Fully furnished: The industry will continue to benefit from the growing number of businesses

The Office Furniture Manufacturing industry in Massachusetts has grown strongly over the past five years, bolstered by in-state growth in commercial construction and the number of businesses. The value of private nonresidential construction in Massachusetts, which measures annual investments in commercial and institutional construction, is expected to grow at an annualized rate of 8.8% over the five years to 2018. Meanwhile, total state employment has increased at an annualized rate of 1.6% during the period. As a result, the state has exhibited strong demand for furnishings for new commercial spaces and expanded workforces. Over the five years to 2018, industry revenue is expected to increase at an annualized rate of 3.5% to $532.1 million, including growth of 4.1% projected in 2018.

Industry Statistics & Market Size
Revenue
$532m
Annual Growth 13-18
3.5%
Forecast Growth 18-23
Profit
Employment
2,018
Businesses
168

Industry Threats & Opportunities


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Industry Report - Industry Locations Chapter

The Office Furniture Manufacturing industry in Massachusetts has an uneven presence across the state. As a manufacturing industry, operators do not have to locate in the direct vicinity of their market; in fact, they may gain a cost advantage by locating further from urban areas that demand the most office furniture. Western Massachusetts is a case in point: it houses 42.3% of industry establishments despite its sparse 12.1% share of state residents, though it is also home to Springfield, which is a popular location for corporate offices. Similarly, the Cape Cod region accounts for 29.5% of establishments but only 3.6% of the population.

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Additional Insights for the Office Furniture Manufacturing in Massachusetts Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Office Furniture Manufacturing in Massachusetts Industry are

  • Having contacts within key markets
  • Guaranteed supply of key inputs
  • Flexible production processes
  • IBISWorld analysts also discuss how external factors such as Value of private nonresidential construction in Massachusetts and Number of businesses in Massachusetts in the Office Furniture Manufacturing in Massachusetts industry impact industry performance..

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    What's in this report

    What is the Office Furniture Manufacturing in Massachusetts 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
  • Custom architectural features
  • Seating
  • Desks and accessories
  • Storage units and tables
  • Lockers, partitions and shelving
  • Industry Activities
  • Manufacturing office furniture
  • Manufacturing custom architectural woodwork and other fixtures
  • Manufacturing showcases, partitions, shelving and lockers
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Value of private nonresidential construction in Massachusetts
  • Number of businesses in Massachusetts
  • Unemployment rate in Massachusetts
  • Local and state government expenditure in Massachusetts

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Office Furniture Manufacturing in Massachusetts Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Furniture Wholesaling
  • Furniture Stores
  • Commercial Building Construction

  • Key Selling Industries
  • Glass Product Manufacturing
  • Iron & Steel Manufacturing
  • Plastic Products Miscellaneous Manufacturing
  • Textile Mills
  • Wood Paneling Manufacturing
  • Woodworking Machinery Manufacturing

  • Products & Services
  • Desks and accessories
  • Custom architectural features
  • Lockers, partitions and shelving
  • Storage units and tables
  • Seating
  • Other
  • Chart: Office Furniture Manufacturing in Massachusetts Industry Products and Services Segmentation

  • Major Markets
  • Business end users
  • Retailers
  • Wholesalers
  • Government agencies
  • Other
  • Chart: Major Market Segmentation for the Office Furniture Manufacturing in Massachusetts Industry

  • Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Chart: Cost Structure Benchmarking – Sector vs Office Furniture Manufacturing in Massachusetts

  • Basis of Competition
    Barriers to Entry
    AIS Inc., Mark Richey Woodworking, New England Wood Systems, Source International Corp.,
  • Table: AIS Inc. - financial performance
  • Table: Mark Richey Woodworking - financial performance
  • Table: New England Wood Systems - financial performance
  • Table: Source International Corp. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Office Furniture Manufacturing in Massachusetts Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Office Furniture Manufacturing in Massachusetts Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Value of private nonresidential construction in Massachusett (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    80/20 Principle
  • Also known as the Pareto Principle, it states that 80.0% of a business's revenue should come from 20.0% of its customers.
  • Case Goods
  • Furniture made of hard materials, such as wood, metal, glass or plastic. Examples of case goods include chests, dressers, bookshelves and cabinets.
  • Edge Banding
  • Veneer or laminate used to conceal the exposed edges of furniture or cabinets that is made of the same type of material.
  • Plywood
  • A structural material made of layers of wood glued together.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Industry Market Report on Office Furniture Manufacturing in Massachusetts is a comprehensive guide to market size and growth prospects. Ensure due diligence in your research with our strategic analysis of the factors influencing companies, including new product developments; economic, lifestyle and demographic influences; distribution and supply chain factors; and pricing issues.

    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Office Furniture Manufacturing in Massachusetts:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Office Furniture Manufacturing in Massachusetts market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Office Furniture Manufacturing in Massachusetts, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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