A recent article on MiBiz.com has the headline: “Optimism ahead? A positive outlook returns to office furniture industry.” Despite a sluggish economy a few years back, the office furniture industry is relatively stable these days. Companies today are doing well enough to invest in their facilities, which means replacing and/or upgrading their older office furniture.
As for the numbers, 2015 has been a strong year of growth for the office furniture industry. Interestingly, industry experts only thought first quarter shipments would increase by about 4.4 percent. Shipments during the first quarter of the year, however, increased 9 percent to $2.39 billion, while orders increased 8 percent to $2.35 billion compared to the same period last year. These figures come from the Grand Rapids-based Business and Institutional Furniture Manufacturers Association (BIFMA).
And how is the future looking? It’s looking good. BIFMA increased its outlook for 2016, projecting a 7.9-percent increase in shipments to $11 billion, compared to its previous expectation of 6.6 percent growth.
Executives at companies are buying/ordering more furniture than in the past thanks to a stable economy.
In Florida, Modular Office Environments meets the needs of many executives and office workers as a full service office furniture dealership providing clients with a single source for all their furniture needs. Modular Office Environments helps companies make their offices the most efficient and productive they can be with a fine array of quality furniture for cubicles, desk areas, reception stations, and more. Now is a good time to invest in office furniture; call 954-735-1183 to make it so!