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Office Furniture Consumption in Canada and Forecast to 2016
Aktrin Furniture Research Institute, Jan 2008, Pages: 58
This book analyzes the economic and demographic forces impacting the Canadian demand for office furniture. The study is finely segregated by product categories, end-user categories and geographical regions. Forecasts are provided to 2016. The author of the book comes to some interesting and unexpected conclusions which need to be taken into account to gain a thorough appreciation of the present and future course of the Canadian office furniture demand.
The Canadian market for office furniture (at retail prices) in 2006 totaled $6,426 million, up 9.5% over 2005. This was the 4th year in a row with positive growth. On an historic perspective, the office furniture market is ahead by 121% between 1996 and 2006. Even if expressed in constant dollar terms the advance of 109% is quite respectable.
The key contributors to office employment are finance, professional and technical services, management services, and government. We expect that office furniture intensive employment will continue to grow faster than non-office intensive employment. In fact, we foresee overall gain in office employment of 16.3% or approximately 597,000 persons between 2006 and 2016. In particular, professional and technical services as well as management services will grow at an above-average pace.
Due to the above mentioned employment trends, we believe that growth of the office furniture market this year – as well as in all years within our prediction period (2006 – 2016) – will remain positive – both in value and unit terms, hovering around the 4 to 9% range. For this year, we anticipate a market value of C$ 7,416 million (expressed at retail prices), up from C$ 6,901 million last year. If our predictions are correct, the market value would reach C$ 10,391 million mark in 2016.
The office furniture market is about evenly divided among seats (both of the metal and non-metal variety), all other metal office furniture, and all other non-metal office furniture. The impact new technologies in the office environment caused some shifts in the market composition of office furniture during the past ten years along the following lines:
-seats increased their share from 32% to 36%. The advance applies to both metal and non-metal seats, as well as to swivel and other seats.
-non-metal office furniture gained market share at the expense of metal office furniture.
-there is a shift away from desks towards other forms of office employee accommodation, especially toward systems combining work-tops and storage
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