Office Furniture Wholesaling in the UK - Industry Market Research Report

Office Furniture Wholesaling in the UK - Industry Market Research Report
Office Furniture Wholesaling in the UK

Business confidence, capital expenditure, commercial building construction, and exchange rates heavily influence office furniture sales. The economic downturn caused by the COVID-19 pandemic had a significant impact on the industry. As business confidence plunged and budgets squeezed, expenditure on investments and expansion fell off a cliff. Demand for office furniture fell as a result, forcing the-then industry leader, Spicers, to enter administration in May 2020. The strict social distancing measures made working from home the new normal. According to Cluttons, office vacancy rates in Central London, Manchester, Birmingham, Leeds and Bristol are higher than their five-year average, reflecting changing working practices.

Office furniture wholesalers stock a range of office furniture including bookshelves, cabinets, chairs, desks, filing cabinets, furniture parts and cubicle partitions. Furniture may be ordered off the shelf or it can be custom-made. Items may be sold assembled or unassembled.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.