The yearly Furniture Today" Top 100 furniture manufacturers list and "Furniture Design and Manufacturing" (FDM) Top 300 furniture industry leaders list give sweeping overviews of the highest grossing furniture manufacturers around the world. The FDM rankings are based solely on annual furniture sales for manufacturers only, while Furniture Today includes bedding and accessory sales as well. The February 2010 online edition of CabinetMaker + FDM list shows very little variation from the website's February 2009 report. The top four brands remained the same and the remaining six companies shuffled positions in the 5th through 10th spots.
Ashley Furniture Industries
Ashley Furniture Industries Inc. comes in second on the 300 industry leaders list published in the February 2010 online edition of CabinetMaker + FDM. The Wisconsin-based manufacturer reported £1.6 billion in sales in 2009 and boasted 15,000 employees. Ashley Furniture moved from eighth in Furniture Today's 2005 list with £593 million in sales up to first in 2006 and remained on top through 2008 at £1.4 billion.
Masco Corporation of Taylor, Mich. remained third on the CabinetMaker + FDM list with £1.4 billion in sales in 2008 and £1.0 billion in 2009. FDM reports that the furniture company maintained about 13,400 employees as of February 2010. Masco manufactures kitchen and bathroom cabinets, entertainment centres and other home furnishings through subsidiary companies including KraftMaid and Merillat in the United States and The Moores Group and Tvilum-Scanbirk in Europe.
Steelcase Incorporated tops the CabinetMaker + FDM lists for 2008 and 2009. The seating, storage and furniture system manufacturing giant reported £2.2 billion in sales in 2008 and £2.0 billion in 2009. Steelcase's 28 North American manufacturing plants occupy 11.8 million square feet, making it the world's largest furniture manufacturer as well as the top seller. The company employed 14,000 employees as of 2009 according to FDM.
The May 2009 online edition of Furniture Today ranks Ikea at number two in the newspaper's top 100 list for 2008. Ikea reported £1.2 billion in furniture, bedding and accessory sales, an increase of 9 per cent from one year earlier. The substantial increase in sales -- £104 million -- made Ikea number one in net volume growth for 2008. A Reputation Institute release issued in 2009 ranks the Swedish furniture manufacturer second best out of all companies worldwide.