Global Office Furniture Market Growth 2019-2024
SKU ID : LPI-13855120 | Publishing Date : 13-Feb-2019 | No. of pages : 178
Overall, the Office Furniture products performance is positive with the global economic recovery.
The technical barriers of Office Furniture are relatively low, and the Office Furniture market concentration degree is dispersed. The manufacturing bases scatter around the world; the key companies in Office Furniture market include Steelcase, Herman Miller, Haworth, HNI Corporation, Okamura Corporation, Global Group, KI, Teknion, Knoll, Kinnarps Holding, and others.
Favorable government policies and rising foreign direct investments have increased the number of MNCs in the country and also boosted the entry of foreign players. This has led to a rise in the number of offices as well as the demand for Office Furniture worldwide. Also, the growing number of companies in the technology, media, telecom, retail, financial, and transport sectors in 2014 has increased the demand of Office Furniture. Therefore, the growing demand for office space will be favorable for the growth of the Office Furniture market.
As the demand increases rapidly for downstream industries, the demand for Office Furniture will correspondingly increase. The increased consumption of Office Furniture is expected to continue during the remaining years of the forecast period of 2016-2021. Office Furniture industry will usher in a stable growth space.
In the past few years, the raw material prices were relatively stable, and expected that the Office Furniture raw material price will be stable in the short term. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of Office Furniture. Therefore, to some extent, the companies face the risk of profit decline.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition in Office Furniture market will become more intense.
According to this study, over the next five years the Office Furniture market will register a 4.7% CAGR in terms of revenue, the global market size will reach US$ 94200 million by 2024, from US$ 71500 million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Office Furniture business, shared in Chapter 3.
This report presents a comprehensive overview, market shares, and growth opportunities of Office Furniture market by product type, application, key manufacturers and key regions and countries.
This study considers the Office Furniture value and volume generated from the sales of the following segments:
Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Middle East & Africa
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
Groupe Clestra Hausermann
Lienhard Office Group
Scandinavian Business Seating
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
To study and analyze the global Office Furniture consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Office Furniture market by identifying its various subsegments.
Focuses on the key global Office Furniture manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Office Furniture with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Office Furniture submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.
Frequently Asked Questions
- By product type
- By End User/Applications
- By Technology
- By Region