India Premium Office Furniture Market Overview:
Premium office furniture is high-quality office furniture that is specifically designed to be aesthetically pleasing and comfortable and functional workspace. This type of furniture is more expensive as compared to traditional furniture as it is made with high-quality materials. Increasing demand for ergonomic furniture among office workplaces as it helps to reduce strain and fatigue. Further, the increasing disposable income of Indians and the new norm of remote working is expected to increase the demand for premium office furniture for home office applications.
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | -2028 |
Historical Period | 2018-2022 |
Unit | Value (USD Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
Influencing Trend:
Growing Popularity of Office Furniture Made With Sustainable Material and Increasing Focus on Creating Innovative and Functional Furniture Design
Market Growth Drivers:
Rising Disposable Income and Growing Emphasizes on Brand Differentiation and Increasing Investment by Offices in Premium Office Furniture to Create a Modern and Stylish Workspace
Challenges:
Competition From Imported Premium Office Furniture is Likely to Hinder the Growth and High Fragmentation of Market Due to Availability of a Large Number of Small & medium As Well As Large Manufacturers in Indian Market
Restraints:
Volatility in Raw Material Prices is the Hurdle For the Premium Office Furniture Market That May Led to Increase Price
Opportunities:
Increasing Number of Coworking Spaces in India May Create Opportunities for Flexible Premium Office Furniture Market
Competitive Landscape:
The key players are targeting the innovations of the Solutions with better quality, and better technical characteristics, and also assist in providing and humanizing the after-sale service to the consumers. The key players are probable to keep a stronghold on the market over the anticipated period. The key players are accepting strategic decisions and are thinking about mergers and acquisitions in order to maintain their presence in the market.
Some of the key players profiled in the report are Godrej Interio (India), HNI Corporation (United States), Inter IKEA Systems B.V. (Netherlands), Durian Industries Ltd. (India), Zuari Furniture (India), Evok (India), Urban Ladder (India), Royal Oak (India), Boss's Cabin (India), Nilkamal Furniture (India) and Wipro Furniture (India). Analyst at AMA Research see Indian Manufacturers to retain maximum share of India Premium Office Furniture market by 2028. Considering Market by Category, the sub-segment i.e. Standard will boost the Premium Office Furniture market. Considering Market by Sales Channel, the sub-segment i.e. Online will boost the Premium Office Furniture market. Considering Market by Material Type, the sub-segment i.e. Wooden will boost the Premium Office Furniture market.
What Can be Explored with the Premium Office Furniture Market Study
Gain Market Understanding
Identify Growth Opportunities
Analyze and Measure the India Premium Office Furniture Market by Identifying Investment across various Industry Verticals
Understand the Trends that will drive Future Changes in Premium Office Furniture
Understand the Competitive Scenario
- Track Right Markets
- Identify the Right Verticals
Research Methodology:
The top-down and bottom-up approaches are used to estimate and validate the size of the India Premium Office Furniture market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Premium Office Furniture market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Premium Office Furniture Manufacturers, Furniture Vendors, Raw Material Manufacturers, Suppliers & Distributors, Venture Capitalists and Private Equity Firms and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.