Office Furniture Manufacturing in Canada - Industry Market Research Report
Description
Office Furniture Manufacturing in Canada
Office furniture manufacturing revenue has declined at a CAGR of 1.3% over the past five years to $6.1 billion. The market for office furniture is highly dependent on cyclical macroeconomic conditions like the unemployment rate, corporate profit levels and nonresidential construction activity. These factors have been negatively affected by the COVID-19 (coronavirus) pandemic, which resulted in a drastic revenue decline in 2020. While revenue has experienced partial recovery, it remains below the pre-COVID-19 level. In addition, revenue is expected to decline 5.3% in 2023, driven by increases in unemployment and the rising value of the Canadian dollar.
The Office Furniture Manufacturing industry in Canada 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.
Office furniture manufacturing revenue has declined at a CAGR of 1.3% over the past five years to $6.1 billion. The market for office furniture is highly dependent on cyclical macroeconomic conditions like the unemployment rate, corporate profit levels and nonresidential construction activity. These factors have been negatively affected by the COVID-19 (coronavirus) pandemic, which resulted in a drastic revenue decline in 2020. While revenue has experienced partial recovery, it remains below the pre-COVID-19 level. In addition, revenue is expected to decline 5.3% in 2023, driven by increases in unemployment and the rising value of the Canadian dollar.
The Office Furniture Manufacturing industry in Canada 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.
Table of Contents
40 Pages
- TABLE OF CONTENTS
ABOUT THIS INDUSTRY
Industry Definition
Main Activities
Similar Industries
Additional Resources
INDUSTRY AT A GLANCE
INDUSTRY PERFORMANCE
Executive Summary
Key External Drivers
Current Performance
Industry Outlook
Industry Life Cycle
PRODUCTS & MARKETS
Supply Chain
Products & Services
Demand Determinants
Major Markets
International Trade
Business Locations
COMPETITIVE LANDSCAPE
Market Share Concentration
Key Success Factors
Cost Structure Benchmarks
Basis of Competition
Barriers to Entry
Industry Globalization
MAJOR COMPANIES
OPERATING CONDITIONS
Capital Intensity
Technology & Systems
Revenue Volatility
Regulation & Policy
Industry Assistance
KEY STATISTICS
Industry Data
Annual Change
Key Ratios
JARGON & GLOSSARY
Search Inside Report
Pricing
Currency Rates
Questions or Comments?
Our team has the ability to search within reports to verify it suits your needs. We can also help maximize your budget by finding sections of reports you can purchase.
