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The global Furniture market report provides information on the state of the world's economies, along with a breakdown of the macroeconomic environment and business perspectives. The study provides an overview of trends and challenges facing these businesses. The research includes historical data and projections for the future, providing opportunities for these organizations.
The purpose of this study is to report on and effectively forecast the global Furniture industry, which includes considerations for business cycles, demographics, and microeconomic factors. The global Furniture market research project will also provide a number of opportunities to promote growth in income. As part of that work, this study evaluates the current business circumstances. This study also assesses a variety of financial factors, including production value and growth rate.
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The competitive landscape of the Furniture market includes key players such as -
Ashley Furniture Industries, Inc. Bassett Furniture Industries Inc., Berco Designs, CYMAX GROUP TECHNOLOGIES LTD., INTER IKEA GROUP, Kimball International, Inc., Godrej & Boyce Manufacturing Co., Ltd., Hooker Furniture, Kohler Company, HNI Corp., Steelcase Inc., KOKUYO, Home Depot, Inc., Herman Miller Inc., Bene GmbH, Dunn’s Furniture Knoll Inc. Durham Furniture, Krost Office Products, Haworth Inc., Masterbrand Cabinets, Meridian Office Group, La-Z-Boy Incorporated.
This report offers a rundown of the biggest players in the Furniture industry. This data will be useful for both established and emerging companies as it gives them a better understanding of how to plan their marketing strategies.
COVID-19 has changed the dynamics of global business by causing production facilities to struggle. The lockdowns have resulted in everything from small businesses to international corporations having trouble meeting demand.
Furthermore, there have been changes in consumer behavior toward spending patterns. These changes are influencing the types of products that are popular. For example, customers may purchase one product rather than a more expensive luxury item. However, as the industry is moving towards recovery from the pandemic, the global Furniture market is projected to grow significantly in terms of revenue in the near future.
For the global study of the Furniture market, different research methodologies were used, including primary and secondary research, a PESTEL and SWOT analysis, and Porter's Five Forces Model. This study was carried out with statistics and figures in order to provide a better understanding of prices, costs, revenues, and numbers.
The report offers a general overview of the Furniture market, everything from sales to substance. It even covers a thorough analysis of supplier chains, retailers, and company execution across regional markets. Additionally, this research analyzes various segments of the global Furniture market. This study will assist prominent players and other emerging players in the industry to evaluate production, marketing, and sales strategies with this data.
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The Furniture market is segmented into the following types:
RTA
Non-RTA
The Furniture market is divided into the following categories based on Product Type:
Beds and Mattresses
Sofas and Armchairs
Entertainment Units
Storage Units
Tables and Desks
Other Furnitures
The Furniture market is divided into the following categories based on Material Type:
Plastic
Wood
Melamine
Glass
Steel
Wrapped Panels
Finished Foils
Laminates
Lacquered Panels
This global Furniture market research report contains a number of different aspects of this industry. It talks about future growth opportunities, business plans, and sales. The report focuses on the forecasted market size along with market shares from companies in this field. Furthermore, the report accounts for economic and social factors that may impact the business to a higher degree than others. Some crucial data mentioned in this research report aims to help businesses develop appropriate strategies that can help them grow their business.
This report provides a deep and broad study of market dynamics and its various viewpoints in order to help companies fully execute their business plans and strategies against the ever-changing trends. Understanding the markets is essential for any company seeking to grow, lead and be competitive. The data quoted in this report has been collected through comprehensive and credible means to ensure accuracy.
The study includes forecasts for growing companies in the industry and the global market. The report pays close attention to the following regions: North America, Europe, Asia-Pacific, Latin America, Africa, and the Middle East. It focuses on future revenue prospects and the latest business trends. In other words, it helps businesses understand how they can grow their business through recent technological advancements.
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We have been servicing over 1000 customers globally that includes 90% of the Fortune 500 companies over a decade. Our analysts are constantly tracking various high growth markets and identifying hidden opportunities in each sector or the industry. We provide one of the industry’s best quality syndicates as well as custom research reports across 10 different industry verticals. We are committed to deliver high quality research solutions in accordance to your business needs. Our industry standard delivery solution that ranges from the pre consultation to after-sales services, provide an excellent client experience and ensure right strategic decision making for businesses.
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Global Office Furniture Market Size, Trends, Share, Value & Forecast with Expected CAGR of 6.4% till 2023
A New Research report has been added to the comprehensive database of KD Market Insights. The analysis library is titled “Office Furniture Market Size, Trends & Forecast 2018-2023” which includes essential data about the stock, consumption, profits and market share, consolidated with a report related to the business scope and product summary.
The global office furniture market is anticipated to flourish at a CAGR of 6.4% during the forecast period, i.e. 2018-2023. Besides, the market is expected to reach USD 84.4 Billion by the end of 2023 from USD 53.5 Billion in 2017.
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Growth Drivers and Barriers
According to the International Labour Organization, world economic growth increased by 3.6% in 2017 as compared to 3.2% in 2016. This growth also marked decrease in unemployment across the globe.
Positive GDP growth figures of developed and developing regions across the globe are believed to impact the growth of the market positively. Further, new employment opportunities in developing nations are thought to escalate the growth of the market. With the increasing number of employed people across the globe, the demand for new offices is also increasing.
Rapid introduction of innovative and advanced office furniture will intensify the growth of the market in the upcoming years. Key vendors are offering advanced & innovative designed furniture which are more healthy and comfortable. This factor is bolstering the growth of the global furniture market across all regions. Consumers such as enterprises and others prefer modern and modular office furniture’s to improve the productivity which bodes well for the growth of the market.
According to U.S. Census Bureau, residential office construction in the U.S. grew by 3.4% by Nov. 2017 as compared to -2.8% in Dec. 2016. Also, non-residential office construction spending witnesses a growth of 4.2% in 2017. Further, the establishment of new office spaces across all significant regions is expected to be the critical factor behind the growth of the office furniture market during the forecast period.
Consumers with low spending budget are looking forward to adopting every possible cost-effective furnishing solution such as online rental and second-hand furniture. Further, this rising trend of furniture rental and adoption of old furniture are reducing the demand for new furniture. Also, the decline in demand for new furniture is likely to hinder the growth of the market over the forecast period.
