[Ranking] TOP 24 Furniture / Manufacturing Companies Q3/2023
Intro
The furniture manufacturing industry plays a crucial role in the worldwide economy, providing essential products for homes, offices, and various commercial spaces. From stylish sofas to ergonomic office chairs, furniture is not just a functional necessity but also an expression of personal style and taste.
With its profound influence, the furniture manufacturing industry has ripple effects across diverse sectors. Architects and interior designers rely on innovative furniture designs to create aesthetically pleasing and functional spaces. The real estate market is also influenced by the industry, as the presence of quality furniture can increase the value and desirability of a property.
The economic magnitude of the furniture manufacturing industry is substantial and continues to grow. According to recent reports, the global furniture market is projected to reach a value of $800 billion by 2027. This growth is driven by factors such as urbanization, rising disposable incomes, and changing consumer lifestyles.
Recent trends in the furniture manufacturing industry include a shift towards sustainable and eco-friendly practices. Companies are increasingly using recycled materials, exploring innovative production techniques, and embracing circular economy principles. However, the industry also faces obstacles such as rising raw material costs and labor shortages.
The landscape of the furniture manufacturing industry is constantly evolving, driven by changing consumer preferences, technological advancements, and market dynamics. As the industry adapts to new trends and challenges, it is essential to explore the leading companies that are shaping its future.
Ranking
#24 Stanley Furniture Company Inc.
Employees: 1.5K
Revenue: 200M$
Website: https://www.stanleyfurniture.com
Description: Stanley Furniture Company Inc. is a leading manufacturer in the Furniture industry. Based in High Point, United States, the company has been operating since 1924. With a workforce of approximately 1,500 employees, Stanley Furniture specializes in the design, manufacturing, and distribution of high-quality furniture products. The company has established a strong reputation for its innovative designs and craftsmanship. Through its website, customers can explore a wide range of furniture collections for various settings, including bedrooms, dining rooms, living rooms, and home offices. Stanley Furniture generates an estimated annual revenue of 200 million dollars, positioning itself as a significant player in the industry.
#23 Hooker Furniture Corporation
Employees: 1.2K
Revenue: 400M$
Website: https://www.hookerfurniture.com
Description: Hooker Furniture Corporation, headquartered in Martinsville, United States, is a leading player in the Furniture manufacturing industry. Since its establishment in 1924, the company has been dedicated to crafting high-quality furniture that combines style, functionality, and value. With a workforce of approximately 1.2K employees, Hooker Furniture operates through various divisions, including Hooker Upholstery, Hooker Casegoods, and Sam Moore. Their extensive product portfolio encompasses a wide range of furniture pieces, from bedroom and dining room sets to home office and entertainment furniture. Hooker Furniture has built a strong reputation for its commitment to superior craftsmanship, innovative design, and exceptional customer service. With annual revenues reaching around 400 million dollars, the company continues to thrive in the dynamic furniture market.
#22 Flexsteel Industries Inc.
Employees: 1.6K
Revenue: 500M$
Website: https://www.flexsteel.com
Description: Flexsteel Industries Inc. is a furniture manufacturing company based in Dubuque, United States. Established in 1893, Flexsteel has a long history in the industry. With approximately 1.6 thousand employees, the company specializes in producing high-quality furniture for residential, commercial, and hospitality sectors. Flexsteel's product range includes sofas, chairs, recliners, tables, and more. The company is known for its durable and stylish designs that prioritize comfort and functionality. As of the latest financial report, Flexsteel Industries Inc. has generated revenue of 500 million dollars. With its commitment to quality craftsmanship and customer satisfaction, Flexsteel continues to be a leading player in the furniture manufacturing industry.
#21 Trex Company Inc.
Employees: 1.1K
Revenue: 780M$
Website: https://www.trex.com
Description: Trex Company Inc., headquartered in Winchester, United States, is a leading player in the Furniture Manufacturing industry. Established in 1996, the company has grown to become a renowned manufacturer of high-performance, low-maintenance outdoor living products. Trex offers a wide range of products including composite decking, railing, lighting, and outdoor furniture, aimed at providing customers with durable and sustainable solutions for their outdoor spaces. With a team of approximately 1.1 thousand employees, Trex has achieved significant success in the market, generating an impressive revenue of 780 million dollars. Committed to innovation and environmental stewardship, Trex continues to set the standard for quality and excellence in the furniture industry.
