Abstract
The office furniture industry performed very well throughout the 1990s as the
domestic economy has shifted from being manufacturing driven to one where
services play an increasingly important role.
However, the new millennium has been less fortunate for office furniture
manufacturers. Between 2000 and 2003, office furniture shipments in the United
States fell by more than one-third. This was the largest decrease in shipments
for over 20 years. The market has since recovered a bit reaching a value of
$11,420 million in 2007.
Office employment growth climbed by 1.2% in 2007. This year may see an even
smaller increase of only 1.0%. However, we anticipate a modest acceleration
to 1.7% next year and 1.9% in 2010.
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