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The global office furniture market reached a value of US$ 58.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 74.7 Billion by 2027, exhibiting at a CAGR of 4.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.
Office furniture is designed specifically for use in commercial and corporate spaces such as meeting rooms, individual workstations, cafeterias, and lounges. Filing cabinets, seating furniture and tables are some of the essential furniture items that help in enhancing the overall aesthetics of these spaces. Wood, steel, glass, and plastic are the most popular raw materials used for manufacturing these products. The style of office furniture can be correlated with the work style and output of the employees of an organization. At present, the global market for office furniture is driven by factors like the expanding corporate sector, rapidly growing real estate industry and escalating demand for premium and designer furniture.
An increase in the number of corporate offices owing to the rapid construction of IT Parks and commercial zones is creating a demand for modernized office furniture across the globe. In addition to this, for boosting colleague communications, collaborative environment and social interactions, organizations are creating informal office spaces. This shift has prompted the manufacturers in the office furniture industry to introduce intelligently designed furniture products. Other than this, on account of technological advancements and rising cases of health issues due to the sedentary lifestyle of employees, there has been a rise in the demand for smart workplace furniture that provides internet connectivity as well as promotes better posture and movement support. This factor is expected to have a significant impact on the demand for office furniture during the forecast period.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global office furniture market, along with forecasts at the global and regional level from 2022-2027. Our report has categorized the market based on product type, material type, distribution channel and price range.
Breakup by Product Type:
Breakup by Material Type:
Breakup by Distribution Channel:
Breakup by Price Range:
Breakup by Region:
The report has also analysed the competitive landscape of the market with some of the key players being Steelcase Inc., OKAMURA CORPORATION., HNI Corporation, Herman Miller Inc., Haworth Inc., Knoll Inc., KOKUYO Co. Ltd, Meridian Office Group, Kimball International, 9to5 Seating, BERCO DESIGNS, Hooker Furniture, etc.
|Base Year of the Analysis||2021|
|Segment Coverage||Product Type, Material Type, Distribution Channel, Price Range, Region|
|Region Covered||Asia Pacific, Europe, North America, Latin America, Middle East and Africa|
|Companies Covered||Steelcase Inc., OKAMURA CORPORATION., HNI Corporation, Herman Miller Inc., Haworth Inc., Knoll Inc., KOKUYO Co. Ltd, Meridian Office Group, Kimball International, 9to5 Seating, BERCO DESIGNS and Hooker Furniture|
|Customization Scope||10% Free Customization|
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|Post-Sale Analyst Support||10-12 Weeks|
|Delivery Format||PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)|
Key Questions Answered in This Report:
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