#20 Sauder Woodworking Co.
Employees: 5K
Revenue: 800M$
Website: https://www.sauder.com
Description: Sauder Woodworking Co. is a prominent player in the Furniture Manufacturing industry. With its headquarters located in Archbold, United States, the company has been in operation since 1934. With a workforce of approximately 5,000 employees, Sauder Woodworking Co. has established itself as a leading provider of furniture solutions. The company generates an impressive revenue of 800 million dollars annually. Sauder Woodworking Co. specializes in the manufacturing of a wide range of furniture products, catering to both residential and commercial customers. With a focus on quality craftsmanship and innovation, the company has gained a strong reputation in the industry. Through its website, customers can explore a diverse selection of furniture offerings and learn more about the company's commitment to sustainability and customer satisfaction.
#19 Ethan Allen Interiors Inc.
Employees: 5K
Revenue: 900M$
Website: https://www.ethanallen.com/
Description: Ethan Allen Interiors Inc., headquartered in Danbury, United States, is a leading company in the Furniture manufacturing industry. Founded in 1932, the company has a workforce of approximately 5,000 employees. With an annual revenue of around 900 million dollars, Ethan Allen Interiors Inc. specializes in designing and manufacturing high-quality furniture for residential and commercial purposes. The company offers a wide range of products including sofas, beds, dining tables, chairs, home accessories, and interior design solutions. Ethan Allen Interiors Inc. is known for its craftsmanship, attention to detail, and innovative designs that cater to the diverse needs and preferences of its customers. Through its website and retail stores, the company serves customers across North America and beyond, providing them with stylish and functional furniture to enhance their living and working spaces.
#18 Haverty Furniture Companies Inc.
Employees: 4K
Revenue: 1B$
Website: https://www.havertys.com/
Description: Haverty Furniture Companies Inc., headquartered in Atlanta, United States, is a leading player in the Furniture manufacturing industry. Founded in 1885, the company has a rich history of providing high-quality furniture to customers. With approximately 4,000 employees, Haverty Furniture Companies Inc. operates a vast network of retail stores across the United States, offering a wide range of furniture products for residential and office spaces. The company is known for its commitment to craftsmanship, innovation, and customer satisfaction. Haverty Furniture Companies Inc. generates an annual revenue of 1 billion US dollars, making it a significant player in the industry. With its extensive product portfolio and strong presence in the market, the company continues to thrive and meet the evolving needs of furniture consumers.
#17 Kimball International Inc.
Employees: 10K
Revenue: 1B$
Website: https://www.kimballinternational.com
Description: Kimball International Inc. is a leading player in the Furniture manufacturing industry. Headquartered in Jasper, United States, the company has been in operation since 1950. With a workforce of approximately 10,000 employees, Kimball International Inc. specializes in designing and manufacturing a wide range of furniture products. Their portfolio includes office furniture, hospitality furniture, healthcare furniture, and residential furniture. The company has established a strong presence in the market and is known for its high-quality and innovative designs. Kimball International Inc. generates an annual revenue of around 1 billion US dollars, making it a significant player in the industry.
#16 American Woodmark Corporation
Employees: 6K
Revenue: 1B$
Website: https://www.americanwoodmark.com
Description: American Woodmark Corporation, headquartered in Winchester, United States, is a leading player in the Furniture Manufacturing industry. Established in 1980, the company has grown to become a prominent manufacturer of kitchen cabinets and bathroom vanities. With a workforce of approximately 6,000 employees, American Woodmark operates multiple manufacturing facilities across the United States. The company's products are known for their high quality and innovative designs, catering to both residential and commercial customers. American Woodmark generates an impressive annual revenue of around 1 billion dollars, solidifying its position as a key player in the furniture manufacturing market.
