Home
Global Supplier Directory
APPLIANCE Engineer
Supplier Solutions
APPLIANCE Line
Whitepaper Library
Calendar of Events
Association Locator
Contents Pages
Market Research
Subscription Center


 
Daily News

U.S. Office Furniture Industry Shipments Up
May 3, 2005
 Printable format
 Email this Article
 Search

The Business and Institutional Furniture Manufacturer's Association (BIFMA) International reported that U.S. manufacturers' shipments of office furniture increased 17 percent in the first quarter of 2005 compared to the first quarter of 2004. Shipments totaled U.S. $2.29 billion for the quarter, up from $1.96 billion in the prior year and exceeding earlier expectations.

Economic consulting organization Global Insight also released its latest industry forecast for 2005-2006, which showed that office furniture shipment growth is expected to continue, albeit at a somewhat slower rate. For the balance of calendar year 2005, quarterly growth is expected to range between 8 and 10 percent. On an annualized basis, this should translate to a shipments value exceeding $9.9 billion and growth of about 11 percent as compared to calendar year 2004. The value of U.S. shipments was $8.9 billion in 2004, a 5-percent increase from 2003.

Global Insight said that employment growth in the service sector and increasing investment in new office building construction are the primary factors driving the expectations for furniture industry growth over the next 18 months. The consulting firm anticipates a growth rate of about 7 percent for calendar year 2006 to a level of $10.68 billion.

Back to Daily News

 

Daily News

...........................................................

Dec 22, 2014: DOE's Building Technologies Office releases Roadmap for Emerging HVAC Technologies

Dec 19, 2014: Whirlpool Corp. provides guidance for 2015

Dec 19, 2014: Panasonic to showcase built-in appliances at LivingKitchen 2015

Dec 19, 2014: New residential construction in November 2014

Dec 19, 2014: 2014 U.S. steel production up 0.7% from 2013

More Daily News>>

RSS Feeds
.........................................................
Appliance Industry
Market Research

...........................................................

November 2014: Appliance Magazine Market Insight Annual Subscriptions
November 2014: U.S. Appliance Industry: Market Value, Life Expectancy & Replacement Picture 2014
October 2014: Portrait of the European Appliance Industry
September 2014: Appliance Industry Focus: HVAC




 
Contact Us | About Us | Subscriptions | Advertising | Home
UBM Canon © 2014  

Please visit these other UBM Canon sites

UBM Canon Corporate | Design News | Test & Measurement World | Packaging Digest | EDN | Qmed | Plastics Today | Powder Bulk Solids | Canon Trade Shows