Global Office Furniture Market: By Product: Seating, Modular Furniture, Desks & Tables, Other Office Furniture; By Distribution Channel: Offline Retail Stores, Online Retail Stores; By End-Use: Commercial Office Furniture, Home Office Furniture; By Region: North America, Europe, Asia Pacific, Latin America, Middle East & Africa; Historical Supply and Demand (2015-2019); Supply and Demand Forecast (2020-2025); SWOT Analysis; Porter’s Five Forces Analysis; Competitive Landscape; Events and Developments

Global Office Furniture Market Key Insights:

Market Outlook

The global office furniture market attained a value of USD 68.1 billion in 2019. The industry is further expected to grow at a CAGR of 4.5% in the forecast period of 2020-2025 to reach a value of USD 88.7 billion by 2025 as a result of the expanding corporate industry, growing real estate sector, and increasing demand for premium and designer furniture.

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Properties and Applications

Office furniture is specifically designed for business and corporate purposes. The common raw materials used in the manufacturing of these goods are wood, steel, glass, and plastic.

The office furniture industry can be segmented based on:

• Product 
  • Seating
  • Modular Furniture
  • Desks and Tables 
  • Other Office Furniture
• End-Use
  • Commercial Office Furniture
  • Home Office Furniture
• Distribution Channel
  • Offline Retail Stores
  • Online Retail Stores

The EMR report looks into the regional office furniture markets like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.

Market Analysis

The global office furniture market is being driven by the enactment of several programs by governments across the globe to boost start-ups through the introduction of favourable policies. The technological advancements in the office furniture are further enhancing the growth of the industry. The concept of home office and work from home is increasing the demand for office furniture.

The growing demand for sustainable and environmentally sound furniture is encouraging manufacturers to adopt green products that help in reducing waste disposal, environmental pollution, and deforestation; thus, aiding the growth of the global office furniture market.

Competitive Landscape

The report presents a detailed analysis of the following key players in the global office furniture market, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:

• Herman Miller, Inc.
• Steelcase Inc.
• Bene GmbH
• Knoll, Inc.
• Haworth Inc.
• HNI Corporation
• Sedus Stoll AG
• Kimball International, Inc
• KOKUYO Co.,Ltd.
• Others

The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.

Key Questions Answered in the Report:

• How has the global office furniture market performed in the previous years (2015-2019)?
• What is the forecasted assessment of the industry for 2020-2025?
• What are the major drivers in the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major constraints in the historical (2015-2019) and forecast (2020-2025) periods?
• What are the major demand indicators of the global office furniture industry?
• What are the key manufacturers of seating, modular furniture, desk and table, and other office furniture in the global industry?
• What is the degree of competition in the global office furniture industry?
• What are the major events and developments taking place within the global industry?

Introduction

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Our approach gives our clients a comprehensive assessment of the prevailing and projected industry conditions through the collection, collation, and analysis of data from trusted sources.

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Market Assessment

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