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Office Furniture Manufacturing in the US - Industry Market Research Report

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    Report

  • 95 Pages
  • August 2024
  • Region: United States
  • IBISWorld
  • ID: 239503

New office: Private nonresidential construction will support industry revenue growth

The Office Furniture Manufacturing industry has had mixed results, ultimately declining over the years leading up to 2023. The fundamental drivers of demand for office furniture, office rental vacancy and the value of private nonresidential construction have declined. This largely stems from the COVID-19 pandemic, which caused a spike in unemployment in 2020 and left a lasting trend of working from home. On top of that, basic, low-cost furniture items have endured competition from imports, while demand for export goods has declined. Industry revenue is set to decline at a CAGR of 3.4% to $28.8 billion, including a decline of 2.3% in 2023 alone. Operators in the Office Furniture Manufacturing industry manufacture a wide range of office furniture, including bookcases, cabinets, chairs, desks and filing cabinets. This industry 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.

Table of Contents

ABOUT THIS INDUSTRY
  • Industry Definition
  • Main Activities
  • Similar Industries
  • Additional Resources
INDUSTRY AT A GLANCE

INDUSTRY PERFORMANCE
  • Executive Summary
  • Key External Drivers
  • Current Performance
  • Industry Outlook
  • Industry Life Cycle
PRODUCTS & MARKETS
  • Supply Chain
  • Products & Services
  • Demand Determinants
  • Major Markets
  • International Trade
  • Business Locations
COMPETITIVE LANDSCAPE
  • Market Share Concentration
  • Key Success Factors
  • Cost Structure Benchmarks
  • Basis of Competition
  • Barriers to Entry
  • Industry Globalization
MAJOR COMPANIES

OPERATING CONDITIONS
  • Capital Intensity
  • Technology & Systems
  • Revenue Volatility
  • Regulation & Policy
  • Industry Assistance
KEY STATISTICS
  • Industry Data
  • Annual Change
  • Key Ratios
JARGON & GLOSSARY

Companies Mentioned (Partial List)

A selection of companies mentioned in this report includes, but is not limited to:

  • Steelcase Inc.
  • Millerknoll, Inc.
  • Hni Corporation
  • Edsal Manufacturing Company Inc.
  • AIS Inc.
  • Lozier Corporation
  • List Industries Inc.
  • Teknion Corporation
  • Global Furniture Group
  • Pan-Oston Co.
  • Madix, Inc.
  • The Lyons Companies
  • Krueger International, Inc.
  • Bishop Fixture and Millwork Inc.
  • Flexsteel Industries Inc.
  • Mission Bell
  • Orbus LLC
  • Harbor Industries Inc.
  • Killion Industries Inc.
  • Steel King Industries, Inc.
  • Reeve Store Equipment Co.
  • Lyon LLC
  • Source International Corp.
  • Hollman Inc.
  • Mch Group Ag
  • Ridg-U-Rak
  • Moss Inc.
  • L.A. Darling Company, LLC
  • Grand + Benedicts Inc.
  • Tiffin Metal Products Co.
  • Speedrack Products Group, Ltd.
  • Kartell S.P.A.
  • Specialty Store Services, Inc.
  • Rayhaven Group
  • Store Supply Warehouse LLC
  • Artitalia Group Inc.
  • Salsbury Industries Inc.
  • Shopco U.S.A., Inc.
  • Design Line Inc.
  • American Locker Security Systems Inc.
  • Diper Exhibitions
  • Material Flow & Conveyor Systems Inc.
  • Borroughs Corporation
  • Carmel Furniture Inc.
  • Mark Richey Woodworking
  • Industrial Shelving Systems
  • Custom Wood Furniture Inc.
  • OCTANORM-Vertriebs-GmbH
  • Gershel Brothers Inc.
  • Handy Store Fixtures Inc.
  • LAICOR Fixtures Inc.
  • Mauk Design
  • Allen Display
  • InterGlobal Exhibits Group

Methodology

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