Dimensions

Most indications positive for office/contract segment

1111CMFprime1Production and consumption of office and contract furniture in North America is forecast to grow slightly in 2013, followed by a strong gain in 2014, according to the Business and Institutional Furniture Manufacturers Assn.

After five consecutive years of declines in annual sales, the overall CabinetMaker+FDM FDM 300 recorded a sales gain in 2012. Estimated sales for this group of 300 companies in the United States and Canada was $37.632 in 2012. That’s an increase of 4 percent over sales for this group in 2011, which was $36.167 billion.
In addition, sales for a group of 20 mid-size and larger office and contract companies selected from the overall FDM 300 list in 2012 were $10.794 billion, an increase of about 7.5 percent over last year’s $10.045 billion. This group comprises American Seating, Haworth, Herman Miller, HNI, Indiana, Inscape, Jasper, Jofco, Kewaunee, KI, Kimball, Knoll, Mayline, Nucraft, OFS, Sico, Spectrum, Steelcase, Trendway and Virco.
Looking at the 10 largest office and furniture manufacturers in Canada and the United States, most posted solid gains in 2012, and have reported small gains or narrow sales declines so far in 2013.
The BIFMA forecast of the U.S. office furniture market, the HIS Global Insight industry forecast model, is adjusted to focus on the value of the U.S. office furniture market defined as consumption rather than historical shipments, or production.

For 2013, for U.S. office furniture market consumption is forecast to reach $9.5 billion, an increase of 2.1 percent. Consumption is forecast to grow to $11.6 billion, a gain of 3 percent, according to BIFMA.

In 2014, production is forecast to be $10.3 billion, a gain of 9 percent, with consumption rising 10.1 percent to $12.8 billion.

BIFMA reported that production declined 1.1 percent overall in 2012, to $9.27 billion. Consumption rose, however, 1.4 percent to $11.29 billion. In 2012, imports accounted for $2.753 billion of the U.S. market, and exports reached $735 million. (In 2011 both production and consumption were up sharply.)

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