Office & Shop Furniture Manufacturing in the UK - Market Research Report (2014-2029)
London, United Kingdom
Last Updated: May 2024
SIC C31.010Revenue
£2.1bn
Past 5-Year Growth
Profit
£XXX.Xm
Employees
19,854
Businesses
868
Wages
£XXX.Xm
Office & Shop Furniture Manufacturing in the UK industry analysis
Over the five years through 2024-25, office and shop furniture manufacturing revenue is forecast to contract at a compound annual rate of 4.2% to £2.1 billion. Economic uncertainty caused by the Brexit vote encouraged businesses to manage spending budgets with greater caution, restricting sales of office and shop furniture. Similarly, commercial construction activity weakened, reducing the number of commercial premises needing to be furnished. These uncertainties were worsened by the COVID-19 pandemic, as businesses prioritised cashflow, causing spending to be reduced and investments or projects to be postponed or even cancelled.
Trends and Insights
- Economic fears cripple furniture sales. Shaky economic conditions brought about by Brexit and the COVID-19 pandemic have put companies off from investing, encouraging them to keep hold of their money instead of expanding and buying more office and shop furniture.
- Government initiatives bolster sales to the public sector. The Priority School Building Programme has offered a stable demand source for furniture manufacturers, helping offset weakening demand in other markets.
- Proximity to markets draws manufacturers to the East of England. Its vast education and technology sectors fuel demand, while the UK's busiest container port, Felixstowe, supports those importing inputs and exporting products.
- Competitive pricing proves key to sales. Office furniture manufacturers offering products at lower price points will draw in more sale from price-conscious buyers, but quality and design are becoming more important too.
Industry Overview
Market size and recent performance (2014-2029)
Industry revenue has declined at a CAGR of 3.5 % over the past five years, to reach an estimated £2.1bn in 2024.
Trends and Insights
Economic uncertainty stifles furniture sales
- In times of economic uncertainty business confidence tends to fall. Businesses reduce spending and opt to hold off on large investments, preserving cash reserves. This reduces business expenditure on refurbishments and constrains furniture sales.
- Additional trends and insights available with purchase
Source: IBISWorld
Industry outlook (2024-2029)
Market size is projected to grow over the next five years.
Trends and Insights
Rising business confidence spurs furniture sales
- As economic uncertainty and inflationary pressures dissipate business confidence will rise, making businesses more likely to splurge on new furniture, supporting an increase in sales from manufacturers.
Biggest companies in the Office & Shop Furniture Manufacturing in the UK
| Company | Market Share (%)
2024 | Revenue (£m)
2024 |
|---|---|---|
Senator International Ltd | 161.1 | |
FC Brown (Steel Equipment) Ltd | 27.2 | |
Verco Office Furniture Ltd | 12.6 |
To view the market share and analysis for all 6 top companies in this industry, view purchase options.
Products & Services Segmentation
Source: IBISWorld
Industry revenue is measured across several distinct product and services lines, including Wooden shop furniture, Seats and Wooden office furniture. Wooden shop furniture is the largest segment of the Office & Shop Furniture Manufacturing in the UK.
Trends and Insights
Government investment into educational establishments drives up wooden furniture sales
- Wooden furniture for offices, excluding seats, include desks, bookcases, cupboards and filing cabinets. These types of furniture are used in offices, schools, laboratories, hotels and public-sector establishments.
- More insights available in the full report
Widen you competitive advantage with related industries
Competitors
- There are no industries to display.
Complementors
- Railway Equipment Manufacturing in the UK
- Kitchen Furniture Manufacturing in the UK
- Medical & Dental Instrument Manufacturing in the UK
- Specialised Design Activities in the UK
International industries
- Office Furniture Manufacturing in the US
- Office Furniture Manufacturing in Canada
- Wooden Furniture and Upholstered Seat Manufacturing in Australia
- Metal Furniture Manufacturing in Australia
- Wicker and Fibreglass Furniture Manufacturing in Australia
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture furniture for use in offices, shops and other public areas. They also manufacture furniture for establishments such as hotels, restaurants, theatres, cinemas, schools and laboratories. Furniture made from stone, concrete or ceramic is excluded from the industry.
