IRELAND – Research and Markets has announced the addition of the “Office Furniture Market in the US 2015-2019” report to their offering. 

The office furniture market in the US to grow at a CAGR of 11.27%, in terms of consumption, over the period 2014-2019. This report covers the present scenario and the growth prospects of the office furniture market in the US for the period 2015-2019. To calculate market size, the report considers revenue generated from the sales of the following: Seating systems, tables, storage units and filing systems, and others. It does not include recycled or ready-to-assemble office furniture.

According to the report, rapid globalization has led to an increase in the import and export of furniture. Furniture manufacturers benefit from this as they can procure raw materials at low cost. The final products are exported to countries with high demand.

Office furniture is one of the major revenue generators in the furniture market in the US and have an average lifespan of 8-11 years, after which they are generally replaced because of corporate and esthetic reasons. Further, the report states that fluctuation in the costs of raw materials and assembly components used in the manufacturing process of furniture is a key concern that is curtailing market growth.

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