Global Office Furniture Market to Grow at a CAGR of 3.71% During The Period 2017-2021.

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About Office Furniture

Office furniture consists of specific furniture designed for office applications such as individual workstations, meetings, lounges, and cafeterias. Wood, steel, plastic, glass, and other materials are used in manufacturing office furniture. The major factors that aid in the growth of the global furniture market are increasing population, high global penetration of organized retail, and rapidly growing real estate industry across the globe. The growth in the market is expected to be driven by a growing demand for premium, ready-to-assemble, eco-friendly, and designer furniture.


Technavios analysts forecast the global office furniture market to grow at a CAGR of 3.71% during the period 2017-2021.

Covered in this report
The report covers the present scenario and the growth prospects of the global office furniture market for 2017-2021. To calculate the market size, the report considers the new installations value market.
The market is divided into the following segments based on geography:
Americas
APAC
EMEA

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Technavio's report, Global Office Furniture Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
Herman Miller
HNI
KOKUYO
Okamura
Steelcase
Other prominent vendors
9to5 Seating
AFC SYSTEMS
BERCO DESIGNS
Clarin
Creative Wood
Global Upholstery Solutions
Godrej & Boyce
KI
Kimball International
Kinnarps
Knoll
Meridian Office Group
Sedus
Teknion
Wipro Furniture Business
Market driver
Growing demand for modern, luxury furniture
For a full, detailed list, view our report

Market challenge
High transportation cost and freight loss
For a full, detailed list, view our report

Market trend
Developing innovative and cost-effective products
For a full, detailed list, view our report

Key questions answered in this report
What will the market size be in 2021 and what will the growth rate be?
What are the key market trends?
What is driving this market?
What are the challenges to market growth?
Who are the key vendors in this market space?

 Table of Contents
PART 01: EXECUTIVE SUMMARY
PART 02: SCOPE OF THE REPORT
PART 03: RESEARCH METHODOLOGY
PART 04: INTRODUCTION
Global furniture market
PART 05: MARKET LANDSCAPE
Global office furniture market
Five forces analysis
PART 06: MARKET SEGMENTATION BY DISTRIBUTION CHANNEL
Global office furniture market by distribution channel
Global office furniture market by offline distribution channel
Global office furniture market by online distribution channel
PART 07: MARKET SEGMENTATION BY PRODUCT
Global office furniture market by product
PART 08: MARKET SEGMENTATION BY END-USER
Global office furniture market segmentation by end-user
PART 09: REGIONAL LANDSCAPE
Geographical segmentation

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Regional comparison
Americas market size & forecast
EMEA market size & forecast
APAC market size & forecast
Key leading countries
Market opportunity
PART 10: DECISION FRAMEWORK
PART 11: DRIVERS AND CHALLENGES
Market drivers
Market challenges
PART 12: MARKET TRENDS
Continue...

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Office Furniture Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025

Researchmoz added Most up-to-date research on "Office Furniture Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 - 2025" to its huge collection of research reports.

The global office furniture market includes all furniture assets in an office such as cabinets, tables, seating furniture etc. Furniture is an important part of modern offices. Office furniture differentiates corporate buildings from residential buildings. Office furniture is also associated with employee productivity and overall work lifestyle of an employee. Employee ergonomics is heavily dependent on the seating furniture and desk furniture at the office. Most employees spend most of their daylight time in office; hence, offices need to provide them with good furniture.

Rising service industry, especially information and technology services is a key driver for growth of the global office furniture market. In recent years, service industry has grown significantly. Unlike manufacturing industry, service industry requires big corporate offices instead of big production plants. Service industry is human resource intensive. Quality and scale of the services is heavily dependent on human resources of a service company. To acquire and to retain skilled employees, service companies need to improve work life of its employees. Furniture is a key aspect of work life of an employee in a service industry. Hence, service companies tend to buy quality furniture to acquire and retain employees. The growing service industry is expected to boost the global office furniture market in the near future.

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Multiple IT parks and commerce zones have standard furniture throughout the building, usually leased to companies. Large scale manufacturing of office furniture and standardization of office furniture helps office furniture manufacturers to minimize the costs. Due to automation in office furniture manufacturing, manufactures can design standard desks, cabinets, or seating systems at much lower cost as compared to customized requirements. Standardization of office furniture in IT parks and commerce zones is expected to boost the global office furniture market in the near future.

Limited land for tree planting to harvest wood is a key restraint for wooden office furniture. Though demand for wooden furniture is high, supply of wooden furniture is limited to the availability of the wood resource. Wood production is limited to trees available for harvesting. Due to limited production of wood resource, other types of office furniture such as plastic/fiber or glass furniture are expected to capture some share of the wooden office furniture market.

Metal office furniture is expensive as the metallurgical process needed to acquire refined metal is expensive. However, strength and lifespan of metal furniture is much better than other types of office furniture. Metal office furniture segment is expected to expand significantly in the near future.

Plastic and fiber office furniture is lightweight as compared to wooden or metal furniture. It is also on an average, cheaper than wooden or metal furniture. Some type of plastic and fiber material are not sturdy and have a shorter lifespan while some fiber materials are very sturdy and have a longer lifespan. Prices of products in this category vary greatly depending on quality of plastic/fiber material used.

The global office furniture market can be segmented on the basis of furniture type, material type, and geography. On the basis of furniture type, the market can be segmented into seating, storage units, tables, ceiling and others. On the basis of material type, the market can be divided into four segments: wood, metal, plastic/fiber, and others. Others segment includes hybrid and glass furniture.On the basis of geography, the global office furniture market can be segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South America.

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There are large number of office furniture manufacturers in the market. From a small carpenter to a big furniture company, players of all sizes compete with each other in this market. Key players in the global office furniture market include Herman Miller, 9to5 Seating, HNI, AFC Systems Kokuyo, Okamura, Steelcase, Creative Wood, Berco Furniture Solution, and Clarin.

About ResearchMoz

ResearchMoz is the one stop online destination to find and buy market research reports & Industry Analysis. We fulfill all your research needs spanning across industry verticals with our huge collection of market research reports. We provide our services to all sizes of organizations and across all industry verticals and markets. Our Research Coordinators have in-depth knowledge of reports as well as publishers and will assist you in making an informed decision by giving you unbiased and deep insights on which reports will satisfy your needs at the best price.

For More Information Kindly Contact:

ResearchMoz
Mr. Nachiket Ghumare,
Tel: +1-518-621-2074
USA-Canada Toll Free: 866-997-4948
Email: sales@researchmoz.us

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