The demand of the office furniture is increasing day by day because of the expansion of the industries in the market. Office furniture consists of specific furniture designed for office application such as workstations, meetings and cafeterias. According to the KD market Insights, the office furniture market is expected to grow at CAGR of 6.4% during the forecasted period of 6 years i.e. 2018-2023. The current statistics of the office furniture market illustrates that the currently the market is about USD 53.5 billion by 20217 and will reach to USD 84.4 Billion by 2023.
The Office furniture market is segmented on the basis of product, price range, by distribution channel and by geography. On the basis of it is divided into seating, storage unit and files, workstations, tables. On the basis of seating, it is further sub-segmented into office chairs, guest chairs, stools, sofa and others. On the basis of the storage unit and files it is divided into bins and shelves, cabinets and others. The workstation is divided into an individual workstation, dining tables, occasional tables, accessories and others. The price ranges may vary from premium, medium and economy. They are available online as well as offline store.
The office furniture market detailed analysis of the global insights of the office furniture market so that the market can sustain in long-run in the market. The market illustrates the office furniture market opportunities in the market which makes the market work in long-run which helps the office furniture market share to capture the major market share. The office furniture market provides information about the plans, strategies of the competitors in the market. The key competitors of the office furniture market are Herman Miller Inc, Inter IKEA Group, Okamura Corporation, HNI Corporation, Knoll, Inc, Steelcase Inc, Haworth Inc, Kokuyo Co Ltd, Kimball International Inc, Hooker Furniture and Other Major & Niche Players.
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The office furniture market involves the office furniture market share which represents the office furniture market outlook pertaining in the market. The geography covered are North America (U.S. & Canada),Europe (Germany, United Kingdom, France, Italy, Spain, Russia and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Taiwan, Australia, New Zealand and Rest of Asia Pacific), Latin America (Brazil, Mexico, Argentina and Rest of Latin America), Middle East & Africa (GCC, North Africa, South Africa and Rest of Middle East & Africa).
Office furniture market provide office furniture market insights that provide wide coverage of industry players including the new product launch and market activities, SWOT analysis Porter’s Five Force Analysis, Market Drivers, Trends, Challenges and Opportunities, overview and executive summary, macroeconomic indicators that will impact the growth of the market. The office furniture trends, key facts of the market, the business strategy adopted, revenue earned, risk analysis, marketing and distribution strategies involved, product offerings, research & development, expansion, and other market activities.
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