Segmentation
The research offers a comprehensive analysis of the office furniture market concerning the following sub-markets:
By Product
- Seating (Office Chairs, Guest Chairs, Stools, Sofa, Others)
- Storage Unit and Files (Bins & Shelves, Cabinets, Others)
- Workstation (Individual Workstation, Collaborative Workstation, Others)
- Tables (Conference Tables, Dining Tables, Occasional Tables, Others)
- Accessories
By Price Range
- Premium
- Medium
- Economy
By Distribution Channel
- Online Stores
- Offline Stores
By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of the Middle East & Africa)
Competitive Landscape
The report profiles various major and niche market players such as
- Herman Miller Inc.
- Inter IKEA Group
- Okamura Corporation
- HNI Corporation
- Knoll, Inc.
- Steelcase Inc.
- Haworth Inc.
- Kokuyo Co Ltd.
- Kimball International Inc.
- Hooker Furniture
- Other Major & Niche Key Players
Competitive landscape analysis provides detailed strategic analysis of the company’s business and performance such as financial information, revenue breakup by segment and by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy, key product offerings, marketing and distribution strategies, new product development, recent news (acquisition, expansion, technology development, research & development expansion and other market activities.
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Table of Content
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Market
3. Global Office Furniture Market Trends
4. Opportunities in the Global Office Furniture Market
5. Recent Industry Activities, 2017
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Global Office Furniture Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9. Global Office Furniture Market Segmentation Analysis, By Product
9.1. Introduction
9.2. Market Attractiveness, By Product
9.3. BPS Analysis, By Product
9.4. Seating (Office Chairs, Guest Chairs, Stools, Sofa, Others) Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9.5. Storage Unit and Files (Bins & Shelves, Cabinets, Others) Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9.6. Workstation (Individual Workstation, Collaborative Workstation, Others) Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9.7. Tables (Conference Tables, Dining Tables, Occasional Tables, Others) Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9.8. Accessories Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
10. Global Office Furniture Market Segmentation Analysis, By Price Range
10.1. Introduction
10.2. Market Attractiveness, By Price Range
10.3. BPS Analysis, By Price Range
10.4. Premium Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5. Medium Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
10.6. Economy Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
11. Global Office Furniture Market Segmentation Analysis, By Distribution Channel
11.1. Introduction
11.2. Market Attractiveness, By Distribution Channel
11.3. BPS Analysis, By Distribution Channel
11.4. Online Stores Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
11.5. Offline Stores Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12. Geographical Analysis
12.1. Introduction
12.2. North America Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.1. By Product
12.2.1.1. Introduction
12.2.1.2. Market Attractiveness, By Product
12.2.1.3. BPS Analysis, By Product
12.2.1.4. Seating (Office Chairs, Guest Chairs, Stools, Sofa, Others) Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.1.5. Storage Unit and Files (Bins & Shelves, Cabinets, Others) Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.1.6. Workstation (Individual Workstation, Collaborative Workstation, Others) Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.1.7. Tables (Conference Tables, Dining Tables, Occasional Tables, Others) Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.1.8. Accessories Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.2. By Price Range
12.2.2.1. Introduction
12.2.2.2. Market Attractiveness, By Price Range
12.2.2.3. BPS Analysis, By Price Range
12.2.2.4. Premium Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.2.5. Medium Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.2.6. Economy Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.3. By Distribution Channel
12.2.3.1. Introduction
12.2.3.2. Market Attractiveness, By Distribution Channel
12.2.3.3. BPS Analysis, By Distribution Channel
12.2.3.4. Online Stores Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.3.5. Offline Stores Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.4. By Country
12.2.4.1. Market Attractiveness, By End-user
12.2.4.2. BPS Analysis, By End-User
12.2.4.3. U.S. Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.4.4. Canada Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
Continue….
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Home Office Furniture Market Opportunities, Growth and Forecasting for next Upcoming Year Until 2027
Stratview Research delivers key insights on the global Home Office Furniture Market. According to Stratview Research, the market is estimated to grow at a decent CAGR of 5.1% during the forecast period to reach a value of US$ 310 Million in 2027.
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The present report can be of high utility for the key decision-makers and growth strategists in terms of precise market insights, forthcoming growth opportunities, and key success factors. Especially, the report also analyses and mentions the possible impact of COVID-19 on the market dynamics. This will not only help in mitigating the uncertain business environment, but also help in rearranging the strategies and future- decisions in a fruitful manner.
Key Players
The following are some of the key players in the Home Office Furniture Market:
• Ashley Furniture Industries, Inc.
• Haworth Inc.
• Herman Miller Inc.
• HNI Corporation
• Hooker Furniture Corporation
• Inter IKEA Holding B.V.
• Kimball International
• Knoll Inc.
• KOKUYO Co. Ltd.
• Steelcase Inc.
Growth drivers and Market Value:
This report, from Stratview Research Home office furniture market value and growth drivers over the trend period of 2022-27. According to the report -
Home office furniture market is likely to witness an impressive CAGR of 6.8% during the forecast period. Growing urbanization, rise in entrepreneurship and work from home culture, and development of multi-functional furniture are the prime factors contributing to the demand for home office furniture. Increasing popularity of smart furniture in urban areas is also one of the key factors driving the market growth.
Segment Analysis:
Based on by Distribution Channel Type:
Based on the distribution channel type, the home office furniture market is segmented as flagship stores, specialty stores, online and others. The online segment was the fastest-growing segment of the market in 2021 and is likely to maintain its dominance over the forecast period. Policies such as secured transactions, cash on options, convenient return, and integrated and centralized customer service encourage consumers to purchase furniture online, which is driving the growth of the segment during the forecast period.
Based on Regional:
In terms of regions, North America is estimated to be the largest market during the forecast period, with the USA, Canada, and Mexico being the major countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the rising trend of work from home in the USA. A majority of employers are giving facility to their employees to work remotely, which in turn, is fueling the demand for home offices. People are also involving themselves in other entrepreneurial activities which lead to the high demand for home offices to greet their own personal clients in a safe and confined space. This new trend is also a key factor determining the growth of the market in the region. Europe and Asia-Pacific are also likely to offer promising growth opportunities during the forecast period.
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FREQUENTLY ASKED QUESTIONS
The report answers several questions related to the market. The user can get to know the answers to the following questions…
What is the global demand for Home Office Furniture Market in terms of revenue?
Which are the prominent players in the market?
At what CAGR is the market projected to grow within the forecast period?
What are the driving factors fuelling the growth of the market?
Which region accounted for the largest share in the market?
How did the Covid19 impacted the market?
How long will it take to recover from the Covid impact?
Why Stratview Research?
Exhaustive qualitative and quantitative data
Uninterrupted post-sales support
Appropriate market trend and forecast analysis.
All-inclusive report
Decent price-performance ratio
Reliable data
Attractive market segments and associated growth opportunities.
