Number of Institutional Furniture Manufacturing Businesses in the US (2000–2023)
As of 2023
8,946
institutional furniture manufacturing businesses in the United States
Number of Firms Over Time
Total Employment Over Time
Key Insights
- •The institutional furniture manufacturing industry has declined 32.5% since 2000 (from 13,258 to 8,946 firms).
- •The peak year was 2002 with 15,128 firms.
- •Recent trend (last 5 years): the industry is shrinking (-1.1%).
- •Employment: 215,851 workers in 2023 (-47.4% change since 2000).
- •Estimated 5-year survival rate: 63%.
Year-by-Year Data
| Year | Firms | Establishments | Employment | Entry Rate | Exit Rate | Net Growth |
|---|---|---|---|---|---|---|
| 2023 | 8,946 | 9,235 | 215,851 | 7.6% | 8.9% | -6.6% |
| 2022 | 9,119 | 9,389 | 231,672 | 9.0% | 7.8% | +6.8% |
| 2021 | 8,912 | 9,170 | 212,331 | 8.3% | 8.7% | -0.8% |
| 2020 | 8,997 | 9,251 | 214,542 | 6.6% | 9.5% | -2.9% |
| 2019 | 9,047 | 9,303 | 222,133 | 6.5% | 8.8% | -1.4% |
| 2018 | 9,211 | 9,473 | 226,063 | 6.2% | 7.8% | +1.5% |
| 2017 | 9,270 | 9,517 | 223,114 | 6.4% | 8.1% | +1.1% |
| 2016 | 9,800 | 10,068 | 224,416 | 6.6% | 7.5% | +3.0% |
| 2015 | 9,856 | 10,120 | 218,246 | 6.8% | 8.9% | +1.2% |
| 2014 | 10,095 | 10,363 | 214,717 | 7.4% | 8.8% | +4.2% |
Source: U.S. Census Bureau, Business Dynamics Statistics (BDS). Entry/exit rates refer to establishment openings and closings.