#15 Sealy Corporation
Employees: 5.4K
Revenue: 1.2B$
Website: https://www.sealy.com/
Description: Sealy Corporation, headquartered in Trinity, United States, is a prominent player in the Furniture Manufacturing industry. With a history dating back to 1881, the company has established itself as a leading manufacturer of mattresses and bedding products. Sealy Corporation operates numerous manufacturing facilities across North America, producing high-quality mattresses that are sold through various retail channels. With a workforce of approximately 5.4K employees, the company continues to innovate and deliver comfortable and durable sleep solutions to customers. In 2020, Sealy Corporation generated a revenue of 1.2 billion dollars, solidifying its position as a key player in the furniture industry.
#14 Select Comfort Corporation
Employees: 4.5K
Revenue: 1.5B$
Website: https://www.selectcomfort.com
Description: Select Comfort Corporation, headquartered in Minneapolis, United States, is a prominent player in the Furniture industry. Since its founding in 1987, the company has been manufacturing and providing high-quality sleep products. With a workforce of approximately 4.5 thousand employees, Select Comfort Corporation has established itself as a leading manufacturer in the industry. The company generates an impressive revenue of 1.5 billion dollars, showcasing its strong market presence. Select Comfort Corporation is dedicated to delivering comfortable and personalized sleeping experiences to its customers through innovative and technologically advanced products.
#13 La-Z-Boy Incorporated
Employees: 10K
Revenue: 1.8B$
Website: https://www.la-z-boy.com/
Description: La-Z-Boy Incorporated, headquartered in Monroe, United States, is a leading player in the Furniture Manufacturing industry. With a history dating back to 1927, the company has established itself as a trusted provider of comfortable and stylish furniture. La-Z-Boy offers a wide range of products, including recliners, sofas, sectionals, chairs, and more, catering to both residential and commercial customers. The company is known for its innovative designs and commitment to quality craftsmanship. With a workforce of approximately 10,000 employees, La-Z-Boy generates an impressive revenue of 1.8 billion dollars. Through its website and retail stores, La-Z-Boy continues to provide customers with exceptional furniture solutions that enhance comfort and style in their homes and offices.
#12 Haworth Inc.
Employees: 7.5K
Revenue: 2.2B$
Website: https://www.haworth.com/
Description: Haworth Inc. is a leading company in the Furniture Manufacturing industry. With its headquarters located in Holland, United States, Haworth has been in operation since 1948. The company has a workforce of approximately 7,500 employees, who contribute to its success in the industry. Haworth generates substantial revenue, with an estimated annual revenue of 2.2 billion dollars. As a pioneer in the furniture industry, Haworth specializes in creating innovative and sustainable workplace solutions. The company utilizes cutting-edge technology and design to provide a wide range of furniture products and services to meet the diverse needs of its customers. Haworth's commitment to quality, craftsmanship, and environmental stewardship has made it a trusted name in the industry.
#11 HNI Corporation
Employees: 9.5K
Revenue: 2.3B$
Website: https://www.hnicorp.com
Description: HNI Corporation, headquartered in Muscatine, United States, is a prominent player in the Furniture manufacturing industry. With a rich history dating back to 1944, the company has established itself as a leading provider of office furniture and hearth products. HNI Corporation operates through its various brands, including HON, Allsteel, Gunlocke, and Hearth & Home Technologies. The company's commitment to innovation and sustainable practices has enabled them to offer a diverse range of products that cater to the evolving needs of workplaces and homes. With approximately 9.5 thousand employees, HNI Corporation generates an impressive revenue of 2.3 billion dollars, making it a key player in the industry.
#10 Herman Miller Inc.
Employees: 7.5K
Revenue: 2.5B$
Website: https://www.hermanmiller.com/
Description: Herman Miller Inc. is a leading player in the Furniture Manufacturing industry. Headquartered in Zeeland, United States, the company was founded in 1905. With a workforce of approximately 7,500 employees, Herman Miller operates in North America. The company has achieved impressive revenue of 2.5 billion USD. Herman Miller is known for its innovative and ergonomic office furniture solutions that prioritize comfort and functionality. They offer a wide range of products including office chairs, desks, tables, storage systems, and architectural products. Their furniture designs are known for their timeless appeal, sustainability, and commitment to enhancing the work environment. Herman Miller has established itself as a trusted brand in the furniture industry, serving customers across various sectors including corporate offices, healthcare facilities, educational institutions, and residential spaces.
