Press release
Office Furniture Market To Be Driven by the Increase in Number of Offices Worldwide
KD Market Insights
Launch of Innovative Office Furniture
Rapid introduction of innovative and advanced office furniture will intensify the growth of the market in the upcoming years. Key vendors are offering advanced & innovative designed furniture which are healthier and more comfortable. This factor is bolstering the growth of the global furniture market across all regions. Consumers such as enterprises and others are preferring modern and modular office furniture’s to improve the productivity which bodes well for the growth of the market.
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The Thrust on Real Estate and Office Construction Around the World are Likely to Drive the Global Office Furniture Market at 9.1% CAGR during 2019 & 2024.
As per KD Market Insights research, the global office furniture market is expected to witness robust growth over the next five years to reach an estimated value of USD 95,274.2 Million in 2024. The global office furniture market is expected to expand at a CAGR of 9.1% in the terms of value during the time period i.e. 2019–2024. Increase in the employment rate and rising consumption of office spaces are few of the key factors impelling the growth of the office furniture market. Moreover, increasing office construction spending across the globe is expected to behold the growth of the market.
The global office furniture market has been segmented on the basis of product type, price range, and distribution channel. The office furniture product market is segmented into seating, storage unit & files, workstation, tables, and accessories. In terms of value, office seating segment is anticipated to reach USD 35,025.4 Million by the end of 2024 and is anticipated to flourish at a CAGR of 9.9% over the forecast period. Further, the global office seating market expected to achieve the absolute $ opportunity of USD 13,173.2 Million between 2019–2024.
In the price range segment, the office furniture market is sub-segmented into premium, medium, and economy. Among this segment, economy office furniture segment is expected to expand at a CAGR of 8.5% in terms of value over the forecast period i.e. 2019–2024.
Browse full Research Report With TOC @ https://www.kdmarketinsights.com/product/office-furniture-market-2017
Regional Outlook:
In terms of geography, the office furniture market is segregated into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. Asia Pacific office furniture market accounted for a market share of 46.8% in 2018 and is expected to attain a notable market share by the end of 2024.
In terms of value, the Asia Pacific office furniture market is expected to reach USD 48,156.3 Million by the end of 2024 from USD 27,205.9 Million in 2018. The market value of the Asia Pacific office furniture market is expected to rise at a CAGR of 10.5% over the forecast period. In addition to this, the Asia Pacific office furniture market value is projected to witness a Y-O-Y growth of 13.7% in 2024 as compared to previous years.
Competitive Landscape:
The report also covers detailed competitive analysis of major market players of the global office furniture market, such as Herman Miller Inc., Inter IKEA Group, Okamura Corporation, HNI Corporation, Knoll, Inc., Steelcase Inc., Haworth Inc., Kokuyo Co Ltd., Kimball International Inc., Hooker Furniture and others prominent players. The office furniture market is witnessing a wide range of industry activities such as product launch, acquisition, agreement, and expansion across the globe. For instance, on 28th January 2019, Kimball announced the launch of its new product Helio to their office seating portfolio. This product launch increases the product offering of the company.
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Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Office Furniture Market
3. Global Office Furniture Market Trends
4. Opportunities in Global Office Furniture Market
5. Recent Industry Activities, 2017
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8. Products Average Price Analysis, By Country
9. Global Office Furniture Market Value (USD Million), 2017-2023
10. Global Office Furniture Market Segmentation Analysis, By Product
10.1. Introduction
10.2. Market Attractiveness, By Product
10.3. BPS Analysis, By Product
10.4. Seating Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.4.1. Office Chairs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.4.2. Guest Chairs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.4.3. Stools Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.4.4. Sofa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.4.5. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5. Storage Unit and Files Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5.1. Bins & Shelves Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5.2. Cabinets Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.5.3. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.6. Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.6.1. Individual Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.6.2. Collaborative Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.6.3. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.7. Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.7.1. Conference Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.7.2. Dining Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.7.3. Occasional Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.7.4. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
10.8. Accessories Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11. Global Office Furniture Market Segmentation Analysis, By Price Range
11.1. Introduction
11.2. Market Attractiveness, By Price Range
11.3. BPS Analysis, By Price Range
11.4. Premium Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.5. Medium Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
11.6. Economy Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12. Global Office Furniture Market Segmentation Analysis, By Distribution Channel
12.1. Introduction
12.2. Market Attractiveness, By Distribution Channel
12.3. BPS Analysis, By Distribution Channel
12.4. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
12.5. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13. Geographical Analysis
13.1. Introduction
13.2. North America Market Value (USD Million) & Volume (MT) Forecast, 2017-2023
13.2.1. By Product
13.2.1.1. Introduction
13.2.1.2. Market Attractiveness, By Product
13.2.1.3. BPS Analysis, By Product
13.2.1.4. Seating Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.4.1. Office Chairs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.4.2. Guest Chairs Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.4.3. Stools Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.4.4. Sofa Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.4.5. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.5. Storage Unit and Files Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.5.1. Bins & Shelves Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.5.2. Cabinets Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.5.3. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.6. Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.6.1. Individual Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.6.2. Collaborative Workstation Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.6.3. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.7. Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.7.1. Conference Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.7.2. Dining Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.7.3. Occasional Tables Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.7.4. Others Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.1.8. Accessories Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.2. By Price Range
13.2.2.1. Introduction
13.2.2.2. Market Attractiveness, By Price Range
13.2.2.3. BPS Analysis, By Price Range
13.2.2.4. Premium Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.2.5. Medium Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.2.6. Economy Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.3. By Distribution Channel
13.2.3.1. Introduction
13.2.3.2. Market Attractiveness, By Distribution Channel
13.2.3.3. BPS Analysis, By Distribution Channel
13.2.3.4. Online Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.3.5. Offline Stores Market Value (USD Million) Forecast & Y-o-Y Growth Analysis, 2017-2023
13.2.4. By Country
13.2.4.1. Market Attractiveness, By Country
13.2.4.2. BPS Analysis, By Country
13.2.4.3. U.S. Market Value (USD Million) & Volume (MT) Forecast, 2017-2023
13.2.4.4. Canada Market Value (USD Million) & Volume (MT) Forecast, 2017-2023
Press Release : https://www.kdmarketinsights.com/posts/office-furniture-market
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