A Qualitative Research Study accomplished by Data Bridge Market research's titled as "Office Furniture Market" with 100+ market data Tables, Pie Charts, Graphs & Figures spread through Pages and easy to understand detailed analysis. Office Furniture market research report has been generated with the systematic gathering and evaluation of market information for Office Furniture industry which is presented in a form that explains various facts and figures to the business. This market research report contains thorough analysis of market and numerous related factors that range from market drivers, market restraints, market segmentation, opportunities, challenges, and market revenues to competitive analysis. It lends a hand to companies to take decisive actions to deal with threats in niche market. A brilliant team of analysts, experts, statisticians, forecasters and economists has worked rigorously to generate this advanced and all-inclusive Office Furniture market research 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.
COVID-19 Impact
The COVID-19 outbreak forced many businesses to adopt remote working procedures. The bulk of workers have been gradually returning to their normal work schedules, which is expected to hasten the market's growth. Global demand for modern office furniture is brought on by an increase in corporate offices due to the quick development of commercial zones and IT parks. Organizations are setting up casual office spaces to improve communications among employees and foster a collaborative environment through social interactions. This change has compelled producers in the sector under study to launch furniture products with clever design.
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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The report provides insights on the following pointers:
- Market Penetration: Comprehensive information on the product portfolios of the top players in the Office Furniture market
- Product Development/Innovation: Detailed insights on upcoming technologies, R&D activities, and product launches in the market
- Competitive Assessment: In-depth assessment of the market strategies, and geographic and business segments of the leading players in the market
- Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the Office Furniture Market
Consider Data Bridge Market Research for this Report which would Help Impact Your Revenues Positively
- This study offers the latest product news, trends, and updates from the industry's leading players who have leveraged their market position.
- It also offers strategic plans and standards to arrive at informed business decisions adopted by the main players, thereby advocating your go to market strategies.
- In addition, it offers insights into the dynamics of customer behavior that can help the organization better curate market strategies
- Usage of exclusive tailor-made tools along with primary research, secondary research and our in-house data model helps us in extracting the exact market numbers
- Mapping the customer in 3P grid comprising of Purpose, Planning and Positioning, thereby delivering a solution by keeping the prospecting client at the sweet spot
- The market research report includes all of the market's valuable elements, such as sales growth, product pricing & analysis, growth opportunities, and recommendations for addressing market challenges
- The Office Furniture report covers all the primary mergers & acquisitions, alliances, and collaborations that have generated additional opportunities for market players or in some cases, challenges
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Regional Analysis/Insights: Office Furniture Market
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.
Table of Contents:
- Introduction
- Market Segmentation
- Executive Summary
- Premium Insights
- Global Office Furniture Market: Regulations
- Market Overview
- Global Office Furniture Market, By Variety
- Global Office Furniture Market, By Packaging Size
- Global Office Furniture Market, By Application
- Global Office Furniture Market, By Distribution Channel
- Global Office Furniture Market, By Region
- Global Office Furniture Market: Company Landscape
- SWOT Analyses
- Company Profile
- Questionnaires
- Related Reports
To Check the Complete Table of contents, click here @ https://www.databridgemarketresearch.com/toc/?dbmr=global-office-furniture-market
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