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 Key Buyers Chapter
The industry exhibits low market share concentration. The four largest players in the industry are estimated to account for less than 10% of industry revenue. The industry is fragmented and characterised by small players. Over three-quarters of operators employ fewer than 20 people and only 3.8% of firms employ more than 100 workers. IBISWorld expects there to be 892 players operating in the industry in 2016-17.
However, concentration levels tend to be higher in specific product segments. Firms tend to specialise in a particular range of products or target specific niche segments of the industry. For instance, F.c. Brown (Steel Equipment) Ltd, the industry's second-largest player, focuses only on manufacturing steel storage products. Mea.. purchase to read more