Take a seat: As economic conditions continue to improve, demand for industry services will rise

Revenue for the Office Furniture Rental industry has trended upward over the five years to 2017. The industry is driven by a wide range of macroeconomic factors, such as the number of businesses operating domestically, the unemployment rate and the business sentiment index, all of which are expected to improve during the five-year period. Growth in the number of businesses stimulates demand for office furniture, and thus industry revenue. Over the five years to 2022, industry revenue is anticipated to continue rising albeit at a slower pace, bolstered by continued growth in the number of businesses. Growth in the number of businesses will increase the industry's downstream market size and thus provide a greater pool of businesses for operators to service...purchase to read more.

Industry Statistics & Market Size
Revenue
$407m
Annual Growth 12-17
4.6%
Forecast Growth 17-22
Profit
Employment
1,548
Businesses
156
Market Share of Companies

Industry Threats & Opportunities

  • Industry revenue is anticipated to continue rising, bolstered by continued growth in the number of businesses
  • Revenue for the industry is anticipated to benefit from continued growth in the domestic economy
  • The industry is unique in that demand is also stimulated during times of economic uncertainty
  • Industry Report - Industry Investment Chapter

    In 2017, the Office Furniture Rental industry is expected to have a high degree of capital intensity. IBISWorld estimates that for every $1.00 spent on wages, industry operators spend $1.15 on capital investments. Since industry operators maintain ownership of the merchandise purchased that is intended for leasing or renting, depreciation costs are relatively high. The products that this industry offers have a limited life span, as newer products are being introduced to the market constantly and office format trends come in and out of popularity quickly, which means that operators must constantly invest in new products. For...purchase to read more.

    Additional Insights for the Office Furniture Rental Industry

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

  • Ability to attract local support/patronage
  • Ability to carry out credit checks on clients
  • Ensuring pricing policy is appropriate
  • IBISWorld analysts also discuss how external factors such as Number of businesses and Yield on 10-year Treasury note in the Office Furniture Rental industry impact industry performance..

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    What's in this report

    What is the Office Furniture Rental Industry?

    This industry rents out office furniture to large and small businesses, as well as government entities. Rental furniture includes tables, chairs, desks, cabinets and more.

    Industry Products
  • Partitions and office systems
  • Seating and individual desks
  • Storage units, tables and other equipment
  • Industry Activities
  • Office desk rental or leasing
  • Office table rental or leasing
  • Office storage units rental or leasing
  • Office desk extensions rental or leasing
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Number of businesses
  • Yield on 10-year Treasury note
  • Business sentiment index
  • National unemployment rate

  • Current Performance
  • Operational composition
  • Positive trends
  • External competition and profit trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Structural shift
  • Downstream market expands
  • Rising interest rates, profit trends
  • Table: Office Furniture Rental Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Office Furniture Rental Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Information
  • Finance and Insurance
  • Professional, Scientific and Technical Services
  • Educational Services
  • Accommodation and Food Services

  • Key Selling Industries
  • Furniture Repair & Reupholstery
  • Furniture Stores
  • Furniture Wholesaling
  • Office Furniture Manufacturing

  • Products & Services
  • Seating and individual desks
  • Partitions and office systems
  • Storage units, tables and other equipment
  • Chart: Office Furniture Rental Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Individual entrepreneurs and small and medium sized businesses
  • Government institutions
  • Large businesses
  • Chart: Major Market Segmentation for the Office Furniture Rental Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitWagesDepreciation and purchasesRent, utilities and other expenses
  • Chart: Cost Structure Benchmarking – Sector vs Office Furniture Rental

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Office Furniture Rental Industry

  • Industry Globalization
    CORT,
  • Table: CORT - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Office Furniture Rental 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 Rental Industry
    Includes:
  • Industry Revenue (2008-2022)
  • Industry Gross Product (2008-2022)
  • Establishments (2008-2022)
  • Businesses (2008-2022)
  • Employment (2008-2022)
  • Wages (2008-2022)
  • Number of businesses (2008-2022)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Customer Relationship Management System
  • A system used to manage a company's communication and other interaction with existing and prospective clients.
  • Lease Rate Factor
  • The lease rate factor is used by furniture lessors to determine interest payments.
  • Rent-To-Own
  • A rental contract that carries the option for the renter to purchase an asset at the end of the rental period.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Office Furniture Rental Industry Research Report offers insight into the market at the national level. Our analysis highlights macro trends in the overall sector and the micro trends faced by companies that do business in the Office Furniture Rental industry. Our five-year outlook forecasts explain how the market is set to change and the product segments that will drive growth.

    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 Rental:
    • 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 Rental 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 Rental, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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