About Recycled Office Furniture
Recycled office furniture refers to used office furniture that has been diverted out of the solid waste stream for reuse after refurbishing and repair or replacement of parts. Large enterprises spend a considerable amount of money on office interiors, from the lighting to the furniture used, to create an employee-friendly work environment. This inevitably leads to increased demand for office furniture. A few examples of such offices are Google, Selgas Cano, Red Bull, and Facebook. Apart from this, many employees use the internet to engage in home-based commercial activities and office work.
Technavio’s analysts forecast the recycled office furniture market in the US to grow at a CAGR of 6.57% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the recycled office furniture market in the US for 2016-2020. To calculate the market size, the report considers revenue generated from the sales of recycled office furniture.
The market is divided into the following segments based on products:
Technavio Announces the Publication of its Research Report – Recycled Office Furniture Market in the US 2016-2020
Technavio recognizes the following companies as the key players in the recycled office furniture market in the US: Atlanta Office Liquidators, Envirotech Office Systems, Office Liquidators, PVI Office Furniture, and Recycled Office Environments.
Other Prominent Vendors in the market are: 9to5 Seating, BCinteriors, Berco Furniture Solutions, Clarin, Columbia Office Furniture, Conklin, Creative Wood, Meridian Office Group, Office Furniture Warehouse, Office Furniture World, Quality Used Office Furniture, Tri-State Office Furniture, and Teknion.
Commenting on the report, an analyst from Technavio’s team said: “Rise in demand for fireproof office furniture will be a key trend for market growth. A growing number of vendors are manufacturing flame repellent furniture from recycled material. The Center for Applied Innovation in Competitive Technologies (CIATEC) in Mexico recently developed materials from recycled polyolefins that have flame retardant properties and can be used in everyday items such as office furniture and beams. Wood plastic composite is another innovation in the office furniture sector. It is an eco-friendly board made from wood fiber and recycled plastic. The product is similar to wood and is waterproof, fireproof, non-toxic, non-odorous, and can be recycled again.”
According to the report, one of the key drivers for market growth will be rise in number of offices in the US. The rise in the number of office buildings and technology parks in the US has enhanced the sales of office furniture in the past few years. With multinational companies (MNCs) expanding their businesses into new cities and countries, and with the rise in the number of employees, office spaces across the country are also expanding. This is expected to lead to increased demand for recycled office furniture over the next five years.
Further, the report states that one of the challenges for the market will be long product replacement cycle. Although the latest interior design trends have a significant part to play in the purchase decisions of customers, most furniture is meant for long-term use and generally does not require frequent replacement. Also, office furniture products are large-scale orders and expensive, and are therefore considered to be long-term expenditures by consumers. In addition, most branded furniture and furnishing products are durable and of superior quality. Consumers only need to incur maintenance and cleaning costs for these over the years, which are usually minimal. Most recycled office furniture covers a 12-year warranty period. This reduces the need for frequent purchase of furniture, which is a major growth barrier in the market.
Atlanta Office Liquidators, Envirotech Office Systems, Office Liquidators, PVI Office Furniture, Recycled Office Environments, 9to5 Seating, BCinteriors, Berco Furniture Solutions, Clarin, Columbia Office Furniture, Conklin, Creative Wood, Meridian Office Group, Office Furniture Warehouse, Office Furniture World, Quality Used Office Furniture, Tri-State Office Furniture, Teknion.
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