(MENAFN- Comserve) Shibuya-ku, Tokyo, Japan, Japan, Nov 01, 2021, 04:54 /Comserve / -- Europe Office Furniture market With Top Countries Data, industry Analysis , Size, Share, Revenue, Prominent Players, Developing Technologies, Tendencies and Forecast
The office furniture market in Europe is anticipated to witness strong growth in the forecast period. Some of the major factors attributing to this growth are the increasing number of offices in the region, and the emerging trends for office spaces such as flex offices and coworking spaces.
Europe plays a key role in the furniture sector, not just in terms of output but also in terms of consumer prices and foreign exchange standards. Office furniture is typically either wood-based or metal-based. Typically, the most common materials used in office furniture are wood, wood-based panels; metals; plastics; textiles, and foam materials.
Office furniture accounts for nearly 10-15% of the overall furniture consumption in Europe. It is also a market where import penetration is lower. It is partially attributed to the reality that major office furniture orders are mostly done by vendors, developing or co-developing a project with the supplier, thereby giving a competitive advantage to national corporations. The top five producers of office furniture in the region are Germany, France, United Kingdom, Italy, and Spain.
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Key Market Trends
Increasing Production of Office Furniture in Europe
The European office furniture production increased significantly by nearly 2.4% in 2018, representing the highest value of the last decade. Around 84% of the office production in Europe originates in Western Europe, and the remaining production happens in Central Eastern Europe.
The office furniture consumption in Europe has also increased since the past few years, indicating the rising demand for furniture products in the region. Some of the major countries in the region that produce office furniture include Austria, Italy, France, and Spain in the western European market. Germany, Italy, Poland, France, and the United Kingdom are the major producers of office furniture products in the Eastern part of Europe. However, Germany, Italy, Poland, the United Kingdom, and France rank among the top 12 furniture manufacturers worldwide and hold a combined share of 66% of Europe's furniture production.
In terms of materials used, there is a trend away from the use of wood in EU office furniture production towards plastic and metal, although wood still accounts for important shares of production (80% in office desks, 30% in worktops, 50% in cabinets, storage and filing system and wall to wall units).
Germany is One of the Leading Countries for Office Furniture
The German office furniture segment has been recording a stable upward trend for the past five years with a steady rise in the annual sales of office furniture in the country. The main drivers of growth were high-quality ergonomic swivel chairs, which encourage health-promoting seating and furniture for communication zones. There is also a rising Demand for work tables with adjustable heights. There was also high growth in office seating sales, with turnover in this segment increased by nearly 5.7% in 2019.
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The demand for office furniture is also increasing in domestic businesses in the country due to the support of new work environments. There is also an increasing demand for ergonomic equipment for home offices, and other workplaces outside of the company locations are also increasing. Industry experts see digitization as a key factor in continued strong demand for redesigned office workplaces.
Competitive Landscape
The European office furniture market is fragmented with the presence of players Steelcase, Kinnarps, Nowy Styl, and Herman Miller Europe. The European furniture manufacturers have a good reputation worldwide due to their creative capacity for new designs and responsiveness to new demands. The industry is able to combine new technologies and innovation with cultural heritage and style, and provides jobs for highly skilled workers.
1 INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET INSIGHTS
4.1 Insights on Standards and Regulations for Office Furniture in Europe
4.2 Insights on Key Trends in the Industry
4.3 Insights on Latest Innovations
4.4 Impact of COVID-19 on the market
5 MARKET DYNAMICS
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