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Office Furniture Market Report 2006

DateMay, 2006
Pages107
Price / format$756 / Online Download

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Abstract:
 Key Note estimates that the market for office furniture in the UK (including imports and exports) was worth £908.3m in 2005 at manufacturers' selling prices (msp), an increase of 1.3% on 2004. The market fell sharply in 2002, hit by a global crisis in business confidence, and showed a further slight decline between 2002 and 2004.

In this Key Note Market Report, five sectors are considered: upholstered swivel seating, which includes task or operator chairs, executive chairs and orthopaedic chairs for the office; wooden desks, which includes all types of desking with wood or fibreboard worktops — most desks come into this sector; other wooden furniture, including mobile pedestals, display units, shelves, racking, screens, panels, cupboards, bookcases and cabinets; metal cupboards and filing cabinets, comprising traditional three-drawer and four-drawer filing cabinets and cupboards; and other metal furniture, which includes high-level shelving and storage units, screens, panels, display stands, mobile pedestals, two-drawer cabinets, desks with metal worktops, metal tables and trolleys.

Business confidence started to return in the UK in 2004 and business investment returned to growth. In 2006, occupancy of offices is rising, especially in central London. In addition, the number of workforce jobs is increasing — a factor that favours the UK office furniture market as jobs in the service industries account for 69% of the total workforce. Inevitably, this will mean greater demand for office furniture.

As the 2002 downturn in the office furniture industry affected Europe as a whole and, indeed, much of the world, there is oversupply in the industry and hence a trend towards consolidation. The competitive pressure from Europe and the entry of low-cost furniture, particularly office chairs, from China has restricted the ability of manufacturers to raise their prices. However, some price increases have been inevitable due to the large rises in costs of raw materials.

Trends in the use of technology and in working practices have affected the choice of office furniture. Flat screens and smaller computers allow smaller desks to be used, making better use of expensive office space. Furniture needs to be adaptable to allow for changes in the size of the workforce. Use of high partitions and screens has been reduced in favour of a more open office, but storage is used to create some divisions. There is increased use of centralised storage using more efficient storage systems, which can result in a 50%, or even 100%, improvement in space use.

2006 is expected to be another almost flat year for office furniture sales, but Key Note forecasts gradual growth from 2006 to 2010, totalling 5.6% at constant prices and 5.8% at current prices. Demand will come mainly from the services sectors, particularly financial services.