Customised report services
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Stratview Research is a leading global market research firm providing expert research solutions, trusted by clients worldwide. To keep our clients ahead of the curve, we provide data backed by extensive market research and in-depth industry knowledge. The broad spectrum of integrated insights is referred to, and cited by press releases, interview with key players, white papers, journals, etc. Stratview research also offers custom research services across the sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please connect with our team.
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In the reliable Office Furniture Market report, complete and crystal clear outline of the market is penned down which is useful for many businesses. The info included in the document helps businesses know how patents, licensing agreements and other legal restrictions affect the manufacture and sale of the firm’s products. Examination of major challenges faced currently by the business and the probable future challenges that the business may have to face while operating in this market are also considered.
The attention on the overwhelming players Steelcase Inc.; Inter IKEA Systems B.V.; Haworth Inc.; OKAMURA CORPORATION; Hooker Furniture; Herman Miller, Inc.; KOKUYO Co.,Ltd.; HNI CORPORATION; Knoll, Inc.; Kimball; Global Furniture Group; 9to5 Seating LLC.; BERCO DESIGNS; INABA SEISAKUSHO Co., Ltd.; Itoki Corporation.; UCHIDA YOKO GLOBAL LIMITED; AURORA Group; UE Furniture Co., Ltd.; Teknion; Fursys Inc.; among other domestic and global players.
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The demand for office furniture will hit an approximate value of USD 88.3 billion by 2027, with this growth reported at a rate of 5.70% for the forecast period from 2020 to 2027. The office furniture Market report analyses the growth that is currently rising due to the increasing demand from the corporate sector for modular furniture.
The increasing growth of the corporate sector across the globe, rising preferences towards modern ambience at workplace, changing lifestyle of the growing number of population, increasing usages of the furniture to avoid any health issue, rising trends of ergonomics chair are some of the major as well as important factors which will likely to uplift the growth of the office furniture market in the forecast period of 2020-2027. On the other hand, the increasing number of working population along with rising demand of eco-friendly, easy to assemble and premium furniture which will further generate abundant opportunities that will led to the growth of the office furniture market in the above mentioned forecast period.
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Office Furniture Market : Global Opportunity Analysis and Industry Forecast, 2020-2027
Office furniture mainly consists of chairs, tables, sofas, file cabinets, and cubicles with raw materials as wood, glass, vinyl, plywood, plastic, and steel. The office furniture market is majorly run by unorganized local players and some global players. With an urge to sustain in the market many global players are going into mergers and acquisitions so that the local market can be tapped. The rise of startups and co-working space has created new demand in the office furniture market. Innovations in the sector are related to the furniture that can give comfort and create a stress-free aura for employees all day and are modular to attract clients' and customers' attention.
Market scope and structure analysis:
Ø Market Size Available for Years
2020–2027
Ø Base Year Considered
2019
Ø Forecast Period
2021–2027
Ø Forecast Unit
Value (USD)
Ø Segment Covered
Type, Material Used, Distribution Channel, Industry Vertical, and Region
Ø Regions Covered
North America (U.S. and Canada), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, Mexico, and Rest of LAMEA)
Ø Companies Covered
KOKUYO Co. Ltd., Herman Miller Inc., Haworth Inc., Hooker Furniture, Inter IKEA Holding BV, Kimball International Inc., Knoll Inc., Omega HNI Corp., OKAMURA Corp., Steelcase Inc.
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COVID-19 Scenario Analysis:
· The industry was experiencing huge growth and demand from countries like China, India, and Indonesia but with work from home conditions provided by almost all the offices, there is rapid cancellation of contracts and a decrease in demand.
· Being a huge labor intended sector all the manufacturing units are fully shut due to the unavailability of laborers and workers.
· After stabilization of the current scenario, the Asia-Pacific countries like India, Japan, China, South Korea, and Indonesia are expected to experience growth in demand.
Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Change in the corporate’s mindset toward integrated, eco-friendly, comfortable, and attractive office space because of high real-estate prices has led to better use of the commercial space & accommodate more employees in single office hence increasing growth of global office furniture market. With the increase in the stress of work, there is an urge to develop furniture such that they reduce stress and provide the utmost comfortable and productive environment. In addition, investment of government and private players in IT parks & gardens, commercial zones, blooming startups by entrepreneurs & MSME’s in developing countries, an extension of office across globe and creating informal office space for employees is driving the global office furniture market.
However, factors like labor availability, the long replacement cycle of furniture, fluctuating raw material price of wood, and unorganized local market leaders constraint the growth of the global office furniture market. In contradiction, huge investments in the sector are seen in the urge of better and smart office workspace, better temperature control chairs for comfortable sitting posture, and other health-related issues boost the market growth.
The global office furniture market trends are as follows:
New product launches to flourish the market
The launch of new office furniture that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve the sitting comfortability, posture, and relaxation that the regular office chairs and tables don’t provide.
Herman Miller Mirra 2 a classy chair claims to be designed with ergonomics and healthy posture for better backbone support and temperature control to sit for long hours without feeling hot and getting sweaty. This series is available at comparatively low price than the premium class Herman Miller Aeron which is a designed for complete health benefits and utmost comfort in the chair segment.
Introduction of customizable furniture and establishment of new MNC branches in Asia-Pacific countries
Manufacturers have been focusing on producing new products for compatible applications as there are varying demands based on the utilization. Leading market players are determined to launch Do It Yourself office furniture which is helpful during the shift of offices.
IKEA furniture is famous for the dismantled form of furniture which can be assembled as per the size and structure of the office after purchasing.
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Moreover, Asia-Pacific countries have seen a surge in new corporate offices and startups due to the availability of employees and resources, which is leading to the establishment of new corporate workspace and increasing demand for the global office furniture market.
Key Segments Covered:
Ø Type
Tables
Overhead Bins
Seating
Storage Units & File Cabinets
Systems
· Others
Ø Material used
Wood
Plastic & Fiber
Glass
Metal
· Others
Ø Distribution Channel
Direct Sales
Retailers
Un-organized contractors
Online
· Others
Ø Industry Vertical
Automotive
Educational Institution
Offices
Healthcare
· Others
Key Benefits of the Report:
· This study presents the analytical depiction of the global office furniture industry along with the current trends and future estimations to determine the imminent investment pockets.
· The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global office furniture market share.
· The current market is quantitatively analyzed from 2020 to 2027 to highlight the global office furniture market growth scenario.
· Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
· The report provides a detailed global office furniture market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions Answered in the office furniture market Research Report:
· What are the leading market players active in the office furniture market?
· What the current trends will influence the market in the next few years?
· What are the driving factors, restraints, and opportunities in the market?
