Maharashtra, India -- (SBWIRE) -- 03/11/2019 -- Office Furniture Market
Office Furniture is a kind of equipment used for working in daily life and working.Overall, the Office Furniture products performance is positive with the global economic recovery.
Download Research Study With Latest Advancement Trends and Application https://www.reportsmonitor.com/request_sample/375967
The worldwide market for Office Furniture is expected to grow at a CAGR of roughly 4.7% over the next five years, will reach 94200 million US$ in 2024, from 71500 million US$ in 2019.
The technical barriers of Office Furniture are relatively low, and the Office Furniture market concentration degree is dispersed. The manufacturing bases scatter around the world; the key companies in Office Furniture market include Steelcase, Herman Miller, Haworth, HNI Corporation, Okamura Corporation, Global Group, KI, Teknion, Knoll, Kinnarps Holding, and others.
Favorable government policies and rising foreign direct investments have increased the number of MNCs in the country and also boosted the entry of foreign players. This has led to a rise in the number of offices as well as the demand for Office Furniture worldwide. Also, the growing number of companies in the technology, media, telecom, retail, financial, and transport sectors in 2014 has increased the demand of Office Furniture. Therefore, the growing demand for office space will be favorable for the growth of the Office Furniture market.
As the demand increases rapidly for downstream industries, the demand for Office Furniture will correspondingly increase. The increased consumption of Office Furniture is expected to continue during the remaining years of the forecast period of 2016-2021. Office Furniture industry will usher in a stable growth space.
In the past few years, the raw material prices were relatively stable, and expected that the Office Furniture raw material price will be stable in the short term. However, the improvement of energy, transportation costs, employee wages, and equipment depreciation will play a significant role in promoting the cost of Office Furniture. Therefore, to some extent, the companies face the risk of profit decline.
There are companies adding new capacities and aims at the cost and quality leadership which shall improve profitability. As the same time, companies are focusing on technological innovation, equipment upgrades, and process improvements, to reduce costs and improve quality. The competition in Office Furniture market will become more intense.
Get Discount on this report @ https://www.reportsmonitor.com/check_discount/375967
Market Segment by Manufacturers, this report covers
Steelcase, Herman Miller, Haworth, HNI Corporation, Okamura Corporation, Global Group, KI, Teknion, Knoll, Kinnarps Holding, Kimball Office, Kokuyo, ITOKI, Uchida Yoko, Vitra Holding, Nowy Styl, Groupe Clestra Hausermann, Izzy+, Lienhard Office Group, Koninkije Ahrend, USM Holding, Bene, Sedus Stoll, Martela, Scandinavian Business Seating, EFG Holding, Fursys, AURORA, SUNON, Quama
Market Segment by Regions, regional analysis covers
North America (United States, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Colombia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
Market Segment by Type, covers
Wood
Metals
plastic
others
Market Segment by Applications, can be divided into
Enterprise
Hospitals
Schools
Others
Regions/Countries:
North America (USA, Canada, Mexico)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand)
Europe (Germany, UK, France, Italy, Spain, Russia, etc.)
South America (Brazil, Argentina, etc.)
Middle East (Saudi Arabia, Iran etc.)
Africa (Egypt, South Africa, etc.)
Points Covered in The Report:
The points that are talked over within the report are the major Office Furniture market players that influence the market such as raw material suppliers, manufacturers, equipment suppliers, end users, traders, distributors etc.
The all-inclusive profile of the companies is specified. The production, price, capacity, revenue, cost, gross, gross margin, sales volume, sales revenue, consumption, growth rate, import, export, future strategies, supply, and the technological developments that they are creating are also incorporated within the report. Besides the historical data from 2012 to 2017 and forecast data from 2019 to 2024.
The growth factors of the Office Furniture market are deeply discussed while the different end users of the market are underlined.
Data and information by manufacturer, by region, by type, by application and etc., and custom research can be added in line with the specific requirements.
The report also considers the SWOT analysis of the market. Finally, the report concludes with the opinions of the industry experts.
Full Report Link @ https://www.reportsmonitor.com/report/375967/Office-Furniture-Market
The global Office Furniture Market provides an overall research conclusion and market feasibility of investing in a novel project is assessed. Global Office Furniture Market is a beneficial and trustworthy source of guidance and mode for individuals and companies concerned with the sales of the market.
Mention your Queries here to Get a Call from Our Industry Expert @ sales@reportsmonitor.com