Office Furniture Market by Product, End-user, Distribution Channel, and Geography - Forecast and Analysis 2020-2024

  • Published: May 2020
  • Pages: 120
  • SKU: IRTNTR40968
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The office furniture market size will grow up to USD 22.67 billion at a CAGR of 6% during 2020-2024.

This office furniture market analysis report entails exhaustive statistical qualitative and quantitative data on product (seating, systems, tables, storage units and files, and overhead bins), geography (APAC, North America, Europe, and South America), end-user (commercial office furniture and home office furniture), and distribution channel (offline and online) and their contribution to the target market. View our sample report to gather market insights on the segmentations. Furthermore, with the latest key findings on the post COVID-19 impact on the market, available in this report, you can create successful business strategies to generate new sales opportunities.

What will the Office Furniture Market Size be in 2020?

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Office Furniture Market: Key Drivers and Trends

Based on our research output, there has been a negative impact on the market growth during and post COVID-19 era. The demand for modern and luxury furniture is notably driving the office furniture market growth. To unlock information on the key market drivers and the COVID-19 pandemic impact on the office furniture market get your FREE report sample now.

This office furniture market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. Get detailed insights on the trends and challenges, which will help companies evaluate and develop growth strategies.

Who are the Major Office Furniture Market Vendors?

The office furniture market forecast report provides insights on complete key vendor profiles and their business strategies to reimage themselves. The profiles covered in the report are as follows:

 

  • Haworth Inc.
  • Herman Miller Inc.
  • HNI Corp.
  • Hooker Furniture
  • Inter IKEA Holding BV
  • Kimball International Inc.
  • Knoll Inc.
  • KOKUYO Co. Ltd.
  • OKAMURA Corp.
  • Steelcase Inc.

 

The office furniture market analysis report contains exhaustive actionable insights on the organic and inorganic growth strategies deployed by the vendors. The office furniture market is fragmented and is expected to provide favorable growth enviroment to new and existing players in the coming years. Click here to uncover details of successful business strategies adopted by the vendors.

Furthermore, our research experts have outlined the magnitude of the economic impact on each segment and recovery expectations post pandemic. To recover from post COVID-19 impact, market vendors should create strategies to grab business opportunities from the fast-growing segments, while refining their scope of growth in the slow-growing ones.

The key vendor profiles include information on their production, sustainability, and growth prospects. Download a free sample of the office furniture market forecast report for insights on complete key vendor profiles.

Which are the Key Regions for Office Furniture Market?

Office-Furniture-Market-Market-Share-by-Region-2019-2024

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US, China, and Japan are the key markets for office furniture market in APAC. Learn about the key, emerging, and untapped markets from our office furniture market size, share, & trends analysis report for targeting your business efforts toward promising growth regions. 46% of the market’s growth will originate from APAC during the forecast period.

APAC has been recording significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. To garner further competitive intelligence and regional opportunities in store for vendors, view our sample report.

What are the Revenue-generating Product Segments in the Office Furniture Market?

Office-Furniture-Market-Market-Share-by-Product-2019-2024

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The office furniture market share growth by the seating segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2020-2024 and embrace technologies to improve business efficiency.

This report provides an accurate prediction of the contribution of all the segments to the growth of the office furniture market size. Request for a free sample of the report to get an exclusive glimpse of actionable market insights on post COVID-19 impact on each segment.

 

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What are the Key Factors Covered in this Office Furniture Market Report?

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will drive office furniture market growth during the next five years
  • Precise estimation of the office furniture market size and its contribution to the parent market
  • Accurate predictions on upcoming trends and changes in consumer behavior
  • The growth of the office furniture market across APAC, North America, Europe, and South America 
  • A thorough analysis of the market’s competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of office furniture market vendors

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Office Furniture Market Scope

Report Coverage

Details

Page number

120

Base year

2019

Forecast period

2020-2024

Growth momentum & CAGR

Accelerate at a CAGR of 6%

Market growth 2020-2024

USD 22.67 billion

Market structure

Fragmented

YoY growth (%)

5.52

Regional analysis

APAC, North America, Europe, and South America

Performing market contribution

APAC at 46%

Key consumer countries

US, China, Japan, and Germany

Competitive landscape

Leading companies, competitive strategies, consumer engagement scope

Companies profiled

Haworth Inc., Herman Miller Inc., HNI Corp., Hooker Furniture, Inter IKEA Holding BV, Kimball International Inc., Knoll Inc., KOKUYO Co. Ltd., OKAMURA Corp., and Steelcase Inc.

Market Dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for forecast period,

Customization purview

If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

TechnavioINFORMATION SOURCES

Primary sources

  • Manufacturers and suppliers
  • Channel partners
  • Industry experts
  • Strategic decision makers

Secondary sources

  • Industry journals and periodicals
  • Government data
  • Financial reports of key industry players
  • Historical data
  • Press releases
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TechnavioDATA ANALYSIS

Data Synthesis

  • Collation of data
  • Estimation of key figures
  • Analysis of derived insights

Data Validation

  • Triangulation with data models
  • Reference against proprietary databases
  • Corroboration with industry experts
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TechnavioREPORT WRITING

Qualitative

  • Market drivers
  • Market challenges
  • Market trends
  • Five forces analysis

Quantitative

  • Market size and forecast
  • Market segmentation
  • Geographical insights
  • Competitive landscape
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The office furniture market growth will increase by $23.82 billion during 2019-2024.
The office furniture market is expected to grow at a CAGR of 5.92% during 2019-2024.
Technavio has segmented the office furniture market by product (Seating, Systems, Tables, Storage units and files, and Overhead bins) ,distribution channel (Offline and Online) , and geographic (APAC, North America, Europe, South America, and MEA).
Haworth Inc., Herman Miller Inc., HNI Corp., Hooker Furniture, Inter IKEA Holding BV, Kimball International Inc., Knoll Inc., KOKUYO Co. Ltd., OKAMURA Corp., Steelcase Inc. are a few of the key vendors in the office furniture market.
APAC will register the highest growth rate of 44.96% among the other regions. Therefore, the office furniture market in APAC is expected to garner significant business opportunities for the vendors during the forecast period.
The key factors driving the office furniture market growth are:
  • Growing demand for modern and luxury furniture
The office furniture market vendors should focus on grabbing business opportunities from the seating segment as it accounted for the largest market share in the base year.
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