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2018 Market Analysis & Industry Outlook: Office Furniture Manufacturing

Overview: the U.S. Office Furniture Manufacturing Industry

This section provides answers to key questions about the industry:

  1. What is the total market size (industry revenue)?
  2. What is the industry outlook?
  3. Market Analysis: Is the market growing or declining, and how quickly?
  4. Are long-term forecasts positive or negative?
  5. What is the average company size in the industry?
  6. How many companies are in the industry?

Market Size & Industry Statistics

The total U.S. industry market size for Office Furniture Manufacturing: Industry statistics cover all companies in the United States, both public and private, ranging in size from small businesses to market leaders. In addition to revenue, the industry market analysis shows information on employees, companies, and average firm size.

Investors, banks, and business executives use growth rates and industry trends to understand the market outlook and opportunity.

market size 2018
Charts and graphs can be copied to Microsoft Word and Powerpoint presentations.

Statistics 2012        2013        2014        2015        2016        2017
Market Size
(Total Sales/Revenue)

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Total Firms
Total Employees
Average Revenue Per Firm
Average Employees Per Firm
Statistics Source: U.S. Census, AnythingResearch Market Analysis

Market Forecast

Market forecasts show the long term industry outlook and future growth trends. The following five-year demand forecast projects both short-term and long-term trends.

market forecast

Forecast / Industry Outlook 2017 2018 2019 2020 2021 2022
Market Forecast ($ millions)
Projected Industry Growth Rate (%)
Source: AnythingResearch Economic Analysis

Product & Services Breakdown

Research products and services in the Office Furniture Manufacturing industry generating sales. Note that products are broken into categories with different levels of classification.

Product Description Sales ($ millions) Percent of Total Sales

Industry Total

Institutional Furniture Manufacturing

Wood Office Furniture Manufacturing

Wood Office Furniture, Other Types (Including Panel And Desking System Accessories And Components)

Office Furniture (Except Wood) Manufacturing

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, Not Categorized, Total

Total Miscellaneous Receipts

Resales - Sales Of Products Bought And Sold Without Further Manufacture, Processing, Or Assembly

Miscellaneous Receipts, Including Receipts For Repair Work, Sales Of Scrap And Refuse.

U.S. Geographic Distribution: Revenue Statistics by State

Market Size by State ($ millions) indicates how the industry's competition is distributed throughout the country. State-level information can identify areas with higher and lower industry market share than average.

U.S. map by state

Office Furniture Manufacturing Industry Price Trends

Rise and fall in market prices are affectedd by supply, demand, and the cost of goods/services sold. Higher demand or COGS will put upward price pressure on prices. Higher competition among Office Furniture Manufacturing companies will put a downward pressure on prices. The chart shows how prices are changing within the industry, month-to-month over the last three years.

example price index trendline

Income Statement (Average Financial Metrics)

Financial metrics provide a snapshot view of a benchmark "average" company. Key business metrics show revenue and operating costs. The data collected covers both public and private companies.

Industry AveragePercent of Sales
(Industry Benchmark)
Total Revenue

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Operating Revenue
Cost of Goods Sold
Gross Profit

Operating Expenses
Pension, profit sharing plans, stock, annuity
Rent paid on business property
Charitable Contributions
Domestic production activities deduction
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Other Operating Expenses
Total Operating Expenses
Operating Income
Non-Operating Income
EBIT (Earnings Before Interest and Taxes)
Interest Expense
Earnings Before Taxes
Income Tax
Net Profit
Source: AnythingResearch Analysis of U.S. federal statistics

Financial Ratio Analysis

Financial ratio information can be used to benchmark how a Office Furniture Manufacturing company compares to its peers. Accounting statistics are calculated from the industry-average for income statements and balance sheets.

Profitability & Valuation RatiosIndustry Average
Company valuation can be measured based on the firm's own performance, as well as in comparison against its industry competitors. These metrics show how the average company in the Office Furniture Manufacturing industry is performing.
Profit Margin
Gross Profit Margin, Operating Profit Margin, and Net Profit Margin. Show company earnings relative to revenues.
Return on Equity (ROE)
Return on Equity (ROE) is net income as a percentage of shareholders' equity. Shareholders' Equity is defined as the company's total assets minus total liabilities. ROE shows how much profits a company generates with the money shareholders invested (or with retained earnings).
Return on Assets (ROA)
Return on Assets (ROA) is net income relative to total assets. The market research on Office Furniture Manufacturing measures how efficiently the company leverages its assets to generate profit. ROA is calculated as Net Income divided by Total Assets.

Liquidity RatiosIndustry Average
Bankers and suppliers use liquidity to determine creditworthiness and identify potential threats to a company's financial viability.
Current Ratio
Measures a firm's ability to pay its debts over the next 12 months.
Quick Ratio (Acid Test)
Calculates liquid assets relative to liabilities, excluding inventories.

Efficiency Ratios - Key Performance IndicatorsIndustry Average
Measure how quickly products and services sell, and effectively collections policies are implemented.
Receivables Turnover Ratio
If this number is low in your business when compared to the industry average in the research report, it may mean your payment terms are too lenient or that you are not doing a good enough job on collections.
Average Collection Period
Based on the Receivables Turnover, this estimates the collection period in days. Calculated as 365 divided by the Receivables Turnover
Inventory Turnover
A low turnover rate may point to overstocking, obsolescence, or deficiencies in the product line or marketing effort.
Fixed-Asset Turnover
Generally, higher is better, since it indicates the business has less money tied up in fixed assets for each dollar of sales revenue.

