Industry Analysis & Industry Trends
The Office Furniture Wholesaling industry has shown fairly consistent growth over much of the past five years, excluding the current year, growing at a compound annual rate of 0.6%. The industry started the five-year period through 2016-17 on a low base, owing to prolonged financial uncertainty in downstream markets. This meant growth was particularly high in the initial years of the period, as the economy recovered, although this steadied in 2014-15. Both business confidence and business capital expenditure are expected to fall through the current year, following the result of the EU referendum. This is expected to curtail revenue as the resulting economic uncertainty discourages firms from expanding and investing in new furniture... purchase to read more
Industry Report - Industry Locations Chapter
Establishments in this industry are generally located close to business and population centres. Proximity to retailers, office outfitters and end users lowers transportation costs and reduces the time it takes for stock to reach clients. While most businesses use some sort of office furniture, the highest concentration of office space is in London, Birmingham and other urban centres.
London accounts for approximately 19.7% of industry establishments, more than any other UK region. By comparison, London accounts for 13% of the population in the United Kingdom. London has a large, global financial sector, requiring a huge amount of office space. It is also the technology hub of the United Kingdom, with many global tech firms headquartered in London. Man.. purchase to read more