Germany: Office furniture turnover increases for third year in a row
Industrieverband Büro und Arbeitswelt (IBA) publishes positive assessment of fiscal year 2016 / Especially high demand for high-quality office furniture in Germany
Wiesbaden, 13 February 2017 – Industrieverband Büro und Arbeitswelt (IBA — German association of office furniture manufacturers) has published a positive assessment of fiscal year 2016. Turnover for office furniture was five per cent higher in 2016 than in the previous year. This increase was due to the volume of office furniture production in Germany, according to a sector-wide survey. The survey found that the turnover of IBA member companies and other office furniture producers in Germany amounted to €2.32 billion in 2016. About 85 per cent of this amount was earned by IBA member companies. In 2016, office furniture turnover increased for the third year in a row. Growth was especially high for sales of office seating, with turnover in this segment increasing by 5.7 per cent. The main drivers of growth were high-quality ergonomic swivel chairs and furniture for communication zones. Office furniture registered a turnover increase of 4.2 per cent. Demand was especially high for work tables with adjustable heights and solutions affecting room acoustics.
By contrast to previous years, turnover growth was registered only for domestic sales. In 2016, turnover on the German market increased by 8.1 per cent compared to 2015. However, business activities abroad decreased by 2.5 per cent. According to the IBA, one reason for this disparity was the unstable economic situation in some European countries, which has caused an overall decrease in the proportion of exports.
“Our members are continuing to profit from the changes in the work environment. Today more than 21 million people, representing over half of Germany’s workforce, work in offices at least some of the time, and that number is increasing. Another positive change is the growing awareness of the importance of employee health. This is also causing employers to pay more attention to workplace furniture,” said Hendrik Hund, Chairman of the IBA.
He added that the increase in work setups designed for cross-departmental networking requires investments in the appropriate equipment. In other words, employers are creating communication zones and setting up project rooms. According to the IBA’s forecast, these trends will continue in 2017. “We’re optimistic that our sector can achieve similarly high growth this year as well,” Hund concluded.
Industrieverband Büro und Arbeitswelt e. V.
Bierstadter Straße 39
65189 Wiesbaden, Germany
+49 (0)611 1736-25