(MENAFN- IMARC Group) According to the latest report by IMARC Group, titled "Office Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global office furniture market reached a value of US$ 71 Billion in 2020. Looking forward, IMARC Group expects the global office furniture market to exhibit moderate growth during 2021-2026. Office furniture includes desks, chairs, tables, storage cabinets and shelving, filing cabinets, and cubicle dividers that are used in commercial and corporate spaces. They are specifically designed to meet the requirements of the employees while improving the overall aesthetic appearance of the workplace. These pieces of furniture are extremely efficient and are made from high-quality materials to offer comfort to the users and protect important documents and electronics against dust, theft, fire and pests. Consequently, they are widely being used in meeting rooms, individual workstations, cafeterias, and lounges to improve the overall work productivity of the employees.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Office Furniture Market Trends:
The market is primarily driven by a significant increase in the construction of commercial zones and IT parks. Numerous corporates and enterprises are taking initiatives to create an informal workplace with furnishings that would cater to the comfort of the employees. This assists in promoting social interaction among the employees and facilitating a collaborative and productive environment. In line with this, significant growth in the corporate sector is also providing a thrust to the market growth. Apart from this, a considerable rise in the number of start-ups and an increasing requirement for employment across the globe are acting as another major growth-inducing factor. Moreover, continual research and development (R&D) has enabled manufacturers to develop intelligent and smart office furniture. They are also integrating furniture with sensors to remind the users to change their posture or complete a certain task at regular intervals, which is further creating a positive outlook for the market. Other factors influencing the market growth include the availability of multi-functional furniture, and several technological advancements in the market.
Key Market Segmentation:
Competitive Landscape:
The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.
Some of these key players include:
• Steelcase Inc.
• Okamura Corporation
• HNI Corporation
• Herman Miller Inc.
• Haworth, Inc.
• Knoll, Inc.
• KOKUYO Co., Ltd.
• Meridian Office Furniture Limited
• Kimball International, Inc.
• D3, Inc.
• BERCO DESIGNS
• Hooker Furniture Corporation
Breakup by Product Type:
• Seating
• Systems
• Tables
• Storage Units and File Cabinets
• Overhead Bins
• Others
Breakup by Material Type:
• Wood
• Metal
• Plastic and Fiber
• Glass
• Others
Breakup by Distribution Channel:
• Direct Sales
• Specialist Store
• Non-Specialist Stores
• Online
• Others
Breakup by Price Range:
• Low
• Medium
• High
Breakup by Region:
• North America
• Asia Pacific
• Europe
• Latin America
• Middle East and Africa
Key highlights of the report:
• Market Performance (2015-2020)
• Market Outlook (2021-2026)
• Porter’s Five Forces Analysis
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain
• Comprehensive Mapping of the Competitive Landscape
If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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