· What future projections would help in taking further strategic steps?
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Office Furniture Market Global Opportunity Analysis and Industry Forecasts, 2020 – 2027
Office furniture mainly consists of chairs, tables, sofas, file cabinets, and cubicles with raw materials as wood, glass, vinyl, plywood, plastic, and steel. The office furniture market is majorly run by unorganized local players and some global players. With an urge to sustain in the market many global players are going into mergers and acquisitions so that the local market can be tapped. The rise of startups and co-working space has created new demand in the office furniture market. Innovations in the sector are related to the furniture that can give comfort and create a stress-free aura for employees all day and are modular to attract clients' and customers' attention.
Market scope and structure analysis:
Report Metric
Details
Market size available for years
2020–2027
Base year considered
2019
Forecast period
2021–2027
Forecast units
Value ($US)
Segments covered
Type, Material Used, Distribution Channel, Industry Vertical, and Region
Regions covered
North America (U.S., Canada and Mexico), Europe (Germany, UK, France, Italy, Spain and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, Malaysia, Thailand, Indonesia, and Rest of Asia-Pacific), LAMEA (Middle East, Brazil, and Rest of LAMEA)
Companies covered
KOKUYO Co. Ltd., Herman Miller Inc., Haworth Inc., Hooker Furniture, Inter IKEA Holding BV, Kimball International Inc., Knoll Inc., Omega HNI Corp., OKAMURA Corp., Steelcase Inc.
COVID-19 Scenario Analysis:
The industry was experiencing huge growth and demand from countries like China, India, and Indonesia but with work from home conditions provided by almost all the offices, there is rapid cancellation of contracts and a decrease in demand.
Being a huge labor intended sector all the manufacturing units are fully shut due to the unavailability of laborers and workers.
After stabilization of the current scenario, the Asia-Pacific countries like India, Japan, China, South Korea, and Indonesia are expected to experience growth in demand.
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Top Impacting Factors: Market Scenario Analysis, Trends, Drivers and Impact Analysis
Change in the corporate’s mindset toward integrated, eco-friendly, comfortable, and attractive office space because of high real-estate prices has led to better use of the commercial space & accommodate more employees in single office hence increasing growth of global office furniture market. With the increase in the stress of work, there is an urge to develop furniture such that they reduce stress and provide the utmost comfortable and productive environment. In addition, investment of government and private players in IT parks & gardens, commercial zones, blooming startups by entrepreneurs & MSME’s in developing countries, an extension of office across globe and creating informal office space for employees is driving the global office furniture market.
However, factors like labor availability, the long replacement cycle of furniture, fluctuating raw material price of wood, and unorganized local market leaders constraint the growth of the global office furniture market. In contradiction, huge investments in the sector are seen in the urge of better and smart office workspace, better temperature control chairs for comfortable sitting posture, and other health-related issues boost the market growth.
The global office furniture market trends are as follows:
New product launches to flourish the market
The launch of new office furniture that contain improved capabilities have been launched by leading market players. They have taken necessary steps to improve the sitting comfortability, posture, and relaxation that the regular office chairs and tables don’t provide.
Herman Miller Mirra 2 a classy chair claims to be designed with ergonomics and healthy posture for better backbone support and temperature control to sit for long hours without feeling hot and getting sweaty. This series is available at comparatively low price than the premium class Herman Miller Aeron which is a designed for complete health benefits and utmost comfort in the chair segment.
Introduction of customizable furniture and establishment of new MNC branches in Asia-Pacific countries
Manufacturers have been focusing on producing new products for compatible applications as there are varying demands based on the utilization. Leading market players are determined to launch Do It Yourself office furniture which is helpful during the shift of offices.
IKEA furniture is famous for the dismantled form of furniture which can be assembled as per the size and structure of the office after purchasing.
Moreover, Asia-Pacific countries have seen a surge in new corporate offices and startups due to the availability of employees and resources, which is leading to the establishment of new corporate workspace and increasing demand for the global office furniture market.
Key Segments Covered:
Segments
Sub-segments
Type
Tables
Overhead Bins
Seating
Storage Units & File Cabinets
Systems
Others
Material used
Wood
Plastic & Fiber
Glass
Metal
Others
Distribution Channel
Direct Sales
Retailers
Un-organized contractors
Online
Others
Industry Vertical
Automotive
Educational Institution
Offices
Healthcare
Others
Key Benefits of the Report:
This study presents the analytical depiction of the global office furniture industry along with the current trends and future estimations to determine the imminent investment pockets.
The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the global office furniture market share.
The current market is quantitatively analyzed from 2020 to 2027 to highlight the global office furniture market growth scenario.
Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
The report provides a detailed global office furniture market analysis based on competitive intensity and how the competition will take shape in coming years.
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Questions Answered in the office furniture market Research Report:
What are the leading market players active in the office furniture market?
What the current trends will influence the market in the next few years?
What are the driving factors, restraints, and opportunities in the market?
What future projections would help in taking further strategic steps?
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Hooker was in default and the banks were extremely concerned about their position.
"Westpac: The Bank That Broke the Bank" - Edna Carew
#book quote#westpac#edna carew#nonfiction#hooker corporation ltd#loan#banking#finance#banks#concerned#debt
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Augmented Analytics Market Reveals Prime Applications Encouraging Enhanced Sales in the Coming Years 2020-2028
The Global Augmented Analytics Market 2020 report delivers a fundamental overview of the industry, including definitions, segmentation, applications and industry chain structure analysis. The augmented analytics market report provides competitive landscape analysis, major trends, and key regional development status. It also offers a competitive framework for major revenue-contributing firms covering company market shares with comprehensive profiles. The report provides a key overview of the market status of augmented analytics market manufacturers with market size, share, growth, market expansion, and technological innovations, as well as the industry cost structure.
It provides the impact and recovery of Covid-19 pandemic on the augmented analytics Market. Relevant statistical data is also provided in the report to recognize the challenges caused by the outbreak of Covid-19 and strategies to cope up with the current scenario.
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The Following are the Key Features of Augmented Analytics Market Report:
Market Overview, Industry Development, Market Maturity, PESTLE Analysis, Value Chain Analysis
Growth Drivers and Barriers, Market Trends & Market Opportunities
Porter’s Five Forces Analysis & Trade Analysis
Market Forecast Analysis for 2020-2025
Market Segments by Geographies and Countries
Market Segment Trend and Forecast
Market Analysis and Recommendations
Price Analysis
Key Market Driving Factors
augmented analytics market Company Analysis: Company Market Share & Market Positioning, Company Profiling, Recent Industry Developments etc.
