Press release
Contract Furniture Market Report 2024-2033 | Size, Share, Trends, Growth Analysis
Contract Furniture Market Report
Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=12465&type=smp
According to The Business Research Company's, The contract furniture market size has grown strongly in recent years. It will grow from $59.81 billion in 2023 to $63.61 billion in 2024 at a compound annual growth rate (CAGR) of 6.4%. The growth in the historic period can be attributed to corporate office expansion, trends in office design, hospitality and tourism growth, sustainable and eco-friendly practices, globalization of business.
The contract furniture market size is expected to see strong growth in the next few years. It will grow to $78.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%. The growth in the forecast period can be attributed to rise of remote work culture, wellness and ergonomic design, flexible and modular furniture solutions, customization and personalization, rapid growth of co-living spaces. Major trends in the forecast period include technology integration, biophilic design elements, smart furniture and iot integration, virtual and augmented reality in design, innovations in sustainable materials.
Get The Complete Scope Of The Report @
https://www.thebusinessresearchcompany.com/report/contract-furniture-global-market-report
Market Drivers and Trends:
The rise in commercial spaces globally is expected to propel the growth of the contract furniture market going forward. 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. For instance, in June 2023, according to the report published by Commercial Edge, a Canada-based commercial real estate software company, the average office listing rate in the United States is $38.36 per square foot in 2023, an increase of 2.1% yearly. The national vacancy rate increased by 30 basis points annually to 17% in 2023. Further, the under-construction office space in the United States is 116.2 million square feet in 2023, accounting for 1.8% of total stock. Therefore, the rise in commercial spaces globally is driving the growth of the contract furniture market.
Product innovation has emerged as a key trend gaining popularity in the contract furniture market. 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.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
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, Teknion Corporation, Pioneer Contract Furniture Ltd., Keilhauer Industries Ltd., Allseating Corporation, Allermuir Inc., Hauser Industries Inc., Jack Cartwright Inc., Carlick Contract Furniture Limited, Casala Limited, Modern Line Furniture, Aceray LLC.
Contract Furniture Market 2024 Key Insights:
• The contract furniture market size is expected to see strong growth in the next few years. It will grow to $78.93 billion in 2028 at a compound annual growth rate (CAGR) of 5.5%.
• Global Surge In Commercial Spaces Expands The Contract Furniture Market Growth
• Product Innovations Redefine The Contract Furniture Market Landscape
• North America was the largest region in the contract furniture market in 2023
We Offer Customized Report, Click @
https://www.thebusinessresearchcompany.com/Customise?id=12465&type=smp
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info
Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ
Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Contract Furniture Market Report 2024-2033 | Size, Share, Trends, Growth Analysis here
News-ID: 3759370 • Views: …
More Releases from The Business research company
Company Registration Service Market Landscape 2025: Forecast Data and Growth Str …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Company Registration Service Market Through 2025?
The market size for company registration services has seen robust growth in the recent past. The market is projected to expand from $10.67 billion in 2024 to $11.55 billion in 2025, exhibiting a compound annual growth…
Comprehensive 2025 Commercial Toilet Partition Market Overview: Trends, Forecast …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Toilet Partition Market Through 2025?
In recent years, the market size for commercial toilet partitions has significantly expanded. The forecast predicts a rise from $1.82 billion in 2024 to $1.95 billion in 2025, with a compound annual growth rate (CAGR) of…
Key Trends Influencing the Growth of the Commercial Insurance For Small And Medi …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Commercial Insurance For Small And Medium-Sized Enterprises (SMEs) Market Through 2025?
The market size of commercial insurance for small and medium-sized enterprises (SMEs) has seen substantial growth over the recent years. A rise from $111.83 billion in 2024 to $119.76 billion in…
Growing Focus On Reducing Greenhouse Gas Emissions Driving The Market Growth Due …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.
What Is the Expected CAGR for the Combustion Emissions Analyzer Market Through 2025?
In the past few years, the market size for combustion emissions analyzer has seen robust growth. It is projected to increase from $1.02 billion in 2024 to $1.09 billion in 2025, with a compound annual growth…
More Releases for Furniture
Hotel Furniture Market to See Booming Growth | Northland Furniture, Foliot Furni …
The latest study released on the Global Hotel Furniture Market by AMA Research evaluates market size, trend, and forecast to 2027. The Hotel Furniture market study covers significant research data and proofs to be a handy resource document for managers, analysts, industry experts and other key people to have ready-to-access and self-analyzed study to help understand market trends, growth drivers, opportunities and upcoming challenges and about the competitors.
Key Players in…
Bedroom Furniture Market Share by Top Companies, Size, Growth, Industry Analysis …
Bedroom Furniture Market Scope & Overview: The research investigates the key factors influencing international market growth. In order to assess the overall size of the Bedroom Furniture market during the forecast period, the report employed a bottom-up technique to collect and forecast data for a wide range of industrial verticals and end-user sectors, as well as their reach across numerous categories.
Market participants may utilize market data to develop strategies to…
Home Furniture Market, Office Furniture Market, Hospital Furniture Market, Woode …
Furniture is a movable/mutable object intended to support a variety of human activity including seating, sleeping, fencing and protection. It is also used to hold the object at the proper height for working. It can also be designed & used as a decorative object. Furniture has become a vital part of human life since non-nomadic culture. It is kept in home or other commercial buildings to make the living &…
Bedroom Furniture Market Growth 2017 to 2022: Dominated by ughan-Bassett Furnitu …
Worldwide Market Reports recently released “ Global Bedroom Furniture Market Research Report 2017” that centers around the latest developing trends and technologies in the Global Bedroom Furniture Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022.
During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry executives…
Bedroom Furniture Market Size to Grow Rapidly in Future | Global Key Players - a …
Worldwide Market Reports recently released “ Global Bedroom Furniture Market Research Report 2017” that centers around the latest developing trends and technologies in the Global Bedroom Furniture Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022.
During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry executives…
Bedroom Furniture Market Key Player Information are - Vaughan-Bassett Furniture …
Worldwide Market Reports recently released “ Global Bedroom Furniture Market Research Report 2017” that centers around the latest developing trends and technologies in the Global Bedroom Furniture Market having Five Years of forecast period from 2017 to 2022 and considering Market status study from 2017 to 2022.
During the research, noteworthy data was collected in order to shape the research document and make it a valuable resource for managers, industry executives…