Compensation & Salary Surveys for Employees

Compensation statistics provides an accurate assessment of industry-specific jobs and national salary averages. This information can be used to identify which positions are most common, and high, low, and average annual wages.

TitlePercent of WorkforceBottom Quartile Average (Median) SalaryUpper Quartile
Management Occupations 6%

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Chief Executives0%
General and Operations Managers2%
Office and Administrative Support Occupations 10%
Production Occupations 60%
Assemblers and Fabricators 13%
Miscellaneous Assemblers and Fabricators 13%
Team Assemblers 11%
Metal Workers and Plastic Workers 10%
Woodworkers 22%
Cabinetmakers and Bench Carpenters 13%
Cabinetmakers and Bench Carpenters 13%
Woodworking Machine Setters, Operators, and Tenders 6%
Woodworking Machine Setters, Operators, and Tenders, Except Sawing 5%
Other Production Occupations 7%
Transportation and Material Moving Occupations 6%
Source: Bureau of Labor Statistics

Office Furniture Manufacturing Industry Market Share [PREMIUM]

Largest companies in the industry and related industries, with private company revenue estimates.

CompanyAddressRevenue Estimate

Innovation News

  • Varidesk trademarks "VARIDESK ACTIVE WORKSPACE" - Wall panels of metal; building panels of metal - 03/02/2018
  • Symmetry Office trademarks "S" - Computer monitor arms; power strips; light systems comprising motion sensitive light sensors and switches; stands adapted for desktop, laptop, and tablet computers - 01/30/2018
  • Obex P.e. trademarks "ZERO GRAVITY RACKS U.S. PATENT 9504322 SAN DIEGO" - Space saving storage rack for bikes, kayaks, standup paddle boards, skis, snowboards, surf boards - 01/05/2018
  • Varidesk patents Adjustable Desk Platform - 04/06/2017

  • Top Innovators

    CompanyInnovation Score
    Haskell Office

    Additional companies, details and innovation scoring in the full report.

    Latest Industry News

    • Stanley buy highlights recent setbacks, declining sales - This was compounded by its partnership with Starwood Furniture Manufacturing in Vietnam ... relocated its corporate office to High Point, opened a new showroom in High Point, hired an almost entirely new corporate staff and launched a new enterprise ... (01/10/2018)
    • Constructive duty policy a must for the growth of furniture industry - Selim H Rahman, managing director of furniture manufacturing company Hatil ... As per the EPB, Bangladesh currently exports office furniture, metal furniture, seats with metal frames, bedroom furniture, wooden furniture, and mattress supports. (01/09/2018)
    • Misleading furniture labels: How to tell whether you have the real deal - I foolishly purchased a bonded leather office chair for my own home several years ... Ask about a warranty. Many furniture stores and manufacturers don’t offer them, but if you are making a large purchase, perhaps they will create one just for you. (01/09/2018)
    • UPDATE: American Furniture Manufacturing releases statement on fire - (WTVA) -- American Furniture Manufacturing released an official statement Saturday ... the company will be using its showroom at the Tupelo Furniture Market as its main office while it sorts through its options. Stay tuned to WTVA 9 News and ... (01/05/2018)
    • Office KL / Studio Kota Architecture - The project was commissioned by a steel based manufacturing company that needed to add office program to their existing facility ... These different floor geometries resulted in specific furniture arrangement for each level. The shape of the pavilion ... (01/04/2018)
    • Swindon furniture company hit by Brexit rescued - Joint administrators Julie Palmer and Sally Richards, from Begbies Traynor's Swindon office, sold the company out of administration to recently established WJ White Contract Furniture Ltd. WJ White has been manufacturing office and meeting room furniture ... (01/03/2018)
    • Jasper furniture rescues 120 workers from being laid off; buys Paoli plant - ORLEANS, Ind. - Back in October of 2016, office furniture maker HNI announced it would close its manufacturing operations at Paoli Inc., its contract furniture division located in Orleans, Indiana. The closure would affect approximately 350 workers. (01/02/2018)
    • Dubai Furniture Manufacturing Company (DFMC) - Dubai Furniture Manufacturing Company LLC (DFMC) is a multinational company with its corporate office in Dubai, UAE and sister concern companies in the other regions namely Kuwait, Qatar, Bahrain & Oman. DFMC has recently ventured into India and also set ... (01/02/2018)
    • Orleans Manufacturing Facility Under New Ownership - The Orange County Economic Development Partnership says a manufacturing facility in Orleans will soon have new life. Jasper Group has announced plans to expand operations to the facility, which was set to be closed by office furniture company Paoli LLC. (12/28/2017)

    Government Contracts

    In 2016, the federal government spent a total of $504,783,845 on Office Furniture Manufacturing. It has awarded 16,428 contracts to 819 companies, with an average value of $616,342 per company.   

    Top government vendors:

    CompanyFederal ContractsTotal Award Amount

    Segments classified within this market research report

    This industry market research report includes companies whose primary business is any of the following:
    Office furniture (except wood), padded, upholstered, or plain (except wood), manufacturing, Filing cabinets (except wood), office-type, Bookcases (except wood), Tables (except wood), Chairs (except wood), Desks (except wood), Cabinets (except wood), freestanding, Furniture (except wood), or plain, Modular furniture systems (except wood frame), etc.

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