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Global Office Furniture Market 2017-2021

Global Office Furniture Market 2017-2021

About Office Furniture

Office furniture consists of specific furniture designed for office applications such as individual workstations, meetings, lounges, and cafeterias. Wood, steel, plastic, glass, and other materials are used in manufacturing office furniture. The major factors that aid in the growth of the global furniture market are increasing population, high global penetration of organized retail, and rapidly growing real estate industry across the globe. The growth in the market is expected to be driven by a growing demand for premium, ready-to-assemble, eco-friendly, and designer furniture.

Technavio’s analysts forecast the global office furniture market to grow at a CAGR of 3.71% during the period 2017-2021.

Covered in this report

The report covers the present scenario and the growth prospects of the global office furniture market for 2017-2021. To calculate the market size, the report considers the new installations value market.

The market is divided into the following segments based on geography:

  • Americas
  • APAC
  • EMEA
Technavio's report, Global Office Furniture Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

Key vendors
  • Herman Miller
  • HNI
  • KOKUYO
  • Okamura
  • Steelcase
Other prominent vendors
  • 9to5 Seating
  • AFC SYSTEMS
  • BERCO DESIGNS
  • Clarin
  • Creative Wood
  • Global Upholstery Solutions
  • Godrej & Boyce
  • KI
  • Kimball International
  • Kinnarps
  • Knoll
  • Meridian Office Group
  • Sedus
  • Teknion
  • Wipro Furniture Business
Market driver
  • Growing demand for modern, luxury furniture
  • For a full, detailed list, view our report
Market challenge
  • High transportation cost and freight loss
  • For a full, detailed list, view our report
Market trend
  • Developing innovative and cost-effective products
  • For a full, detailed list, view our report
Key questions answered in this report
  • What will the market size be in 2021 and what will the growth rate be?
  • What are the key market trends?
  • What is driving this market?
  • What are the challenges to market growth?
  • Who are the key vendors in this market space?


Press Release

Technavio Announces the Publication of its Research Report – Global Office Furniture Market 2017-2021

Technavio recognizes the following companies as the key players in the global office furniture market: Herman Miller, HNI, KOKUYO, Okamura, and Steelcase

Other Prominent Vendors in the market are: 9to5 Seating, AFC SYSTEMS, BERCO DESIGNS, Clarin, Creative Wood, Global Upholstery Solutions, Godrej & Boyce, KI, Kimball International, Kinnarps, Knoll, Meridian Office Group, Sedus, Teknion, and Wipro Furniture Business.

Commenting on the report, an analyst from Technavio’s team said: “The latest trend gaining momentum in the market is Developing innovative and cost-effective products. The manufacturers in the global office furniture market are focused on developing innovative and cost-effective products. For instance, HNI provides innovative and differentiated end-user solutions targeting specific end-user industries. Wilkhahn, a German office furniture brand, launched the IN chair; the chair helps users to simulate core body muscles and encourage regular motion during work hours.”

According to the report, one of the major drivers for this market is Growing demand for modern, luxury furniture. An expanding global economy and increased focus on work-space aesthetics have fueled the demand for luxury furniture across the globe. The global market for modern, luxury furniture is expected to grow at a CAGR of around 5% during the forecast period. Geographically, Europe accounts for the largest market share of luxury furniture. Developing countries such as China and India are expected to grow at fast rates due to their expanding economies and growing number of technology parks. The advent of modern healthcare systems across the globe (especially in developing regions such as APAC) has further fueled the market for luxury office furniture. A global increase in the number of theme-based food service joints, hotels, and restaurants has boosted the demand for luxury furniture in the foodservice industry. The growth in the global lodging industry is further fueling the growth of the global luxury furniture market.

Further, the report states that one of the major factors hindering the growth of this market is High transportation cost and freight loss. The supply chain of the global office furniture market includes the procurement of raw materials from suppliers, production of furniture, storage of furniture in warehouses, and inventory management. Fluctuating transportation costs across the globe affect manufacturers as the transportation of furniture and related products forms a major part of the supply chain for office furniture. Transportation costs are involved in the supply of raw materials to factories, the supply of intermediary goods to production sites, transportation of end products to warehouses, and delivery of finished goods to end-users. Transportation costs incurred by companies include taxes, duties, and fuel prices.

Companies Mentioned

Herman Miller, HNI, KOKUYO, Okamura, Steelcase, 9to5 Seating, AFC SYSTEMS, BERCO DESIGNS, Clarin, Creative Wood, Global Upholstery Solutions, Godrej & Boyce, KI, Kimball International, Kinnarps, Knoll, Meridian Office Group, Sedus, Teknion, and Wipro Furniture Business.

