Office Furniture Dealers Market - UK 2014-2018 Analysis
|出版日||ページ情報||英文 72 Pages
|英国のオフィス家具ディーラー市場 Office Furniture Dealers Market - UK 2014-2018 Analysis|
|出版日: 2014年08月15日||ページ情報: 英文 72 Pages||
AMA Research have just published the sixth edition of the report 'Office Furniture Dealers Market Report - UK 2014-2018 Analysis'. This report incorporates original research and provides an up-to-date, practical review of the office furniture dealer channel, analysing market size, structure, recent and future trends, as well as the dealer buying process.
The dealer channel still represents the major route for distribution of office furniture, although competition has increased steadily in recent years, both from manufacturers who deal directly with end users and from the growth of superstores, mail order companies, internet websites and domestic furniture retailers targeting the SOHO sector of the market. Dealers have increasingly sought to extend their range of services by offering fit-out and refurbishment facilities, in order to compete with the fit-out divisions of major commercial property construction companies.
Ahrend Ltd, Andrews Office Furniture, Antocks Lairn, Balfour Beatty Group, Bene PLC, Bilfinger Europa Facility Management, Bisley Office Equipment Ltd, Boss Design, Carleton Furniture Group Ltd, Claremont Group Interiors Ltd, DAMS International Ltd, Dauphin HumanDesign UK Ltd, EFG Office Furniture Limited, GDB UK Ltd, Godfrey-Syrett, Gresham Office Furniture Ltd, Haworth Inc, Herman Miller Ltd, Interior Services Group plc, (ISG), IOR Group Ltd, KI Europe, Kinnarps (UK) Ltd, Knoll International, Maris Interiors LLP, Morgan Lovell plc, Morgan Sindall Group plc, OEP Furniture Group plc, Office2office plc, OfficeTeam Furniture, Ofquest Ltd, Oktra Ltd, Orangebox Ltd, Pledge Office Chairs Ltd, Sedus Stoll Ltd, Senator International Ltd, Staples UK Retail, Steelcase plc, Structure Tone South West, Sven Christiansen, TBS (South Wales) Ltd, Techo UK Ltd, Verco Office Furniture Ltd, Wagstaff Bros Ltd, Wates Interiors, Wilkhahn Ltd, Yes 2 Solutions.
The UK office furniture market has been in general decline since 2001, when the industry suffered a sharp deterioration in performance, as a result of the sharp downturn in the IT and Internet sectors in particular. These factors have led to a sustained difficult trading period for office furniture suppliers and distributors, although there was a marginal upturn in 2006 and 2007, before deteriorating economic circumstances led to further declines of 11% in 2009 and 5% in 2010. However, the market has recovered somewhat since then, with sales reaching an estimated £665m in 2013.
There is still a surplus of supply capacity over demand, despite some well-known companies having ceased to trade, and this has resulted in suppliers having to cut prices further to maintain share. In the past the SOHO sector of the market has underpinned the overall market, although mainstream office furniture suppliers and distributors have not always benefited from this trend. However, this sector was also impacted by the recession in the UK economy.
A large proportion of home office furniture is supplied in flat pack form by specialist manufacturers and by importers and sold through domestic furnishing outlets, such as IKEA, Argos and Tesco Direct and through office superstores. The office furniture market is fiercely competitive, with a large number of suppliers still operating in the market, despite some high profile casualties. The share of the market held by the leading six suppliers has remained at just below 40% over the past 10 years or so.
Imports and exports are significant factors in the market, with imports reaching £252.2m in 2013, compared with exports of £145.3m. Imports of storage and other miscellaneous office furniture accounted for the largest share in 2013 - £121.4m or 48% of the total - while imports of seating products reached £83.4m or 33% of the total. China, Germany, Italy and the United States are the major sources for imports of office furniture. The two main distribution channels for office furniture are via the dealer network, accounting for 44% of the market, or directly to end users with 25% of the market. Retail furnishing groups and miscellaneous outlets account for 20% of the market, whilst superstores and mail order account for the remaining 11%, with both categories benefiting from the strength of the SOHO market.
Environmental considerations are becoming more important in influencing the sourcing of raw materials and the design, manufacture and distribution of office furniture. The demand for smaller desks or height adjustable desks will continue, reflecting technological developments and changing work practices while the demand for wave desks and benching systems is also expected to continue. Technology will continue to influence the market, with more companies adopting wireless, network stations and VoIP. However, there are also factors constraining growth, in particular significant pressures on price levels, also increased competition from Chinese and other imports.
Future prospects for the office furniture sector in the medium term are still uncertain. The economy is now out of recession and business confidence is returning. The commercial new build sector grew strongly in 2013 and is forecast to show consistent growth in the next few years. In addition, vacancy rates in Central London are currently around 5% and falling, although the situation in the rest of the UK is not as buoyant. While the dealers' channel is expected to see low-level growth over the next few years, it is expected that it will continue to lose share within the distribution market. Retailers, such as IKEA, Argos and Tesco, together with Internet suppliers are likely to be joined by other multiple retailers and are forecast to increase their share of the market, using catalogues and the Internet to support their nationwide chains of outlets.
The property industry is confident about the longer term prospects, given that there is an underlying lack of new office space in Central London. In the medium to long term the UK office furniture market is expected to continue to recover with forecast growth rates of 2-3% per annum from 2014 onwards. The market is forecast to reach £756m by 2018.