CHICAGO - Furniture produced and sold for health care, education markets, and public seating will be added - along with office furniture - to the production and sales total tracked by BIFMA, the Business & Institutional Furniture Manufacturers Assocation.
The announcement was made by Tom Reardon, executive director of BIFMA, at the trade group's annual meeting June 15 during NeoCon at Chicago's Merchandise Mart. Reardon said that BIFMA will continue to work with IHS Global, which has tracked office furniture production and sales for BIFMA for years. While the organization members have long included manufacturers of educational and health care furnishings, the output of these sectors is not included.
U.S. OFFICE FURNITURE MARKET FORECAST - 2/29/2016 - IHS Global Insight/BIFMA
|
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Year
|
Production
|
% Change
|
Consumption
|
% Change
|
2016
2017 |
$10.3 billion
$10.8 billion |
+1.0 %
+4.8 % |
$ 13.4 billion
$ 14.4 billion |
+3.9 %
+7.2 % |
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