The 2011-2016 Outlook for Mirror and Picture Frames and Framed Pictures in the United States

Published : February 2011
No. of Pages : 741

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This econometric study covers the latent demand outlook for mirror and picture frames and framed pictures across the states and cities of the United States. Latent demand (in millions of U.S. dollars), or potential industry earnings (P.I.E.) estimates are given across some 13,000 cities in the United States. For each city in question, the percent share the city is of it’s state and of the United States is reported. These comparative benchmarks allow the reader to quickly gauge a city vis-à-vis others. This statistical approach can prove very useful to distribution and/or sales force strategies. Using econometric models which project fundamental economic dynamics within each state and city, latent demand estimates are created for mirror and picture frames and framed pictures. This report does not discuss the specific players in the market serving the latent demand, nor specific details at the product level. The study also does not consider short-term cyclicalities that might affect realized sales. The study, therefore, is strategic in nature, taking an aggregate and long-run view, irrespective of the players or products involved. This study does not report actual sales data (which are simply unavailable, in a comparable or consistent manner in virtually all of the cities in the United States). This study gives, however, my estimates for the latent demand, or the P.I.E., for mirror and picture frames and framed pictures in the United States. It also shows how the P.I.E. is divided and concentrated across the cities and regional markets of the United States. For each state, I also show my estimates of how the P.I.E. grows over time. In order to make these estimates, a multi-stage methodology was employed that is often taught in courses on strategic planning at graduate schools of business.

