Global Office Furniture Market: Size & Forecasts with Impact Analysis of Covid-19 (2020-2024)

Global Office Furniture Market: Size & Forecasts with Impact Analysis of Covid-19 (2020-2024)

Oct 2020 Daedal Research Furniture62 Pages Price :
$ 850

Scope of the Report

Global Office Furniture Market Size from 2020-2024
The report titled titled “Global Office Furniture Market: Size & Forecasts with Impact Analysis of Covid-19 (2020-2024)” includes detailed analysis of the office furniture market by value and segments. This is followed by analysis of the market for regions of Asia Pacific, North America and the US.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry.

Growth of the overall global office furniture market has also been forecasted for the period 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. Key players of the office furniture market are Steelcase Inc., Herman Miller Inc., HNI Corporation and Okamura Corporation. These players have been profiled in the report with their financial information and business strategies.

Company Coverage

  • Steelcase Inc.
  • Herman Miller Inc.
  • HNI Corporation
  • Okamura Corporation

Regional Coverage

  • North America
  • Asia Pacific

Executive Summary

The global office furniture market can be segmented on the basis of product type, material and end users. Table and desks, workstations, seatings, overhead bins and storage unit and files are the different office furniture product types. On the basis of material, the market is spilt into wood, fiberglass, plastic and metal. On the basis of end users, the market is divided into enterprise, schools and hospitals.

The global office furniture market is forecasted to grow at healthy rate over the years (2020-2024). Growth in number of start up companies, boom in e-commerce, rapid developing economy and spike in spending of furniture are the growth drivers of the market. Rising costs of raw material and increasing incidence of forest fire are the challenges faced by the market.

Adoption of sustainable production processes, near shore manufacturing, spike in demand for standing desks, growing prominence of ergonomic furniture, smart furniture and office pods are some of the latest trends existing in the market.

The essential catalyst of demand for office furniture, consisting of business sentiment and commercial construction have dried up. Furthermore, businesses are releasing workers off duty due to Covid-19. This sudden spike in unemployment has lowered demand for industry products, as many businesses have ceased expansion into new workspaces atleast for 2020.

Table of Content

1. Executive Summary

2. Introduction
2.1 Furniture: An Overview
2.2 Office Furniture: An Overview
2.2.1 Importance of office furniture
2.2.2 Types of Office Furniture 
2.3 Office Furniture Market Segments

3. Global Market Analysis 
3.1 Global Institutional and Office Furniture Market Analysis 
3.1.1 Global Institutional and Office Furniture Market by Value
3.1.2 Global Institutional and Office Furniture Market by Segments 
3.2 Global Office Furniture Market Analysis
3.2.1 Global Office Furniture Market by Value
3.2.2 Global Office Furniture Market by Segment (Office Seatings and Others)
3.2.3 Global Office Furniture Seating Market by Value 
3.2.4 Global Office Furniture Market by Region (Asia Pacific, North America and Rest of the World)

4. Regional Analysis 
4.1 Asia Pacific Office Furniture Market Analysis 
4.1.1 Asia Pacific Office Furniture Market by Value
4.2 North America Office Furniture Market Analysis 
4.2.1 North America Office Furniture Market by Value
4.2.2 North America Office Furniture Market by Countries (The US, Canada and Mexico)
4.2.3 The US Office Furniture Market by Value

5. Impact of Covid-19
5.1 Impact on Global Office Furniture Market
5.1.1 Impact on Office Furniture Companies 
5.1.2 Opportunities for Home Office Furniture 

6. Market Dynamics
6.1 Growth Drivers
6.1.1 Growth in Number of Start-Ups
6.1.2 Boom in E-Commerce
6.1.3 Rapidly Growing Economy
6.1.4 Heightened Spending on Furniture
6.2 Challenges 
6.2.1 Rising Costs of Raw Materials
6.2.2 Increasing Incidence of Forests Fires
6.3 Market Trends 
6.3.1 Adoption of Sustainable Production Approaches
6.3.2 Near Shore Manufacturing
6.3.3 Spike in Demand of Standing Desks
6.3.4 Growing Prominence of Ergonomic Furniture
6.3.5 Smart Office Furniture
6.3.6 Office Furniture Pods

7. Competitive Landscape 
7.1 Global Office Furniture Market Players Financial Comparison

8. Company Profiles 
8.1 Steelcase Inc.
8.1.1 Business Overview 
8.1.2 Financial Overview 
8.1.3 Business Strategy 
8.2 Herman Miller Inc.
8.2.1 Business Overview 
8.2.2 Financial Overview 
8.2.3 Business Strategy 
8.3 HNI Corporation
8.3.1 Business Overview 
8.3.2 Financial Overview 
8.3.3 Business Strategy 
8.4 Okamura Corporation
8.4.1 Business Overview 
8.4.2 Financial Overview 
8.4.3 Business Strategy 

List of Table

List of Table

Table 1: Impact of Covid-19 on Revenues of Major Players (US$ Million)
Table 2: Number of Startups in India; 2015-2019
Table 3: Global Office Furniture Market Players Financial Comparison; 2019 (US$ Billion)

List of Chart

List of Figures

Figure 1: Factors Impacting Choice of Office Furniture
Figure 2: Office Furniture Market Segments
Figure 3: Global Institutional and Office Furniture Market by Value; 2015-2019 (US$ Billion)
Figure 4: Global Institutional and Office Furniture Market by Value; 2020-2024 (US$ Billion)
Figure 5: Global Institutional and Office Furniture Market by Segments; 2019 (Percentage,%)
Figure 6: Global Office Furniture Market by Value; 2015-2019 (US$ Billion)
Figure 7: Global Office Furniture Market by Value; 2020-2024 (US$ Billion)
Figure 8: Global Office Furniture Market by Segment;2019 (Percentage,%)
Figure 9: Global Office Furniture Seating Market by Value; 2019-2024 (US$ Billion)
Figure 10: Global Office Furniture Market by Region; 2019 (Percentage,%)
Figure 11: Asia Pacific Office Furniture Market by Value; 2017-2019 (US$ Billion)
Figure 12: Asia Pacific Office Furniture Market by Value; 2020-2024 (US$ Billion)
Figure 13: North America Office Furniture Market by Value; 2017-2019 (US$ Billion)
Figure 14: North America Office Furniture Market by Value; 2020-2024 (US$ Billion)
Figure 15: North America Office Furniture Market by Countries; 2019 (Percentage,%)
Figure 16: The US Office Furniture Market by Value; 2017-2019 (US$ Billion)
Figure 17: The US Office Furniture Market by Value; 2020-2024 (US$ Billion)
Figure 18: Steelcase Revenues; 2016-2020 (US$ Billion)
Figure 19: Steelcase Revenue by Segment; 2020 (Percentage,%)
Figure 20: Herman Miller, Inc. Net Sales 2016-2020 (US$ Billion)
Figure 21: Herman Miller, Inc. Net Sales by Segment; 2020 (Percentage,%)
Figure 22: HNI Corporation Net Sales 2015-2019 (US$ Billion)
Figure 23: HNI Corporation Net Sales by Segment; 2019 (Percentage,%)
Figure 24: Okamura Net Sales 2015-2019 (US$ Billion)
Figure 25: Okamura Net Sales by Segments; 2019 (Percentage,%)

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