Hot seat: Declining exports will threaten industry revenue growth

After a long-running decline in revenue, the Office Furniture Manufacturing industry in Canada has grown over the past five years. Canadian demand for office furniture has been volatile during the current period. Declining oil prices have shaken business confidence in Canada's natural-resources-heavy economy. Meanwhile, spending on nonresidential construction, and thus new office and retail space, has inhibited domestic demand for related furniture. As a result, the industry has been highly dependent on demand from the United States, its main export destination. Over the next five years, exports are projected to no longer continue supporting the industry. US demand will slow as growth in construction markets returns to historical more.

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

Industry Threats & Opportunities

  • Spending on nonresidential construction, and thus new office and retail space, has inhibited domestic demand for related furniture
  • The industry has become more reliant on the US market
  • A lack of growth in export revenue will hit the industry hard
  • Industry Report - Industry Investment Chapter

    The Office Furniture Manufacturing in Canada has a lower level of capital intensity when compared with most manufacturing industries in Canada. For every dollar spent on wages, IBISWorld expects $0.06 is invested in capital improvements to the warehousing facilities and its equipment. The low capital costs reflect on the industry's reliance on qualified craftsmen and experienced woodworkers for the design of furniture components. Another potential reason for low average capital costs is the abundance of many small- to medium-sized operators. Smaller businesses tend to be more labour intensive than their larger counterparts because they cannot afford to invest in industrial machinery that automates some of their duties. Nev...purchase to read more.

    Additional Insights for the Office Furniture Manufacturing Industry

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

  • Having contacts within key markets
  • Guaranteed supply of key inputs
  • Experienced work force
  • IBISWorld analysts also discuss how external factors such as National unemployment rate and Number of businesses in the Office Furniture Manufacturing industry impact industry performance..

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    What's in this report

    What is the Office Furniture Manufacturing Industry?

    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.

    Industry Products
  • Office fixtures
  • Files, storage units and tables
  • Seating
  • Desks
  • Industry Activities
  • Manufacturing office furniture
  • Manufacturing custom architectural woodwork and other fixtures
  • Manufacturing showcases, partitions, shelving and lockers
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • National unemployment rate
  • Number of businesses
  • Corporate profit
  • Canadian effective exchange rate index
  • Private investment in computers and software

  • Current Performance
  • Exports buoy revenue
  • Domestic and US demand
  • Industry structure
  • Chart: Revenue Growth

  • Industry Outlook
  • Falling exports
  • Changing downstream needs
  • Participation and profit
  • Table: Office Furniture Manufacturing Industry Revenue Outlook

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

  • Supply Chains
    Key Buying Industries
  • Furniture & Furnishings Wholesaling in Canada
  • Furniture Stores in Canada
  • Commercial Building Construction in Canada

  • Key Selling Industries
  • Glass Product Manufacturing in Canada
  • Iron & Steel Manufacturing in Canada
  • Other Plastic Product Manufacturing in Canada
  • Textile Mills in Canada
  • Wood Panelling Manufacturing in Canada

  • Products & Services
  • Files, storage units and tables
  • Desks
  • Office fixtures
  • Seating
  • Chart: Office Furniture Manufacturing Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Exports
  • Wholesalers
  • Retailers
  • Chart: Major Market Segmentation for the Office Furniture Manufacturing Industry

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

  • Basis of Competition
    Barriers to Entry
  • Table: Barrier to Entry Checklist for the Office Furniture Manufacturing Industry

  • Industry Globalization
    Global Furniture Group,
  • Table: Global Furniture Group - financial performance

  • Capital Intensity
  • Chart: Level of Capital Intensity for the Office 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 Furniture Manufacturing Industry
  • 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)
  • National unemployment rate (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
  • Edge or siding of a table or desk that is not perpendicular to the face
  • E-Commerce
  • The buying and selling of products or services over the web
  • Edge Banding
  • Veneer or laminate used to conceal the exposed edges of furniture or cabinets that is made of the same type of material.
  • What Our Customers Say

    Why buy this report?

    IBISWorld’s Office Furniture Manufacturing market research report is a comprehensive guide to market size and growth prospects. Our industry reports offer strategic industry analysis of the factors influencing companies, including new product developments, economic, lifestyle and demographic influences, distribution and supply chain factors and pricing issues. Full analysis accompanies our data forecasts to illustrate how the market responds to emerging industry trends.

    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 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 of 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 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 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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