Office Chair Market Is Forecast To Register an Above-Average 5.6% Value CAGR between the Period 2018 And 2028

Dublin, Ireland, 2018-Aug-03 — A new report published by FactMR exerts an exhaustive study on the office chair market, which can be leveraged by the readers to sustain their competitiveness in the Office Chair Market. Clients can benefit from the information provided in the report for enhancing their profit margins by attracting potential customer, on whom intelligence has been offered in detail.

An office chair is a type of seating used in workplaces or office settings. It usually features a padded back, a padded seat, armrest, and casters, which enable the chair to roll and swivel. Apart from features such as height adjustment, an office chair can have additional features such as footrest, neck rest, adjustable arms, and back with a lumbar support. According to the intended purpose, office chair can be of multiple types such as conference chairs, ergonomic chairs, executive chairs, guest chairs and many more.

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Development of multifunctional office chair is a key trend that has gained significant traction in the office chair market recently. Quick & easy to transport, multifunctional, and foldable attributes have been key focus areas of prominent stakeholders in the office chair market. This has further led the development of innovative yet affordable chair for commercial applications among manufacturers.

Current and future prospects of the office chair market are directly influenced by growth of the office furniture industry. With notable growth of the private sector, there has been a proliferation of micro, small & medium-sized enterprises (MSMEs), underpinned by immense support from national governments and private investments. Increase in the number of commercial infrastructures has further created high demand for office furniture, thereby driving growth of the office chair market.

The office chair market is forecast to register an above-average 5.6% value CAGR between the period 2018 and 2028. Albeit nature of the office chair market continues to remain fragmented, collaborative efforts of office furniture manufacturers toward organizing the industry have gradually been reinforcing the overall supply chain. This has further offered customers in the office chair market with an enhanced exposure to a wide range of product variants.

With manufacturer adopting advanced technologies for production of innovative yet affordable office furniture, growth of the office chair market will remain steady in the forthcoming years. However, prospects of the office chair market will continue to observe the confines of pervasive market fragmentation and preeminence of domestic office chair manufacturers, along with the impact of shipping and transportation costs.

Growth of the office chair market will continue to be impacted by the massive infrastructural transformation that is underway against the backdrop of economic development and industrialization in emerging economies. Office chair market is likely to witness opportunities in industrial buildings, which are imperative assets in the real-estate industry as they offer investors with a wide range of growth and revenue generation opportunities.

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With the office chair market being highly fragmented, few established manufacturers hold leading market shares. Import activities related to office chair have remained relatively low, as requirements of customers in emerging markets vary from those in developed regions. This has further inclined purchase preference of customers toward domestic manufacturers over international vendors, which has impacted the global supply chain of the office chair market.

Office Chair Market: Ecommerce Paving New Frontiers

The office chair market will continue to witness significant opportunities in the online sales platform, as the office furniture industry becomes more organized. In the light of growing consumer appetite for online purchase, smart office furniture manufacturers are selling their furniture through their own website or through popular retail websites such as eBay, Amazon, and more. This is likely to pave new frontiers for the office chair market.

In 2017, Amazon’s furniture sales reached US$ 4 billion, representing the popularity of an e-commerce platform for buying furniture through an online platform, and office chair sales were influenced significantly. As the office chair market is fragmented, domestic manufacturers are approaching online portals, which include Trendsutra Platform Service Private Limited (pepperfry.com) and Urban Ladder, to showcase their products, and bolster their sales.

Table of Contents

1. Global Office Chair Market – Executive Summary

1.1. Global Office Chair Market – Opportunity Analysis

1.2. Competitive Analysis (Fortune Wheel)

2. Global Office Chair Market Outlook Overview

2.1. Introduction

2.2. Market Definition

2.3. Scope of Report

3. Market Dynamics

3.1. Key Growth Drivers

3.2. Key Trends

3.3. Opportunity

3.4. Key Market Restraints

3.5. Supply Chain

3.6. Cost Structure

3.7. Retail Market Overview

3.7.1. Top 10 Retailers

3.7.2. Geographic Analysis

Continued…………………….

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