What's included in this industry?
Wooden shop furnitureSeatsWooden office furnitureMetal furniture for officesCompanies
Senator International LtdFC Brown (Steel Equipment) LtdVerco Office Furniture LtdPurchase this report to view all 6 major companies in this industry.
Related Terms
WOODWORKING MACHINERYPLYWOODSIDE-OPENING TAMBOURIndustry Code
SIC 31.01 - Office & Shop Furniture Manufacturing in the UK
Performance
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Analyst insights
Economic fears cripple furniture sales. Shaky economic conditions brought about by Brexit and the COVID-19 pandemic have put companies off from investing, encouraging them to...
In this chapter (4)
- Current Performance
- Outlook
- Volatility
- Life Cycle
Key metrics
- Annual Revenue, Recent Growth, Forecast, Revenue Volatility
- Number of Employees, Recent Growth, Forecast, Employees per Business, Revenue per Employee
- Number of Businesses, Recent Growth, Forecast, Employees per Business, Revenue per Business
- Total Profit, Profit Margin, Profit per Business
Charts
- Revenue, including historical (2014-2023) and forecast (2024-2029)
- Employees, including historical (2014-2023) and forecast (2024-2029)
- Businesses, including historical (2014-2023) and forecast (2024-2029)
- Profit, including historical (2014-2024)
- Industry Volatility vs. Revenue Growth
- Industry Life Cycle
Detailed analysis
- Trends in supply, demand and current events that are driving current industry performance
- Expected trends, economic factors and ongoing events that drive the industry's outlook
- Key success factors for businesses to overcome volatility
- How contribution to GDP, industry saturation, innovation, consolidation, and technology and systems influence the industry's life cycle phase.
Products and Markets
Learn about an industry's products and services, markets and trends in international trade.
Analyst insight
Government initiatives bolster sales to the public sector. The Priority School Building Programme has offered a stable demand source for furniture manufacturers, helping offs...
In this chapter
- Products & Services
- Major Markets
- International Trade
Key metrics
- Largest market segment and value in 2024
- Product innovation level
- Total imports, level and trend
- Total exports, level and trend
- Trade Balance
Charts
- Products & services segmentation in 2024
- Major market segmentation in 2024
- International trade, including imports by country and exports by country
Detailed analysis
- Trends impacting the recent performance of the industry's various segments
- Innovations in the industry's product or service offering, specialization or delivery method
- Key factors that successful businesses consider in their offerings
- Buying segments and key trends influencing demand for industry products and services
- Recent trends in import and export volumes, country of origin or destination, and expected future trends
Geographic Breakdown
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
Analyst insights
Proximity to markets draws manufacturers to the East of England. Its vast education and technology sectors fuel demand, while the UK's busiest container port, Felixstowe, sup...
In this chapter (1)
- Business Locations
Charts
- Share of revenue, establishment, wages and employment in each region
- Share of population compared to establishments in each region in 2024
Tables
- Number and share of establishments in each region in 2024
- Number and share of revenue each region accounts for in 2024
- Number and share of wages each region accounts for in 2024
- Number and share of employees in each region in 2024
Detailed analysis
- Geographic spread of the industry across Europe, and trends associated with changes in the business landscape
- Key success factors for businesses to use location to their advantage
Competitive Forces
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
Analyst insights
Competitive pricing proves key to sales. Office furniture manufacturers offering products at lower price points will draw in more sale from price-conscious buyers, but qualit...
