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Office and Home Office Furniture Market Report
Add time:2013.08.21 Reads:

Office and Home Office Furniture Market Report - UK 2013-2017 Analysis

The UK office and home office furniture market has been in general decline since 2001, however there was modest value growth in both 2011 and 2012, although in volume terms the market continued to decline in that period. The market for office and home office furniture is estimated to have reached £650m in 2012, compared to £645m in 2011 and £635m in 2010.

There is still an excess of production capacity in the industry, despite some well known companies having ceased to trade and this has resulted in suppliers and dealers having to cut prices further to maintain share. However, the home office sector of the market has shown some marginal growth in market share over this period. A large proportion of home office furniture is supplied in flat pack form by specialist manufacturers and sold through domestic furnishing outlets, such as IKEA and through office superstores and mail order outlets.

The office furniture market consists of desking, seating, storage and other miscellaneous products and the overall percentage shares held by each sector have remained reasonably stable in recent years. In 2012 the desking market was worth an estimated £273m at MSP and accounted for 42% of the market, while seating reached £208m or 32% of the market and sales of storage products totalled £117m or 18% of the market.

The office furniture market remains fiercely competitive, with a large number of suppliers still operating in the market, despite some high profile casualties in recent years, including Project, President, Ofquest, OEP and so on. The share of the market held by the leading six suppliers fell steadily from 42% in 1999 to 37% in 2003 and has remained around that level since then.

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