Out of office: Wholesale bypass and falling business expenditure have limited growth

The Office Furniture Wholesaling industry is expected to grow at a compound annual rate of 2.6% over the five years through 2017-18. The industry's performance generally follows the health of the UK economy and started the five-year period on a low owing to prolonged financial uncertainty in downstream markets. Revenue grew more strongly at the beginning of the period as the industry responded to the economy's recovery from the financial crisis. Growth steadied in the middle of the period and is expected to have contracted since 2016-17 due to the EU referendum result, which has caused economic uncertainty and delays to business capital expenditure. Industry revenue is expected to contract by 1.4% in the current year to reach £793.2 million...read more.

Industry Statistics & Market Size
Annual Growth 13-18
Forecast Growth 18-23
Market Share of Companies

Industry Threats & Opportunities

  • Economic uncertainty caused by the EU referendum has negatively affected the industry
  • Industry profit margins have been negatively affected by the recent depreciation of the pound
  • Operators are expected to improve inventory management in an effort to counter wholesale bypass
  • Industry Report - Industry Locations Chapter

    Establishments in this industry are generally located close to business and population centres. Proximity to retailers, office outfitters and end users lowers transportation costs and reduces the time it takes for stock to reach clients. While most businesses use some sort of office furniture, the highest concentration of office space is in London, Birmingham and other urban centres.LondonLondon accounts for approximately 19.7% of industry establishments, more than any other UK region. By comparison, London accounts for 13% of the population in the United Kingdom. London has a large, global financial sector, requiring a huge amount of office space. It is also the technology hub of the United Kingdom, with many global tech firms headquartered in London. Man...purchase to read more.

    Additional Insights for the Office Furniture Wholesaling Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Office Furniture Wholesaling Industry are

  • Superior financial management and debt management
  • Having an extensive distribution/collection network
  • Having contacts within key markets
  • IBISWorld analysts also discuss how external factors such as Business capital expenditure and Demand from commercial building construction in the Office Furniture Wholesaling industry impact industry performance..

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    What's in this report

    What is the Office Furniture Wholesaling Industry?

    Office furniture wholesalers stock a range of office furniture including bookshelves, cabinets, chairs, desks, filing cabinets, furniture parts and cubicle partitions. Furniture may be ordered off the shelf or it can be custom-made. Items may be sold assembled or unassembled.

    Industry Products
  • Seating
  • Office systems and desks
  • Filing cabinets
  • Casegoods
  • Tables
  • Storage
  • Industry Activities
  • Wooden office furniture
  • Steel office furniture
  • Partition, shelving and locker
  • 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
  • Business confidence index
  • National unemployment rate
  • Real effective exchange rate

  • Current Performance
  • Changing conditions
  • Profit performance
  • Structural issues
  • Chart: Revenue Growth

  • Industry Outlook
  • Office expansion
  • Wholesale takes a back seat
  • Profit trends
  • Table: Office Furniture Wholesaling Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Office Furniture Wholesaling Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Furniture, Lighting & Homeware Retailers
  • Consumers

  • Key Selling Industries
  • Office & Shop Furniture Manufacturing

  • Products & Services
  • Seating
  • Office systems and desks
  • Filing cabinets
  • Casegoods
  • Tables
  • Storage
  • Other
  • Chart: Office Furniture Wholesaling Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Contract outfitters
  • Construction firms
  • Retailers
  • Chart: Major Market Segmentation for the Office Furniture Wholesaling Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
    ProfitPurchasesWagesDepreciationOther costs
  • Chart: Cost Structure Benchmarking – Sector vs Office Furniture Wholesaling

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Office Furniture Wholesaling Industry

  • Industry Globalization
    Spicers Limited,
  • Table: Spicers Limited - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Office Furniture Wholesaling 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 Furniture Wholesaling Industry
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Business Confidence Index
  • A measure intended to track business confidence in the UK economy.
  • Casegoods
  • Furniture made from hard materials like metal, wood, plastic or glass (such as bookcases and cabinets).
  • Wholesale Bypass
  • The process by which manufacturers and retailers deal directly with each other, cutting out the wholesaler.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Office Furniture Wholesaling 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 Furniture Wholesaling:
    • 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 Furniture Wholesaling 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 Furniture Wholesaling, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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