1 INTRODUCTION 9 1.1 Overview 9 1.2 What is Latent Demand and the P.I.E.? 9 1.3 The Methodology 10 1.3.1 Step 1. Product Definition and Data Collection 11 1.3.2 Step 2. Filtering and Smoothing 12 1.3.3 Step 3. Filling in Missing Values 12 1.3.4 Step 4. Varying Parameter, Non-linear Estimation 13 1.3.5 Step 5. Fixed-Parameter Linear Estimation 13 1.3.6 Step 6. Aggregation and Benchmarking 13 2 SUMMARY OF FINDINGS 14 2.1 Latent Demand in The US 15 3 FAR WEST 16 3.1 Executive Summary 16 3.2 Latent Demand by Year - Alaska 18 3.3 Cities Sorted by Rank - Alaska 19 3.4 Cities Sorted by Zipcode - Alaska 20 3.5 Latent Demand by Year - California 22 3.6 Cities Sorted by Rank - California 23 3.7 Cities Sorted by Zipcode - California 44 3.8 Latent Demand by Year - Hawaii 66 3.9 Cities Sorted by Rank - Hawaii 67 3.10 Cities Sorted by Zipcode - Hawaii 69 3.11 Latent Demand by Year - Nevada 72 3.12 Cities Sorted by Rank - Nevada 73 3.13 Cities Sorted by Zipcode - Nevada 74 3.14 Latent Demand by Year - Oregon 76 3.15 Cities Sorted by Rank - Oregon 77 3.16 Cities Sorted by Zipcode - Oregon 81 3.17 Latent Demand by Year - Washington 86 3.18 Cities Sorted by Rank - Washington 87 3.19 Cities Sorted by Zipcode - Washington 95 4 GREAT LAKES 103 4.1 Executive Summary 103 4.2 Latent Demand by Year - Illinois 105 4.3 Cities Sorted by Rank - Illinois 106 4.4 Cities Sorted by Zipcode - Illinois 120 4.5 Latent Demand by Year - Indiana 135 4.6 Cities Sorted by Rank - Indiana 136 4.7 Cities Sorted by Zipcode - Indiana 143 4.8 Latent Demand by Year - Michigan 150 4.9 Cities Sorted by Rank - Michigan 151 4.10 Cities Sorted by Zipcode - Michigan 160 4.11 Latent Demand by Year - Ohio 170 4.12 Cities Sorted by Rank - Ohio 171 4.13 Cities Sorted by Zipcode - Ohio 184 4.14 Latent Demand by Year - Wisconsin 198 4.15 Cities Sorted by Rank - Wisconsin 199 4.16 Cities Sorted by Zipcode - Wisconsin 210 5 MID-ATLANTIC 222 5.1 Executive Summary 222 5.2 Latent Demand by Year - Delaware 223 5.3 Cities Sorted by Rank - Delaware 224 5.4 Cities Sorted by Zipcode - Delaware 225 5.5 Latent Demand by Year - District of Columbia 226 5.6 Cities Sorted by Rank - District of Columbia 228 5.7 Cities Sorted by Zipcode - District of Columbia 228 5.8 Latent Demand by Year - Maryland 229 5.9 Cities Sorted by Rank - Maryland 230 5.10 Cities Sorted by Zipcode - Maryland 237 5.11 Latent Demand by Year - New Jersey 244 5.12 Cities Sorted by Rank - New Jersey 245 5.13 Cities Sorted by Zipcode - New Jersey 255 5.14 Latent Demand by Year - New York 264 5.15 Cities Sorted by Rank - New York 266 5.16 Cities Sorted by Zipcode - New York 294 5.17 Latent Demand by Year - Pennsylvania 322 5.18 Cities Sorted by Rank - Pennsylvania 323 5.19 Cities Sorted by Zipcode - Pennsylvania 340 6 NEW ENGLAND 358 6.1 Executive Summary 358 6.2 Latent Demand by Year - Connecticut 359 6.3 Cities Sorted by Rank - Connecticut 360 6.4 Cities Sorted by Zipcode - Connecticut 365 6.5 Latent Demand by Year - Maine 370 6.6 Cities Sorted by Rank - Maine 371 6.7 Cities Sorted by Zipcode - Maine 376 6.8 Latent Demand by Year - Massachusetts 383 6.9 Cities Sorted by Rank - Massachusetts 384 6.10 Cities Sorted by Zipcode - Massachusetts 393 6.11 Latent Demand by Year - New Hampshire 402 6.12 Cities Sorted by Rank - New Hampshire 403 6.13 Cities Sorted by Zipcode - New Hampshire 407 6.14 Latent Demand by Year - Rhode Island 412 6.15 Cities Sorted by Rank - Rhode Island 413 6.16 Cities Sorted by Zipcode - Rhode Island 414 6.17 Latent Demand by Year - Vermont 416 6.18 Cities Sorted by Rank - Vermont 417 6.19 Cities Sorted by Zipcode - Vermont 421 7 PLAINS 425 7.1 Executive Summary 425 7.2 Latent Demand by Year - Iowa 427 7.3 Cities Sorted by Rank - Iowa 428 7.4 Cities Sorted by Zipcode - Iowa 433 7.5 Latent Demand by Year - Kansas 438 7.6 Cities Sorted by Rank - Kansas 439 7.7 Cities Sorted by Zipcode - Kansas 