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BIFMA Office Furniture Forecast Continues Up Through 2016
By Karen M. Koenig
Haworth

Photo By Haworth

GRAND RAPIDS - U.S. office furniture production should reach $10.4 billion in 2016, according to the latest IHS Global Insight industry forecast model used by the Business & Institutional Furniture Manufacturers Association.

IHS estimates U.S. office furniture will hit $10.2 billion this year, up 4.0% from 2014.

Consumption of office furniture also is expected to increase significantly in 2015 and 2016, to $13.0 billion (+7.0%) and $14.0 billion (+7.4%) respectively. BIFMA's IHS forecast distinguishes total consumption of business furniture, as well as product - the difference reflecting the value of manufacturered goods sold and incorporating imported business furniture volume.
 

Source: IHS Global Insight/BIFMA
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About the author
Karen Koenig | Editor

Karen M. Koenig has more than 30 years of experience in the woodworking industry, including visits to wood products manufacturing facilities throughout North America, Europe and Asia. As editor of special publications under the Woodworking Network brand, including the Red Book Best Practices resource guide and website, Karen’s responsibilities include writing, editing and coordinating of editorial content. She is also a contributor to FDMC and other Woodworking Network online and print media owned by CCI Media. She can be reached at [email protected]

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