Global Office Furniture Market Assessment and Revenue Forecast Until the End of 2022

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.   

With the increasing use of advanced technology, office furniture manufacturers are also designing furniture that can fit with the new technology including a different type of gadgets, machines, etc. Employee health and wellness are emerging as the priority for businesses, manufacturers are focusing on developing and designing furniture offering great comfort and minimizing health issues. The concept of smart furniture is also gaining momentum such as office desks with sensors, where a person can set preference according to the comfort. For instance, the sensor attached to a chair can indicate when it’s time to change posture. More such new smart office furniture is being developed with a focus on specific use and comfort.

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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.

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.   

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.

The report’s succeeding section focuses on drivers, restraints and key trends from macroeconomic, demand, and supply perspectives. Impact analysis of weighted average model-based growth drivers is contained in the report for better provision of decision-making insights to clients.

The FactMR report provides an in-depth and segment-wise analysis and forecast of the global office furniture market. The report on office furniture market has been segmented into product type, sales channel, and region. This segmentation also offers detailed country-wise forecast on all the major parameters of the market.

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Table Of Content:

Global Office Furniture Market - Executive Summary
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
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
Continue…@@

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