Table of contents:
Executive Summary
1. Market Definition
REPORT COVERAGE
MARKET SECTORS
Upholstered Swivel Seating
Wooden Desks
Other Wooden Furniture
Metal Cupboards and Filing Cabinets
Other Metal Furniture
MARKET TRENDS
Office Design and Technology Trends
Prices
Table 1: Producer Price Index Values for Metal Office Furniture, Wooden Office Furniture and Metal-Framed Seating Manufactured in the UK (index 2000=100), 2002-2005
The Office Property Market
Table 2: Volume of Construction Output in the Private Commercial Sector and the Public Non-Housing Sector at Constant 2000 prices (£000), 2001-2005
Growth in Employment
Table 3: Total Workforce Jobs in the UK (000), Years Ending June 2001-2005
Call Centres
Business Confidence
Growth of Teleworking and the Small Office/Home Office Sector
ECONOMIC TRENDS
Population
Table 4: UK Resident Population Estimates by Sex (000), Mid-Years 2001-2005
Gross Domestic Product
Table 5: UK Gross Domestic Product at Current and Annual Prices (£m), 2001-2005
Inflation
Table 6: UK Rate of Inflation (%), 2001-2005
Unemployment
Table 7: Actual Number of Unemployed Persons (million), 2001-2005
MARKET POSITION
The UK
Overseas
2. Market Size
THE TOTAL MARKET
Table 8: The Total Apparent UK Market for Office Furniture by Value at Current Prices (£m at msp), 2001-2005
Figure 1: The Total Apparent UK Market for Office Furniture by Value at Current Prices (£m at msp), 2001-2005
BY MARKET SECTOR
Table 9: The Total Apparent UK Office Furniture Market by Sector by Value (%), 2001-2005
Figure 2: The Total Apparent UK Office Furniture Market by Sector by Value (%), 2005
Wooden Desks
Table 10: The Apparent UK Market for the Wooden Desks Sector by Value (£m at msp and %), 2001-2005
Other Wooden Furniture
Table 11: The Apparent UK Market for the Other Wooden Furniture Sector by Value (£m at msp and %), 2001-2005
Metal Cupboards and Filing Cabinets
Table 12: The Apparent UK Market for Metal Cupboards and Filing Cabinets by Value (£m at msp and %), 2001-2005
Other Metal Furniture
Table 13: The Apparent UK Market for the Other Metal Furniture Sector by Value (£m at msp and %), 2001-2005
Upholstered Swivel Seating
Table 14: The Apparent UK Market for the Upholstered Swivel Seating Sector by Value (£m at msp and %), 2001-2005
OVERSEAS TRADE
General Overview
Table 15: Net Imports of Office Furniture to the UK (£m), 2001-2005
Imports
Table 16: UK Imports of Office Furniture by Sector (£m), 2001-2005
Table 17: Import Penetration of the UK Office Furniture Market by Value (£m at msp and %), 2001-2005
Trading Partners
Table 18: Sources of Imports of Office Furniture by Value (£m and %), 2005
Exports
Table 19: UK Exports of Office Furniture by Sector (£m), 2001-2005
Table 20: Office Furniture Exports as a Percentage of the UK Manufacturers' Sales (£m at msp and %), 2001-2005
Trading Partners
Table 21: Destinations of Exports of Office Furniture by Value (£m and %), 2005
3. Industry Background
RECENT HISTORY
NUMBER OF COMPANIES
Table 22: Number of UK VAT-Based Enterprises Engaged in the Manufacture of Office and Shop Furniture by Turnover Sizeband (£000 and number), 2001-2005
EMPLOYMENT
Table 23: Number of UK VAT-Based Enterprises Engaged in the Manufacture of Office and Shop Furniture by Employment Sizeband, 2003-2005
Table 24: Leading Employers Among Office Furniture Manufacturers and Suppliers (number of employees), 2001-2005
REGIONAL VARIATIONS IN THE MARKETPLACE
Table 25: Number of Local Manufacturing Units Producing Office and Shop Furniture by Region, 2005
DISTRIBUTION
HOW ROBUST IS THE MARKET?
LEGISLATION
KEY TRADE ASSOCIATIONS
The British Contract Furnishing Association
British Furniture Manufacturers
FIRA International
Fédération Européenne du Mobilier de Bureau
Office Furniture Advisory Service
4. Competitor Analysis
THE MARKETPLACE
MARKET LEADERS
Table 26: Leading UK Suppliers of Office Furniture by Turnover (£m), Latest Financial Year
Bisley Office Equipment Ltd
Company Structure
Current and Future Developments
Financial Results
Herman Miller Ltd
Company Structure
Current and Future Developments
Financial Results
Dams International Ltd
Company Structure
Current and Future Developments
Financial Results
Senator International Ltd
