Office Furniture Market

“Global Office Furniture Market - Industry Analysis, Market Size, Share, Trends, Application Analysis, Growth and Forecast, 2022-2027” provides a deep and thorough evaluation of the global office furniture market. Office furniture is specifically designed for corporate and commercial spaces, such as individual workstations, meeting rooms, lounges, and cafeterias. Tables, chairs, file cabinets, sofas, and cubicles are some common office furniture that can be made using glass, wood, plywood, vinyl, steel, and plastic. They can also be customized and correlated with the output of the employees and the work style of an organization while improving the overall aesthetic appearance of the workplace. Moreover, the increasing number of startups and co-working spaces have significantly surged the need for office furniture. Similarly, the rapidly expanding real estate industry and increasing corporate sector have increased the demand for premium and designer furniture across the globe.

The shifting corporate preference towards an eco-friendly, integrated, comfortable, and modern office space have surged the demand for aesthetically pleasing furniture, which represents one of the key factors driving the global market growth. In line with this, large corporates and enterprises are heavily investing in furnishing office spaces to provide employees with a productive and agreeable environment, which is acting as another growth-inducing factor. Additionally, the rapid construction of commercial zones and IT parks have increased the number of corporate offices, which, in turn, is boosting the demand for office furniture. Moreover, companies are focusing on creating informal office spaces to establish better colleague communications, social interaction, and a collaborative environment. This has compelled manufacturers to introduce intelligently designed furniture products, further creating a positive outlook for the market. Additionally, these pieces of furniture are extremely efficient and made from high-quality materials to protect important documents and electronics against pests, dust, theft, and fire. Besides this, rapid technological advancements, increasing demand for smart office furniture embedded with sensors and controllers, availability of customizable options, and the surging need for ergonomic chairs to support the person’s natural posture and reduce lower back strain are supporting the market growth.

Beginning with a global overview, the report explores the dynamics that have a strong influence on the office furniture market and can also impact its future growth. Taking 2021 as the base year, the report covers the historical market scenario from 2016-2021 and provides forecasts till 2027. This includes the study of value and volume trends and pricing history. Growth-inducing factors, market restraints and recent developments have also been analysed in the report in order to provide deeper knowledge about the industry. On a regional basis, the report examines the office furniture market in North America, Europe, Asia-Pacific, Latin America and Middle East & Africa. For each of these regions, the report studies the office furniture market in detail for the latest trends, outlook and opportunities.

The report analyses the competitive structure of the office furniture Industry and provides the profiles of major players operating in the market. The price margins for the products, along with the various success and risk factors for manufacturers, have also been covered in the report. Moreover, in order to determine market attractiveness, the report analyses the office furniture Industry along the parameters of Porter’s Five Forces model. This model examines the degree of competition in the office furniture Industry by analysing the threat posed by new entrants and substitutes and the bargaining power of suppliers and buyers. SWOT analysis of the market has also been presented in the report, which highlights the strengths, weaknesses, opportunities and threats pertaining to the office furniture Industry. Furthermore, the value chain analysis of the office furniture Industry has also been covered in the report. This comprises all the activities in the value chain, such as the procurement of various raw materials, manufacturing, sales and distribution. 

Key Segments and Highlights of the Global Office Furniture Market 

• Historical and current scenario
• Trends and developments
• Impact of COVID-19
• Market forecast
• Price analysis and forecast
• Porter’s five forces analysis
• SWOT analysis
• Value chain analysis
• Market Breakup by Type
• Market Breakup by End-Use
• Market Breakup by Region
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa

• Key players         

The report is a result of exhaustive primary and secondary research undertaken by analysts having years of experience in the office furniture Industry. All the qualitative and quantitative aspects of the industry have been covered and the collected data has been analysed and presented in the form of easily comprehensible charts, graphs and tables.