Global Office Furniture Market Research, Key Players & Future Analysis with 2023
Added: (Tue Apr 23 2019)
A Comprehensive research study conducted by KD Market Insights on “Office Furniture Market – By Product (Seating, Storage Unit & Files, Work Station, Tables, Accessories), By Price Range (Premium, Medium, Economy), By Distribution Channel (Online stores, offline stores) & Global Region – Market Size, Trends, Share & Forecast 2018-2023” report offers extensive and highly detailed historical, current and future market trends in the global and regional/market. The Office Furniture Market report includes market size, growth drivers, barriers, opportunities, trends and other information which helps to find new opportunities in this market for the growth of the business through new technologies and developments.
The global Office Furniture Market is anticipated to flourish at a CAGR of 6.4% during the forecast period i.e. 2018-2023. In addition, the market is anticipated to reach USD 84.4 Billion by the end of 2023 from USD 53.5 Billion in 2017.
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According to 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 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.
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.
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.
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.
Segmentation
The research offers a comprehensive analysis of office furniture market with respect to 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 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
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Table of Contents:
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
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