Industry Analysis

What is the perseverance that addresses this grocery? o place and Institutional furniture Manufacturing (NAICS) NAICS Code o33712 (NAICS) commercialize Capitalization oThis assiduitys grocery capitalization is $31,238.8 meg (Household and p6) Growth Rate oThe market grew 0.8% from 2004 to 2005 (Household and p5) figure of speech of competitors oThe major competitors in this sedulousness ar: ?Ashley piece of furniture Industries, Inc., ?La-Z-Boy Incorporated, ?Furniture Brands International, Inc., and ?Herman Miller, Inc. (Household and p24) Relative size of competitors oAshley Furniture Industries, Inc. 5.90% mart figure out oLa-Z-Boy Incorporated 5.60% Market Share oFurniture Brands International, Inc. 5.50% Market Share oHerman Miller, Inc. 2.30% Market Share (Household and p24) oOther companies 83.30% (Household and p30) What trends are all-important(prenominal) in this prevarication? oSociocultural trends? ?The labor is slen der to: fashion trends and consumer taste (Household and p33) oDemographic trends? ?The swash Boomer generation has the largest impact on this industry ? tiddler Boomers drop down the most money in this industry (Household durable goods) oTechnology trends?

?Technology varies based on the confederations size and level of competition ?New machines alter more efficient products ?When advances in material occur, all companies in the industry benefit (Household and p19) oEconomic trends? ?This industry is subtile to: economic changes, the step and usage of disposable income, and changes in po stulate for raw materials (Household and p33! ). oGeopolitical trends? ?Exports in this industry are low but change magnitude ?Imports in the industry are high and increasing ?The largest quotation of imports is Chinafollowed by Canada, Italy and Mexico (Household and p7) How does this industry segment the market? oThe industry is segmented into the sideline product and service segments: ?...If you need to get a wide essay, order it on our website: BestEssayCheap.com

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