With the emergence and long-term Impact of COVID-19, Global Office Furniture Market to reach USD XXXX billion by 2030
Bizwit Research & Consulting LLP’s recent analysis on the Global Office Furniture Market points towards a potential rise to USD XXXX billion by 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.
Geographically, the global Office Furniture market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America, and Middle East and Africa (MEA). 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.
The global Office Furniture market is highly competitive owing to the presence of several key players such as Okamura Corporation, HNI Corporation, Herman Miller Inc, Haworth Inc, Global Furniture Group, Steelcase Inc, Knoll Inc, Kimball International, 9to5 Seating, KOKUYO Co. Ltd and others.
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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
Key findings of the study suggest:
- Global Office Furniture Market is anticipated to grow with a healthy growth rate of more than xx% over the forecast period 2023-2030.
- In the Type segment, Seating emerged out as the leading market segment in 2022.
- North America is anticipated to drive regional growth owing to strong commercial sector with a large number of businesses, corporations, and institutions in the region.
- Asia Pacific is expected to grow at higher rate owing to expansion of businesses, infrastructure development, and urbanization in the region
Bizwit Research & Consulting has considered following segments for the study:
- Other Office Furniture
By Distribution Channel:
- Home Centers
- Flagship Stores
- Specialty Stores
- Online Stores
- Other Distribution Channels
- North America
- Asia Pacific
- Latin America
- Rest of Latin America
- Middle East & Africa
- Saudi Arabia
- South Africa
- Rest of Middle East & Africa
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