Global Office Furniture Market was valued at USD 74,428.57 Million in 2019 and is projected to reach USD 96,642.94 Million by 2027, growing at a CAGR of 3.1% during the forecast period. forecast.
the office furniture market The report provides insightful data on the Office Furniture industry, identifies major challenges, opportunities and joint actions taken at local, regional level and shares other crucial market information to market players. The global office furniture market was valued at US$74,428.57 million in 2019, and should reach US$96,642.94 million by 2027, growing at a CAGR of 3.1% over the forecast period. Office furniture is becoming increasingly important these days with the continuous expansion of the business environment in developing and underdeveloped countries across the world. Rising number of makeover and modification projects in emerging economies such as Japan, China, and India is fueling the growth of the market.
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Emerging economies such as India are experiencing industrialization and economic development leading to infrastructure transformation. For example, according to the World Bank Group, per capita income in Asia-Pacific was $10,368 in 2017, which increased by 3.85% from 2016. Office buildings are considered assets properties, as they offer opportunities for income and growth. Moreover, the growth of the private sector leads to the increase in office infrastructure for micro, small and medium enterprises (MSMEs). Moreover, with a focus on building new offices, companies are also focusing on modifying and renovating existing offices. The renovation of offices requires investments in new office furniture.
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Key Players Operating in the Global Office Furniture Market:
Knoll Inc., LLC., HNI Corporation, Herman Miller, Inc., Teknion Corporation, Kimball International Inc., Berco Designs, Kokuyo Co., Ltd., Haworth Inc., Okamura Corporation and Steelcase Inc.
– North America (United States, Canada, Mexico) – Europe (UK, France, Germany, Spain, Italy, Central and Eastern Europe, CIS) – Asia Pacific (China, Japan, South Korea, ASEAN, India, Rest of Asia Pacific) – Latin America (Brazil, Rest of LA) – Middle East and Africa (Turkey, GCC, Rest of Middle East)
By type of material: Metal, wood, plastic and others
By product type: Storage units, seats, desks and tables, workstations and accessories
By price range: Premium, Economy and Medium
Per end user: Corporate offices, government offices and others
By distribution channel: Online and offline
Office Furniture Market Research Report Offers:
Market definition of the office furniture market along with the analysis of different influencing factors such as drivers, restraints, and opportunities.
In-depth research on the office furniture competitive landscape.
Identification and analysis of micro and macro factors that have and will have an effect on market growth.
A comprehensive list of major market players operating in the Office Furniture Market.
Analysis of various market segments such as type, size, applications and end users.
It offers a descriptive analysis of the demand-supply chain in the Office Furniture market.
Statistical analysis of some significant economic facts
Figures, tables, graphs, images to clearly describe the market.
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Office furniture market research report
Chapter 1 Office Furniture Market Overview
Chapter 2 Global Economic Impact on Industry
Chapter 3 Global Market Competition by Manufacturers
Chapter 4 Global Production, Revenue (Value) by Region
Chapter 5 Global Supply (Production), Consumption, Export, Import by Regions
Chapter 6 Global Production, Revenue (Value), Price Trend by Type
Chapter 7 Global Market Analysis by Application
Chapter 8 Manufacturing Cost Analysis
Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers
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