Welcome to JSA Consultancy Services

A business consultancy, based in London, England, John Sacks' JSA Consultancy Services provides expert, in-depth, information advice and guidance as to how to exploit successfully the office furniture and interiors markets in Europe, North America, Australasia and Japan.

US Office Furniture Market expected to grow

Tuesday 4 February 2014

The North American office furniture trade association, BIFMA, is forecasting industry revenues will grow 4.9 percent to $12.2 billion in 2014.
This figure is confirmed by Michael Dunlap's quarterly survey among U.S. office furniture executives who expect a growth of 5% this year.
Their personal outlook is at its highest level since January 2006, before the recession sent the industry into another tailspin, according to analyst Michael Dunlap.
That improved perspective is the highlight of Dunlap's latest survey, which shows “the industry is on solid ground and on a positive track."
In the survey, furniture industry executives reported gross shipments were “significantly lower” while order backlog was “slightly lower.”
Dunlap described the declines as somewhat surprising because both improved during the first half of 2013.
“They are still on solid ground,” he said.
Both manufacturers and suppliers reported an uptick in work hours and a dip in employee costs.
Capital expenditures bumped up as tooling expenditures slipped. New product development fell while raw material costs rose slightly.
Dunlap describes the changes in capital expenditures, tool expenditures and new product development as modest changes. He found the decline in new product development puzzling.
He added that the changes in raw material cost and employee cost are always a concern and rarely show much improvement. Since the launch of the survey in August 2004, the most frequently cited perceived threats to the industry’s success have been the costs of healthcare, steel and wood.

Subscribe to our News Page

Enter your email here and we will tell you when this page is updated.

 

 

moreLatest News

Monday 24 July 2017 Steelcase Werndl changes name and relocates European Headquarters to Munich

Steelcase Werndl AG, a subsidiary of the American office furniture manufacturer Steelcase, will rena

Monday 24 July 2017 Novacap Announces partnership with Canadian furniture manufacturer Bestar Inc.

Novacap, a Canadian leader in private equity, today announced a partnership with Bestar Inc. (“Bes

Monday 24 July 2017 HNI posts 2Q earnings

MUSCATINE — HNI Corp. announced sales of $514.5 million and net income of $13.8 million for the se

Wednesday 19 July 2017 2016 was a good year for Greec office furniture maker Dromeas

Greec office furniture maker Dromeas increased their turnover by 52.7% to € 13.8 mln. The loss bef

Contact Us

JSA Consultancy Services
4-5 Gray’s Inn Square, Gray’s Inn,
London, WC1R 5AH, England


+44 (0) 20 7670 1510