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FEATURED COMPANIES
- Herman Miller Inc.
- HNI Corp.
- KOKUYO Co. Ltd.
- Okamura Corp.
- Steelcase Inc.
- MORE
Global Office Furniture Market: About this market
The office furniture market analysis considers sales from distribution channels, including offline and online. Our analysis also considers the sales of office furniture in APAC, Europe, North America, South America, and MEA. In 2018, the offline segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the availability of a wide variety of brands at multistore retail units and dealers will play a significant role in the offline segment to maintain its market position. Also, our global office furniture market report looks at factors such as the growing demand for modern and luxury furniture, an increase in the number of office spaces, and a growing demand for eco-friendly furniture. However, fluctuating prices of raw materials, high competition from regional brands and the threat of counterfeiting, and long product replacement cycle may hamper the growth of the office furniture industry over the forecast period.
Global Office Furniture market: Overview
Growing demand for eco-friendly furniture
Office furniture manufacturers are increasingly adopting green solutions due to the growing demand for customized office furniture from recycled wood wastes and rising concern over increasing deforestation. The adoption of green solutions also helps them to comply with the guidelines set up by non-profit trade associations. The growing demand for eco-friendly furniture will lead to the expansion of the global office furniture market at a CAGR of almost 6% during the forecast period.
Increasing consumer preference for multifunctional and customized furniture
There is an increase in the demand for multifunctional, collaborative, and portable furniture due to the evolving consumer demands, shrinking workspace, rising number of startups, and implementation of evolved teaching methodology in international schools. The growing preference for customized furniture to support employee’s comfort and boost their efficiency is expected to have a positive impact on the overall market growth.
Competitive Landscape
With the presence of several major players, the global office furniture market is fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading office furniture manufacturers, that include Herman Miller Inc., HNI Corp., KOKUYO Co. Ltd., Okamura Corp., and Steelcase Inc.
Also, the office furniture market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.
FEATURED COMPANIES
- Herman Miller Inc.
- HNI Corp.
- KOKUYO Co. Ltd.
- Okamura Corp.
- Steelcase Inc.
- MORE
PART 02: SCOPE OF THE REPORT
- Preface
- Currency conversion rates for US$
- Market ecosystem
- Market characteristics
- Market segmentation analysis
- Market definition
- Market sizing 2018
- Market size and forecast 2018-2023
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
- Market segmentation by distribution channel
- Comparison by distribution channel
- Offline - Market size and forecast 2018-2023
- Online - Market size and forecast 2018-2023
- Market opportunity by distribution channel
- Market segmentation by end-user
- Comparison by end-user
- Commercial office furniture - Market size and forecast 2018-2023
- Home office furniture - Market size and forecast 2018-2023
- Market opportunity by end-user
PART 09: MARKET SEGMENTATION BY PRODUCT
- Market segmentation by product
- Comparison by product
- Seating - Market size and forecast 2018-2023
- Systems - Market size and forecast 2018-2023
- Tables - Market size and forecast 2018-2023
- Storage units and files - Market size and forecast 2018-2023
- Overhead bins - Market size and forecast 2018-2023
- Market opportunity by product
- Geographic segmentation
- Geographic comparison
- APAC - Market size and forecast 2018-2023
- North America - Market size and forecast 2018-2023
- Europe - Market size and forecast 2018-2023
- South America - Market size and forecast 2018-2023
- MEA - Market size and forecast 2018-2023
- Key leading countries
- Market opportunity
PART 12: DRIVERS AND CHALLENGES
- Market drivers
- Market challenges
- Increase in mergers and acquisitions
- Increasing popularity of online furniture stores
- Increasing consumer preference for multifunctional and customized furniture
- Overview
- Landscape disruption
- Competitive scenario
- Vendors covered
- Vendor classification
- Market positioning of vendors
- Herman Miller, Inc.
- HNI Corp.
- KOKUYO Co. Ltd.
- Okamura Corp.
- Steelcase Inc.