Market Segmentation:
The segmentation of augmented analytics market is as follows By Technology & Services, By Application, By Sector. Both developed and developing regions are extensively studied in the report.
By Component
- Software
- Services
By Deployment
- On-Premise
- Cloud
By Business Function
- Sales & Marketing
- Finance
-IT
-Operations
-Others
By Organization Size
- Small & Medium Sized Enterprises
- Large Enterprises
Industry Verticals
-Retail
-Healthcare & Life Sciences
-BFSI
-Telecom & IT
-Manufacturing
-Government
-Transportation & Logistics
-Others
By Geography
The regional segmentation of the market covers following regions: North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and Rest of Latin America), Middle East & Africa (GCC, North Africa, South Africa, and Rest of Middle East & Africa).
Fundamental Coverage of the Augmented Analytics Market:
Covid-19 impact and strategies to recover.
Valuable information about the augmented analytics Market
Identification of growth in various segments and sub segments of the studied market.
Strategic ideas for investment opportunities
Key statistical data along with products, price analysis, applications, levels of production and consumption, supply and demand.
Emerging developments in the existing market segment and research to help investors devise new business strategies
Accelerates decision-making by drivers and constraints
Competitive Analysis
The key players of the market are listed in this section of the study. It helps to understand the tactics and alliances that players concentrate on fighting market rivalry. An essential microscopic look at the market is given in the detailed study. The major players operating in the augmented analytics market are:
Herman Miller Inc.
Inter IKEA Group
Okamura Corporation
HNI Corporation
Knoll, Inc.
Steelcase Inc.
Haworth Inc.
Kokuyo Co Ltd.
Kimball International Inc.
Hooker Furniture
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Facto Market Insights is one of the leading providers of market intelligence products and services. We offer reports on over 10+ industries and update our collection daily which helps our clients to access database of expert market insights on industries, companies, products, and trends.
Our in-house research experts have a wealth of knowledge in their respective domains. With Facto Market Research, you always have the choice of getting customized report free of cost (up to 10%). Our support team will help you customize the report and scope as per your business needs. This ensures that you are making the right purchase decision.
Our clients list includes various Fortune 500 companies and leading advisory firms.
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Global Luxury Furniture Market Analysis, Historic Data and forecast 2019-2023
Summary – A new market study, titled "Global Luxury Furniture Market Growth (Status and Outlook) 2020-2025" has been featured on WiseGuyReports.
According to this study, over the next five years the Luxury Furniture market will register a 4.3%% CAGR in terms of revenue, the global market size will reach $ 34570 million by 2025, from $ 29260 million in 2019. In particular, this report presents the global revenue market share of key companies in Luxury Furniture business, shared in Chapter 3.
Also read – https://www.einpresswire.com/article/526002032/global-luxury-furniture-market-2020-segmentation-demand-growth-trend-opportunity-and-forecast-to-2025
This report presents a comprehensive overview, market shares, and growth opportunities of Luxury Furniture market by product type, application, key manufacturers and key regions and countries.
This study specially analyses the impact of Covid-19 outbreak on the Luxury Furniture, covering the supply chain analysis, impact assessment to the Luxury Furniture market size growth rate in several scenarios, and the measures to be undertaken by Luxury Furniture companies in response to the COVID-19 epidemic.
Segmentation by type: breakdown data from 2015 to 2020 in Section 2.3; and forecast to 2025 in section 10.7.
Indoor
Outdoor
As of 2018, luxury indoor furniture segment dominates the market contributing about 83.5% market share.
Segmentation by application: breakdown data from 2015 to 2020, in Section 2.4; and forecast to 2025 in section 10.8.
Home
Hospitality
Office
Other
In 2018, home occupied the largest luxury furniture consumption market, with 80% market share
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Restoration Hardware
B&B Italia
Hooker Furniture Corporation
Brown Jordan
Kimball Hospitality
Knoll
Roche Bobois
Poltrona Frau
Scavolini S.p.A.
Gold Phoenix
Kettal
Interi Furniture
Eichholtz
Minotti
Suyen Furniture Group
Luxury Living Group (Fendi Casa)
Paola Lenti
Fitz Hansen
Ligne Roset
Turri S.r.l.
Manutti
Boca do Lobo
Edra
Muebles Pico
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key players and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
Research objectives
To study and analyze the global Luxury Furniture market size by key regions/countries, type and application, history data from 2015 to 2019, and forecast to 2025.
To understand the structure of Luxury Furniture market by identifying its various subsegments.
Focuses on the key global Luxury Furniture players, to define, describe and analyze the value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Luxury Furniture with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the size of Luxury Furniture submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
For more details - https://www.wiseguyreports.com/reports/4853513-global-luxury-furniture-market-growth-status-and-outlook-2020-2025
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 2035002763 (UK)
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Global Luxury Furniture Market Updates, News and Data 2024
Summary
A new market study, titled “Global Luxury Furniture Market 2019 by Company, Regions, Type and Application, Forecast to 2024” has been featured on WiseGuyReports.
Scope of the Report: The global Luxury Furniture market is valued at 38440 million USD in 2018 and is expected to reach 45340 million USD by the end of 2024, growing at a CAGR of 4.2% between 2019 and 2024. The Asia-Pacific will occupy for more market share in following years, especially in China, also fast growing India and Southeast Asia regions. North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Luxury Furniture. Europe also play important roles in global market, with market size of xx million USD in 2019 and will be xx million USD in 2024, with a CAGR of xx%. This report studies the Luxury Furniture market status and outlook of Global and major regions, from angles of players, countries, product types and end industries; this report analyzes the top players in global market, and splits the Luxury Furniture market by product type and applications/end industries
ALSO READ: https://icrowdnewswire.com/2020/08/31/luxury-furniture-market-2020-global-industry-key-players-size-trends-opportunities-growth-analysis-and-forecast-to-2026/
Market Segment by Companies, this report covers Roche Bobois Scavolini S.p.A. Kimball Hospitality Hooker Furniture Corporation Restoration Hardware Knoll Minotti Poltrona Frau Molteni Group B&B Italia Eichholtz Boca do Lobo Ligne Roset Muebles Pico Interi Furniture Fitz Hansen Luxury Living Group (Fendi Casa) Edra Turri S.r.l. Suyen Furniture Group
Market Segment by Regions, regional analysis covers North America (United States, Canada and Mexico) Europe (Germany, France, UK, Russia and Italy) Asia-Pacific (China, Japan, Korea, India and Southeast Asia) South America (Brazil, Argentina, Colombia) Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers Wood Metal Glass Other
In 2018, Wood accounted for a major share of 46.86% in the global Luxury Furniture market. And this product segment is poised to reach 23624 Million US$ by 2025 from 17510 Million US$ in 2018.
