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Overview of Office Furniture Market Production, Consumption, Revenue and Market share, Reviewed till 2022

05-15-2018 02:44 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: Fact.MR

Fact.MR

Fact.MR

A freshly compiled business intelligent report, titled “Office Furniture Market Forecast, Trend Analysis & Competition Tracking – Global Review 2017 to 2022” has been publicized to the vast archive of Fact.MR online repository. This 170-page study delivers all the vital details and information required to know about office furniture market current as well as future prospects. The analysts of the study have gone through extensive research methodologies in order to generate data and information that reflects the latest market undercurrents and industry trends. For a deeper understanding of the market, a sub-category level analysis has been elaborated, by which readers and investors of the report will able to know that where the market stands to gain.

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Office furniture is a functional furniture that is designed specifically for workspace. Office furniture consists of desks, chairs, tables, drawers, cabinets, etc. Office furniture is designed according to the job function such as furniture for reception area is different from furniture in a meeting room or boardroom. Companies are adopting modular furniture with vibrant colors to enhance productivity and encourage innovative thinking by making the workplace more interesting. According to a study by Fact.MR, the global office furniture market is expected to experience steady growth. The market is estimated to reach US$ 30,501.2 million revenue towards 2022 end. Owing to the rise in the development of commercial complexes across the globe, the demand for office furniture is also increasing. Offering comfort and flexibility, manufacturers are designing furniture that can be integrated with technology. Meanwhile, fitness in the workspace is also being focused on by providing furniture offering comfort and supporting correct posture, thereby eliminating back problems.

Office Furniture to Witness Highest Sales through Retail Stores

Accounting for nearly one-third of the revenue share, retail stores is expected to emerge as the most lucrative sales channel for office furniture. Towards the end of 2022, retail stores are projected to bring in nearly US$ 9,600 million revenue. Although sales of office furniture through direct to customer sales channel is also expected to experience above-average growth during the forecast period 2017-2022.

Regional Outlook

Asia Pacific Excluding Japan (APEJ) is projected to witness impressive growth, exceeding US$ 14,700 million revenue by the end of 2022. Increasing development of corporate offices, rise in a number of MNCs building new offices, and growing number of startups and new entrants resulting in more number of employees are some of the factors driving the growth of office furniture in the region.

Office Chairs- Top-Selling Product

Compared to other office furniture such as tables, office systems furniture, storage furniture, etc., office chairs are expected to emerge as a top-selling product. Witnessing a steady growth, office chairs is estimated to surpass US$ 8,800 million value by the end of 2022. Meanwhile, office tables are also expected to account for nearly one-third of the revenue share by 2017 end.

Competition Tracking

The report offers a detailed profile of various companies that are expected to remain active in the expansion of global office furniture market through 2022, which include Herman Miller Inc., Steelcase Inc., Knoll, Inc., Okamura Corp, HNI Corporation, Uchida Yoko Co., Ltd, INABA SEISAKUSHO Co., Ltd, Itoki Corp, Fursys, Inc., and UE Furniture Co., Ltd.

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Table of Content:

1. Global Office Furniture Market – Executive Summary

2. Global Office Furniture Market Overview
2.1. Introduction
2.1.1. Global Office Furniture Market Taxonomy
2.1.2. Global Office Furniture Market Definition
2.2. Global Office Furniture Market Size (US$ Mn) and Forecast, 2012-2022
2.2.1. Global Office Furniture Market Y-o-Y Growth
2.3. Global Office Furniture Market Dynamics
2.4. Cost Structure
2.5. Pricing Analysis
2.6. Market Opportunities
2.7. Product Innovations
2.8. List of Distributors
2.9. Key Participants in the Market By Region

3. Global Office Furniture Market Analysis and Forecast By Product Type
3.1. Global Office Furniture Market Size and Forecast By Product Type, 2012-2022
3.1.1. Office Chairs Market Size and Forecast, 2012-2022
3.1.1.1. Revenue (US$ Mn) Comparison, By Region
3.1.1.2. Market Share Comparison, By Region
3.1.1.3. Y-o-Y growth Comparison, By Region
3.1.2. Office Tables Market Size and Forecast, 2012-2022
3.1.2.1. Revenue (US$ Mn) Comparison, By Region
3.1.2.2. Market Share Comparison, By Region
3.1.2.3. Y-o-Y growth Comparison, By Region

Continued….

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About Fact.MR

Fact.MR is a fast-growing market research firm that offers the most comprehensive suite of syndicated and customized Retail & Consumer Goods market reports. We believe transformative intelligence can educate and inspire businesses to make smarter decisions. We know the limitations of the one-size-fits-all approach; that’s why we publish multi-industry global, regional, and country-specific research reports.

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