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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 | Jun 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 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?

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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