Market Segment by Applications, can be divided into Residential Commercial
In Luxury Furniture market, the Residential holds an important share in terms of application, and it is expected to reach a value of 40414 (M USD) by 2025, at a CAGR of 4.49% during 2019 and 2025. It includes living room, bedroom, dining room and others. The Commercial includes hotel, office and others.
FOR MORE DETAILS – https://www.wiseguyreports.com/reports/4548631-global-luxury-furniture-market-2019-by-company-regions
About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
Contact Us:
NORAH TRENT
Ph: +162-825-80070 (US)
Ph: +44 203 500 2763 (UK)
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World Coronavirus Impact: Office Furniture Market Detailed Analysis of Current Industry Figures With Forecasts Growth By 2024
World office furniture market is expected to expand at a CAGR of 9.1% in the terms of value during the time period i.e. 2019-2024. Increase in the employment rate and rising consumption of office spaces are few of the key factors impelling the growth of office furniture market. Moreover, increasing office construction spending across the globe is expected to behold the growth of the market. Further, launch of innovative and advanced office furniture are expected to intensify the demand for office furniture in near future.
The world office furniture is segmented by product into five: seating, storage unit and files, workstation, tables and accessories. With a market share of 35.1%, global office seating market captured the major portion of the market. In the type segment, office seating segment is expected to be the most attractive market in global office furniture market over the forecast period. Further, this segment is projected to open new avenues for the market players and to be the most lucrative market over the forecast period. Apart from this, when compared with other segments, accessories segment is anticipated to attain the highest CAGR over the upcoming years i.e. 2019-2024.
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With respect to the distribution channel, the market is segmented into online stores and offline stores, out of which, offline stores segment shared approximately 96.1% of the global market in 2018. According to BPS analysis, office furniture online retailing market is likely to witness an increase of +120 BPS during the forecast period. Further, the online market is anticipated to grow at a CAGR of 15.6% during the forecast period i.e. 2019-2024.
In terms of geography, the office furniture market is segmented into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America office furniture market was held at USD 15,232.8 million in 2018 and is anticipated to reach USD 23,861.3 million by the end of 2024. North America office furniture market accounted for a market share of 26.2% in 2018 and further, is expected to stand at a market share of 25.0% by the end of 2024.
The key players profiled in the report include Herman Miller Inc., Inter IKEA Group, Okamura Corporation, HNI Corporation, Knoll, Inc., Steelcase Inc., Haworth Inc., Kokuyo Co Ltd., Kimball International Inc. and Hooker Furniture. These market players have adopted different business strategies, such as acquisition, product launch, merger, and partnership to stay competitive in the global market. For instance, Steelcase Inc. announced a new collaboration with Officebricks which offers an innovative sound insulating cabin system for professional use in offices. These cabins provide exceptional acoustic performance ensuring that employees have private and secluded spaces to get things done.
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#Office Furniture Market#Office Furniture Market size#Office Furniture Market share#Office Furniture Market News#Office Furniture Market trends#Office Furniture Market research#Office Furniture Market Report#Office Furniture Market Future
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Conroy, with the group because the PNG office reported to him, was regularly ringing Iain Thompson, general manager, corporate banking, in Sydney to get blow-by-blow updates on the state of affairs at Hooker.
"Westpac: The Bank That Broke the Bank" - Edna Carew
#book quote#westpac#edna carew#nonfiction#frank conroy#png#papua new guinea#phone call#iain thompson#general manager#banking#finance#sydney#australia#blow by blow#updates#state of affairs#hooker corporation ltd
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Global Office Furniture Market – Grow Across Worldwide with Top Players : Herman Miller Inc., Inter IKEA Group, Okamura Corporation, HNI Corporation, Knoll, Inc and Others
According to a new report published by FAST.MR, titled, “Global Office Furniture Market” witnessed a market value of USD XXXX billion in 2018 and is considered to reach USD XXXX billion in 2024, recording a compound annual growth rate (CAGR) of XX% between 2019 and 2024. The global office furniture market is analyzed based on regions, by Product, by price range and by distribution channel. The regions included are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also comprises detailed competitive analysis of dominant market players of global office furniture market, such as Herman Miller Inc., Inter IKEA Group, Okamura Corporation, HNI Corporation, Knoll, Inc., Steelcase Inc., Haworth Inc., Kokuyo Co Ltd., Kimball International Inc., Hooker Furniture and others.
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Market Summary:
Based on the Product, the market has been classified into Seating (Office Chairs, Guest Chairs, Stools, Sofa, Others), Storage Unit and Files (Bins & Shelves, Cabinets, Others), Workstation (Individual Workstation, Collaborative Workstation, Others), Tables (Conference Tables, Dining Tables, Occasional Tables, Others) and Accessories. In type segment, Seating office furniture contributed around XX% market share of the global office furniture market in 2018.
Office furniture price range include Premium, Medium and Economy. Premium segment was valued at USD XX million in 2018 and is expected to reach USD XX Million by 2024, progressing at a CAGR of XX% from 2019 to 2024.
On the basis of Distribution Channel, the market is categorized into Online Stores and Offline Stores. At present, Online Stores represent XX% of the total office furniture market.
Region-wise, the market has been segmented into Europe, Asia Pacific, North America, the Middle East & Africa, and Latin America. At present, Asia Pacific is the prominent market, holding XX% of the global market share.
The competitive landscape of the market has been examined in the report. Some of the key players operating in the market include Herman Miller Inc., Inter IKEA Group, Okamura Corporation, HNI Corporation, Knoll, Inc., Steelcase Inc., Haworth Inc., Kokuyo Co Ltd., Kimball International Inc., Hooker Furniture and others prominent players.
Research Scope and Deliverables:
- Research Methodology & Executive Summary
- Market Drivers, Trends, Barriers and Opportunities
- Market Size and Forecast Projections
- Competitive Analysis
- Macroeconomic Indicators of Various Countries Impacting the Growth of the Market
- Extensive Coverage of Industry Players including Recent Product Launches and Market Activities
- Porter’s Five Force Analysis
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Market Segmentation Analysis:
Industry report analyzes the global Office Furniture market by the following segments:
- Product
- Price Range
- Distribution Channel
Geographic Market Analysis:
The report offers separate analysis of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In addition, the further breakdown of market data and analysis of region into countries is covered in the report.
