Office Furniture Market by Product Types(Seating,Systems,Overhead bins),By Price Range(Low price,Moderate price,High price)
By Product Type
On the basis of product type the office furniture are classified as follows:
Storage units and files
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:
By Distribution Channel
Off-line (retailers, agents, stockist, wholesaler etc.)
Western And Eastern Europe
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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The major players of global office furniture market are follows:
Scope and Context
Overview of the Parent Market
Market Size and Growth
Western and Eastern Europe
Rest of World
By Product Type
By End User
By Price Range
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