Office Furniture Manufacturing in Canada - Industry Market Research Report

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Office furniture manufacturing revenue has declined at a CAGR of 1.3% over the past five years to $6.1 billion. The market for office furniture is highly dependent on cyclical macroeconomic conditions like the unemployment rate, corporate profit levels and nonresidential construction activity. These factors have been negatively affected by the COVID-19 (coronavirus) pandemic, which resulted in a drastic revenue decline in 2020. While revenue has experienced partial recovery, it remains below the pre-COVID-19 level. In addition, revenue is expected to decline 5.3% in 2023, driven by increases in unemployment and the rising value of the Canadian dollar. The Office Furniture Manufacturing industry in Canada produces a wide range of office furniture, including bookcases, cabinets, chairs, desks and filing cabinets. It 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.