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FAST.MR is a global market research and business-consulting organization that aims to provide a deep market insight to our clients, which helps them in better decision making in the dynamic environment. We have a team of highly qualified personnel that studies the market in depth to provide our clients with better strategies to stand out in the market.
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#Office Furniture Market#Global Office Furniture Market Size#Office Furniture Market Share#Office Furniture Market Trends#Office Furniture Market Outlook#Office Furniture Market Research#Office Furniture Market Report
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Global Indoor Luxury Furniture Market Research Report 2016 – 2025
Summary – A new market study, titled "Global Indoor Luxury Furniture Market Size, Status and Forecast 2019-2025" has been featured on WiseGuyReports.
Luxury furniture usually made from very best materials such as top quality wood, top quality leather and top quality glass. it is a work of art, designed and completed with the highest level of finish, well balanced and of superlative quality.
In 2018, the global Indoor Luxury Furniture market size was xx million US$ and it is expected to reach xx million US$ by the end of 2025, with a CAGR of xx% during 2019-2025.
Also read – http://www.digitaljournal.com/pr/4412101
This report focuses on the global Indoor Luxury Furniture status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Indoor Luxury Furniture development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
The key players covered in this study
Restoration Hardware
Hooker Furniture Corporation
Knoll
Kimball
Molteni Group
Poltrona Frau
Roche Bobois
Scavolini S.p.A.
B&B Italia
Minotti
Ligne Roset
Luxury Living Group (Fendi Casa)
Suyen Furniture Group
Fitz Hansen
Eichholtz
Interi Furniture
Turri S.r.l.
Boca do Lobo
Edra
Muebles Pico
Market segment by Type, the product can be split into
Tables
Chairs & Sofas
Bedroom
Cabinets
Accessories
Others
Market segment by Application, split into
Home
Hospitality
Office
Other
Market segment by Regions/Countries, this report covers
North America
Europe
China
Japan
Southeast Asia
India
Central & South America
The study objectives of this report are:
To analyze global Indoor Luxury Furniture status, future forecast, growth opportunity, key market and key players.
To present the Indoor Luxury Furniture development in North America, Europe, China, Japan, Southeast Asia, India and Central & South America.
To strategically profile the key players and comprehensively analyze their development plan and strategies.
To define, describe and forecast the market by product type, market and key regions.
In this study, the years considered to estimate the market size of Indoor Luxury Furniture are as follows:
History Year: 2014-2018
Base Year: 2018
Estimated Year: 2019
Forecast Year 2019 to 2025
For the data information by region, company, type and application, 2018 is considered as the base year. Whenever data information was unavailable for the base year, the prior year has been considered.
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About Us:
Wise Guy Reports is part of the Wise Guy Research Consultants Pvt. Ltd. and offers premium progressive statistical surveying, market research reports, analysis & forecast data for industries and governments around the globe.
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Ph: +44 2035002763 (UK)
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Office Furniture Market accounted for USD 58,135.9 million in 2018
According to the latest market research report, published by KD Market Insights covers a detailed analysis of, “Office Furniture market” The study comprises of major industry trends and insights that play an important role in the market growth. Also, the report covers forecast revenue growth at global, regional and country levels, providing a detailed analysis of the industry.
The Thrust on Real Estate and Office Construction Around the World are Likely to Drive the Global Office Furniture Market at 9.1% CAGR during 2019 & 2024.
Global office furniture market accounted for USD 58,135.9 million in 2018 and is estimated to reach USD 95,274.2 million in 2024, registering a compound annual growth rate (CAGR) of 9.1% between 2019 and 2024.
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Rise in number of offices worldwide
According to the International Labor Organization, world economic growth increased by 3.6% in 2017 as compared to 3.2% in 2016. This growth also marked decrease in unemployment across the globe. Positive GDP growth figures of developed and developing regions across the globe is believed to positively impact the growth of the market. Further, new employment opportunities in developing nations is believed to escalate the growth of the market. With increasing number of employed people across the globe, the demand for new offices is also increasing.
Launch of Innovative Office Furniture
Rapid introduction of innovative and advanced office furniture will intensify the growth of the market in the upcoming years. Key vendors are offering advanced & innovative designed furniture which are healthier and more comfortable. This factor is bolstering the growth of global furniture market across all regions. Consumers such as enterprises and others are preferring modern and modular office furniture’s to improve the productivity which bodes well for the growth of the market.
Rise in Commercial Space Construction
According to U.S. Census Bureau, residential office construction in U.S. grew by 3.4% by Nov. 2017 as compared to -2.8% in Dec. 2016. Also, non-residential office construction spending witnesses a growth of 4.2% in 2017. Further, establishment of new office spaces across all major regions is expected to be the key factor behind the growth of office furniture market during the forecast period.
Barriers in Market
The cost of raw materials used in manufacturing of furniture remains highly volatile and fluctuating with time. This fluctuation in raw material prices may obstruct the growth of office furniture market in future. The cost of raw materials used in manufacturing of furniture remains highly volatile and fluctuating with time. This fluctuation in raw material prices may obstruct the growth of office furniture market in future.
Consumers with low spending budget are looking forward to adopting every possible cost-effective furnishing solution such as online rental and second-hand furniture. Further, this rising trend of furniture rental and adoption of old furniture are reducing the demand for new furniture. Further, decline in demand for new furniture is likely to hinder the growth of market over the forecast period.
Advanced office furniture such as tech-charging furniture and multi-touch tables are equipped with extreme high cost. Further, high cost of advanced office furniture is anticipated to limit the growth of market over the forecast period. Further, economic challenges such as high cost of transportation, raw material price fluctuation and recession are some of the key challenges which are obstructing the growth of global office furniture market over the forecast period.
The key players profiled in the report include Herman Miller Inc., Inter IKEA Group, Okamura Corporation, HNI Corporation, Knoll, Inc., Steelcase Inc., Haworth Inc., Kokuyo Co Ltd., Kimball International Inc. and Hooker Furniture. These market players have adopted different business strategies, such as acquisition, product launch, merger, and partnership to stay competitive in the global market. For instance, Steelcase Inc. announced a new collaboration with Officebricks which offers an innovative sound insulating cabin system for professional use in offices. These cabins provide exceptional acoustic performance ensuring that employees have private and secluded spaces to get things done.
