Office furniture market | 2022

According to the latest report from the IMARC group, entitled “Office Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027,” offers a comprehensive industry analysis, which includes insights into the global office furniture market. The report also includes competitor and regional analysis, as well as contemporary advancements in the global market.

The global office furniture market reached a value of US$58.4 billion in 2021. Looking ahead, IMARC Group expects the market to reach US$74.7 billion by 2027, exhibiting at a CAGR of 4.1% during the period 2022-2027. Office furniture is specially designed for use in corporate and commercial spaces. Filing cabinets, chairs, tables, storage units, systems, etc. are some of the essential pieces of furniture that contribute to improving the overall attractiveness of these spaces. Office furniture is made with several materials, including wood, glass, steel, plastic, metal, fiber, etc. The style of this furniture can be incorporated into the work style and performance of employees in an organization. Thus, office furniture finds many applications in cafeterias, individual workstations, meeting rooms, lounges, etc.

We regularly monitor the direct effect of COVID-19[feminine] in the market, as well as the indirect influence of associated industries. These observations will be incorporated into the report.

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Important Attribute and Report Highlights:

• Detailed Global Market Share Analysis
• Market segmentation
• Historical, current and projected market size in terms of volume and value
• Latest industry trends and developments
• Competitive landscape
• Strategies of key players and product offerings

Global Office Furniture Market Trends:

The increasing number of corporate offices in the countries, owing to the rapid construction of IT parks and commercial areas, is mainly driving the office furniture market. Furthermore, the increasing demand for informal office spaces by organizations to boost communications between colleagues, foster social interactions and enable a collaborative environment is further increasing the growth of the market. Apart from this, increasing technological advancements are also catalyzing the global market. In addition, the expansion of the real estate sector and the growing demand for high-end and designer furniture are important growth factors. Furthermore, the growing need for smart work furniture that provides internet connectivity and promotes better motion support is expected to bolster the office furniture market in the coming years.

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Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the major players operating in the market.

Some of these key players include:

• Steelcase Inc.
• Okamura Corporation
• HNI Company
• Herman Miller Inc.
• Haworth, Inc.
• Knoll, Inc.
• KOKUYO Co., Ltd.
• Meridian Limited Office Furniture
• Kimball International, Inc.
• D3, Inc.
• BERCO DESIGNS
• Hooker Furniture Company

Breakdown by product type:

• Seats
• Systems
• the tables
• Storage units and filing cabinets
• Hanging bins
• Others

Breakdown by type of material:

• Wood
• Metal
• Plastic and fiber
• Glass
• Others

Breakdown by distribution channel:

• direct sales
• Specialized store
• Non-specialized stores
• On line
• Others

Breakdown by price range:

Breakdown by region:

• North America (USA, 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, Others)

Main highlights of the report:

• Market Performance (2016-2021)
• Market Outlook (2022-2027)
• Impact of COVID-19 on the market
• Porter’s Five Forces Analysis
• Historical, current and future market trends
• Market drivers and success factors
• SWOT analysis
• Market structure
• Value chain analysis
• Complete mapping of the competitive landscape

Table of contents of the report:

• Preface
• Scope and methodology
• Summary
• Introduction
• Global market
• SWOT analysis
• Value chain analysis
• Price analysis
• Competitive landscape

Note: If you need specific information that is not currently covered by the report, we can provide it to you as part of the customization.

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The IMARC Group is a leading market research firm providing management strategies and market research worldwide. We partner with clients across all industries and geographies to identify their most important opportunities, address their most critical challenges and transform their businesses.

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