Office Furniture Market - By Product (Seating, Storage Unit & Files, Work Station, Tables, Accessories), By Price Range (Premium, Medium, Economy), By Distribution Channel (Online stores, offline stores) & Global Region - Market Size, Trends, Share & Forecast 2018-2023
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Global Office Furniture Market Size, Trends, Share, Value & Forecast with Expected CAGR of 6.4% till 2023
1. Global Office Furniture Market Size,
Trends, Share, Value & Forecast with
Expected CAGR of 6.4% till 2023
A New Research report has been added to the comprehensive database of KD Market
Insights. The analysis library is titled “Office Furniture Market Size, Trends & Forecast 2018-
2023” which includes essential data about the stock, consumption, profits and market
share, consolidated with a report related to the business scope and product summary.
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2. Growth Drivers and Barriers
According to the International Labour Organization, world economic
growth increased by 3.6% in 2017 as compared to 3.2% in 2016. This
growth also marked decrease in unemployment across the globe.
Positive GDP growth figures of developed and developing regions
across the globe are believed to impact the growth of the market
positively. Further, new employment opportunities in developing
nations are thought to escalate the growth of the market. With the
increasing number of employed people across the globe, the demand
for new offices is also increasing.
Rapid introduction of innovative and advanced office furniture will intensify the
growth of the market in the upcoming years. Key vendors are offering advanced
& innovative designed furniture which are more healthy and comfortable. This
factor is bolstering the growth of the global furniture market across all regions.
Consumers such as enterprises and others prefer modern and modular office
furniture’s to improve the productivity which bodes well for the growth of the
market.
According to U.S. Census Bureau, residential office construction in the
U.S. grew by 3.4% by Nov. 2017 as compared to -2.8% in Dec. 2016. Also,
non-residential office construction spending witnesses a growth of 4.2%
in 2017. Further, the establishment of new office spaces across all
significant regions is expected to be the critical factor behind the growth
of the office furniture market during the forecast period.
Consumers with low spending budget are looking forward to adopting every
possible cost-effective furnishing solution such as online rental and second-
hand furniture. Further, this rising trend of furniture rental and adoption of old
furniture are reducing the demand for new furniture. Also, the decline in
demand for new furniture is likely to hinder the growth of the market over the
forecast period.
3. Segmentation
The research offers a comprehensive analysis of the office furniture market concerning the
following sub-markets:
By Product
- Seating (Office Chairs, Guest Chairs, Stools, Sofa, Others)
- Storage Unit and Files (Bins & Shelves, Cabinets, Others)
- Workstation (Individual Workstation, Collaborative Workstation, Others)
- Tables (Conference Tables, Dining Tables, Occasional Tables, Others)
- Accessories
By Price Range
- Premium
- Medium
- Economy
By Distribution Channel
- Online Stores
- Offline Stores
By Geography
North America (U.S. & Canada)
Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe)
Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and
Rest of Asia Pacific)
Latin America (Brazil, Mexico, Argentina and Rest of Latin America)
Middle East & Africa (GCC, North Africa, South Africa and Rest of the Middle East & Africa)
Competitive Landscape
The report profiles various major and niche market players such as
- Herman Miller Inc.
- Inter IKEA Group
- Okamura Corporation
- HNI Corporation
- Knoll, Inc.
- Steelcase Inc.
- Haworth Inc.
- Kokuyo Co Ltd.
- Kimball International Inc.
- Hooker Furniture
- Other Major & Niche Key Players
4. Competitive landscape analysis provides detailed strategic analysis of the company’s
business and performance such as financial information, revenue breakup by segment and
by geography, SWOT Analysis, risk analysis, key facts, company overview, business strategy,
key product offerings, marketing and distribution strategies, new product development,
recent news (acquisition, expansion, technology development, research & development
expansion and other market activities.
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Table of Content
Research Methodology
Market Definition and List of Abbreviations
1. Executive Summary
2. Growth Drivers & Issues in Global Market
3. Global Office Furniture Market Trends
4. Opportunities in the Global Office Furniture Market
5. Recent Industry Activities, 2017
6. Porter's Five Forces Analysis
7. Market Value Chain and Supply Chain Analysis
8.
9.
9.1. Introduction
9.2. Market Attractiveness, By Product
9.3. BPS Analysis, By Product
9.4. Seating (Office Chairs, Guest Chairs, Stools, Sofa, Others) Market Size (USD Million),
Forecast & Y-o-Y Growth Analysis, 2017-2023
9.5. Storage Unit and Files (Bins & Shelves, Cabinets, Others) Market Size (USD Million),
Forecast & Y-o-Y Growth Analysis, 2017-2023
9.6. Workstation (Individual Workstation, Collaborative Workstation, Others) Market Size
(USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9.7. Tables (Conference Tables, Dining Tables, Occasional Tables, Others) Market Size (USD
Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
9.8. Accessories Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
10.
10.1. Introduction
10.2. Market Attractiveness, By Price Range
10.3. BPS Analysis, By Price Range
10.4. Premium Market Size (USD Million), Forecast & Y-o-Y Growth Analysis,
2017-2023
6. 12.2.3.3. BPS Analysis, By Distribution Channel
12.2.3.4. Online Stores Market Size (USD Million), Forecast & Y-o-Y Growth Analysis,
2017-2023
12.2.3.5. Offline Stores Market Size (USD Million), Forecast & Y-o-Y Growth Analysis,
2017-2023
12.2.4. By Country
12.2.4.1. Market Attractiveness, By End-user
12.2.4.2. BPS Analysis, By End-User
12.2.4.3. U.S. Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-2023
12.2.4.4. Canada Market Size (USD Million), Forecast & Y-o-Y Growth Analysis, 2017-
2023
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