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Office Furniture Manufacturing in the US: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Office Furniture Manufacturing Market Research Report | NAICS 33721 | Feb 2014

Office space: Demand will rise as businesses expand, but overseas competition will limit growth

IBISWorld’s Office Furniture Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Industry Statistics & Market Size
Revenue
$23bn
Annual Growth 09-14
2.0%
Annual Growth 14-19
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Profit
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Employment
109,081
Businesses
3,805
Industry Analysis & Industry Trends

Low business sentiment and high unemployment adversely affected the industry during the recession, as demand for office furniture remained low. Meanwhile, rising import penetration from China has hurt industry revenue further since the country is able to produce goods at much lower costs. Nevertheless, with the improved job market, demand will revive slowly over the next five years, spurring growth for office furniture manufacturers... purchase to read more

Industry Report - Industry SWOT Analysis Chapter

The Office Furniture Manufacturing industry is in the mature stage of its life cycle. In the 10 years to 2019, industry value added, which measures the industry's contribution to gross domestic product (GDP), is expected to rise at an average annual rate of 1.5%. On the other hand, GDP is projected to increase an average of 2.7% per year in the same period. This indicates that the industry's contribution to the economy is expected to perform below the US economy. Furthermore, the number of enterprises is expected to slowly increase in the ten years to 2019, representing a characteristic of a mature industry. For example, the three largest operators in the industry, Steelcase, Herman Miller and HNI Corporation, closed a total of seven manufacturing plants in 2009... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Office Furniture Manufacturing Industry?

The Office Furniture Manufacturing industry produces a wide range of office furniture, including bookcases, cabinets, chairs, desks and filing cabinets. It also manufactures office and store fixtures, such as cafeteria countertops (except kitchen and bathroom), furniture parts and partitions. Furniture may be ordered predesigned or customized, and may be sold assembled or unassembled.

Industry Products
SeatingOffice systems CasegoodsStorageOther office furniture
 
Industry Activities
Manufacturing office furnitureManufacturing custom architectural woodwork and other fixturesManufacturing showcases, partitions, shelving and lockers


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