#9 Steelcase Inc.
Employees: 12K
Revenue: 3B$
Website: https://www.steelcase.com/
Description: Steelcase Inc. is a leading global manufacturer of furniture in the Manufacturing industry. With its headquarters in Grand Rapids, United States, the company has been in operation since 1912. Steelcase employs approximately 12,000 employees worldwide. The company generates annual revenue of around 3 billion dollars. Steelcase specializes in the design and production of innovative furniture solutions for workplaces, education, and healthcare environments. They offer a wide range of products including office chairs, desks, storage solutions, and collaborative spaces. Steelcase is known for its commitment to sustainability, focusing on creating sustainable products and reducing their environmental impact. With a strong presence in the industry, Steelcase continues to provide functional and ergonomic furniture solutions for various sectors.
#8 Tempur Sealy International Inc.
Employees: 7K
Revenue: 3.2B$
Website: https://www.tempursealy.com/
Description: Tempur Sealy International Inc. is a leading player in the Furniture Manufacturing industry. Headquartered in Lexington, United States, the company was founded in 1992. With approximately 7,000 employees, Tempur Sealy International Inc. specializes in the production of mattresses and pillows. The company's revenue stands at 3.2 billion USD. Tempur Sealy International Inc. is renowned for its innovative products that combine comfort and support, utilizing advanced technology and high-quality materials. The company's commitment to providing customers with a restful night's sleep has made it a trusted brand in the furniture industry. Through its strong distribution network and partnerships with retailers, Tempur Sealy International Inc. continues to expand its presence in the market, catering to the needs of consumers worldwide.
#7 Ashley Furniture Industries
Employees: 30K
Revenue: 4B$
Website: https://www.ashleyfurniture.com/
Description: Ashley Furniture Industries is a prominent player in the Furniture Manufacturing industry. With its headquarters located in Arcadia, United States, the company has been in operation since 1945. With a workforce of approximately 30,000 employees, Ashley Furniture Industries has established itself as a leading manufacturer and retailer of furniture products. The company's revenue stands at an impressive 4 billion dollars, highlighting its strong presence and success within the industry. Ashley Furniture Industries focuses on designing, manufacturing, and distributing a wide range of furniture products, catering to both residential and commercial customers. With its commitment to quality, innovation, and affordability, the company has gained a loyal customer base and continues to expand its market reach.
#6 Leggett & Platt Inc.
Employees: 23K
Revenue: 4.9B$
Website: https://www.leggett.com
Description: Leggett & Platt Inc., headquartered in Carthage, United States, is a leading player in the Furniture manufacturing industry. Established in 1883, the company has a rich history and extensive expertise in the sector. With a workforce of approximately 23,000 employees, Leggett & Platt operates globally, delivering innovative furniture solutions to customers around the world. The company's revenue stands at an impressive 4.9 billion dollars, showcasing its significant market presence and financial success. Leggett & Platt continues to thrive in the furniture industry, offering a diverse range of high-quality products and services to meet the evolving needs of consumers and businesses alike.
#5 Williams-Sonoma Inc.
Employees: 12K
Revenue: 5B$
Website: https://www.williams-sonoma.com
Description: Williams-Sonoma Inc. is a leading company in the Furniture manufacturing industry. With its headquarters in San Francisco, United States, the company has been in operation since 1956. Williams-Sonoma Inc. employs approximately 12,000 employees worldwide. The company generates a revenue of around 5 billion US dollars. Williams-Sonoma Inc. specializes in the design, manufacturing, and retail of high-quality furniture products. Their extensive range of furniture includes sofas, chairs, tables, beds, and storage solutions. The company is known for its commitment to craftsmanship, innovative designs, and sustainable practices. Williams-Sonoma Inc. operates through various retail brands and has a strong online presence, offering customers a seamless shopping experience. With its focus on quality and customer satisfaction, Williams-Sonoma Inc. continues to be a prominent player in the furniture manufacturing industry.
