A recent research study published by MarkNtel Advisors cites that the Office Furniture Market is set to record around 31% CAGR during 2022-2027. The major growth factors, challenges, opportunities, restraints, market trends, & competitive landscape are all discussed extensively in the report as per the following:
Historical Period: 2017-2020
Base Year: 2021
Forecast Years: 2022-27
Units: USD Million/Billion
The study also comprises the recent developments by the leading players operating in the market, their product portfolio, growth strategies, geographical presence, & financial situation. Both primary & secondary research methods have been used to attain precise & thorough information. The major restraints that may pose risks to the market expansion in the forecast years are also covered in the report. Moreover, it also offers useful insights on the untapped opportunities and challenges, along with some noteworthy recommendations to help companies prepare for unforeseen situations that may arise in the future. Here are some key inclusions of the report:
-Market size, share, segmentation, with prominent growth factors & opportunities.
-Geographical statistics of the Market.
-Covid-19 impact analysis of the market.
-Innovations, policies, regulations, product & service standards in the market.
-Key strategies adopted by the leading players in the Office Furniture Market.
Key Trend in the Global Office Furniture Market
Escalating Transformation of Furniture Manufacturers Toward Digital Platforms- Since the prevalence of the internet & digitalization is gaining momentum among industries of all sizes, online platforms are becoming a prominent forum for shopping. It, in turn, is instigating the leading furniture manufacturers to transform & expand their reachability across different regions and offer greater convenience for customers by eliminating the need for multiple store visits.
Besides, benefits like easy product comparison, affordable prices, and extensive availability of designs are also propelling the demand for furniture through e-commerce platforms and becoming an emerging trend in the Global Online Furniture Market.
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Segmentation Analysis:
This part of the study comprises a thorough analysis of the size & volume of the Office Furniture Market based on the segments & sub-segments cited below to help our readers identify the key aspects attributing to the industry’s growth across these segments and enrich their end-user positioning, targeting, & revenue.
By Bifurcation, By Material
-Plastic
-Wood
-Metal
-Glass
By Bifurcation, By Product
-Seating (Chairs/Bench/Sofa/Couch)
-System
-Table
-Storage & Cabinets
-Other
By Bifurcation, By Distribution Channel
-Retail
-Direct to consumer
-E-Commerce
-Other
By Bifurcation, By Region
-North America
-South America
-Europe
-The Middle East & Africa
-Asia-Pacific
See the Most Recent Market Research on Office Furniture Market- https://www.marknteladvisors.com/research-library/office-furniture-market.html
Competitive Landscape:
This section involves a competitive analysis of the key companies participating in the Office Furniture Market mentioned below, with insights like the company overview, financials, R&D investments, market share, key strategies adopted, strengths & weaknesses, product/service launch, etc. All insights mentioned in this section are gathered after thoroughly analyzing the leading companies operating in the industry, as well as the small & medium-sized enterprises that play crucial roles and have potential growth.
-Aurora Corporation
-Fursys Inc.
-Global Furniture Group
-HNI Corporation
-Herman Miller
-Haworth, Inc.
-Inaba Seisakusho Co. Ltd.
-Itoki Corp.
-Inter IKEA Systems B.V.
-Knoll Inc.
-Kimball International
-Kokuyo Co. Ltd.
-Others
Key Questions Addressed in the Market Report:
-What is the forecasted size, share, & CAGR of the Office Furniture Market in the forecast period?
-What are the key trends projected to affect the Office Furniture Market during 2022-2027?
-What is the estimated demand for different types of products/services in the Office Furniture Market?
-What would be impact of strategic developments on the Office Furniture Market in the mid to long-term?
-Who are the key stakeholders and players participating in the Office Furniture Market?
-What are the different segments & sub-segments considered in the Office Furniture Market research study?
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