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The Canadian market for office furniture (at retail
prices) in 2006 totalled $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, it is thought that growth of the office
furniture market this year as well as in all years within the review period (2006 – 2016), will remain positive both in value
and unit terms, hovering around the 4 to 9% range. For this year, a market value of
C$7,416 million (expressed at retail
prices) is anticpated, up from C$ 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:
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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.
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Non-metal office furniture gained market share at the
expense of metal office furniture.
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There is a shift away from desks towards other forms
of office employee accommodation, especially toward systems
combining work-tops and storage.
Please note that this report is not produced by
AMA Research and is sourced from a third party.
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