Industry Analysis & Industry Trends
The industry manufactures a wide range of furniture for use in offices, shops and other establishments, including bookcases, shelves, desks and chairs. The total market for office and shop furniture is expected to be worth £3.2 billion in 2016-17, of which IBISWorld estimates that 43.8% is satisfied by imports. Exports are anticipated to generate 15.2% of industry revenue in the current year. Industry revenue is estimated to grow at a compound annual rate of 0.8% over the five years through 2016-17. Over the five-year period, businesses expanded their capital expenditure budgets, which stimulated demand for furniture. Commercial building construction activity also increased, which expanded demand as new buildings had to be furnished... purchase to read more
Industry Report - Industry Products Chapter
The Office and Shop Furniture Manufacturing industry makes a plethora of products including seats, tables, desks, cupboards, cabinets, bookcases, shelves, racks, counters and display cases. These products are made using a range of materials including wood, steel, glass and plastic. Products manufactured using concrete, ceramic and stone are excluded from the industry. Many industry players specialise in manufacturing products for particular target markets and ensure their products meet specific requirements.
Wooden office furniture
Wooden furniture for offices, excluding seats, is the largest product segment and is expected to contribute 29.4% of industry revenue in 2016-17. Wooden desks are the major product in this segment. Oth.. purchase to read more