Company Structure
Current and Future Developments
Financial Results
H Morris & Co Ltd
Company Structure
Current and Future Developments
Financial Results
Steelcase PLC
Company Structure
Current and Future Developments
Financial Results
Kinnarps (UK) Ltd
Company Structure
Current and Future Developments
Financial Results
EFG Matthews Office Furniture Ltd
Company Structure
Current and Future Developments
Financial Results
TBS (South Wales) Ltd
Company Structure
Current and Future Developments
Financial Results
Arenson Group Ltd
Company Structure
Current and Future Developments
Financial Results
Black Arrow Group PLC
Company Structure
Current and Future Developments
Financial Results
Verco Office Furniture Ltd
Company Structure
Current and Future Developments
Financial Results
Komfort Workspace PLC
Company Structure
Current and Future Developments
Financial Results
Bullough Ltd
Company Structure
Financial Results
OUTSIDE SUPPLIERS
MARKETING ACTIVITY
Main Media Advertising
Table 27: Main Media Advertising Expenditure of Office Furniture and Storage Systems (£000), Years Ending December 2004 and 2005
Exhibitions
5. Strengths, Weaknesses, Opportunities and Threats
THE TOTAL MARKET
Strengths
Weakness
Opportunities
Threat
ALL WOODEN FURNITURE
Strength
Weaknesses
Opportunity
Threat
ALL METAL FURNITURE
Strengths
Weaknesses
Opportunity
Threat
UPHOLSTERED SWIVEL SEATING
Strengths
Weakness
Opportunities
Threat
6. Buying Behaviour
Business Investment
Table 28: Business Investment at Current Market Prices (£m), 2002-2005
Table 29: Business Investment in Chained Volumes — Reference Year 2002 (£m), 2002-2005
The Public Sector
The Private Sector
Large and Medium-Sized Companies
Small Businesses
Working from Home
7. Current Issues
ENVIRONMENTAL PROGRESS
THE OLDER WORKFORCE
CHANGING BODY SIZES
8. The Global Market
WESTERN EUROPE
NORTH AMERICA
JAPAN
GROWTH MARKETS
9. Forecasts
INTRODUCTION
Population
Table 30: Forecast UK Resident Population by Sex (000), Mid-Years 2006-2010
Gross Domestic Product
Table 31: Forecast UK Growth in Gross Domestic Product in Real Terms (%), 2006-2010
Inflation
Table 32: Forecast UK Rate of Inflation (%), 2006-2010
Unemployment
Table 33: Forecast Actual Number of Unemployed Persons (million), 2006-2010
FORECASTS 2006 to 2010
Table 34: The Forecast Total Apparent UK Market for Office Furniture by Value at Current and Constant 2005 Prices (£m at msp), 2006-2010
Figure 3: The Forecast Total Apparent UK Market for Office Furniture by Value at Current Prices (£m at msp), 2006-2010
Market Growth
Figure 4: The Forecast Total Apparent UK Market for Office Furniture by Value at Current Prices (£m at msp), 2001-2010
FUTURE TRENDS
10. Company Profiles
Arenson Group Ltd
Bisley Office Equipment Ltd
Dams International Ltd
Kinnarps (uk) Ltd
Efg Matthews Office Furniture Ltd
Herman Miller Ltd
Senator International Ltd
Steelcase Plc
11. Consumer Confidence
METHODOLOGY
KEY FINDINGS THIS QUARTER
THE WILLINGNESS TO BORROW
A Slow Start to 2006
Table A: The Average Amount Consumers Are Willing to Borrow in Order to Purchase Expensive Items at Current and Constant November 2004 Prices (£ and £bn), February 2005, May 2005, August 2005, November 2005 and February 2006
The Desire to Borrow Stays Strong
Table B: The Number of Adults Willing to Borrow in Order to Purchase Expensive Items (000 and %), February 2005, May 2005, August 2005, November 2005 and February 2006
THE WILLINGNESS TO SPEND FROM SAVINGS
Spending From Savings Declines
Table C: The Proportion of Adults Without Any Savings (%), February 2005, May 2005, August 2005, November 2005 and February 2006
Table D: The Average Amount Consumers Are Willing to Spend from Savings in Order to Purchase Expensive Items at Current and Constant November 2004 Prices (£ and £bn), February 2005, May 2005, August 2005, November 2005 and February 2006
Consumers Increasingly Cautious
Table E: The Average Amounts Adults are Confident Spending to Purchase Expensive Items (£ and %), February 2005, May 2005, August 2005, November 2005 and February 2006
12. Further Sources
Associations
Publications
Government Sources
General Sources
Bisnode Sources





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