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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 | Oct 2014

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

IBISWorld’s Office Furniture Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

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

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 Investment Chapter

The Office Furniture Manufacturing industry has a low level of capital intensity. IBISWorld estimates that for every dollar spent on wages, firms in the industry spend $0.11 on machinery and equipment. The low capital costs reflect the industry's reliance on qualified personnel for the architectural and design components of the production process. The industry also consists of many small- to-medium-sized firms, which generally have higher labor intensity because they often cannot afford large amounts of capital. However, in the five years to 2014 the industry is expected to decrease labor costs by implementing computerized inventory management systems and electronic processing technology... purchase to read more

 


Industry ProductsRelated ReportsTable of Contents

What is the Office Furniture Manufacturing Industry?

Operators in the Office Furniture Manufacturing industry manufacture a wide range of office furniture, including bookcases, cabinets, chairs, desks and filing cabinets. This industry 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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