Office Furniture Market Overview in the USA
In value terms, office furniture production expanded sharply to $ in 2019. The total output value increased at an average annual rate of +% over the period from 2013 to 2019; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, production reached the peak level and is likely to continue growth in the immediate term.
The value of the office furniture market in the U.S. expanded remarkably to $ in 2019, with an increase of % against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.