442 7.8 Latent Demand by Year - Minnesota 446 7.9 Cities Sorted by Rank - Minnesota 447 7.10 Cities Sorted by Zipcode - Minnesota 454 7.11 Latent Demand by Year - Missouri 462 7.12 Cities Sorted by Rank - Missouri 463 7.13 Cities Sorted by Zipcode - Missouri 470 7.14 Latent Demand by Year - Nebraska 476 7.15 Cities Sorted by Rank - Nebraska 478 7.16 Cities Sorted by Zipcode - Nebraska 480 7.17 Latent Demand by Year - North Dakota 482 7.18 Cities Sorted by Rank - North Dakota 483 7.19 Cities Sorted by Zipcode - North Dakota 484 7.20 Latent Demand by Year - South Dakota 485 7.21 Cities Sorted by Rank - South Dakota 486 7.22 Cities Sorted by Zipcode - South Dakota 487 8 ROCKIES 489 8.1 Executive Summary 489 8.2 Latent Demand by Year - Colorado 490 8.3 Cities Sorted by Rank - Colorado 491 8.4 Cities Sorted by Zipcode - Colorado 495 8.5 Latent Demand by Year - Idaho 500 8.6 Cities Sorted by Rank - Idaho 501 8.7 Cities Sorted by Zipcode - Idaho 502 8.8 Latent Demand by Year - Montana 504 8.9 Cities Sorted by Rank - Montana 505 8.10 Cities Sorted by Zipcode - Montana 507 8.11 Latent Demand by Year - Utah 509 8.12 Cities Sorted by Rank - Utah 510 8.13 Cities Sorted by Zipcode - Utah 513 8.14 Latent Demand by Year - Wyoming 517 8.15 Cities Sorted by Rank - Wyoming 518 8.16 Cities Sorted by Zipcode - Wyoming 519 9 SOUTHEAST 521 9.1 Executive Summary 521 9.2 Latent Demand by Year - Alabama 522 9.3 Cities Sorted by Rank - Alabama 523 9.4 Cities Sorted by Zipcode - Alabama 528 9.5 Latent Demand by Year - Arkansas 534 9.6 Cities Sorted by Rank - Arkansas 535 9.7 Cities Sorted by Zipcode - Arkansas 539 9.8 Latent Demand by Year - Florida 543 9.9 Cities Sorted by Rank - Florida 544 9.10 Cities Sorted by Zipcode - Florida 560 9.11 Latent Demand by Year - Georgia 577 9.12 Cities Sorted by Rank - Georgia 578 9.13 Cities Sorted by Zipcode - Georgia 585 9.14 Latent Demand by Year - Kentucky 592 9.15 Cities Sorted by Rank - Kentucky 593 9.16 Cities Sorted by Zipcode - Kentucky 597 9.17 Latent Demand by Year - Louisiana 602 9.18 Cities Sorted by Rank - Louisiana 603 9.19 Cities Sorted by Zipcode - Louisiana 608 9.20 Latent Demand by Year - Mississippi 613 9.21 Cities Sorted by Rank - Mississippi 614 9.22 Cities Sorted by Zipcode - Mississippi 617 9.23 Latent Demand by Year - North Carolina 620 9.24 Cities Sorted by Rank - North Carolina 621 9.25 Cities Sorted by Zipcode - North Carolina 629 9.26 Latent Demand by Year - South Carolina 637 9.27 Cities Sorted by Rank - South Carolina 638 9.28 Cities Sorted by Zipcode - South Carolina 643 9.29 Latent Demand by Year - Tennessee 648 9.30 Cities Sorted by Rank - Tennessee 649 9.31 Cities Sorted by Zipcode - Tennessee 654 9.32 Latent Demand by Year - Virginia 660 9.33 Cities Sorted by Rank - Virginia 661 9.34 Cities Sorted by Zipcode - Virginia 666 9.35 Latent Demand by Year - West Virginia 671 9.36 Cities Sorted by Rank - West Virginia 672 9.37 Cities Sorted by Zipcode - West Virginia 674 10 SOUTHWEST 677 10.1 Executive Summary 677 10.2 Latent Demand by Year - Arizona 678 10.3 Cities Sorted by Rank - Arizona 679 10.4 Cities Sorted by Zipcode - Arizona 683 10.5 Latent Demand by Year - New Mexico 687 10.6 Cities Sorted by Rank - New Mexico 688 10.7 Cities Sorted by Zipcode - New Mexico 690 10.8 Latent Demand by Year - Oklahoma 693 10.9 Cities Sorted by Rank - Oklahoma 694 10.10 Cities Sorted by Zipcode - Oklahoma 698 10.11 Latent Demand by Year - Texas 702 10.12 Cities Sorted by Rank - Texas 703 10.13 Cities Sorted by Zipcode - Texas 721 11 DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS 740 11.1 Disclaimers & Safe Harbor 740 11.2 ICON Group International, Inc. User Agreement Provisions 741

The 2011-2016 Outlook for Mirror and Picture Frames and Framed Pictures in the United States

Published By: ICON Group International, Inc.

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