Well made: A nationwide increase in imports of industry products will hinder industry growth

The Office Furniture Manufacturing industry in New Jersey has grown at a relatively strong rate over the past five years to 2018. However, the industry has experienced quite a bit of volatility in the state with sales expanding rapidly early during the period before stagnating in recent years. Industry revenue is driven by levels of residential construction, which expands office space and demand for related furniture. In addition, the industry produces custom architectural fixtures that are commonly installed in a variety of new commercial establishments. At a local level, industry sales can be very volatile because they can be affected by large one-time contracts for the furnishing of new corporate headquarters or other similarly large projects...purchase to read more.

Industry Statistics & Market Size
Revenue
$551m
Annual Growth 13-18
4.0%
Forecast Growth 18-23
Profit
Employment
2,413
Businesses
168

Industry Threats & Opportunities

  • A nationwide increase in the import of office furniture will raise competition within the industry and limit growth
  • Additional Insights for the Office Furniture Manufacturing in New Jersey Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Office Furniture Manufacturing in New Jersey 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 New Jersey and Number of Businesses in New Jersey in the Office Furniture Manufacturing in New Jersey industry impact industry performance..

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    What's in this report

    What is the Office Furniture Manufacturing in New Jersey 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 New Jersey
  • Number of Businesses in New Jersey
  • Unemployment rate in New Jersey
  • Local and State Government Expenditure in New Jersey

  • Current Performance
    Industry Outlook
    Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Office Furniture Manufacturing in New Jersey 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
  • Custom architectural features
  • Lockers, partitions and shelving
  • Desks and accessories
  • Seating
  • Storage units and tables
  • Other
  • Chart: Office Furniture Manufacturing in New Jersey 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 New Jersey 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 New Jersey

  • Basis of Competition
    Barriers to Entry
    Global Furniture Group, Carmel Furniture Inc., Custom Wood Furniture Inc., Design Line Inc.,
  • Table: Global Furniture Group - financial performance
  • Table: Carmel Furniture Inc. - financial performance
  • Table: Custom Wood Furniture Inc. - financial performance
  • Table: Design Line Inc. - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Office Furniture Manufacturing in New Jersey 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 New Jersey Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Value of private nonresidential construction in New Jersey (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    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 New Jersey 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 New Jersey:
    • 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 New Jersey 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 New Jersey, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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