Furniture & Furnishings Wholesaling in Canada - Industry Market Research Report

Furniture & Furnishings Wholesaling in Canada - Industry Market Research Report

Furniture & Furnishings Wholesaling in Canada

Furniture and furnishing wholesaling in Canada has expanded slightly following volatile economic conditions. Before the pandemic, revenue fell as wholesalers lost ground to vertically integrated manufacturers. During the pandemic, an uptick in housing starts and residential construction paved the way for a rising need to purchase household furniture. Consumers were also bored at home because of health and safety restrictions, which led them to take up various home improvement projects and renovations. As the effects of the pandemic waned, office and business furniture rebounded from pandemic lows as people returned to the office and corporations aimed to make upgrades in the workplace. Revenue is expected to grow at a CAGR of 0.7% to $5.0 billion over the five years, including a decrease of 3.7% in 2023 alone, when profit will contract to 3.7%.

The Furniture and Furnishings Wholesaling industry in Canada wholesales a broad range of furniture for homes, such as bed frames and sofas. Wholesalers purchase goods from domestic and international manufacturers and sell them to department stores, furniture shops and other businesses.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.