U.S. Institutional Furniture Market 2019| Prices, Analysis, Top Companies, Insights, and Trends
Here is a summary of the report's key findings.U.S.: Institutional Furniture Market Overview 2019Institutional Furniture Market Size in the USA
The revenue of the institutional furniture market in the U.S. amounted to $X in 2018, waning by -X% against the previous year. The market value increased an average annual rate of +X% over the period from 2013 to 2018; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015, with an increase of X% y-o-y. Over the period under review, the institutional furniture market attained its maximum level of $X in 2017, and then declined slightly in the following year.
Institutional Furniture Production in the USA
In value terms, institutional furniture production amounted to $X in 2018. The total output value increased an average annual rate of +X% from 2013 to 2018; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2016, when the output figure increased by X% against the previous year. The institutional furniture production peaked in 2018, and is likely to see steady growth in the near future.
Institutional Furniture Exports
Exports from the USA
In 2018, exports of institutional furniture from the U.S. amounted to X tonnes, therefore, remained relatively stable against the previous year. Overall, institutional furniture exports continue to indicate a drastic slump. The growth pace was the most rapid in 2014, when exports increased by X% against the previous year. In that year, the institutional furniture exports attained their peak volume of X tonnes. From 2015 to 2018, growth of the institutional furniture exports stood at a somewhat lower level. In value terms, institutional furniture exports amounted to $X in 2018. In general, institutional furniture exports continue to indicate a mild curtailment. In that year, the institutional furniture exports attained their peak level of $X. From 2015 to 2018, growth of the institutional furniture exports failed to regain its momentum.
Exports by Country
Saudi Arabia (X tonnes), Australia (X tonnes) and the UK (X tonnes) were the main destinations of institutional furniture exports from the U.S., together comprising X% of total exports. The Netherlands, Japan, China, the Dominican Republic, the Philippines, Germany, Kuwait, South Korea and the United Arab Emirates lagged somewhat behind, together accounting for a further X%.From 2013 to 2018, the most notable rate of growth in terms of exports, amongst the main countries of destination, was attained by the Philippines (+X% per year), while the other leaders experienced more modest paces of growth.In value terms, the UK ($X), Saudi Arabia ($X) and Australia ($X) were the largest markets for institutional furniture exported from the U.S. worldwide, with a combined X% share of total exports. The UK (+X% per year) recorded the highest rates of growth with regard to exports, among the main countries of destination over the last five years, while the other leaders experienced more modest paces of growth.
Export Prices by Country
In 2018, the average institutional furniture export price amounted to $X per kg, standing approx. at the previous year. Over the last five years, it increased at an average annual rate of +X%. The most prominent rate of growth was recorded in 2017, when it surged by X% year-to-year. In that year, the average export prices for institutional furniture attained their peak level of $X per kg, and then declined slightly in the following year. Export prices varied noticeably by the country of origin; the country with the highest export price was the United Arab Emirates ($X per kg), while average price for exports to the Philippines ($X per kg) was amongst the lowest.From 2013 to 2018, the most notable rate of growth in terms of export prices was recorded for supplies to the UK (+X% per year), the export prices for the other major destinations experienced more modest paces of growth.
Freedman Seating Company,
Fortune Brands Home & Security,
Kewaunee Scientific Corporation,
Irwin Seating Company,
Claridge Products and Equipment,
Idex Health & Science,
Anodyne Medical Device,
Edsal Manufacturing Company,
J L Furnishings,
Hamilton L Fisher L C,
Virco Mfg. Corporation,
C H Industries,
Perkinelmer Health Sciences,
Irwin Seating Holding Company,
Furukawa Wiring Systems America,
Marmon Retail & End User Technologies
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