Office Furniture Market Outlook to 2027 - Herman Miller, Humanscale, Kinnarps USA, Knoll, Kristalia, Poltrona Frau, Steelcase, The HON Company, Urban Office Interiors, VITRA INTERNATIONAL
The office furniture is gaining traction with the emergence of small offices and startups across the globe. Large and medium enterprises are investing in interiors for improving the aesthetic appeal as well as comfort for employees. Globalization and industrialization in the developing countries are further expanding the demand for office furniture in the market.
The office furniture market is anticipated to grow in the forecast period owing to driving factors such as a rise in the number of startups and home offices, coupled with increasing per capita income of individuals. Moreover, favorable government policies for -startups are another factor promoting the growth of the office furniture market. Fluctuations in raw material prices may negatively affect market growth. On the other hand, the popularity of smart offices with sensors equipped is widely gaining momentum, creating a host of opportunities for the market players in the coming years.
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The "Global Office Furniture Market Analysis to 2027" is a specialized and in-depth study of the manufacturing and construction industry with a special focus on the global market trend analysis. The report aims to provide an overview of office furniture market with detailed market segmentation by product, material type, and geography. The global office furniture market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading office furniture market players and offers key trends and opportunities in the market.
The global office furniture market is segmented on the basis of product and material type. Based on product, the market is segmented as desks and chairs, closets and cabinets, sofas and customized seating arrangements, dining furniture, and others. On the basis of the material type, the market is segmented as wood, metal, glass, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global office furniture market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The office furniture market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting office furniture market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the office furniture market in these regions.
The reports cover key developments in the office furniture market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved the way for the expansion of business and customer base of market players. The market players from office furniture market are anticipated to lucrative growth opportunities in the future with the rising demand for office furniture in the global market. Below mentioned is the list of few companies engaged in the office furniture market.
The report also includes the profiles of key office furniture companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of the last three years, key developments in the past five years.
Leading Office Furniture Market Players:
• Herman Miller Inc.
• Humanscale Corporation
• Kinnarps USA Inc
• Knoll Inc.
• Kristalia Srl
• Poltrona Frau S.p.a.
• Steelcase Inc.
• The HON Company
• Urban Office Interiors
• VITRA INTERNATIONAL AG
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Key Elements that the report acknowledges:
• Market size and growth rate during forecast period.
• Key factors driving the Office Furniture Market.
• Key market trends cracking up the growth of the Office Furniture Market.
• Challenges to market growth.
• Key vendors of Office Furniture Market.
• Detailed SWOT analysis.
• Opportunities and threats faces by the existing vendors in Global Office Furniture Market.
• Trending factors influencing the market in the geographical regions.
• Strategic initiatives focusing the leading vendors.
• PEST analysis of the market in the five major regions.
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