Institutional And Office Furniture Market Size, Share Analysis, Growth, Trends And Forecast 2023-2032

The Business Research Company's global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The Business Research Company's Institutional And Office Furniture Global Market Report 2023 identifies Increasing demand for online shopping as the major driver for the institutional and office furniture market's growth in the forecast period. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the furniture manufacturing market. In countries such as India, for instance, e-commerce portals have boosted the sales of furniture manufacturers by giving larger exposure to producers who were confined to one geography.

The global institutional and office furniture market size will grow from $223.39 billion in 2022 to $241.29 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of institutional and office furniture is expected to grow to $318.05 billion in 2027 at a CAGR of 7.1%.

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Major competitors in the institutional and office furniture market are Steelcase Inc., Haworth, Inc., Herman Miller Inc., HNI Corporation, Kokuyo Co Ltd.,

A key trend in the institutional and office furniture market includes eco-friendly furniture. This includes minimizing fuel consumption and recycling wood by-products. Companies manufacturing eco-friendly furniture products procure wood from plantations that grow sustainable plants and have a long-term conservation policy. For example, Crate and Barrel, a North American home retailer is working directly with the Tropical Forest Trust to ensure that the selected hardwood for manufacturing of their furniture is from sustainable plantations that are managed for their long-term conservation. Similarly, Ashley Furniture Industries, Inc. has adopted a "green" approach wherein it focuses on replenishing, recycling, and reusing of furniture by using recyclable engineered wood and by reducing raw materials wastage.

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The institutional and office furniture market is segmented -
•By Type: Institutional Furniture, Office Furniture
•By Distribution Channel: Exclusive Showrooms, Online, Supermarkets/Hypermarkets, Other Distribution Channels
•By Raw Material: Wood, Plastic, Metal
•Subsegments Covered: School Furniture , General Purpose Institutional Furniture, Public Bar, Bowling Center, Cafeteria, And Restaurant Furniture, Wooden Furniture, Metal Furniture, Plastic Furniture
•By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the institutional and office furniture market.

The Business Research Company's "Global Institutional And Office Furniture Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Institutional And Office Furniture Market Include:
1. Institutional And Office Furniture Market Executive Summary
2. Institutional And Office Furniture Market Segments
3. Institutional And Office Furniture Market Size And Institutional And Office Furniture Market Growth Rate
4. Key Institutional And Office Furniture Market Trends
5. Major Institutional And Office Furniture Market Drivers
……
25. Key Mergers And Acquisitions In The Institutional And Office Furniture Market
26. Top Institutional And Office Furniture Companies
27. Institutional And Office Furniture Market Opportunities And Strategies
28. Institutional And Office Furniture Market, Conclusions And Recommendations
29. Appendix

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