Canada Office Furniture Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

After a gradual decline in revenue, the Office Furniture Manufacturing industry in Canada has grown over the five years to 2019. The industry produces business-oriented furniture as well as office and retail fixtures. Canadian demand for office furniture has been volatile over the five years to 2019. Export revenue has supported the industry over the past five years. Over the five years to 2024, export growth is projected to diminish as the continued depreciation the Canadian dollar declines at a slower pace. Although imports will likely continue to pressure domestic operators, exports' share of revenue is projected to continue expanding.

This industry 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.

Key Market Trends

Rising Office Spaces is Driving the Market

Rising consumption of office spaces and Increase in the employment rate are few of the key factors impelling the growth of the market. Various companies and corporates are making significant investment in office space interior designing to promote productive environment. Various companies and corporates are making significant investment in office space interior designing to promote productive environment. In line with the same, leading office furniture companies are manufacturing which offers better comfort and can improve productivity. Furthermore, increasing demand for home office furniture coupled with rising investment in home office spaces is anticipated to positively impact the growth of Canada office furniture market during the forecast period.

Rising Online Sales is Driving the Market

As companies move into larger office spaces and hire more workers, they will need to purchase office furniture to accommodate new employees. Ordering office furniture online makes it easier for businesses to view a wide selection of products, compare prices and arrange convenient delivery. The online stores are attracting customers in huge numbers as it saves money and time of the customer in travelling to the store and is catering to the demand for variety. Online retail strategies are also enabling sellers to reduce costs and increase their profit margins. Thus, the rising popularity of online furniture stores will boost market growth during the forecast period.

Competitive Landscape

The report covers major international players operating in the Canada office furniture market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support