  • Executive summary
  • Scope of the report
  • Research methodology
  • Introduction
    • Global furniture market
      • Table Global furniture market 2016-2021 ($ billions)
  • Market landscape
    • Global office furniture market
      • Table Global office furniture market: Segmentation
      • Table Global office furniture market 2016-2021 ($ billions)
    • Five forces analysis
      • Table Five forces analysis
  • Market segmentation by distribution channel
    • Global office furniture market by distribution channel
      • Table Global office furniture market by distribution channel 2016 (% share of revenue)
      • Table Global office furniture market by distribution channel 2021 (% share of revenue)
    • Global office furniture market by offline distribution channel
      • Table Global office furniture market by offline distribution channel 2016 (% share of revenue)
      • Table Global office furniture market by offline distribution channel 2021 (% share of revenue)
      • Table Global office furniture market segmentation by distribution 2016 and 2021 ($ billions)
    • Global office furniture market by online distribution channel
  • Market segmentation by product
    • Global office furniture market by product
      • Table Global office furniture market segmentation by product
      • Table Global office furniture market segmentation by product 2016
      • Table Global office furniture market segmentation by product 2021
      • Table Global office furniture seating market 2016-2021 ($ billions)
      • Table Global office furniture systems market 2016-2021 ($ billions)
      • Table Global office furniture tables market 2016-2021 ($ billions)
      • Table Global office furniture storage units and files market 2016-2021 ($ billions)
      • Table Global office furniture overhead bins market 2016-2021 ($ billions)
  • Market segmentation by end-user
    • Global office furniture market segmentation by end-user
      • Table Global office furniture market segmentation by end-user 2016
      • Table Global office furniture market segmentation by end user 2021
      • Table Global office furniture market segmentation by end-user 2016-2021 (%)
      • Table Global commercial office furniture market 2016-2021 ($ billions)
      • Table Global home office furniture market 2016-2021 ($ billions)
  • Regional landscape
    • Geographical segmentation
      • Table Global - Market share by geography 2017-2022 (%)
    • Regional comparison
      • Table Regional comparison
    • Americas - market size & forecast
      • Table Americas - market size & forecast 2016-2021 ($ billions)
      • Table Americas - Year-over-year growth 2017-2021
      • Table Top 3 countries in Americas
    • EMEA - market size & forecast
      • Table EMEA - market size & forecast 2016-2021 ($ billions)
      • Table EMEA - Year-over-year growth 2017-2021
      • Table Top 3 countries in EMEA
    • APAC - market size & forecast
      • Table APAC - market size & forecast 2016-2021 ($ billions)
      • Table APAC - Year-over-year growth 2017-2021
      • Table Top 3 countries in APAC
    • Key leading countries
      • Table Key leading countries
    • Market opportunity
  • Decision framework
  • Drivers and challenges
    • Market drivers
      • Table Total unemployment rate (% of total labor force) 2011-2016: Philippines and India
      • Table Foreign direct investment, net inflows ($ billions) 2010-2015: India
      • Table Foreign direct investment, net inflows ($ billions) 2011-2016: Philippines
      • Table Start-up landscape of top cities 2016 (Global Average is 83)
      • Table Number of international schools across the globe in 2016
    • Market challenges
      • Table Fuel price per barrel 2011-2016: OPEC countries
  • Market trends
    • Developing innovative and cost-effective products
    • Increasing demand for ready-to-assemble furniture
    • Increasing popularity of online furniture stores
      • Table Individuals using internet (% of global population) 2010-2015
    • Increasing preference for multifunctional furniture
    • Increasing consumer preference for customized furniture
  • Vendor landscape
    • Competitive scenario
      • Table Vendors: Benchmarking on product offerings and geographical presence
  • Key vendor analysis
    • Herman Miller
      • Table Herman Miller: Revenue share by geography 2016 (% share)
      • Table Herman Miller: Business segmentation 2016
      • Table Herman Miller: Revenue share by business segment 2016 (% share)
      • Table Herman Miller: Revenue share by product segment 2016 (% share)
    • HNI
      • Table HNI: Business segmentation 2016
      • Table HNI: Revenue share by business segment 2016 (% share)
      • Table HNI: Revenue share by product segment 2016 (% share)
    • KOKUYO
      • Table KOKUYO: Business segmentation 2016
      • Table KOKUYO: Revenue share by Business segment 2016 (% share)
    • Okamura
      • Table Okamura: Business segmentation 2016
      • Table Okamura: Revenue share by Business segment 2016 (% share)
    • Steelcase
      • Table Steelcase: Revenue share by geography 2016 (% share)
      • Table Steelcase: Business segmentation 2016
      • Table Steelcase: Revenue share by product segment 2016 (% share)
    • Other prominent vendors
      • Table Global office furniture market: Other prominent vendors
  • Appendix
    • List of abbreviations
  • Explore Technavio

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