Office Furniture Market Showcases Positive Demand for Major Product Categories during 2017-2022

Posted on 2019-04-29 by Mark Hub in Retail // 0 Comments

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RockVille, US, 2019-Apr-29 — /EPR Network/ — Fact.MR has recently updated its massive report catalogue by adding a fresh study titled “Office Furniture Market Showcases Positive Demand for Major Product Categories during 2017-2022”. This business intelligence study encapsulates vital details about the market current as well as future status during the mentioned forecast period of 2022.The report also targets important facets such as market drivers, challenges, latest trends, and opportunities associated to growth of manufacturers in global market for Office Furniture Market. Along with these insights, the report provides the readers crucial insights on the strategies implemented by leading companies to remain in the lead of this competitive market.

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The global office furniture market is envisaged to find growth due to the rising demand for ergonomic furniture that helps to keep health issues of employees such as back pain at bay. Increasing focus on comfort could encourage manufacturers to design and develop more products accordingly. The need to maintain employee wellness is expected to promote the demand for comfortable chairs, desks, and other types of office furniture. High demand for smart products could be another factor pushing the growth of the global office furniture market. Office desks with sensors are a good example of smart office furniture.

This segment of the global office furniture market could remain as one of the highly lucrative ones during the course of the forecast period. However, direct to customer is forecast to show above-average growth in the global office furniture market. By sales channel, the global office furniture market is also classified into discount stores, e-commerce stores, manufacturer stores, and rental stores.

By type of product, the global office furniture market is categorized into reception furniture, office systems furniture, storage furniture, office tables, office chairs, and other segments. Among these, office chairs are prognosticated to gather pace in the global office furniture market by showing higher sales growth by the end of the forecast period. This segment of the global office furniture market could earn more than an US$8.8 bn by the end of 2022. Office tables are also envisioned to become a prominent segment of the global office furniture market. In 2017, the segment secured close to one-third of the total revenue earned by the global office furniture market.

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The global office furniture market is envisaged to find players focusing on the development and launch of new products, acquisition, and collaboration for securing a strong position. There could be an influx of both foreign and domestic companies in the global office furniture market. Jaime Hayon of Hayon Studio launched a new office system for Republic of Fritz Hansen in October 2018. This could be evident of new product launch being a prominent strategy adopted in the global office furniture market.

This report brings to light some of the significant aspects of the global office furniture market and how different factors are affecting its growth. It offers accurate analysis about the global office furniture market for the forecast period 2017-2022.

Office furniture is a key aspect of the infrastructure of corporate companies. The demand for functional products is expected to surge in the coming years. Cabinets, drawers, tables, chairs, and desks are some of the common items listed under office furniture.

Additional Questions Answered

The report answers important questions about the global office furniture market, such as:

Which sales channel is expected to gain a king’s share of the global office furniture market?
Which type of product could earn larger demand in the global office furniture market?
Which region is anticipated to rank higher in terms of market share?

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