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Office Furniture Market in the US to Grow at a CAGR of 5.49% During the Period 2018-2022; Finds New Report

Market Research Reports, Inc. has announced the addition of “Office Furniture Market in the US 2018 - 2022” research report to their website


Lewes, DE -- (SBWIRE) -- 03/15/2018 -- Report forecast the office furniture market in the US to grow at a CAGR of 5.49% during the period 2018-2022.

Office furniture is a type of furniture that can be fixed or portable, which is specifically designed for office applications like individual workstations, meeting rooms, lounges, and cafeterias. Wood, steel, plastic, glass, and other similar materials are used in manufacturing office furniture.

The report covers the present scenario and the growth prospects of the office furniture market in the US for 2018-2022. To calculate the market size, the report considers the revenue generated through the retail sales of different types of office furniture made up of wood, metal, and other raw materials.

The market is divided into the following segments based on geography:
- Americas

According to the report, one of the major drivers for this market is Surge in the number of start-ups. The global, including the US, start-up space is expanding continuously since the past few years. Favorable governmental policies like legal protections, increasing ease of doing business, innovative work environments, and business benefits like tax holidays fuel the growth of start-ups across the globe, including the US. Cities like Silicon Valley, New York City, Boston, Los Angeles, and others witness the entry of a large number of new entrepreneurs.

Further, the report states that one of the major factors hindering the growth of this market is Uncertainty in the prices of raw materials. One of the key operational challenges faced by the market is the uncertainty in the cost of raw materials and manufacturing. Fluctuation in the costs of raw materials and assembly components used in the manufacturing process of furniture is a key concern that is curtailing market growth. This adversely affects the profit margins for manufacturers and retailers. The cost of raw materials like steel, plastics, textiles, wood particleboard, and cartons, has increased considerably.

Office Furniture Market in the US 2018-2022, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

key players in the office furniture market in the US: Herman Miller, HNI, Knoll, Steelcase, and Haworth

Market driver
- Surge in the number of start-ups
- For a full, detailed list, view our report

Market challenge
- Uncertainty in the prices of raw materials
- For a full, detailed list, view our report

Market trend
- Increasing adoption of convertible workstations
- For a full, detailed list, view our report

Key questions answered in this report
- What will the market size be in 2022 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?

Spanning over 132 pages "Office Furniture Market in the US 2018 - 2022" report covers Executive summary, Introduction, Scope of the report, Research Methodology, Market landscape, Market Sizing, Five Forces Analysis, Pestle Analysis, Market Segmentation By Product, Market Segmentation By End-User, Market Segmentation By Raw Material, Market Segmentation By Distribution Channel, Customer Landscape, Decision Framework, Drivers And Challenges, Market Trends, Competitor Landscape, Competitor Analysis, Appendix.

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