What’s Behind Office Furniture Industry Growth?
More than economic factors, the WAY people are working is having a greater positive impact on furniture industry growth, according to a recent article at mibiz.com. A stronger economy and corporate profits along with available office space are the typical driving factors, however, industry experts recognize a change in how people conduct their work due to technological and social factors creating a positive mark on the office furniture industry.
The quarterly outlook from the Grand Rapids-based Business Institutional Furniture Manufacturers Association projects industry-wide shipments to grow 4.5 percent in 2015 to $10.2 billion, the same growth rate recorded for 2014. BIFMA’s outlook, prepared quarterly by IHS Global Insight, projects subsequent shipment growth in 2016 of 6.4 percent to $10.9 billion.
With more collaboration at the office and the mobility of the modern office worker, office design has answered and is continuing to answer the new accommodation needs with innovative products. Click here to read the full article.
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