Office Supply Stores in the US - Industry Market Research Report

Office Supply Stores in the US - Industry Market Research Report

  • February 2021 •
  • 56 pages •
  • Report ID: 198940 •
  • Format: PDF
Out of office: Projected growth in consumer confidence and disposable income levels will likely boost industry revenue

Abstract

Office Supply Stores in the US
The Office Supply Stores industry has experienced tough conditions over the five years to 2019. Traditional office supply stores have long been under pressure from the changing digital landscape and fierce external competition. Moreover, industry operators have contended with strong pressure from discount stores, supercenters, warehouse clubs and online retailers. Discount and online retailers are able to offer products lower prices, which has been made possible by cost savings achieved through bulk purchasing and low overhead costs. The growing popularity of these retailers has put high price pressure on office supply stores. As a result of these trends, industry revenue has decreased during the current period. Over the five years to 2024, industry revenue is forecast to continue to decline, despite projected growth in several economic factors that typically benefit operators. Increasing digitalization is expected to sap demand for product offerings, hampering revenue during the outlook period.

This industry includes establishments that primarily sell stationery, school supplies and office supplies. Stores may also sell a combination of new computers, office equipment, furniture and supplies. This industry does not include general merchandisers or electronic retailers.

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.
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