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Office & Shop Furniture Manufacturing in the UK: Market Research Report

Market Research • Market Size • Industry Statistics • Industry Analysis • Industry Trends

Office & Shop Furniture Manufacturing Market Research Report | SIC C31.010 | Jun 2017

Creaking performance: Revenue has fallen over the past two years, following a period of growth

IBISWorld’s Office & Shop Furniture Manufacturing market research report can be used to help you: understand market size and growth potential; major companies; draft business plans and pitch books; and conduct benchmarking and SWOT analysis. Our industry analysis highlights macro industry trends in the overall sector and micro trends faced by companies that do business in the industry. The industry report also provides key industry statistics and 5-year forecasts to anticipate future industry prospects so you can decide with confidence.

Report Snapshot
Market Share of Companies
Senator International Ltd Senator International Ltd market share
Industry Statistics & Market Size
Revenue
£2bn
Annual Growth 13-18
-0.1%
Annual Growth 18-23
Purchase to read more
Profit
Purchase to read more
Employment
18,263
Businesses
908
Industry Threats & Opportunities
  • Recent contraction has outweighed steady industry revenue growth earlier in the period
  • The depreciation of the pound has helped to limit import growth, whilst making exports more attractive
  • The UK’s exit from the European Union is expected to affect both the industry and its markets
  • ... purchase to read more

Industry Analysis & Industry Trends

The industry manufactures a 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 £3.3 billion in 2017-18, of which IBISWorld estimates that 46.5% is satisfied by imports. Exports are anticipated to generate 16% of revenue. The industry expanded during the first three years of the period, as rising business capital spending, increases in commercial construction activity and growth in the number of businesses operating in the United Kingdom propelled demand for furniture manufactured by industry participants. Exports sales also expanded and contributed to the industry’s growth... purchase to read more

Industry Report - Industry Investment Chapter

The level of capital intensity in an industry is determined by comparing the human and capital factors of production, using wages and depreciation costs as proxies. Comparatively high depreciation costs indicate a high level of investment in depreciable assets, such as buildings and equipment. Conversely, comparatively high wage costs are indicative of high labour intensity.

The Office and Shop Furniture Manufacturing industry has a medium level of capital intensity and is estimated to have a capital-to-labour ratio of 1:6.06 in 2017-18. This indicates that for every £1.00 spent on capital, £6.06 is spent on labour. The industry has relatively high labour costs due to the use of skilled employees for production, sales and research and development. On .. purchase to read more

Additional Insights for the Office & Shop Furniture Manufacturing Industry

IBISWorld identifies 250 Key Success Factors for a business.The most important for the Office & Shop Furniture Manufacturing Industry are

  • Having contacts within key markets
  • Guaranteed supply of key inputs
  • Production of goods currently favoured by the market
  • IBISWorld analysts also discuss how external factors such as Business capital expenditure and Demand from commercial building construction in the Office & Shop Furniture Manufacturing industry impact industry performance... purchase to read more

     


    Industry ProductsRelated Reports

    What is the Office & Shop Furniture Manufacturing Industry?

    Operators in this industry manufacture furniture for use in offices, shops and other public areas. They also manufacture furniture for establishments such as hotels, restaurants, theatres, cinemas, schools and laboratories. Furniture made from stone, concrete or ceramic is excluded from the industry.

    Industry Products
    Wooden shop furnitureSeatsWooden office furnitureMetal furniture
     
    Industry Activities
    Manufacturing chairs and seatsManufacturing special furniture for shops, including counters, display cases and shelves Manufacturing office furnitureManufacturing laboratory furniture Manufacturing furniture for churches, schools and restaurantsManufacturing decorative restaurant carts


    Table of Contents
    About this Industry
    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry at a Glance
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Industry Performance
    Executive Summary
    Key External Drivers
  • Business capital expenditure
  • Demand from commercial building construction
  • Government capital expenditure
  • Number of businesses
  • Real effective exchange rate
  • Timber price index
  • Total online expenditure
  • Current Performance
  • Domestic demand conditions
  • Import competition intensifies
  • Profitability dips
  • Chart: Revenue Growth
  • Industry Outlook
  • Demand improves weakly
  • Strong import competition
  • Potential influences
  • Margins improve mildly
  • Table: Office & Shop Furniture Manufacturing Industry Revenue Outlook
  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Office & Shop Furniture Manufacturing Industry Lifecycle vs The Economy
  • Products & Markets
    Supply Chains
  • Key Buying Industries
  • Wholesale and Retail Trade
  • Office Furniture Wholesaling
  • Furniture, Lighting & Homeware Retailers
  • Public Administration and Defence; Compulsory Social Security
  • Education
  • Key Selling Industries
  • Iron & Steel Manufacturing
  • Sawmilling & Wood Planing
  • Products & Services
  • Wooden office furniture
  • Wooden shop furniture
  • Metal furniture
  • Seats
  • Other
  • Chart: Office & Shop Furniture Manufacturing Industry Products and Services Segmentation
  • Demand Determinants
    Major Markets
  • Interior design companies
  • Wholesalers
  • Exports
  • End users
  • Retailers and speciality furniture stores
  • Chart: Major Market Segmentation for the Office & Shop Furniture Manufacturing Industry
  • International Trade
    Business Locations
  • Chart: Business Locations by State
  • Competitive Landscape
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Depreciation
  • Other
  • Chart: Cost Structure Benchmarking – Sector vs Office & Shop Furniture Manufacturing
  • Basis of Competition
  • Internal competition
  • External competition
  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Office & Shop Furniture Manufacturing Industry
  • Industry Globalization
    Major Companies
    Senator International Ltd
  • Table: Senator International Ltd - financial performance
  • Operating Conditions
    Capital Intensity
  • Chart: Level of Capital Intensity for the Office & Shop Furniture Manufacturing Industry
  • Chart: Tools of the Trade: Growth Strategies for Success
  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth
  • Regulation & Policy
    Industry Assistance
    Key Statistics
  • Table: Industry Data for the Office & Shop Furniture Manufacturing Industry
  • Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Exports (2009-2023)
  • Imports (2009-2023)
  • Wages (2009-2023)
  • Table: Annual Percentage Change for Key Industry Data
  • Table: Key Ratios for Industry Key Data
  • Jargon & Glossary
    Plywood
  • A structural material made of layers of wood glued together.
  • Side-Opening Tambours
  • Tambours are all-purpose storage and filing cupboards. The doors of a tambour retract into the sides of the cupboard so they take up less space.
  • Woodworking Machinery
  • Sanding machines, drills, saws, edgebanders, trimmers and work lights are all different types of woodworking machinery.

  • Why Buy this Report?
    IBISWorld industry market research reports enable you to:
    • Find out about key industry trends
    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
    • Quickly build competitive intelligence
    This report on Office & Shop Furniture Manufacturing:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Office & Shop Furniture Manufacturing market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Office & Shop Furniture Manufacturing, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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