The threat that substitute products pose to an industry's profitability depends on the relative price-to-performance ratios of the different types of products or services to which customers can turn to satisfy the same basic need. The threat of
As previously stated the buyers in the furniture manufacturing industry are furniture retailers. Therefore they will require furniture to continue business. There are no substitutes that provide the same use as furniture. In relation to the furniture industry as a whole, there are still very little substitutes to furniture aside from a higher use of closet space or unorthodox measures by consumers. An example of this would be one's choice to live without furniture, which in most cases is very unlikely. Furniture has become a household necessity and consumers have little or no desire to change their lifestyles by eliminating that need. Therefore the threat of substitutes to the furniture manufacturing industry is very low to the point where it is almost non-existent.
White Furniture Company was the “oldest maker of fine furniture.” This phrase was reiterated over and over again by longtime Mebane, North Carolina residents. This company employed 1 out of 20 Mebane residents and was a driving economic force in the town. White 's “regulated many of the rhythms of the town-opening and closing time, lunchtime, weekend and holidays.”
5) Threat of substitutes is low, in comparison with technology that constantly evolves, furniture cannot be easily substituted. But its insignificant impact is fully neutralized by high competition problem.
I figured being a furniture salesman would be a smooth, and easy job while I was studying for a degree in intelligence. I learned very quickly, that the area that I am currently in is not so friendly on the furniture market. People use furniture every day; when you wake up in your bed in the morning, sit at a table to have breakfast, or relax on the couch after a long day, it is scattered all over your house. In 2013, the furniture industry sold over $101 billion, making it one of the most popular, and best-selling commodities in the United States (U.S. Furniture Retail, n.d.). The market for this product can be a very interesting, and dependent market, especially in my area, Fort Myers, Florida (Southwest, Florida or SWFL).
For distribution furniture is sold in over 100,000 department stores, home furnishing stores, and mass-merchandise stores all over the United States, where the specialty and home furnishing stores account for 68 percent of retail sales in the industry. But industry trends show a decrease in individual
The furniture manufacturing in Bulgaria is growing rapidly and a proof for this is the 30% increase since 2007. The rise in sales is also very noticeable. According to the Analysis on development, manufacturing and sales of furniture in Bulgaria done by the National Statistical Institute, the level of sales is twice higher in 2007 compared to the sales performed in 2006.
To ensure a systematic and a complete awareness among its members of industrial, technical, fiscal, economic, social and research problems of the European furniture industry
Navana Furniture Ltd. is one of the main furniture producers in Bangladesh. We began our adventure from 29 May 2002 (according to BOI Registration) and running effectively our voyage till now. Primary center of Navana Furniture Ltd. since its commencement is client needs and their fulfillment. This is the time of way of life item and furniture assume an essential part.