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Office Furniture Market Is Thriving | 9to5 Seating, AFC SYSTEMS, BERCO DESIGNS

Office Furniture Market

Office Furniture Market

A new research document with title 'Global Office Furniture Market 2017-2021’ covering detailed analysis, Competitive landscape, forecast and strategies. The study covers geographic analysis that includes regions like APAC, Europe, North America, ROW and important players/vendors such as 9to5 Seating, AFC SYSTEMS, BERCO DESIGNS The report will help user gain market insights, future trends and growth prospects for forecast period of 2017-21

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HTF recognizes the following companies as the key players in the global office furniture market: Herman Miller, HNI, KOKUYO, Okamura, and Steelcase

Other Prominent Vendors in the market are: 9to5 Seating, AFC SYSTEMS, BERCO DESIGNS, Clarin, Creative Wood, Global Upholstery Solutions, Godrej & Boyce, KI, Kimball International, Kinnarps, Knoll, Meridian Office Group, Sedus, Teknion, and Wipro Furniture Business.

Commenting on the report, an analyst from HTF’s team said: “The latest trend gaining momentum in the market is Developing innovative and cost-effective products. The manufacturers in the global office furniture market are focused on developing innovative and cost-effective products. For instance, HNI provides innovative and differentiated end-user solutions targeting specific end-user industries. Wilkhahn, a German office furniture brand, launched the IN chair; the chair helps users to simulate core body muscles and encourage regular motion during work hours.”

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According to the report, one of the major drivers for this market is Growing demand for modern, luxury furniture. An expanding global economy and increased focus on work-space aesthetics have fueled the demand for luxury furniture across the globe. The global market for modern, luxury furniture is expected to grow at a CAGR of around 5% during the forecast period. Geographically, Europe accounts for the largest market share of luxury furniture. Developing countries such as China and India are expected to grow at fast rates due to their expanding economies and growing number of technology parks. The advent of modern healthcare systems across the globe (especially in developing regions such as APAC) has further fueled the market for luxury office furniture. A global increase in the number of theme-based food service joints, hotels, and restaurants has boosted the demand for luxury furniture in the foodservice industry. The growth in the global lodging industry is further fueling the growth of the global luxury furniture market.

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Further, the report states that one of the major factors hindering the growth of this market is High transportation cost and freight loss. The supply chain of the global office furniture market includes the procurement of raw materials from suppliers, production of furniture, storage of furniture in warehouses, and inventory management. Fluctuating transportation costs across the globe affect manufacturers as the transportation of furniture and related products forms a major part of the supply chain for office furniture. Transportation costs are involved in the supply of raw materials to factories, the supply of intermediary goods to production sites, transportation of end products to warehouses, and delivery of finished goods to end-users. Transportation costs incurred by companies include taxes, duties, and fuel prices.

Table of Contents
• Global furniture market
• Global office furniture market
• Five forces analysis
• Global office furniture market by distribution channel
• Global office furniture market by offline distribution channel
• Global office furniture market by online distribution channel
• Global office furniture market by product
• Global office furniture market segmentation by end-user
• Geographical segmentation
• Regional comparison
• Americas – market size & forecast
• EMEA – market size & forecast
• APAC – market size & forecast
• Key leading co


Thanks for reading this article, you can also get individual chapter wise section or region wise report version like North America, Europe or Asia.

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HTF Market Report is a wholly owned brand of HTF market Intelligence Consulting Private Limited. HTF Market Report global research and market intelligence consulting organization is uniquely positioned to not only identify growth opportunities but to also empower and inspire you to create visionary growth strategies for futures, enabled by our extraordinary depth and breadth of thought leadership, research, tools, events and experience that assist you for making goals into a reality. Our understanding of the interplay between industry convergence, Mega Trends, technologies and market trends provides our clients with new business models and expansion opportunities. We are focused on identifying the “Accurate Forecast” in every industry we cover so our clients can reap the benefits of being early market entrants and can accomplish their “Goals & Objectives”.

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