In the five years to 2014, the Office Furniture Manufacturing industry is expected to grow off a low recessionary base. As businesses faced economic challenges throughout the recession, companies deferred purchasing new office equipment. Additionally, rising import penetration from countries with lower labor costs, such as China, along with volatile raw material costs hampered industry revenue. Still, industry revenue is expected to increase over the five-year period, fueled by improving economic conditions. Despite overall growth within the industry, domestic players are expected to face increased pressure from imports. In addition, volatile input prices will likely hamper industry profit throughout the next five years. As a result, IBISWorld expects revenue to rise in the five years to 2019.
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.
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.