The Office Furniture Manufacturing industry faced headwinds over the five years to 2015 as the lingering effects of the global economic slowdown prevented growth in industry revenue. Low expectations for corporate profit across Canadian industries have tempered office expansion and thus constrained demand for new office furniture. Meanwhile, the industry has faced stiff competition from low-cost imports, which has driven some manufacturers out of the industry entirely. Nonetheless, improving economic conditions over the next five years will provide opportunities for the industry to make large sales to downstream customers such as multinational corporations and government offices.
This industry produces a wide range of office furniture, including bookcases, cabinets, chairs, desks and filing cabinets. It 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.
This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.