Growing Demand and Size of Office Furniture Market: Key Drivers and Trends

Exploringthe Future Potential of Office

FurnitureMarket:Size, Share, and Development Analysis

TheGlobalOfficeFurnitureMarketsizeis projectedto growat a CAGRof around 5% duringtheforecastperiod,i.e.,202328. www.marknteladvisors.com

ABOUTUS

WHOAREWE?

• MarkNtelAdvisorsis a leadingresearch,consulting and dataanalyticsfirm that providesa wide rangeof strategicreportson diverseindustryverticalsto a substantial and variedclientbase that includesmultinational corporations, financial institutions, governments,and individuals.

• We specializein nicheindustriesand emerginggeographiesto supportour clientsin the formulationof strategies viz.Go to Market(GTM), ProductDevelopment,feasibility analysis,projectscoping,marketsegmentation,competitivebenchmarking,market sizing & forecasting,trendanalysisetc. in around15 industryverticalsto enableour clientsin identifyingattractiveinvestmentopportunitiesandmaximizing ROIthroughan earlymoveradvantage

GlobalOfficeFurnitureMarketSize,Share,Analysis,TrendsFuture&Forecast2028

 The primaryobjectiveof this study is to equipreaderswith a clearunderstandingof the marketlandscape,includingsegmentation,potentialopportunities,significanttrends,and existingchallenges.The report'sdevelopmentinvolvedextensiveresearchandanalysis, ensuringreadersgain profoundinsightsinto themarketdynamicsand its potential trajectory.

 The study is designed toaid in understandingthe marketandassist in formulating appropriatestrategiesfor businessexpansion.Withinthe strategystudy,a thorough analysisis provided forbothnew entrantsandexistingcompetitorsin theindustryunder examination.This includesinsightsrangingfrom marketingchannelsand market positioningto future growthstrategies. Thestudy continuallymonitorsprevailingmarket dynamics,such as drivingand hinderingforces,in additionto corporateactivitiessuch as mergers,acquisitions,and investments.It encompassesmarketsize (valueand volume), marketshare,growthrate, and employsa blendof qualitative andquantitative methodologiesto provideprojectionsspecific to variouslocationsor nations.

The primaryobjectiveof this study is to equipreaderswith a clearunderstandingof the marketlandscape,includingsegmentation,potentialopportunities,significanttrends,and existingchallenges.The report'sdevelopmentinvolvedextensiveresearchand analysis, ensuringreadersgain profoundinsightsinto themarketdynamicsand its potentialtrajectory.

The study is designed toaid in understandingthe marketand assist in formulating appropriatestrategiesfor businessexpansion.Withinthe strategystudy,a thoroughanalysis is providedfor both newentrantsand existingcompetitorsin the industryunderexamination. Thisincludesinsightsrangingfrom marketingchannelsandmarketpositioningto future growthstrategies. Thestudycontinuallymonitorsprevailingmarketdynamics,such as driving andhinderingforces, in additionto corporateactivitiessuch as mergers,acquisitions,and investments.It encompassesmarketsize (valueand volume),marketshare,growthrate, and employsa blendof qualitative and quantitativemethodologiesto provideprojectionsspecific to variouslocationsor nations.

ProminentMarketSegmentsandKeyPlayers

In this section,a comprehensive examinationof effective marketingstrategies,market contributions,and recentadvancementsis carriedout for prominentcompanieslike AuroraCorporation,FursysInc., GlobalFurniture Group,HNI Corporation,Haworth, HermanMiller,,Haworth,Inc.InabaSeisakushoCo. Ltd.,Itoki Corp., InterIKEA SystemsB.V., KnollInc., KimballInternational,KokuyoCo. Ltd.,OkamuraCorporation,Steelcase Inc.,

UchidaYoko GlobalLtd., UE Furniture Co.,9to5Seating.Variousmethodsand analysesare employedto ensurea detailedand reliableunderstanding ofthe market.The global Office Furniture market isdividedinto distinctsegments,namely:

GlobalOfficeFurnitureMarketSegmentsasFollows:

 By Material(Plastic, Wood, Metal, Glass)

 By Product(Seating(Chairs/Bench/Sofa/Couch),System,Table,Storage& Cabinets)

 By DistributionChannel(Retail, Directto Consumer, E-Commerce)

 By Region(North America,SouthAmerica,Europe,MiddleEast & Africa, Asia-Pacific)

 By Countries(The US, Canada,Mexico,Brazil,The UK, France,Germany,Italy, Spain, The UAE, SaudiArabia,SouthAfrica, China, India,Japan,Australia,SouthKorea),

GlobalOfficeFurnitureIndustryRecentDevelopments:

•In August 2019, leadingplayerKnollacquiredan E-commercecompany, Fully,which offers easy access to high-performancefurniturefor home offices & smallbusinesses.



