Global Office Furniture Market Size study & Forecast, by Type (Seating, Tables, Storage, Desks, Other Office Furniture), by Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online Stores, Other Distribution Channels) and Regional Ana

Global Office Furniture Market Size study & Forecast, by Type (Seating, Tables, Storage, Desks, Other Office Furniture), by Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online Stores, Other Distribution Channels) and Regional Analysis, 2023-2030

Global Office Furniture Market is valued at approximately USD XXXX billion in 2022 and is anticipated to grow with a healthy growth rate of more than XX% over the forecast period 2023-2030. The Office Furniture Market encompasses the manufacturing, distribution, and sales of furniture specifically tailored for use in office environments, including various products such as desks, chairs, cabinets, workstations, and storage solutions. It caters to businesses, institutions, and organizations seeking functional, ergonomic, and aesthetically pleasing furniture to create productive and comfortable workspaces. The Office Furniture Market is being driven by factors such as an increase in the number of corporate offices and office renovations and expansions.

Organizational changes, expansions, and office renovations contribute to the demand for new furniture to accommodate the evolving needs of businesses, including the need for more flexible and adaptable furniture solutions. According to MPIDC, Madhya Pradesh Industrial Development Corporation (MPIDC) is planning the development of an IT Park with co-working spaces in the Electronic complex. ,.. In addition to rising urbanization and commercial construction and increasing integration of technology in office furniture creates lucrative opportunities for the market. However, the increasing hybrid work culture hinders the market growth throughout the forecast period of 2023-2030.

The key regions considered for the Global Office Furniture Market study includes Asia Pacific, North America, Europe, Latin America, and Middle East & Africa. North America dominated the market in 2022 owing to the dominance the region has a strong commercial sector with a large number of businesses, corporations, and institutions. The region is home to numerous headquarters, offices, and commercial spaces, creating a significant demand for office furniture. Asia Pacific is considered as a fastest growing region over the forecast period due to region has experienced rapid economic growth, resulting in the expansion of businesses, infrastructure development, and urbanization. This has led to a significant demand for office spaces and, subsequently, office furniture.

Major market player included in this report are:
Okamura Corporation
HNI Corporation
Herman Miller Inc.
Haworth Inc.
Global Furniture Group
Steelcase Inc.
Knoll Inc.
Kimball International
9to5 Seating
KOKUYO Co. Ltd

Recent Developments in the Market:
 In April 2021, Herman Miller Inc. unveiled its intention to acquire competitor Knoll Inc. in a cash-and-stock deal worth USD 1.8 billion.
 In April 2021 PPG Industries Ohio Inc. (PPG) has recently launched PPG ERGOLUXE powder coatings, specifically designed for metal office furniture. These innovative coatings utilize a distinctive polyester-hybrid technology, offering Significant advantages in terms of both aesthetics and sustainability compared to conventional liquid or solvent-based coatings. The introduction of PPG ERGOLUXE powder coatings brings enhanced styling and eco-friendly features to a wide range of office furniture, including seating solutions, desks, and cabinets.

Global Office Furniture Market Report Scope:
 Historical Data – 2020 - 2021
 Base Year for Estimation – 2022
 Forecast period - 2023-2030
 Report Coverage - Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
 Segments Covered - Type, Distribution Channel, Region
 Regional Scope - North America; Europe; Asia Pacific; Latin America; Middle East & Africa

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Type:
Seating
Tables
Storage
Desks
Other Office Furniture

By Distribution Channel:
Home Centers
Flagship Stores
Specialty Stores
Online Stores
Other Distribution Channels

By Region:

North America
U.S.
Canada

Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC

Latin America
Brazil
Mexico

Middle East & Africa
Saudi Arabia
South Africa
Rest of Middle East & Africa

Companies Mentioned
Okamura Corporation
HNI Corporation
Herman Miller Inc.
Haworth Inc.
Global Furniture Group
Steelcase Inc.
Knoll Inc.
Kimball International
9to5 Seating
KOKUYO Co. Ltd

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