(2020-2030) Institutional And Office Furniture Market Size, Share, Demand, Industry Growth, Emerging Trends and Top Players Analysis | Covid 19 Impact And Recovery

The Business Research Company offers "Institutional And Office Furniture Global Market Report 2020-30: Covid 19 Impact And Recovery" in its research report store. It is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country. It also compares the market’s historic and forecast growth, and highlights important trends and strategies that players in the market can adopt.

The global institutional and office furniture market is expected to decline from $222.7 billion in 2019 to $216.8 billion in 2020 at a compound annual growth rate (CAGR) of -2.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $260.3 billion in 2023.

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The institutional and office furniture market consists of sales of institutional and office furniture by entities (organizations, sole traders and partnerships) that produce institutional and office furniture by designing office furniture including office chairs and desks, office and store fixtures, such as showcases.

Globally, furniture manufacturers are re–allocating their production plants. Rapid wage increases, rising transportation costs and the difficulty of effective quality control at offshore locations are leading them to re–assess the attractiveness of off–shoring production locations in the developing countries, therefore furniture manufacturers are opting for near shore production facilities. For instance, IKEA which has a facility in Virginia procures timber from nearby locations and sells its furniture products to its consumers in the US.

Institutional And Office Furniture Market Segmentation: -
By Type
Institutional Furniture
Office Furniture

By Distribution Channel
Exclusive Showrooms
Online
Supermarkets/Hypermarkets
Others

By Raw Material
Wood
Plastic
Metal

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Few Points From Table Of Content
1. Executive Summary
2. Report Structure
3. Institutional And Office Furniture Market Characteristics
4. Institutional And Office Furniture Market Product Analysis
5. Institutional And Office Furniture Market Supply Chain
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21. Key Mergers And Acquisitions In The Institutional And Office Furniture Market
22. Market Background: Furniture Market
23. Recommendations
24. Appendix
25. Copyright And Disclaimer

The report covers the trends and market dynamics of the Institutional And Office Furniture Market in major countries - Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA. The report also includes consumer surveys and various future opportunities for the market.

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Some of the key players involved in the Institutional And Office Furniture Market are IKEA AB; Herman Miller Inc; HNI Corporation; Okamura Corporation; Knoll Inc

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The Business Research Company has published over 1000 industry reports, covering over 2500 market segments and 60 geographies. The reports draw on 150,000 datasets, extensive secondary research, and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets after WHO declared COVID-19 as a pandemic.

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