2023 U.S. Industry Statistics & Market Forecast - Wood Office Furniture Manufacturing

Published: October 2023

Industry Insights

The wood office furniture manufacturing industry is currently in a state of evolution, with a number of important trends influencing the future direction of the sector. One key trend is the increasing demand for sustainable, eco-friendly furniture solutions. As consumers become more concerned about the environmental impact of their purchasing decisions, businesses are turning to furniture manufacturers who can offer eco-friendly options.

Another trend is the rise of digitalization and the potential of Industry 4.0 to revolutionize the manufacturing process. In order to remain competitive, wood office furniture manufacturers need to embrace new technologies and invest in automated production lines, digital design tools, and predictive maintenance systems.

The emergence of the gig economy and remote working also affect the wood office furniture manufacturing industry. Many companies are downsizing their offices and encouraging employees to work from home or co-working spaces. This requires furniture that is multi-functional and adaptable enough to suit a variety of work settings.

Finally, there is a growing focus on user experience and ergonomics. As more and more people spend longer periods of time sitting at their desks, manufacturers need to incorporate ergonomic features into their furniture designs to improve comfort and minimize the risk of workplace injuries. Additionally, companies are recognizing the importance of design and aesthetics in creating a unique, branded workplace environment.

Product & Services Breakdown

Research products and services in the Wood 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
Wood Office Furniture Manufacturing
Wood Office Seating, Including Upholstered
Wood Office Desks And Desk Extensions
Wood Office Files, Storage Units, And Tables
Wood Office Furniture, Other Types (Including Panel And Desking System Accessories And Components)
Wood Office Furniture Manufacturing, Not Categorized, Total
Office Furniture (Except Wood) Manufacturing
Office Seating, Including Upholstered, Excluding Wood

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.

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 Average	Percent of Sales (Industry Benchmark)
Total Revenue	Order at top of page
Operating Revenue
Cost of Goods Sold
Gross Profit
Operating Expenses
Pension, profit sharing plans, stock, annuity
Repairs
Rent paid on business property
Charitable Contributions
Depletion
Domestic production activities deduction
Advertising
Compensation of officers
Salaries and wages
Employee benefit programs
Taxes and Licenses
Bad Debts
Depreciation
Amortization
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 Net Income

Source: AnythingResearch Analysis of U.S. federal statistics

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.

Title	Percent of Workforce	Bottom Quartile	Average (Median) Salary	Upper Quartile
Management Occupations	5%	Order at top of page
Chief Executives	0%
General and Operations Managers	2%
Office and Administrative Support Occupations	9%
Production Occupations	61%
Assemblers and Fabricators	13%
Miscellaneous Assemblers and Fabricators	12%
Textile, Apparel, and Furnishings Workers	7%
Woodworkers	26%
Cabinetmakers and Bench Carpenters	18%
Cabinetmakers and Bench Carpenters	18%
Other Production Occupations	8%
Transportation and Material Moving Occupations	8%
Material Moving Workers	6%

Source: Bureau of Labor Statistics

Wood Office Furniture Manufacturing Competitor Landscape & Key Companies [PREMIUM]

The most influential companies in the Wood Office Furniture Manufacturing industry and adjacent industries either have large market share or are developing new business models and methods that could disrupt the status quo. We look at leading and emerging companies in the Wood Office Furniture Manufacturing industry and adjacent sectors:

Market Leaders: Direct Competitors Companies with the largest market share, focused in this industry	Market leaders: Diversified Competitors Largest companies that have diversified operations in this and other industries
Innovators: Direct Competitors Innovative, Emerging, and Disruptive Companies that may influence the future direction of the industry.	Innovators: Diversified Competitors Innovators and Disruptors in adjacent industries that may also affect the Wood Office Furniture Manufacturing industry.

Government Contracts

In 2022, the federal government spent a total of $134,409,568 on Wood Office Furniture Manufacturing. It has awarded 1849 contracts to 230 companies, with an average value of $584,389 per company.   

Most Recent Contracts	Date	Total Award Amount
KRUEGER INTERNATIONAL, INC. 1330 Bellevue St Green Bay, WI	Jun 30, 2023	$41,382