The market is dominated by foreign suppliers, as imports account for 50.5% of total market size in 2020. Households drive market demand, with household spending representing 58.5% of total demand in 2020. Canada has the eighth largest market size for furniture across the top 20 developed countries, with demand reaching USD17.0 billion in 2020. Palliser Furniture Upholstery Ltd is the largest company in Canada, generating 38.9% of the industry’s total production value in 2020. The industry is concentrated, with the top five companies generating 64.5% of total production value in 2020. The total number of companies decreases in 2020, to 13,637 units. The costs of the industry decrease by 3.8% in 2020, largely driven by declining B2B costs. The industry’s profitability decreases and stands at 5.9% of production value in 2020, the 18th highest across the top 20 developed countries. With production value of USD10.1 billion, Canada accounts for 11.7% of the North America total in 2020.
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This Euromonitor industrial report provides unique information on Furniture in Canada: ISIC 361. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Furniture in Canada: ISIC 361 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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