishments engaged in manufacturing wood furniture commonly used in dwellings, with the exception of television, radio, phonograph, and sewing machine cabinets, which are classified in SIC 2517: Wood Television, Radio, Phonograph, and Sewing Machine Cabinets; also, millwork production is classified in SIC 2431: Millwork; and wood kitchen cabinets are classified in SIC 2434: Wood Kitchen Cabinets. Cut stone and concrete furniture is classified in the major group for stone, clay, glass, and concrete products; laboratory and hospital furniture, except hospital beds, is in the major group for measuring, analyzing, and controlling instruments. Photographic, medical, and optical goods; watches and clocks; and beauty and barber shop furniture is classified in the major group for miscellaneous manufacturing industries. Finally, those engaged in woodworking to individual order or in the nature of reconditioning and repair are classified in non-manufacturing industries.
Nonupholstered Wood Household Furniture Manufacturing
The nonupholstered wood furniture market has four segments: master bedroom, youth/second bedroom, casual dining, and formal dining. Master bedroom is the largest wood segment, and third largest among all furniture, after sofas and mattresses. The youth/second bedroom segment includes pieces for children, such as cribs and changing stations, along with furniture for spare bedrooms. The line between the remaining two segments, casual and formal dining, grows increasingly blurred, as lifestyle changes spur greater numbers of consumers to opt for casual dining sets over more formal units.
Aside from the master bedroom, a trend toward smaller pieces was sweeping the wood furniture market in the late 2000s. Compact dressers and bed frames may be more suitable for spare bedrooms. Likewise, smaller dining room tables offer flexibility for owners of modest homes, as well as people living in college dorms or assisted-living facilities.
While consumers in the past may have viewed furniture as a long-term investment to be passed down from generation to generation, those of today consider most furniture as disposable. They select pieces based on appearance, perceived quality, and above all, price. This emphasis on value has slashed the profit margin of most U.S. furniture manufacturers. As a result, fewer producers have the ability to...