About Executive Chair
An executive chair is a type of chair designed for use at a desk in an office. It is usually a swivel chair with a set of wheels for mobility and height-adjustable. Modern office chairs typically use a single, distinctive supporting leg (often referred to as a gas lift) positioned under the chair seat. Near the ground, this leg spreads into several smaller feet, which are often equipped with wheels and are called rollers. Office chairs were developed around the mid-19th century when more workers sat their shifts at a desk, which resulted in some features being adopted that were not found in other chairs. Executive or backrest chairs offer full back and head support. Many executive armchairs are designed to sit eight or more hours straight. These are usually the most expensive office chairs.
Attributes | Details |
---|
Study Period | 2018-2030 |
Base Year | 2023 |
Unit | Value (USD Million) |
CAGR | 5.4% |
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. Analyst at AMA Research estimates that Asia Pacific Manufacturers will contribute the maximum growth to Global Executive Chair 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.
CHUENG SHINE (Taiwan), Lifeform Furniture Manufacturing (Canada), AIS (United States), Elite Office Furniture (United Kingdom), JSJ Furniture Corporation (United States), Foshan Long Ma Office Furniture (China), PSI Seating (United Kingdom) and ITOKI (Japan) are some of the key players that are part of study coverage.
Segmentation Overview
AMA Research has segmented the market of Global Executive Chair market by Type (High Back Chair, Sleek Chair and Other), Application (Hotel and Office building) and Region.
On the basis of geography, the market of Executive Chair 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). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Executive Chair market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Size, the sub-segment i.e. Standard will boost the Executive Chair market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth. If we see Market by Material Type, the sub-segment i.e. Stainless Steel will boost the Executive Chair market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Introduction of Multi-Functional Furniture which can be used for Other Purposes
Market Growth Drivers:
Increase in Number of Startups is Fueling the Market Growth, Shrinking Workspace Coupled With The Evolving Consumer Demands and Increasing Number Of Startups Especially Information Technology Sector Worldwide
Challenges:
Long Replacement Cycle May Hamper the Market
Restraints:
Fluctuations in Prices of Raw Material
Opportunities:
Growing Demand for Seating Furniture in Commercial Offices and Rapid Industrialization and Economic Development in Emerging Countries
Market Leaders and their expansionary development strategies
On October 26, 2023, Steelcase, a leading office furniture manufacturer, announced its acquisition of Humanscale, a company known for its ergonomic chairs and design focus. This merger is expected to strengthen Steelcase's presence in the high-end ergonomic chair market.
On September 14, 2023, Herman Miller, a high-end office furniture company, partnered with Logitech, a leading computer peripherals manufacturer, to develop a line of ergonomic chairs with integrated technology features like adjustable lumbar support and posture tracking.
Key Target Audience
Manufacturers of Executive Chair, Suppliers and Distributors of Executive Chair, End-Users, Potential Investors, Market Research Firms and Others
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.