United States Office Furniture Market Market - Insights, Trends and Projections 2018

IndexBox has just released a new report "U.S. Office Furniture (Except Wood) Market - Analysis And Forecast to 2025" ( http://www.indexbox.io/store/us-office-furniture-except-wood-market-analysis-and-forecast-to-2020/?utm_source=opr ).

According to the report, the value of office furniture production in the U.S. stood at $7.3B in 2016, reducing by -3.4% Y-o-Y. Overall, the U.S. office furniture output pursued a measured decline from 2007 to 2016. The total output figures decreased at an average annual rate of -1.8%. The trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most perceptible growth was recorded in 2011, when the value of production increased by +32% against the previous year level. Over the period under review, the output figure with regard to office furniture in the United States attained its maximum level of $8.4B in 2008. Afterwards, the growth in terms of the office furniture production failed to regain its strength through to 2016.

Office furniture, other types (including panel and desking systems), excluding wood constituted the major product category in the U.S. office furniture manufacturing, with a share in total output standing near 61% in 2016. Office files, storage units, and tables, excluding wood lagged far behing, accounting for only the 17% share. The other related products together comprised approx. 22% of the total output. From 2008 to 2016, the value of shipments of office furniture, other types (including panel and desking systems), excluding wood grew at an average annual rate of +3.2%. By contrast, the output of office files, storage units, and tables, excluding wood declined by an average -8.1% per year.

This report is designed to provide accurate and comprehensive data, as well as a detailed analysis of the current state and midterm prospects of the U.S. office furniture industry. It includes a market overview, which consolidates the key conclusions made from the analysis of the market study, revealing actionable insights in the office furniture industry. The report provides a forecast of the expected changes in the office furniture market in coming years, based on historical trends, external and internal factors, and the main developments affecting the market. Each section contains an in-depth analysis of the data provided. Further data in the report includes: the historical values and current projections regarding production and consumption volume, datasets on the industry life cycle, business locations, productivity, employment and many other crucial aspects. The Company Profiles section contains relevant data on the major players in the industry.

The trade section provides data on trade partners, such as historical data on imports & exports for each partner country, changes in the direction of trade, as well as import & export prices. An analysis of the office furniture trade shows the opportunities that are currently evolving for producers and suppliers in a changing market.

Product coverage: Office seating, including upholstered, excluding wood; Office desks and desk extensions, excluding wood; Office files, storage units, and tables, excluding wood; Office furniture, other types (including panel and desking systems), excluding wood; Office furniture (except wood) manufacturing, nsk, total.

Companies mentioned:
Steelcase Inc., Haworth, Fellowes, Hni Corporation, Allsteel, Affordable Interior Systems, Ergogenesis Workplace Solutions, Crenlo Cab Products, Global Industries, Exemplis, The Marvel Group, American Seating Company, Trendway Corporation, Michigan Tube Swagers and Fabricators, Safco Products Co., Hirsh Industries, T.C. Millwork, Davies Office Refurbishing, Groupe Lacasse, Z-Line Designs, Chromcraft Corporation, Mayline Investments, Maxon Furniture, Haworth International, Fki Security Group, Ais Holdings Corp., Valcor, Ais Group Holdings, Ais Intermediate Holdings, Kimball Office, Freestone Ergonomic Seating Partners.

IndexBox’s methodology consists of obtaining information from a list or highly reliable sources (both paid and open), which include, but are not limited to:

- International official statistical agencies
- Governmental statistical agencies
- Official trade statistics
- Paid trade databases
- Industrial associations
- Company reports
- Industry experts

The AI platform, developed by IndexBox data scientists, compares the disparate pieces of information gathered from various sources, using the relevant methods of data cleaning, categorization, normalization, and predictive modelling for each unique situation. The market trends are provided by our experienced analysts, taking into account recent notable events in the market, in both adjacent and related markets, the raw materials markets, and in those markets, which are the main demand creators for the product under research. The forecast is created using a set of predictive and analytical models, mainly by processing country-by-country data on consumption, production, exports, imports and prices, as well as industry, economic and consumption trends, in addition to possible political and technological trends patterns.

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This release was published on openPR.