Market Segmentation:
By Product - Seating - - - Office Chairs - - - Guest Chairs - - - Stools - - - Sofa - - - Others - Storage Unit and Files - - - Bins & Shelves - - - Cabinets - - - Others - Workstation - - - Individual Workstation - - - Collaborative Workstation - - - Others - Tables - - - Conference Tables - - - Dining Tables - - - Occasional Tables - Others
By Price Range - Premium - Medium - Economy
By Distribution Channel - Online Stores - Offline Stores
Regional Markets - North America (U.S. & Canada) - Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe) - Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific) - Latin America (Brazil, Mexico, Argentina and Rest of Latin America) - The Middle East & Africa (GCC, North Africa, South Africa and Rest of the Middle East & Africa
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Table of Content
Research Methodology Market Definition and List of Abbreviations 1. Executive Summary 2. Growth Drivers & Issues in Global Office Furniture Market 3. Global Office Furniture Market Trends 4. Opportunities in Global Office Furniture Market 5. Recent Industry Activities, 2017 6. Porter's Five Forces Analysis 7. Market Value Chain and Supply Chain Analysis 8. Products Average Price Analysis, By Country 9. Global Office Furniture Market Value (USD Million), 2017-2023
10. Global Office Furniture Market Segmentation Analysis, By Product 10.1. Introduction 10.2. Market Attractiveness, By Product 10.3. BPS Analysis, By Product 10.4. Seating Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.4.1. Office Chairs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.4.2. Guest Chairs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.4.3. Stools Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.4.4. Sofa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.4.5. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.5. Storage Unit and Files Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.5.1. Bins & Shelves Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.5.2. Cabinets Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.5.3. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.6. Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.6.1. Individual Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.6.2. Collaborative Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.6.3. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.7. Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.7.1. Conference Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.7.2. Dining Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.7.3. Occasional Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.7.4. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 10.8. Accessories Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11. Global Office Furniture Market Segmentation Analysis, By Price Range 11.1. Introduction 11.2. Market Attractiveness, By Price Range 11.3. BPS Analysis, By Price Range 11.4. Premium Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 11.5. Medium Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 11.6. Economy Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12. Global Office Furniture Market Segmentation Analysis, By Distribution Channel 12.1. Introduction 12.2. Market Attractiveness, By Distribution Channel 12.3. BPS Analysis, By Distribution Channel 12.4. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 12.5. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13. Geographical Analysis 13.1. Introduction 13.2. North America Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.2.1. By Product 13.2.1.1. Introduction 13.2.1.2. Market Attractiveness, By Product 13.2.1.3. BPS Analysis, By Product 13.2.1.4. Seating Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.4.1. Office Chairs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.4.2. Guest Chairs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.4.3. Stools Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.4.4. Sofa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.4.5. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.5. Storage Unit and Files Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.5.1. Bins & Shelves Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.5.2. Cabinets Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.5.3. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.6. Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.6.1. Individual Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.6.2. Collaborative Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.6.3. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.7. Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.7.1. Conference Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.7.2. Dining Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.7.3. Occasional Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.7.4. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.1.8. Accessories Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.2. By Price Range 13.2.2.1. Introduction 13.2.2.2. Market Attractiveness, By Price Range 13.2.2.3. BPS Analysis, By Price Range 13.2.2.4. Premium Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.2.5. Medium Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.2.6. Economy Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.3. By Distribution Channel 13.2.3.1. Introduction 13.2.3.2. Market Attractiveness, By Distribution Channel 13.2.3.3. BPS Analysis, By Distribution Channel 13.2.3.4. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.3.5. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.2.4. By Country 13.2.4.1. Market Attractiveness, By Country 13.2.4.2. BPS Analysis, By Country 13.2.4.3. U.S. Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.2.4.4. Canada Market Value (USD Million) & Volume (MT) Forecast, 2017-2023
13.3. Europe Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.3.1. By Product 13.3.1.1. Introduction 13.3.1.2. Market Attractiveness, By Product 13.3.1.3. BPS Analysis, By Product 13.3.1.4. Seating Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.4.1. Office Chairs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.4.2. Guest Chairs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.4.3. Stools Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.4.4. Sofa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.4.5. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.5. Storage Unit and Files Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.5.1. Bins & Shelves Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.5.2. Cabinets Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.5.3. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.6. Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.6.1. Individual Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.6.2. Collaborative Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.6.3. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.7. Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.7.1. Conference Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.7.2. Dining Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.7.3. Occasional Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.7.4. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.1.8. Accessories Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.2. By Price Range 13.3.2.1. Introduction 13.3.2.2. Market Attractiveness, By Price Range 13.3.2.3. BPS Analysis, By Price Range 13.3.2.4. Premium Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.2.5. Medium Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.2.6. Economy Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.3. By Distribution Channel 13.3.3.1. Introduction 13.3.3.2. Market Attractiveness, By Distribution Channel 13.3.3.3. BPS Analysis, By Distribution Channel 13.3.3.4. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.3.5. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.3.4. By Country 13.3.4.1. Market Attractiveness, By Country 13.3.4.2. BPS Analysis, By Country 13.3.4.3. Germany Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.3.4.4. United Kingdom Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.3.4.5. France Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.3.4.6. Italy Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.3.4.7. Spain Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.3.4.8. Russia Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.3.4.9. Rest of Europe Market Value (USD Million) & Volume (MT) Forecast, 2017-2023
13.4. Asia Pacific Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.4.1. By Product 13.4.1.1. Introduction 13.4.1.2. Market Attractiveness, By Product 13.4.1.3. BPS Analysis, By Product 13.4.1.4. Seating Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.4.1. Office Chairs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.4.2. Guest Chairs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.4.3. Stools Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.4.4. Sofa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.4.5. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.5. Storage Unit and Files Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.5.1. Bins & Shelves Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.5.2. Cabinets Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.5.3. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.6. Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.6.1. Individual Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.6.2. Collaborative Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.6.3. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.7. Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.7.1. Conference Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.7.2. Dining Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.7.3. Occasional Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.7.4. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.1.8. Accessories Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.2. By Price Range 13.4.2.1. Introduction 13.4.2.2. Market Attractiveness, By Price Range 13.4.2.3. BPS Analysis, By Price Range 13.4.2.4. Premium Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.2.5. Medium Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.2.6. Economy Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.3. By Distribution Channel 13.4.3.1. Introduction 13.4.3.2. Market Attractiveness, By Distribution Channel 13.4.3.3. BPS Analysis, By Distribution Channel 13.4.3.4. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.3.5. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023 13.4.4. By Country 13.4.4.1. Market Attractiveness, By Country 13.4.4.2. BPS Analysis, By Country 13.4.4.3. China Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.4.4.4. India Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.4.4.5. Japan Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.4.4.6. South Korea Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.4.4.7. Indonesia Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.4.4.8. Taiwan Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.4.4.9. Australia Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.4.4.10. New Zealand Market Value (USD Million) & Volume (MT) Forecast, 2017-2023 13.4.4.11. Rest of Asia Pacific Market Value (USD Million) & Volume (MT) Forecast, 2017-2023
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