Furniture Wholesale

The Furniture Wholesaling industry has expanded over the five years to 2022, rising at an annualized rate of 1.8% to $63.5 billion. However, the COVID-19 (coronavirus) pandemic and associated social-distancing orders fueled a sharp decline in revenue in 2020. Both consumer spending and corporate profit have experienced growth over the past five years, despite declines in 2020. This trend has led to increased spending on big-ticket items during most of the period, such as furniture, for both households and businesses, which represent the industry's two largest markets. Additionally, wholesalers are a major supplier for furniture stores, especially for large stores that stock items in bulk. Ultimately, as the economy has recovered and business activity resumes, revenue is expected to rise 1.8% in 2022. Profit, measured as earnings before interest and taxes, is expected to account for 3.9% of revenue.