Press release
Office Furniture Market Report 2024: Market Trends and Competitive Analysis, by Top Key Vendors like: Steelcase, Herman Miller, Haworth, HNI Corporation, Okamura Corporation, Global Group, Teknion, Knoll, Kinnarps Holding
Favorable government policies and rising foreign direct investments have increased the number of MNCs in the country and also boosted the entry of foreign players. This has led to a rise in the number of offices as well as the demand for Office Furniture worldwide. Also, the growing number of companies in the technology, media, telecom, retail, financial, and transport sectors in 2014 has increased the demand for Office Furniture. Therefore, the growing demand for office space will be favorable for the growth of the Office Furniture market.In the past few years, the raw material prices were relatively stable and expected that the Office Furniture raw material price will be stable in the short term. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of Office Furniture. Therefore, to some extent, the companies face the risk of profit decline.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition in the Office Furniture market will become more intense. The worldwide market for Office Furniture is expected to grow at a CAGR of roughly 4.7% over the next five years, will reach 94200 million US$ in 2024, from 71500 million US$ in 2019, according to a new GIR (Global Info Research) study.
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Major Key Vendors of Office Furniture Market:
Steelcase, Herman Miller, Haworth, HNI Corporation, Okamura Corporation, Global Group, Teknion, Knoll, Kinnarps Holding, Kimball Office, Kokuyo, ITOKI, Uchida Yoko, Vitra Holding, Nowy Styl, Groupe Clestra Hausermann, Izzy+, Lienhard Office Group, Koninkije Ahrend, USM Holding, Bene, Sedus Stoll, Martela, Scandinavian Business Seating, EFG Holding, Fursys, AURORA, SUNON, Quama
The report covers the Office Furniture regions:
North America
Europe
Asia Pacific
Latin America
Middle East & Africa.
Market segments by Type:
Wood
Metals
plastic
others
Market segments by Applications:
Enterprise
Hospitals
Schools
Others
The report also covers in depth description, competitive scenario, wide product portfolio of prime players active in this market and business strategies adopted by competitors along with their SWOT analysis. The report also provides Porter analysis, PESTEL analysis and market attractiveness which helps to better understand the market scenario on macro and micro level. Side by side, it also explicitly provides information about mergers, acquisitions, joint ventures, and all the other important activities occurred in the market during the current and past few years.
Table of Contents:
1. Market Overview
1.1 Office Furniture Introduction
1.2 Market Analysis by Type
1.2.1 Wood
1.2.2 Metals
1.2.3 plastic
1.2.4 others
1.3 Market Analysis by Applications
1.3.1 Enterprise
1.3.2 Hospitals
1.3.3 Schools
1.3.4 Others
2. Manufacturers Profiles
3. Global Office Furniture Sales, Revenue, Market Share and Competition by Manufacturer
4. Global Office Furniture Market Analysis by Regions
5. North America Office Furniture by Country
6. Europe Office Furniture by Country
7. Asia-Pacific Office Furniture by Country
8. South America Office Furniture by Country
9. Middle East and Africa Office Furniture by Countries
10. Global Office Furniture Market Segment by Type
11. Global Office Furniture Market Segment by Application
12. Office Furniture Market Forecast
13. Sales Channel, Distributors, Traders and Dealers
14. Research Findings and Conclusion
15. Appendix
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Worldwide Market Reports is your one-stop repository of detailed and in-depth market research reports compiled by an extensive list of publishers from across the globe. We offer reports across virtually all domains and an exhaustive list of sub-domains under the sun. The in-depth market analysis by some of the most vastly experienced analysts provide our diverse range of clients from across all industries with vital decision making insights to plan and align their market strategies in line with current market trends. Worldwide Market Research’s well-researched inputs that encompass domains ranging from IT to healthcare enable our prized clients to capitalize upon key growth opportunities and shield against credible threats prevalent in the market in the current scenario and those expected in the near future.
Mr. Shah
Worldwide Market Reports
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