About Office Furniture
Office furniture market comprises companies that are involved in manufacturing and distribution of office furniture and store fixtures. Office furniture manufacturers will design according to workspace requirements such as reception area, meeting room, cabinets, bookcase and boardroom. The demand for the office furniture is majorly dependent on the overall economic standing, business developments and expansions, employment rates, or companies need to replace or update the office furniture.
Attributes | Details |
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Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
Players focus on providing customized solutions to customers in order to remain competitive. Office furniture market seeing more number of niche players coming up rather than traditional players. To provide the best services to the customers, companies are spending more on marketing Intelligent Designs Office Furniture based solutions. Key Vendors Operating In the Global Market Are Also Acquiring Start-Ups. Analyst at AMA Research estimates that Germany Manufacturers will contribute the maximum growth to Global Office Furniture market throughout the forecasted period. Established and emerging Manufacturers should take a closer view at their existing organizations and reinvent traditional business and operating models to adapt to the future.
Narbutas (Lithuania), Kinnarps (Sweden), Steel case (Netherlands), Vitra AG (Switzerland), Nowy Styl Group (Poland), Royal Ahrend (The Netherlands), Haworth Inc. (United States), USM Modular Furniture (Switzerland), Sedus Stoll AG (Germany), Konig + Neurath (Germany), Flokk (Norway), Interstuhl (Germany), Lista Office Group (Switzerland), Bene Office Furniture GmbH (Austria) and Dauphin Human Design (Germany) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research coverage are AFC System (India), European Office Log (France) and Neudoerfler Office Systems (Austria).
Segmentation Overview
AMA Research has segmented the market of Global Office Furniture market by Type (Seating, Modular Furniture, Desks & Tables and Other Office Furniture), Application (Commercial Office Furniture and Home Office Furniture) and Region.
On the basis of geography, the market of Office Furniture 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). Narbutas, Kinnarp, Steel case region held largest market share in the year 2023. If we see Market by Distribution Channel, the sub-segment i.e. Online Stores will boost the Office Furniture market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Integration of Smart Devices to Create Smart Furniture, Shared Office Space Furniture, Open Plan Desking, Using Geometric and Abstract Patterns and Adding Green to Work
Market Growth Drivers:
Emergence of Online Furniture Stores, Increasing Adoption of Convertible Workstations, Surge in the Number of Start-Ups and Rising Service Industry across the Globes
Challenges:
Skilled Labor Shortage, Increasing Costs, Fluctuating Customer Demand and Supply Chain Visibility and Efficiency
Opportunities:
Commercial and Office Space Segment Has Witnessed Rapid Growth In Line With the Growth in the Emerging Economies Such As India and Subsequent Demand for Office Space
Market Leaders and their expansionary development strategies
In Jan 2019, Nowy Styl Group announced to acquire Kusch+Co to expand their offering and market penetration. And Kusch+Co intended to expansion of the company’s range of operations.
In May 2019, Indiana Furniture and Edge Design announced its partnership to design and manufacturing of ergonomic, task, and upholstered seating. Through this partnership company provide seating solutions which flex the design and function of working spaces.
Key Target Audience
Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Office Furniture Manufacturers, Suppliers and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations and End-Use Industries
About Approach
To evaluate and validate the market size various sources including primary and secondary analysis is utilized. AMA Research follows regulatory standards such as NAICS/SIC/ICB/TRCB, to have a better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with the purpose to understand the companies positioning regarding the market value, volume, and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply a number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders, etc., and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, the analyst team keeps preparing a set of questionnaires, and after getting the appointee list; the target audience is then tapped and segregated with various mediums and channels that are feasible for making connections that including email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey, etc.