The latest report by IMARC Group, titled “Office Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive analysis of the industry, which comprises insights on the global office furniture market. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
Office Furniture Market Overview:
The global office furniture market reached a value of US$ 58.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 74.7 Billion by 2027, exhibiting at a CAGR of 4.1% during 2022-2027. Office furniture is designed particularly for usage in corporate and commercial spaces. Filing cabinets, seating, tables, storage units, systems, etc., are some of the essential furniture items that assist in enhancing the overall attractiveness of these spaces. Office furniture is manufactured with several materials, including wood, glass, steel, plastic, metal, fiber, etc. The style of this furniture can be integrated with the work style and output of the employees of an organization. As a result, office furniture finds widespread applications in cafeterias, individual workstations, meeting rooms, lounges, etc.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
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Global Office Furniture Market Trends:
The escalating number of corporate offices across countries, on account of the rapid construction of IT parks and commercial zones, is primarily driving the office furniture market. Besides this, the elevating demand for informal office spaces by organizations to boost colleague communications, foster social interactions, and enable a collaborative environment is further augmenting the market growth. Apart from this, the increasing technological advancements are also catalyzing the global market.
Moreover, the expanding real estate sector and the growing requirement for premium and designer furniture are acting as significant growth-inducing factors. Furthermore, the rising need for smart workplace furniture that provides internet connectivity and promotes better movement support is expected to bolster the office furniture market in the coming years.
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The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
- Steelcase Inc.
- Okamura Corporation
- HNI Corporation
- Herman Miller Inc.
- Haworth, Inc.
- Knoll, Inc.
- KOKUYO Co., Ltd.
- Meridian Office Furniture Limited
- Kimball International, Inc.
- D3, Inc.
- BERCO DESIGNS
- Hooker Furniture Corporation
Key Market Segmentation Breakup by:
- Storage Units and File Cabinets
- Overhead Bins
- Plastic and Fiber
- Direct Sales
- Specialist Store
- Non-Specialist Stores
- North America (United States, Canada)
- Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
- Europe (Germany, France, United Kingdom, Italy, Spain, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
- Market Performance (2016-2021)
- Market Outlook (2022-2027)
- COVID-19 Impact on the Market
- Porter’s Five Forces Analysis
- Historical, Current and Future Market Trends
- Market Drivers and Success Factors
- SWOT Analysis
- Structure of the Market
- Value Chain Analysis
- Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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