Industry Analysis & Industry Trends
In the five years to 2014, the Office Furniture Manufacturing industry is expected to grow off a low recessionary base. As businesses faced economic challenges throughout the recession, companies deferred purchasing new office equipment. Additionally, rising import penetration from countries with lower labor costs, such as China, along with volatile raw material costs hampered industry revenue. Still, industry revenue is expected to increase over the five-year period, fueled by improving economic conditions. Despite overall growth within the industry, domestic players are expected to face increased pressure from imports. In addition, volatile input prices will likely hamper industry profit throughout the next five years... purchase to read more
Industry Report - Industry Products Chapter
This industry produces a range of office furniture, including desks, chairs, cubicles and filing cabinets. IBISWorld categorizes industry products into four groups: seating, office systems, casegoods, and storage and other.
Seating equipment, which includes computer chairs, desk chairs and couches, is expected to make up the largest product segment for the industry. In the five years to 2014, this segment's share of revenue has increased to 33.1%, fueled by growing concerns about health and safety in the office. Many companies have increasingly focused on ergonomically designed chairs, which are designed to prevent repetitive stress injuries and back pain associated with sitting for long periods of time and often include adjustable seats, armrests and backs... purchase to read more