Contract Furniture Market Trends, Top Companies, Share, Growth And Forecast 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 Contract Furniture Global Market Report 2023 identifies the rise in commercial spaces as the major driver for the contract furniture market's growth in the forecast period. Commercial space is a broad real estate term for any area utilized for business or professional activities. Contract furniture is designed and manufactured for public and high-use commercial locations such as lobbies, waiting rooms, and offices in the business sector that can accommodate hundreds of highly durable individuals.

The global contract furniture market is expected to grow from $56.13 billion in 2022 to $59.81 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. 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 contract furniture market is expected to reach $74.36 billion in 2027 at a CAGR of 5.6%.

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Major competitors in the contract furniture market are Inter IKEA Systems BV,Herman Miller Inc., Steelcase Inc., Haworth Inc., LA-Z-Boy Inc., HNI Corporation, Okamura Corporation, Global Furniture Group, Arhaus Inc., Knoll Inc., Kimball International, Hooker Furniture, Kinnarps AB, OFS Brands Holdings Inc., Cabot Wrenn.

A key trend in the contract furniture market includes product innovation. Major companies operating in the contract furniture market are concentrating on developing innovative furniture to strengthen their position in the market. For instance, in February 2022, Godrej Interior, an India-based furniture company, introduced Move Up, an ergonomic desk innovation that encourages alternating postures. Move Up features an inclusive design with easy adjustment. Through the use of its software, it identifies the individuality of each individual and promotes smooth transitions between working postures. The program detects how much time the user spends sitting or standing and takes appropriate action while allowing the desk to move.

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The contract furniture market is segmented -
• By Product Type: Chairs And Stools, Tables And Desks, Storage Furniture, Sofa And Couch, Other Product Types

• By Materials: Upholstered, Non-Upholstered

• By Distribution Channel: Offline, Online

• By End-User: Government, Corporate Offices, Institutional, Healthcare Or Medical Facilities, Hospitality, Other End-Users

• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the contract furniture market.

The Business Research Company's "Global Contract 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 Contract Furniture Market Include:
1. Executive Summary
2. Contract Furniture Market Characteristics
3. Contract Furniture Market Trends And Strategies
4. Contract Furniture Market - Macro Economic Scenario
5. Global Contract Furniture Historic Market Size and Growth, 2017 - 2022, Value ($ Billion)
……
32. Global Contract Furniture Market Competitive Benchmarking
33. Global Contract Furniture Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Contract Furniture Market
35. Contract Furniture Market Future Outlook and Potential Analysis
36. Appendix

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