Commercial Furniture Market Growth Prospects by Regions and Key Players to 2029| Steelcase, Herman Miller, Haworth, HNI Corporation

The qualitative report published by market intelligence data research on the "Commercial Furniture Market offers an in-depth examination of the current trends, latest expansions, conditions, market size, various drivers, limitations, and key players along with their profile details. The Commercial Furniture market report offers the historical data for 2017 to 2022 and also makes available the forecast data from the year 2023 to 2029 which is based on revenue. With the help of all this information research report helps the Market contributors to expand their market positions. With the benefit of all these explanations, this market research report recommends a business strategy for present market participants to strengthen their role in the market. This report analyzes the impact of the Covid 19 pandemic on the Commercial Furniture Market from a Global and Regional perspective.

The global Commercial Furniture Market size was valued at USD 140.17 billion in 2023 and is expected to grow at a compound annual growth rate (CAGR) of 5.4% from 2023 to 2029.

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Top Key Players are covered in the Commercial Furniture Market Report:

Steelcase, Herman Miller, Haworth, HNI Corporation, Okamura Corporation, Kokuyo, ITOKI, Global Furniture Group, Teknion, Knoll, Kimball International, KI, Kinnarps Holding, Nowy Styl, Ahrend, Henglin Chair Industry, Flokk, Fursys, SUNON, Uchida Yoko, Changjiang Furniture Company, Sedus Stoll, EFG, Aurora, Bene AG, Quama, Martela, USM Modular Furniture

Industry News:

In July 2022: HNI Corp. announced that it has completed the sale of its China- and Hong Kong-based Lamex office furniture business to Kokuyo Co., Ltd. for USD 75 million

In 2021, Herman Miller and Knoll merged to establish the preeminent leader in modern design, catalyzing the transformation of the home and office

Regional Analysis:

The region-wise coverage of the market is mentioned in the report, mainly focusing on the regions:

North America (NA) - US, Canada, and Mexico

Europe (EU) - UK, Germany, France, Italy, Russia, Spain & Rest of Europe

Asia-Pacific (APAC) - China, India, Japan, South Korea, Australia & Rest of APAC

Latin America (LA) - Brazil, Argentina, Peru, Chile & Rest of Latin America

The Middle East and Africa (MEA) - Saudi Arabia, UAE, Israel, South Africa

The Asia Pacific region dominated the industry in 2022 with a share of more than 35.40% of the overall revenue owing to the increase in the need for operational spaces and the growing construction of offices and corporate buildings across the region. Moreover, the number of offices has expanded along with the working population, which has led to a rise in the need for office furniture. Furthermore, China is one of the world's top producers and exporters of commercial furniture.

This is also propelling regional market growth. The Middle East & Africa region is expected to witness the second-fastest growth rate from 2023 to 2029. This growth can be attributed to the expanding hospitality industry and the increasing need for office space. In addition, the market expansion is being accelerated by the increased demand for furniture in establishments like bars, coffee shops, and restaurants; among other end-users.

Market Segment Analysis:

The Commercial Furniture Market Report provides a preliminary review of the industry, definitions, classifications, and enterprise chain shape. Market analysis is furnished for the worldwide markets which include improvement tendencies, hostile view evaluation, and key regions development. Development policies and plans are discussed, and manufacturing strategies and fee systems are also analyzed.

Commercial Furniture Market Segmentation by Types:

Seating

Tables

Casegood

Other

Commercial Furniture Market Segmentation by Applications:

Office

Hospitality

Education

Healthcare

Other

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Significant Features and Key Highlights of the Commercial Furniture Market Reports:

- Detailed overview of The Commercial Furniture market.

- Changing market dynamics of the industry.

- In-depth market breakdown by Type, Application, etc.

- Historic, existing, and predictable market size in terms of extent and worth.

- Recent manufacturing trends and developments.

- Competitive landscape of The Commercial Furniture market.

- Approaches to significant performers and product help.

- Prospective and niche sectors/regions exhibiting promising growth.

Detailed TOC of Commercial Furniture Market Research Report 2023 - 2029

Chapter 1 Commercial Furniture Market Overview

Chapter 2 Global Economic Impact on Industry

Chapter 3 Global Market Competition by Manufacturers and, Market data

Chapter 4 Global Supply (Production), Consumption, Export, Import by Regions

Chapter 5 Global Production, Revenue (Value), Price Trend by Type and Region

Chapter 6 Global Market Analysis by Application

Chapter 7 Manufacturing Cost and, Gross profit Analysis

Chapter 8 Industrial Chain, Sourcing Strategy, and Downstream Buyers

Chapter 9 Marketing Strategy and, Status Analysis, Distributors/Traders

Chapter 10 Market Driving Effect Factors Analysis

Chapter 11 Global Commercial Furniture Market Trends and, Forecast

Chapter 12 Research Methodology

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COVID-19 and Russia-Ukraine War Influence Analysis

The readers in the section will recognize how the Commercial Furniture market scenario changed across the globe during the pandemic, post-pandemic, and Russia-Ukraine War. The study is done keeping in view the changes in aspects such as demand, consumption, transference, consumer behavior, supply chain management, export and import, and production. The industry experts have also highlighted the key factors that will help create opportunities for players and stabilize the overall industry in the years to come. These factors negatively affected the market during the war."

The Commercial Furniture Market report gives answers to the following:

What guidelines are followed by key performers to contest this Covid-19 condition?
What are the important matters drivers, opportunities, challenges, and dangers of the market?
will face surviving?
Which are the essential market players in the Commercial Furniture industry?
What is the forecast compound annual growth rate (CAGR) of the global market for the duration of the forecast period (2023-2029)?
What could be the anticipated value of the Commercial Furniture marketplace during the forecast period?

Customization:

The Commercial Furniture Market Report may well be modified to meet your detailed business essentials. Because we understand what our clients want, we provide up to 20% customization for any of our market intelligence data reports at no added cost to all of our Users.

Thanks for reading this article...!! you can also customize this report to get select chapters or region-wise coverage with regions such as Asia, North America, and Europe.

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