Out of office: Industry revenue declines thanks to businesses reducing their capital spending

The industry manufactures a range of furniture for use in offices, shops and other establishments. The total market for office and shop furniture is expected to be worth £3.2 billion in 2017-18, of which IBISWorld estimates that 46.2% is satisfied by imports. Exports are anticipated to generate 17% 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. Exports sales also expanded and contributed to growth. However, rising import competition and pressure on public-sector spending curtailed expansion...read more.

Industry Statistics & Market Size
Revenue
£2.1bn
Annual Growth 13-18
-0.4%
Forecast Growth 18-23
Profit
Employment
18,024
Businesses
905
Market Share of Companies

Industry Threats & Opportunities

  • Rising import competition and pressure on public-sector spending weighed on the industry
  • Firms that have developed standing desks and other ergonomic furniture have performed well
  • Quality improvements made by overseas manufacturers are expected to increase competition
  • Industry Report - Industry Products Chapter

    The Office and Shop Furniture Manufacturing industry makes a plethora of products including seats, tables, desks, cupboards, cabinets, bookcases, shelves, racks, counters and display cases. These products are made using a range of materials including wood, steel, glass and plastic. Products manufactured using concrete, ceramic and stone are excluded from the industry. Many industry players specialise in manufacturing products for particular target markets and ensure their products meet specific requirements.Wooden office furnitureWooden furniture for offices, excluding seats, is the largest product segment and is expected to contribute 31.4% of industry revenue in 2017-18. Wooden desks are the major product in this segment. Oth...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..

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    What's in this report

    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 furniture
  • Seats
  • Wooden office furniture
  • Metal furniture
  • Industry Activities
  • Manufacturing chairs and seats
  • Manufacturing special furniture for shops, including counters, display cases and shelves
  • Manufacturing office furniture
  • Manufacturing laboratory furniture
  • Manufacturing furniture for churches, schools and restaurants
  • Manufacturing decorative restaurant carts
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    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 trends
  • Import competition rises
  • Margins tumble
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand rises mildly
  • Imports and exports
  • Potential issues
  • Profitability improves 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

  • 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
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther
  • 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
    Senator International Ltd,
  • Table: Senator International Ltd - financial performance

  • 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
    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
    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.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Office & Shop Furniture Manufacturing market research report offers insightful industry analysis and research into the market at the national level. IBISWorld’s in-depth industry market research is presented in a logical and consistent format. The industry report contains key industry statistics, market size, industry trends, and growth and profit forecasts for a 5-year outlook period.

    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 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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