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Office furniture wholesaling market in the United Kingdom to grow 2.2% CAGR between 2014-19

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Office Furniture Wholesaling in the UK - Industry Market Research Report - a new market research report on companiesandmarkets.com

 

PR-Inside.com: 2014-04-17 03:49:01
The Office Furniture Wholesaling industry has contracted sharply over the past five years. Demand for office furniture collapsed after the financial crisis and during the subsequent recession as businesses slashed their spending and non-essential investment plans.

New office building construction also fell sharply. Sales of office furniture took a hit as many companies in the financial sector slashed employee numbers. IBISWorld expects industry revenue to decline at a compound annual rate of 7.3% over the five years through 2013-14 and reach £463.2 million. During 2013-14, revenue is estimated to contract by 0.6%.

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