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 size. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
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 refers to an essential part of office management and is mainly utilized for indoor activity. It includes various key components specifically designed for commercial and corporate spaces. Some commonly used furniture items are tables, desks, chairs, storage cabinets, filing cabinets, cubicle dividers, etc. Office furniture is manufactured from high-quality materials to comfort users and protect official documents against dust, pests, theft, and fire. Consequently, it is widely utilized in individual workstations, cafeterias, meeting rooms, and lounges to enhance the overall work productivity of the employees.
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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Important Attribute and highlights of the Report:
- Detailed analysis of the global market share
- Market Segmentation
- Historical, current, and projected size of the market in terms of volume and value
- Latest industry trends and developments
- Competitive Landscape
- Strategies of major players and product offerings
Global Office Furniture Market Trends:
The rising construction of commercial zones and IT parks is among the key factors driving the global office furniture market. In line with this, the expanding corporate sector is also propelling the market growth. Furthermore, the growing number of start-ups and the increasing requirement for employment across the globe are catalyzing the demand for office furniture. Apart from this, continuous technological advancements that allow numerous key market players to develop smart office furniture are acting as another significant growth-inducing factor. Moreover, the rising integration of office furniture with sensors to remind the users to complete a given task at regular intervals is positively influencing the global market. Additionally, the escalating demand for premium as well as designer furniture is projected to augment the global office furniture market over the forecasted period.
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Key Market Segmentation:
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
Breakup by Product Type:
- Storage Units and File Cabinets
- Overhead Bins
Breakup by Material Type:
- Plastic and Fiber
Breakup by Distribution Channel:
- Direct Sales
- Specialist Store
- Non-Specialist Stores
Breakup by Price Range:
Breakup by Region:
- 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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