Market Overview:
The global commercial office furniture market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for office furniture from the corporate sector, rising disposable income, and growing urbanization. The seating segment is expected to hold the largest share in the global commercial office furniture market by 2030 owing to its growing demand from various end-use applications such as schools, hospitals, hotels, and offices. The tables segment is projected to grow at a highest CAGR during the forecast period 2018-2030 due to its increasing demand from various end-use applications such as schools, hospitals, hotels, and offices.
Product Definition:
Commercial office furniture is furniture that is designed for use in a commercial setting, such as an office. Commercial office furniture can include desks, chairs, file cabinets, and other pieces of furniture that are typically found in an office. The purpose of commercial office furniture is to provide employees with a comfortable and functional space in which to work.
Seating:
Seating is an important element in the commercial office furniture market. It helps to provide comfort and convenience to employees working at a desk or table. Seating also helps in improving the aesthetics of an office by making it comfortable and attractive for workers, therefore increasing productivity.
Comfort is one of the major factors that determine how productive employees are while working inside a workplace, therefore seating plays a crucial role in designing workstations so that they promote employee comfort without compromising on functionality.
Tables:
Tables are one of the most used furniture items in offices. They are used for hosting a variety of equipment and objects such as computer, files, plants, pictures and other decorative items. The demand for tables in offices has increased over the past few years owing to their increasing use in commercial office spaces as well as growing trend towards bringing an aesthetic appeal to office interiors.
Application Insights:
The office building application segment accounted for the largest revenue share of over 50% in 2017. The growth is attributed to an increase in the number of commercial buildings and rapid growth of the IT industry across countries, such as India, China, and Japan. In addition, a rise in real estate investments by companies from developed economies like U.K., U.S., Germany and France is expected to boost product demand over the forecast period.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to increasing number of commercial offices, growing middle-class population, and rising real estate development activities. Furthermore, countries such as China and India are witnessing rapid urbanization which will drive demand for commercial office spaces in these countries.
North America accounted for a significant share owing to presence of prominent players such as Steelcase Inc.; Herman Miller; Knoll LLC; Hewlett-Packard Enterprise Development LP; Artco Group Inc.; Office Depot (U.S.) Inc.; among others that are investing heavily in research & development activities aimed at providing innovative products with superior quality at affordable prices thus catering to customer requirements better than other competitors do. Moreover, high concentration of small & medium enterprises has increased purchasing power for office furniture thereby driving regional demand over the forecast period.
Growth Factors:
- Increasing demand for office space: The commercial office furniture market is expected to grow as the demand for office space increases. With the rise in technology and the increasing number of startups, there is a growing demand for smaller and more efficient offices. This is driving the growth of the commercial office furniture market.
- Growing trend of coworking spaces: Coworking spaces are becoming increasingly popular, as they offer employees a more flexible work environment with access to shared resources. This is driving the growth of the commercial office furniture market, as businesses are investing in new furniture to create coworking spaces that are attractive and comfortable.
- Rise in telecommuting: The rise in telecommuting has led to a decrease in demand for traditional offices, which is impacting sales of traditional office furniture products such as desks and chairs. However, this has led to an increase in demand for home-office products such as desks, chairs, storage units etc., which is benefiting companies that manufacture home-office products such as Commercial Office Furniture Ltd (COF).
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Office Furniture Market Research Report
By Type
Seating, Tables, Casegood, Other
By Application
School, Hospital, Hotels, Office Building, Other
By Companies
Steelcase, Herman Miller, Haworth, HNI Corporation, Okamura Corporation, Kokuyo, ITOKI, Global Furniture Group, Teknion, Knoll, Kimball, KI, Sedus Stoll, EFG, Bene AG, Martela, Kinnarps Holding, Nowy Styl, Ahrend, Henglin Chair Industry, Flokk, Fursys, Sunon, Uchida Yoko, Changjiang Furniture, USM Modular Furniture
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Office Furniture Market Report Segments:
The global Commercial Office Furniture market is segmented on the basis of:
Types
Seating, Tables, Casegood, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
School, Hospital, Hotels, Office Building, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Steelcase
- Herman Miller
- Haworth
- HNI Corporation
- Okamura Corporation
- Kokuyo
- ITOKI
- Global Furniture Group
- Teknion
- Knoll
- Kimball
- KI
- Sedus Stoll
- EFG
- Bene AG
- Martela
- Kinnarps Holding
- Nowy Styl
- Ahrend
- Henglin Chair Industry
- Flokk
- Fursys
- Sunon
- Uchida Yoko
- Changjiang Furniture
- USM Modular Furniture
Highlights of The Commercial Office Furniture Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Seating
- Tables
- Casegood
- Other
- By Application:
- School
- Hospital
- Hotels
- Office Building
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Commercial Office Furniture Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Commercial office furniture is typically designed to be more durable and functional than home furniture. It may include features like a sturdy desk, comfortable chairs, and storage space. Commercial office furniture is often less expensive than home furnishings, making it a good option for businesses that need to save money.
