Office & Shop Furniture Manufacturing in the UK - Industry Market Research Report

Unstable surface: Office and shop furniture makers contend with volatile revenue due to economic disruptions

Over the five years through 2023-24, office and shop furniture manufacturing revenue is forecast to contract at a compound annual rate of 4% to £2.1 billion. Economic uncertainty caused by the Brexit vote encouraged businesses to manage spending budgets with greater caution, restricting sales of office and shop furniture. Similarly, commercial construction activity weakened, reducing the number of commercial premises needing to be furnished. These uncertainties were worsened by the COVID-19 pandemic, as businesses prioritised cashflow, causing spending to be reduced and investments or projects to be postponed or even cancelled. Companies 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. 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.