Industry Analysis & Industry Trends
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The Online Office Furniture Sales industry is positioned for strong and stable growth, as the unemployment rate slowly declines and internet users grow. As the economy begins to recover, corporate profit and the labor market will improve, benefiting retailers of office furniture. Nevertheless, as more states close the tax loophole that e-tailers have used to their advantage, competition from brick-and-mortar stores will increase.... purchase to read more
Industry Report - Industry SWOT Analysis Chapter
The Online Office Furniture Sales industry is in the growth stage of its life cycle, largely because of growth in e-commerce as a percentage of total retail sales. In the 10 years to 2017, the industry's contribution to the overall economy, which is measured by industry value added, is expected to increase an average of 6.1% annually, compared with annualized GDP growth of 1.8% during the same period. These rates indicate that the industry is in a growth phase because its growth rate outpaces GDP over the 10-year period. Rising industry participation and a growing market also indicate that the industry is in the growth phase of its life cycle.
During the five years to 2012, the number of industry firms is expected to increase at an average annual rate of 2.2% to 841 businesses... purchase to read more