Data Bridge Market research has recently released expansive research titled "Global Office Furniture Market" guarantees you will remain better informed than your competition. This study provides the broader perspective of the market place with its comprehensive market insights and analysis which eases surviving and succeeding in the market. Office Furniture market research report is composed of myriad of factors that have an influence on the market and include industry insight and critical success factors (CSFs), market segmentation and value chain analysis, industry dynamics, market drivers, market restraints, key opportunities, technology and application outlook, country-level and regional analysis, competitive landscape, company market share analysis and key company profiles. In addition, businesses can gain insights into profit growth and sustainability programme with this report. Business intelligence is an essential aspect when it comes to accomplish thorough and wide-ranging market insights and the same is applied for producing Office Furniture market report.
Data Bridge Market Research analyses that the office furniture market, valued at USD 94.22 billion in 2022, will reach USD 158.29 billion by 2030, growing at a CAGR of 6.70% during the forecast period of 2023 to 2030. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and consumer behaviour..
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Market Definition
Any piece of furniture that can stand alone and doesn't need to be assembled from separate parts is referred to as office furniture. Desks, chairs, filing cabinets, tables, lounge furniture, and computer desks are a few examples. Office furniture can be installed in all kinds of enterprises and other infrastructural facilities such as hospitals, schools, gymnasiums, and others.
Office Furniture Market Scope and Segmentation
| REPORT METRIC | DETAILS |
| Forecast Period | 2023 to 2030 |
| Base Year | 2022 |
| Historic Years | 2021 (Customizable to 2015 - 2020) |
| Quantitative Units | Revenue in USD Billion, Volumes in Units, Pricing in USD |
| Segments Covered | Material (Wood, Metal, Plastics, Others), Product (Office Chairs, Office Tables, Storage Furniture, Office Systems Furniture, Reception Furniture, Other Product Types), Sales Channel (Retail Stores, Direct to Consumer, Manufacturer Stores, E-Commerce Stores, Discount Stores, Rental Stores, Other Sales Channels), Price Range (Low, Medium, High), End-User (Enterprise, Hospitals, Schools, Others) |
| Countries Covered | U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America |
| Market Players Covered | Al Meera Holding Company LLC (Qatar), American Woodmark Corporation (U.S.), Ballingslöv International AB (Sweden), Black Red White (Poland), Boffi S.p.A. (Italy), Bulthaup GmbH & Co KG (Germany), Cabico inc (Canada), CABINETWORKS GROUP (U.S.), Godrej Interio (India), Goldenhome International Inc. (U.S.), Häcker Küchen (Germany), Haier Inc. (China), HANSSEM CO., LTD. (South Korea), Howden Joinery Ltd (U.K.), Inter IKEA Systems B.V. (Netherlands), and Interwood (India) |
| Market Opportunities |
|
Office Furniture Market Dynamics
Drivers
- Rising number of construction activities will bolster the market growth
Growing number of infrastructural development activities for commercial activities, especially in the developing economies such as India, China and more, is a positive sign for the global office furniture market. Considered as real estate opportunities, the number of office buildings are on the rise as they provide income and growth opportunities for a number of stakeholders.
- Growing focus on employee productivity is a major driver
The focus of all small and large-scale organizations towards improving the employee productivity by offering a convenient, comfortable and furnished environment is a major growth driving factor. Installation of embedded controllers and sensors to offer both automatic and manual control to the employees, reduces the stress, cuts down unnecessary movements and escalates the overall performance.
Opportunities
- The trend of modular setting is a futuristic opportunity
Increasing prices of office furniture has risen the demand for modular furniture settings, such, that can serve multitude of purposes. In addition, growing demand for home-like office furniture, backed by the trend of remote working and work from home is positively influencing the market growth. Offering by manufacturers such as innovative-multi functioning office furniture will also propel growth.
Restraints/Challenges
- Fluctuations in the prices will derail the market growth rate
The growth of the market is constrained because of the high fluctuation in the prices of raw materials. Also, rise in supply chain, production, and shipping charges have led to creating a volatile market, where investors are trembling to invest in. Long replacement cycles and logistics complexity are the major causes of concern.
This office furniture market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the office furniture market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Recent Developments
- In 2021, Herman Miller Inc. announced plans to acquire rival Knoll Inc. for USD 1.8 billion in cash and equity.
- In 2021, PPG Industries Ohio Inc. (PPG) declared the launch of PPG ERGOLUXE powder coatings for metal office furniture. The new coatings for seating options, workstations, and cabinets offer a distinctive polyester-hybrid technology and offer aesthetic and sustainability advantages over conventional liquid or solvent-based coatings.
- In 2020, A commercial collection of office furniture from Wayfair Professional, a maker of office furniture and accessories, will be released to address a range of seating requirements for both the commercial and domestic sectors.
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Office Furniture Market, By Region:
The office furniture market is analyzed and market size insights and trends are provided by country, material, product, sales channel, price range, and end-user as referenced above.
The countries covered in the office furniture market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Asia-Pacific dominates the market and will continue to do so during the forecast period. China, Japan, Australia, and India are the top contributors from this region. The dominance of Asia-Pacific is attributed to the exponential rise in number of commercial properties. Growing number of employment opportunities is an indirect market growth promoter.
On the other hands, North America will emerge as the region, witnessing the highest growth rate during the forecast period. U.S. and Canada will emerge as the major contributors for North America owing to the expansion of local and international business in these economies.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Reasons to Consider This Report:
- Save the time and resources required for entry level research by getting an insight into the leading players and segments of global Office Furniture market.
- The report highlights key business priorities which will help companies to reform their business strategies and establish themselves in the global market.
- The key findings and recommendations given in the report emphasize on crucial progressive industry trends in the Office Furniture Market thereby enabling players to develop effective long term strategies in order to garner their market revenue.
- Gain crucial insights into global market trends and outlook and the factors driving and hindering market growth.
- Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
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Queries Resolved In This Report:
- Which will be the specialties at which Market players profiling with intensive designs, financials, and furthermore, ongoing headways should set a nearness?
- Which will be the foreseen development rates for your own economy out and out and furthermore for each portion inside?
- Which will be the application and sorts and estimate joined intently by makers?
- What will be the dangers that will attack growth?
- The length of the global market opportunity?
- How does Market share advance vacillations their value from various assembling brands?
Table of Contents: Global Office Furniture Market
Introduction
Market Segmentation
Executive Summary
Premium Insight
Market Overview
Covid-19 Impact on Office Furniturein Healthcare Industry
Global Office Furniture Market, by Product Type
Global Office Furniture Market, by Modality
Global Office Furniture Market, by Type
Global Office Furniture Market, by Mode
Global Office Furniture Market, by End User
Global Office Furniture Market, by Geography
Global Office Furniture Market, Company Landscape
Swot Analysis
Company Profiles
Questionnaire
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Check Complete Table of Contents with List of Table and Figures @ https://www.databridgemarketresearch.com/toc/?dbmr=global-office-furniture-market
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