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Technavio’s market research analyst predicts the recycled office furniture market in the US to grow at a CAGR of more than 5% by 2020. Owing to the growing concerns about environment protection, several offices in the US are demanding recycled and green office furniture. Such requirements have pushed the furniture manufacturers to use eco-friendly materials for their products to increase their sustainability. The Business and Institutional Furniture Manufacturers Association (BIFMA), a non-profit trade association of business and institutional furniture manufacturers, has established regulations and guidelines to help office furniture manufacturers and suppliers to ensure that their business practices promote environmental equilibrium, health, and human wellbeing. The growing benefits of eco-friendly office furniture will boost the growth prospects for the recycled office furniture market during the forecast period.
Several vendors in the market are focusing on developing flame repellent furniture from recycled material. Recently, Mexico’s Center for Applied Innovation in Competitive Technologies (CIATEC) developed materials from recycled polyolefins that have flame retardant characteristics and can be applied to routine items such as office furniture and beams. Another product innovation in the office furniture sector is the wood plastic composite. It is an eco-friendly board made from wood fiber and recycled plastic. It is waterproof, fireproof, non-toxic, non-odorous, and recyclable.
Competition in the market is expected to intensify during the forecast period with an increase in product and service extensions such as furniture installation and extended warranties, and improvements such as portable workstations and multifunctional office furniture. To gain a competitive edge over their peers, several vendors are using online media to enhance their reach and overall value for customers, which include corporate businesses, small business owners, and home office furniture buyers. Some players are also implementing direct marketing mechanism through catalogs. Increased advertising budgets, strong relationships with the distributors, and rising direct sales opportunities will also improve the sales of recycled office furniture in the US during the forecast period.
Leading vendors in the market are -
Other prominent vendors in the recycled office furniture market in the US include 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, Teknion, and Tri-State Office Furniture.
During 2015, the seating segment dominated the recycled office furniture market in the US and accounted for more than 30% of the total market revenue. The rising number of businesses and the subsequent growth in office spaces and rise in the number of employees in the US are impelling the growth of this segment. Several product innovations in seating such as deeper, wider, bariatric, and programmable ergonomic seating, which enhances the comfort for employees are significantly contributing to this segment’s growth. One of the most popular trends gaining grounds in office seating segment is lounge seating.
The market is witnessing increased demand for customized and made-to-order furniture from recycled materials. Several companies like Contact Furnishings, RecycledBrooklyn, Business Furniture of Long Island, and Davies Office are offering high-quality office furniture that is remanufactured and refurbished from recycled materials such as industrial materials and old wood. Owing to the growing need to combine design with functionality and sustainability have prompted offices to opt for customized recycled furniture.
This report provides a number of factors contributing to the adoption, limitations, and opportunities of the recycled office furniture market in the US. It also offers an analysis of each factor and an estimation of the extent to which the factors are likely to impact the overall market growth.
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PART 01: Executive summary
PART 02: Scope of the report
PART 03: Market research methodology
PART 04: Introduction
PART 05: Country overview
PART 06: Market landscape
PART 07: Market segmentation by product
PART 08: Market drivers
PART 09: Impact of drivers
PART 10: Market challenges
PART 11: Impact of drivers and challenges
PART 12: Market trends
PART 13: Competitor landscape
PART 14: Key vendor analysis
PART 15: Explore Technavio
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