In this chapter (4)
- Concentration
- Barriers to Entry
- Substitutes
- Buyer & Supplier Analysis
Key metrics
- Industry concentration level
- Industry competition level and trend
- Barriers to entry level and trend
- Substitutes level and trend
- Buyer power level and trend
- Supplier power level and trend
Charts
- Market share concentration among the top 4 suppliers from 2019-2024
- Supply chain including upstream supplying industries and downstream buying industries, flow chart
Detailed analysis
- Factors impacting the industry’s level of concentration, such as business distribution, new entrants, or merger and acquisition activity.
- Key success factors for businesses to manage the competitive environment of the industry.
- Challenges that potential industry entrants face such as legal, start-up costs, differentiation, labor/capital intensity and capital expenses.
- Key success factors for potential entrants to overcome barriers to entry.
- Competitive threats from potential substitutes for the industry’s own products and services.
- Key success factors for how successful businesses can compete with substitutes.
- Advantages that buyers have to keep favorable purchasing conditions.
- Advantages that suppliers have to maintain favorable selling conditions.
- Key success factors for how businesses can navigate buyer and supplier power.
Companies
Learn about the performance of the top companies in the industry.
Analyst insights
Senator leads with innovation and quality. It stays at the top of the market by investing heavily in R&D, implementing 3D printing technology and concentrating on high-qualit...
In this chapter
- Market Share Concentration
- Companies
- Company Spotlights
Charts
- Industry market share by company in 2020 through 2024
- Major companies in the industry, including market share, revenue, profit and profit margin in 2024
- Overview of Senator International Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of FC Brown (Steel Equipment) Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of Verco Office Furniture Ltd's performance by revenue, market share and profit margin from 2018 through 2024
- Overview of revenue, market share and profit margin trend for 3 additional companies
Detailed analysis
- Description and key data for Senator International Ltd, and factors influencing its performance in the industry
- Description and key data for FC Brown (Steel Equipment) Ltd, and factors influencing its performance in the industry
- Description and key data for Verco Office Furniture Ltd, and factors influencing its performance in the industry
- Description, key data and performance trends for 3 additional companies
External Environment
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
Analyst insights
Office furniture manufacturers can gain valuable private backing. The British Furniture Manufacturers Association offers staunch support through expert advice, practical assi...
In this chapter
- External Drivers
- Regulation & Policy
- Assistance
Key metrics
- Regulation & policy level and trend
- Assistance level and trend
Charts
- Regulation & Policy historical data and forecast (2014-2029)
- Assistance historical data and forecast (2014-2029)
Detailed analysis
- Demographic and macroeconomic factors influencing the industry, including Regulation & Policy and Assistance
- Major types of regulations, regulatory bodies, industry standards or specific regulations impacting requirements for industry operators
- Key governmental and non-governmental groups or policies that may provide some relief for industry operators.
Financial Benchmarks
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Analyst insights
Office furniture makers' returns dwindle. Profit is being pushed down by rising import costs, economic uncertainty and strong price competition from both domestic and interna...
In this chapter
- Cost Structure
- Financial Ratios
- Key Ratios
Key metrics
- Profit margin, and how it compares to the sector-wide margin
- Average wages, and how it compares to the sector-wide average wage
- Largest cost component as a percentage of revenue
- Industry average ratios for days' receivables, industry coverage and debt-to-net-worth ratio
Charts
- Average industry operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Average sector operating costs as a share of revenue, including purchases, wages, depreciation, utilities, rent, other costs and profit in 2024
- Investment vs. share of economy
Data tables
- Liquidity Ratios (2018-2022)
- Coverage Ratios (2018-2022)
- Leverage Ratios (2018-2022)
- Operating Ratios (2018-2022)
- Assets (2018-2022)
- Liabilities (2018-2022)
- Cash Flow & Debt Service Ratios (2014-2029)
- Revenue per Employee (2014-2029)
- Revenue per Enterprise (2014-2029)
- Employees per Establishment (2014-2029)
- Employees per Enterprise (2014-2029)
- Average Wage (2014-2029)
- Wages/Revenue (2014-2029)
- Establishments per Enterprise (2014-2029)
- IVA/Revenue (2014-2029)
- Imports/Demand (2014-2029)
- Exports/Revenue (2014-2029)
Detailed analysis
- Trends in the cost component for industry operators and their impact on industry costs and profitability
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2014-2029)
- IVA (2014-2029)
- Establishments (2014-2029)
- Enterprises (2014-2029)
- Employment (2014-2029)
- Exports (2014-2029)
- Imports (2014-2029)
- Wages (2014-2029)
Methodology
How are IBISWorld reports created?