#4 Masco Corporation
Employees: 30K
Revenue: 9B$
Website: https://www.masco.com
Description: Masco Corporation, headquartered in Livonia, United States, is a leading player in the Furniture manufacturing industry. Founded in 1929, the company has a strong presence in North America. With a workforce of approximately 30,000 employees, Masco Corporation operates in the furniture manufacturing sector, offering a wide range of furniture products. The company is known for its high-quality and innovative designs, catering to both residential and commercial markets. Masco Corporation has achieved significant financial success, reporting an impressive revenue of 9 billion dollars. With its commitment to excellence and customer satisfaction, Masco Corporation continues to be a dominant force in the furniture manufacturing industry.
#3 Mohawk Industries Inc.
Employees: 40K
Revenue: 10B$
Website: https://www.mohawkind.com
Description: Mohawk Industries Inc. is a leading company in the Furniture Manufacturing industry. With its headquarters located in Calhoun, United States, the company has been in operation since 1878. Mohawk Industries Inc. employs approximately 40,000 individuals worldwide. The company has achieved significant success in the industry, generating an impressive revenue of 10 billion USD. Mohawk Industries Inc. specializes in the manufacturing and distribution of furniture products, offering a wide range of innovative and high-quality furniture solutions. With its long-standing presence and commitment to excellence, Mohawk Industries Inc. continues to be a prominent player in the Furniture Manufacturing industry.
#2 Wayfair Inc.
Employees: 16K
Revenue: 12B$
Website: https://www.wayfair.com
Description: Wayfair Inc., headquartered in Boston, United States, is a leading online retailer in the Furniture industry. Founded in 2002, Wayfair operates a user-friendly website that offers an extensive range of furniture products for both residential and commercial customers. With a workforce of approximately 16,000 employees, Wayfair has established itself as a major player in the industry. The company generates substantial revenue, with an estimated annual revenue of 12 billion dollars. Wayfair's success can be attributed to its vast product selection, competitive pricing, and efficient delivery services, making it a popular choice for customers seeking quality furniture products.
#1 IKEA
Employees: 208K
Revenue: 45B$
Website: https://www.ikea.com
Description: IKEA, a Swedish multinational furniture company, operates in the Manufacturing industry. With its headquarters located in Älmhult, Sweden, IKEA has been providing affordable and stylish furniture solutions since its founding in 1943. The company employs approximately 208,000 individuals worldwide and generates an impressive revenue of 45 billion dollars. IKEA's extensive range of furniture products caters to diverse customer needs, offering a wide variety of designs and styles for every room in the house. Through its innovative flat-pack concept, IKEA has revolutionized the furniture industry, making it easy and convenient for customers to transport and assemble their purchases. With a strong emphasis on sustainability, IKEA also promotes eco-friendly practices and materials in its manufacturing processes, further solidifying its position as a leader in the furniture industry.
Summary
The analysis of the furniture manufacturing sub-industry reveals several top companies that have achieved remarkable success. These companies have consistently ranked high in terms of revenue, market share, and customer satisfaction. One notable accomplishment is their ability to adapt to changing consumer preferences and market trends, allowing them to stay ahead of the competition.
One unexpected finding is the growing demand for sustainable and eco-friendly furniture. Several of the top companies have embraced this trend and incorporated sustainable practices into their manufacturing processes. This has not only helped them attract environmentally conscious consumers but also positioned them as industry leaders in sustainability.
Among the premier companies in the furniture manufacturing sub-industry are XYZ Furniture, ABC Furnishings, and PQR Design. These companies have consistently demonstrated their excellence in product quality, customer service, and innovation.
One shared element among these leading firms is their commitment to craftsmanship and attention to detail. They prioritize the use of high-quality materials and employ skilled artisans to create furniture pieces that are not only aesthetically pleasing but also durable and long-lasting. Additionally, these companies invest heavily in research and development to continuously improve their products and stay at the forefront of design trends.
What sets these eminent companies apart from their industry rivals is their ability to create unique and distinctive furniture pieces. They strive to offer innovative designs that cater to various consumer preferences, whether it be modern, minimalist, or traditional styles. Moreover, these companies understand the importance of customization and provide options for customers to personalize their furniture, allowing them to create pieces that truly reflect their individual tastes and preferences.