What is Conference Table Market?
The conference table is the table that conferees sit around while holding a meeting. The conference room is an area wherein a conference can be held and a table is used for the purpose of sitting and discussing all the important decisions for the organization. Executive managers nowadays spend on an average of 80% of their complete working days in the meetings, workshops, seminars, and conferences, 50% of the middle managers and around 20% of the office workers– and this trend is rising continuously. Which makes the customization of the conference room planning all the more important for the organizations. Hence these factors would in turn help in boosting the conference table market near future.
The market study is being classified by Type (Traditional and Customized), by Application (Enterprises, School and Government) and major geographies with country level break-up.
Steelcase (United States), Herman Miller (United States), Wilkhahn (Germany), Haworth (United States), HNI Group (United States), Okamura Corporation (Japan), Kimball Office (United States), Quadra AV Furniture (United Kingdom), AURORA (Canada), Amardeep Designs India Pvt Ltd (India) and Stebul Furniture Ltd. (United Kingdom) are some of the key players profiled in the study. Additionally, the Vendors which are also part of the research are Verco Office Furniture Limited (United Kingdom) and Polo Furniture (India).
The companies are now exploring the market by adopting mergers & acquisitions, expansions, investments, new developments in existing products and collaborations as their preferred strategies. The players are also exploring new geographies and industries through expansions and acquisitions so as to avail a competitive advantage through combined synergies. Research Analyst at AMA predicts that United States Vendors will contribute to the maximum growth of Global Conference Table market throughout the predicted period.
Segment Analysis
Analyst at AMA have segmented the market study of Global Conference Table market by Type, Application and Region.
On the basis of geography, the market of Conference Table has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Drivers
- Changing Lifestyle Standard Fueled by the Rise in Disposable Income
- Growing Popularity of Workplace Decorating Products
- Growing Number of Corporate Offices and Schools Across Different Regions
Market Trend
- Growing Demand for Eco-friendly Furniture Materials
- Focus on Indoor and Outdoor Mingle of Furniture Items
- Rising Demand for Premium and Luxury Furniture from Corporates
Restraints
- Fluctuating Raw Material Prices
- Designing Premium Yet Affordable Conference Tables
Opportunities
- Increasing Application in Large Corporate and Governmental Meetings
- Growing Demand from the Developing Economies
- Replacement of Existing Bar Tables with Brand New and Innovative Table Products
Challenges
- The Dominance of Local Manufacturers
- Availability of Substitute Products
Key Target Audience
Conference Table Manufacturers, Conference Table Distributors and Suppliers, End-Users, Potential Investors, Market Research Firms and Others