•The Levi office chair by Itoki Corporationwon the ‘iF DesignAward 2020,’ its fifth worldwidehonor.



•In April 2021, the leaderHermanMillerInc. revealedits plan to purchaseKnoll Inc. in a cash-&-stockdeal, catalyzingthe transformationof homes& offices.

SomeoftheKeyQuestionsAnsweredinthisReport:

 What are the growthprojectionsfor the years2023-2028?

 Which marketfactors will aid in developingclientand businessstrategies?

 What are the criticalmarketopportunitiesfor each segmentenlistedin the research report?

 What are the primarygrowthtacticsused by themajor marketplayers?

WhyYouShouldChooseMarkNtelAdvisorsforYourMarketResearch Needs:

 ValuableInsightsfor InformedDecisions:Our reportsoffer valuableand currentinsights that can be easilyturnedinto actions.Whetheryou'rea companylookingto launcha new ventureor expandprofitably,our reportswill guideyou towardssuccess.

 NumerousBenefits:Our analysisof the GlobalOffice FurnitureMarketprovides a wide rangeof advantages,including market researchinsights,comprehensiveinformation, industryprojections,and data trends.

 In-DepthAnalysis:Our GlobalOffice Furniture Market report goesdeep intovarious industries,expertlyexaminingimportantmarkettrends,consumerbehavior,and competitive landscapes.Stakeholderscan expecta wealthof insightsto shapetheir businessstrategies.

OurSolutions:OfferingFlexibleandScalableSolutionsacross Verticals

Industry&MarketInsights

 Marketsizeestimation

 Go-to-marketstrategies

 Businessplans

 Industry&marketlandscape

 Growthstrategysupport

 Marketentrysupport

ConsumerInsights

 Productconcepttesting

 Consumerbehaviorsurveys

 Brandhealthstudies

 Customersegmentation

 Voiceofcustomersurveys

• CompanyInsights

 Accountprofiles

 Productintelligence

 Competitiveintelligence

 Industry&marketlandscape

 Customercasestudies

 Prospectidentification

 Investorpitchdecks

TradeInsights

 Distributionchannelaudits

 Trademarginanalysis

 In-storevisibilityaudits

 Supplieraudits

 Productmixanalysis

Our360°Approach:CombiningVariousTechniquestoDeliverHolistic Solutions

• SecondaryResearch

• Desktopresearch

• Syndicatedresearch& reports

• Proprietarydatabases

• Industryassociations& tradedata

• PrimaryResearch

• In-depthstakeholder interviews

• Consumersurveys

• Mysterysurveys

• Expertinterviews

• DataInsights

• In-depthstakeholder interviews

• Consumersurveys

• Mysterysurveys

• Expertinterviews

MarkNtelAdvisorsTargetGeographies-FocusAreas

MarkNtelhasstrategicallydefineditstargetareaswhicharebasedonevaluationbyitsanalysts afteranalysingthegrowthpotentialofvariousregions.Fewofthoseparametersinclude:

• Political,Economic,Social,TechnologicalandEnvironmentalAnalysis

• CreditRatingsprovidedbyleadinginstitutions

• GDPprojectionsbybodiessuchastheWorldBank,IMF,OECD,etc.

• MarketDisruptionsandthe“NextBigThings”

Major Target Areas

Low Focus Geographies

ForMoreExploreHere,

 Ask Analyst for Customization and Browse full report with TOC List of Figure: https://www.marknteladvisors.com/query/request-customization/officefurniture-market.html

 Full Market Research Report - https://www.marknteladvisors.com/researchlibrary/office-furniture-market.html

 Request for a sample copy of this report: https://www.marknteladvisors.com/query/request-customization/office-furnituremarket.html