- Research methodology
- List of abbreviations
- Definition of market positioning of vendors
List of Exhibits:
Exhibit 01: Global furniture market
Exhibit 02: Segments of global furniture market
Exhibit 03: Market characteristics
Exhibit 04: Market segments
Exhibit 05: Market definition - Inclusions and exclusions checklist
Exhibit 06: Market size 2018
Exhibit 07: Global market: Size and forecast 2018-2023 ($ billions)
Exhibit 08: Global market: Year-over-year growth 2019-2023 (%)
Exhibit 09: Five forces analysis 2018
Exhibit 10: Five forces analysis 2023
Exhibit 11: Bargaining power of buyers
Exhibit 12: Bargaining power of suppliers
Exhibit 13: Threat of new entrants
Exhibit 14: Threat of substitutes
Exhibit 15: Threat of rivalry
Exhibit 16: Market condition - Five forces 2018
Exhibit 17: Distribution channel - Market share 2019-2024 (%)
Exhibit 18: Comparison by distribution channel
Exhibit 19: Offline - Market size and forecast 2018-2023 ($ billions)
Exhibit 20: Offline - Year-over-year growth 2019-2023 (%)
Exhibit 21: Global office furniture market by offline distribution channel 2018 (% share of revenue)
Exhibit 22: Online - Market size and forecast 2018-2023 ($ billions)
Exhibit 23: Online - Year-over-year growth 2019-2023 (%)
Exhibit 24: Global Internet users (% of the population)
Exhibit 25: Market opportunity by distribution channel
Exhibit 26: End-user - Market share 2019-2024 (%)
Exhibit 27: Comparison by end-user
Exhibit 28: Commercial office furniture - Market size and forecast 2018-2023 ($ billions)
Exhibit 29: Commercial office furniture - Year-over-year growth 2019-2023 (%)
Exhibit 30: Home office furniture - Market size and forecast 2018-2023 ($ billions)
Exhibit 31: Home office furniture - Year-over-year growth 2019-2023 (%)
Exhibit 32: Market opportunity by end-user
Exhibit 33: Customer landscape
Exhibit 34: Product - Market share 2019-2024 (%)
Exhibit 35: Comparison by product
Exhibit 36: Seating - Market size and forecast 2018-2023 ($ billions)
Exhibit 37: Seating - Year-over-year growth 2019-2023 (%)
Exhibit 38: Systems - Market size and forecast 2018-2023 ($ billions)
Exhibit 39: Systems - Year-over-year growth 2019-2023 (%)
Exhibit 40: Tables - Market size and forecast 2018-2023 ($ billions)
Exhibit 41: Tables - Year-over-year growth 2019-2023 (%)
Exhibit 42: Storage units and files - Market size and forecast 2018-2023 ($ billions)
Exhibit 43: Storage units and files - Year-over-year growth 2019-2023 (%)
Exhibit 44: Overhead bins - Market size and forecast 2018-2023 ($ billions)
Exhibit 45: Overhead bins - Year-over-year growth 2019-2023 (%)
Exhibit 46: Market opportunity by product
Exhibit 47: Market share by geography 2019-2024 (%)
Exhibit 48: Geographic comparison
Exhibit 49: APAC - Market size and forecast 2018-2023 ($ billions)
Exhibit 50: APAC - Year-over-year growth 2019-2023 (%)
Exhibit 51: North America - Market size and forecast 2018-2023 ($ billions)
Exhibit 52: North America - Year-over-year growth 2019-2023 (%)
Exhibit 53: Europe - Market size and forecast 2018-2023 ($ billions)
Exhibit 54: Europe - Year-over-year growth 2019-2023 (%)
Exhibit 55: South America - Market size and forecast 2018-2023 ($ billions)
Exhibit 56: South America - Year-over-year growth 2019-2023 (%)
Exhibit 57: MEA - Market size and forecast 2018-2023 ($ billions)
Exhibit 58: MEA - Year-over-year growth 2019-2023 (%)
Exhibit 59: Key leading countries
Exhibit 60: Market opportunity
Exhibit 61: Impact of drivers and challenges
Exhibit 62: Vendor landscape
Exhibit 63: Landscape disruption
Exhibit 64: Vendors covered
Exhibit 65: Vendor classification
Exhibit 66: Market positioning of vendors
Exhibit 67: Herman Miller Inc. - Vendor overview
Exhibit 68: Herman Miller Inc. - Business segments
Exhibit 69: Herman Miller Inc. - Organizational developments
Exhibit 70: Herman Miller Inc. - Geographic focus
Exhibit 71: Herman Miller Inc. - Segment focus
Exhibit 72: Herman Miller Inc. - Key offerings
Exhibit 73: HNI Corp. - Vendor overview
Exhibit 74: HNI Corp. - Business segments
Exhibit 75: HNI Corp. - Organizational developments
Exhibit 76: HNI Corp. - Segment focus
Exhibit 77: HNI Corp. - Key offerings
Exhibit 78: KOKUYO Co. Ltd. - Vendor overview
Exhibit 79: KOKUYO Co. Ltd. - Business segments
Exhibit 80: KOKUYO Co. Ltd. - Organizational developments
Exhibit 81: KOKUYO Co. Ltd. - Segment focus
Exhibit 82: KOKUYO Co. Ltd. - Key offerings
Exhibit 83: Okamura Corp. - Vendor overview
Exhibit 84: Okamura Corp. - Business segments
Exhibit 85: Okamura Corp - Organizational developments
Exhibit 86: Okamura Corp. - Segment focus
Exhibit 87: Okamura Corp. - Key offerings
Exhibit 88: Steelcase Inc. - Vendor overview
Exhibit 89: Steelcase Inc. - Business segments
Exhibit 90: Steelcase Inc. - Organizational developments
Exhibit 91: Steelcase Inc. - Geographic focus
Exhibit 92: Steelcase Inc. - Segment focus
Exhibit 93: Steelcase Inc. - Key offerings
Exhibit 94: Validation techniques employed for market sizing
Exhibit 95: Definition of market positioning of vendors
FEATURED COMPANIES
- Herman Miller Inc.
- HNI Corp.
- KOKUYO Co. Ltd.
- Okamura Corp.
- Steelcase Inc.
- MORE
Commenting on the report, an analyst from the research team said: “The latest trend gaining momentum in the market is the increasing consumer preference for multifunctional and customized furniture.”
According to the report, one of the major drivers for this market is the growing demand for eco-friendly furniture.
Further, the report states that one of the major factors hindering the growth of this market is the long product replacement cycle.
The study was conducted using an objective combination of primary and secondary information, including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.
- Herman Miller Inc.
- HNI Corp.
- KOKUYO Co. Ltd.
- Okamura Corp.
- Steelcase Inc.
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