Some of the key players operating in the commercial office furniture market are Steelcase, Herman Miller, Haworth, HNI Corporation, Okamura Corporation, Kokuyo, ITOKI, Global Furniture Group, Teknion, Knoll, Kimball, KI, Sedus Stoll, EFG, Bene AG, Martela, Kinnarps Holding, Nowy Styl, Ahrend, Henglin Chair Industry, Flokk, Fursys, Sunon, Uchida Yoko, Changjiang Furniture, USM Modular Furniture.
The commercial office furniture market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Commercial Office Furniture Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Commercial Office Furniture Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Commercial Office Furniture Market - Supply Chain
4.5. Global Commercial Office Furniture Market Forecast
4.5.1. Commercial Office Furniture Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Commercial Office Furniture Market Size (000 Units) and Y-o-Y Growth
4.5.3. Commercial Office Furniture Market Absolute $ Opportunity
5. Global Commercial Office Furniture Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Commercial Office Furniture Market Size and Volume Forecast by Type
5.3.1. Seating
5.3.2. Tables
5.3.3. Casegood
5.3.4. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Commercial Office Furniture Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Commercial Office Furniture Market Size and Volume Forecast by Application
6.3.1. School
6.3.2. Hospital
6.3.3. Hotels
6.3.4. Office Building
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Commercial Office Furniture Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Commercial Office Furniture Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Commercial Office Furniture Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Commercial Office Furniture Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Commercial Office Furniture Demand Share Forecast, 2019-2026
9. North America Commercial Office Furniture Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Commercial Office Furniture Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Commercial Office Furniture Market Size and Volume Forecast by Application
9.4.1. School
9.4.2. Hospital
9.4.3. Hotels
9.4.4. Office Building
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Commercial Office Furniture Market Size and Volume Forecast by Type
9.7.1. Seating
9.7.2. Tables
9.7.3. Casegood
9.7.4. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Commercial Office Furniture Demand Share Forecast, 2019-2026
10. Latin America Commercial Office Furniture Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Commercial Office Furniture Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Commercial Office Furniture Market Size and Volume Forecast by Application
10.4.1. School
10.4.2. Hospital
10.4.3. Hotels
10.4.4. Office Building
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Commercial Office Furniture Market Size and Volume Forecast by Type
10.7.1. Seating
10.7.2. Tables
10.7.3. Casegood
10.7.4. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Commercial Office Furniture Demand Share Forecast, 2019-2026
11. Europe Commercial Office Furniture Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Commercial Office Furniture Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Commercial Office Furniture Market Size and Volume Forecast by Application
11.4.1. School
11.4.2. Hospital
11.4.3. Hotels
11.4.4. Office Building
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Commercial Office Furniture Market Size and Volume Forecast by Type
11.7.1. Seating
11.7.2. Tables
11.7.3. Casegood
11.7.4. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Commercial Office Furniture Demand Share, 2019-2026
12. Asia Pacific Commercial Office Furniture Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Commercial Office Furniture Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Commercial Office Furniture Market Size and Volume Forecast by Application
12.4.1. School
12.4.2. Hospital
12.4.3. Hotels
12.4.4. Office Building
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Commercial Office Furniture Market Size and Volume Forecast by Type
12.7.1. Seating
12.7.2. Tables
12.7.3. Casegood
12.7.4. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Commercial Office Furniture Demand Share, 2019-2026
13. Middle East & Africa Commercial Office Furniture Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Commercial Office Furniture Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Commercial Office Furniture Market Size and Volume Forecast by Application
13.4.1. School
13.4.2. Hospital
13.4.3. Hotels
13.4.4. Office Building
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Commercial Office Furniture Market Size and Volume Forecast by Type
13.7.1. Seating
13.7.2. Tables
13.7.3. Casegood
13.7.4. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Commercial Office Furniture Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Commercial Office Furniture Market: Market Share Analysis
14.2. Commercial Office Furniture Distributors and Customers
14.3. Commercial Office Furniture Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Steelcase
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Herman Miller
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Haworth
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. HNI Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Okamura Corporation
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Kokuyo
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. ITOKI
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Global Furniture Group
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Teknion
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Knoll
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Kimball
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. KI
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. Sedus Stoll
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. EFG
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. Bene AG
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. Martela
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. Kinnarps Holding
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. Nowy Styl
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. Ahrend
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. Henglin Chair Industry
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
