According to the latest report by IMARC Group, titled "Office Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," 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 are designed to be used in offices, commercial and corporate spaces. Some of the commonly used office furniture includes filing cabinets, seating furniture, tables, workstations, and shelves that are designed to meet the requirements of the employees. Nowadays, there has been a high demand for versatile and multi-functional furniture that offers enhanced portability in a limited space.
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.
Global Office Furniture Market Trends:
The global market is majorly driven by significant expansion in the information technology (IT) sector. This, in confluence with the increased emphasis on aesthetics and the rising demand for workplaces with furnishings that cater to the comfort of the employees, is providing a thrust to market growth. Moreover, continual technological advancements have led to a considerable rise in the demand for smart furniture across the corporate sector, thereby creating a positive outlook for the market. For instance, office desks integrated with an embedded controller to enable employees to control various tasks, such as setting up the optimal temperature, are gaining widespread prominence across the globe.
Explore Full Report with TOC & List of Figure: https://www.imarcgroup.com/office-furniture-market
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.
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