IBISWorld has been a leading provider of trusted industry research for over 50 years to the most successful companies worldwide. With offices in Australia, the United States, the United Kingdom, Germany and China, we are proud to have local teams of analysts that conduct research, data analysis and forecasting to produce data-driven industry reports.
Our analysts start with official, verified and publicly available sources of data to build the most accurate picture of each industry. Analysts then leverage their expertise and knowledge of the local markets to synthesize trends into digestible content for IBISWorld readers. Finally, each report is reviewed by one of IBISWorld’s editors, who provide quality assurance to ensure accuracy and readability.
IBISWorld relies on human-verified data and human-written analysis to compile each standard industry report. We do not use generative AI tools to write insights, although members can choose to leverage AI-based tools within the platform to generate additional analysis formats.
What data sources do IBISWorld analysts use?
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and our own proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
Key data sources in the UK include:
- Office for National Statistics
- Office for Budget Responsibility
- Bank of England
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
- Industry and trade associations
- Industry federations or regulators
- Major industry players annual or quarterly filings
Finally, IBISWorld’s global data scientists maintain a proprietary database of macroeconomic and demand drivers, which our analysts use to help inform industry data and trends. They also maintain a database of statistics and analysis on thousands of industries, which has been built over our more than 50-year history and offers comprehensive insights into long-term trends.
How does IBISWorld forecast its data?
IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools. We are proud to be the keystone source of industry information for thousands of companies across the world.
Learn more about our methodology and data sourcing on the Help Center.
Frequently Asked Questions
Unlock comprehensive answers and precise data upon purchase. View purchase options.
What is the market size of the Office & Shop Furniture Manufacturing in the UK industry in United Kingdom in 2024?
The market size of the Office & Shop Furniture Manufacturing in the UK industry in United Kingdom is £2.1bn in 2024.
How many businesses are there in the Office & Shop Furniture Manufacturing in the UK industry in 2024?
There are 868 businesses in the Office & Shop Furniture Manufacturing in the UK industry in United Kingdom, which has declined at a CAGR of 0.7 % between 2019 and 2024.
Has the Office & Shop Furniture Manufacturing in the UK industry in United Kingdom grown or declined over the past 5 years?
The market size of the Office & Shop Furniture Manufacturing in the UK industry in United Kingdom has been declining at a CAGR of 3.5 % between 2019 and 2024.
What is the forecast growth of the Office & Shop Furniture Manufacturing in the UK industry in United Kingdom over the next 5 years?
Over the next five years, the Office & Shop Furniture Manufacturing in the UK industry in United Kingdom is expected to grow.
What are the biggest companies in the Office & Shop Furniture Manufacturing in the UK market in United Kingdom?
The biggest companies operating in the Office & Shop Furniture Manufacturing market in United Kingdom are Senator International Ltd, FC Brown (Steel Equipment) Ltd and Verco Office Furniture Ltd
What does the Office & Shop Furniture Manufacturing in the UK in United Kingdom include?
Wooden shop furniture and Seats are part of the Office & Shop Furniture Manufacturing in the UK industry.
Which companies have the highest market share in the Office & Shop Furniture Manufacturing in the UK in United Kingdom?
The company holding the most market share in United Kingdom is Senator International Ltd.
How competitive is the Office & Shop Furniture Manufacturing in the UK industry in United Kingdom?
The level of competition is high and increasing in the Office & Shop Furniture Manufacturing in the UK industry in United Kingdom.
