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Office Furniture Market by Product Types(Seating,Systems,Overhead bins),By Price Range(Low price,Moderate price,High price)

12-21-2016 01:11 PM CET | Leisure, Entertainment, Miscellaneous

Press release from: Research Nester Pvt Ltd

Office Furniture Market by Product

Office Furniture Market includes the wide range of office furniture such as cabinets, bookcase, desks and chairs. Factors like employee satisfaction, retention and taking work commitments towards company are allowing corporates to add new designs and attractive furniture in the office premises. As a result, the Global Office Furniture Market is anticipated to grow at a modest compound annual growth rate (CAGR) of 5.2% over the period of 2015-2021.

Market Segmentation

By Product Type
On the basis of product type the office furniture are classified as follows:
Seating
Systems
Overhead bins
Storage units and files
Tables

By Price Range

On the basis of price range the office furniture are classified into three categories:

Low price (no features)
Moderate price (featured furniture)
High price (luxury furniture)

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By End User

On the basis of end user the office furniture are classified as follows:
Workplace
Healthcare
Education sector

By Distribution Channel
Online
Off-line (retailers, agents, stockist, wholesaler etc.)
By Region
North America
Latin America
Western And Eastern Europe
Asia-Pacific
Row (Rest Of World)
Growth Drivers and Challenges
Increasing number of corporate offices, declining office vacancy rate and a modest rise in employment rate are the major drives of global office furniture market.
Environment Protection Acts and increasing deforestation are the major challenges for global office furniture market. In addition to that, swelled price of raw material also affects the global office furniture market.

Market Size and Forecast

Geographically, North America office furniture market is anticipated to account nearly 38.6% of market share in 2016. The countries in North America i.e. U.S. & Canada are the largest importers of office furniture. The office furniture market of the U.S. is expected to grow at a CAGR of 12% over the period of 2015-2021.

In 2015, Europe office furniture market saw an increase of 5% and the market is further projected to foster at robust growth rate over the forecast period.

Asia Pacific office furniture market was accounted to USD 7.2 billion in 2014 and it is estimated that the market would showcase the modest growth rate in next 5 years.

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Key players

The major players of global office furniture market are follows:
Herman Miller
Okamura
Kokuyo
HNI
Steelcase
Scope and Context
Overview of the Parent Market
Analyst View
Market Size and Growth
North America
Latin America
Western and Eastern Europe
Asia-Pacific

Rest of World
Segmentation
By Product Type
By End User
By Region
By Price Range

Research Nester is a global market research and consulting firm helping organizations, private entities, governments undertaking, non-legislative associations and non-profit organizations. With our decades of experience in the market research, we help our clients to gain a competitive edge over other players. Thus, helping them making strategic yet dynamic decisions for the future investments.

Contact Us:

Ajay Daniel
Email: ajay.daniel@researchnester.com
1820 Avenue M, Suite# 1113,
Brooklyn, New York 11230
Phone : U.S. +1 646 586 9123
U.K. +44 203 608 5919
web: www.researchnester.com

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