Market Overview:
The global commercial furniture retail market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for office furniture, especially in developing countries such as China and India, owing to the rise in population and growing economy. In addition, the increasing demand for hotel and restaurant furniture is also propelling the growth of this market. On the basis of type, desks & tables accounted for a major share of the global commercial furniture retail market in 2017. This segment is projected to grow at a CAGR of 5.8% during 2018-2030 due to its growing popularity among consumers across different regions.
Product Definition:
Commercial furniture retail is the sale of furniture to businesses, such as office buildings, schools, and hospitals. Commercial furniture is designed to be more durable and functional than residential furniture. It is also typically less expensive. The importance of commercial furniture retail is that it provides businesses with a way to furnish their spaces without having to purchase individual pieces of furniture. This can save them time and money, as well as provide them with a more uniform look for their offices or other spaces.
Desks & Tables:
Desks & tables are used in offices, colleges, schools and other commercial places for doing work. The growth of the global Desks & tables market is directly proportional to the rise in demand for office furniture.
The global market has been witnessing a change over the last five years with respect to its dynamics and trends.
Office Sofa:
An office sofa is a piece of furniture designed for use by a single person or two people sitting side by side to watch television, read the newspaper or work on the laptop. The modern-day equivalent of an office sofa is a sofabed which can be used as an alternative to sleeping in hotels and guest houses.
The growing trend among consumers towards purchasing furniture that serves multiple purposes has been one of the major factors driving demand for this product over recent years.
Application Insights:
The office application segment led the global commercial furniture retail market and accounted for more than 45.0% share of the total revenue in 2017. The demand for chairs, tables, and partitions is significantly high in the office sector as it provides a feeling of comfort to employees while working on their respective computers or laptops. Furthermore, an increase in the number of start-ups has resulted in an increased need for comfortable seating arrangements at work stations to foster productivity.
The hotel and restaurant application segment is anticipated to expand at a CAGR of XX% from 2018 to 2030 owing to rising investments by multinational hospitality companies such as Marriott International Inc., Hilton Worldwide Holdings Inc., Taj Group India Pvt Ltd., WNS (Holdings) Ltd., Hyatt Hotels Corporation among others that are focused on providing premium services along with excellent facilities within hotels/restaurants thereby driving demand for chairs, tables, partitions & screens etcetera over the forecast period.
Regional Analysis:
Asia Pacific dominated the global commercial furniture retail market in 2017. The region is expected to continue its dominance over the forecast period as well, owing to increasing number of offices and working places, growing middle-class population along with rapid urbanization and development. Furthermore, rising disposable income coupled with expanding hospitality sector will drive demand further.
Europe accounted for a significant share of revenue in 2017 due to high concentration of multinational companies such as Siemens AG, Allianz SE and Adidas A.G., among others that are based there; hence it has a higher requirement for office spaces than other regions do. Moreover, hotels are also expanding their operations due to increasing tourism activities across Europe; this scenario is anticipated to positively impact regional growth over the forecast period as well.
The North American market was valued at USD X billion in 2017 and is expected to witness steady growth rate during the forecast years on account of rising number of small & medium enterprises (SMEs).
Growth Factors:
- Increasing demand for office furniture from small and medium-sized businesses (SMBs) due to the growth of these businesses.
- Rapid urbanization and the consequent increase in demand for office space, which is driving the market for commercial furniture.
- The increasing trend of working from home is also contributing to the growth of this market as people are increasingly investing in home office furniture setups.
- Rising disposable incomes are enabling consumers to spend more on high-quality commercial furniture products.
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Furniture Retail Market Research Report
By Type
Desks & Tables, Office Sofa, File Cabinets, Partitioning & Screens, Others
By Application
Office, Hotel and Restaurant, School and Education, Other
By Companies
Wayfair, Home Depot, Crate & Barrel, IKEA, Furniture Village, Barker & Stonehouse, Furniture Today, Luonto Furniture, Williams-Sonoma, Star Furniture Company
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
182
Number of Tables & Figures
128
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Furniture Retail Market Report Segments:
The global Commercial Furniture Retail market is segmented on the basis of:
Types
Desks & Tables, Office Sofa, File Cabinets, Partitioning & Screens, Others
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
Office, Hotel and Restaurant, School and Education, 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:
- Wayfair
- Home Depot
- Crate & Barrel
- IKEA
- Furniture Village
- Barker & Stonehouse
- Furniture Today
- Luonto Furniture
- Williams-Sonoma
- Star Furniture Company
Highlights of The Commercial Furniture Retail 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:
- Desks & Tables
- Office Sofa
- File Cabinets
- Partitioning & Screens
- Others
- By Application:
- Office
- Hotel and Restaurant
- School and Education
- 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 Furniture Retail 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 furniture retail is the sale of furniture to businesses and other commercial establishments.
Some of the major companies in the commercial furniture retail market are Wayfair, Home Depot, Crate & Barrel, IKEA, Furniture Village, Barker & Stonehouse, Furniture Today, Luonto Furniture, Williams-Sonoma, Star Furniture Company.
The commercial furniture retail market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Furniture Retail Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Commercial Furniture Retail Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Furniture Retail Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Commercial Furniture Retail Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Commercial Furniture Retail Market Size & Forecast, 2018-2028
4.5.1 Commercial Furniture Retail Market Size and Y-o-Y Growth
4.5.2 Commercial Furniture Retail Market Absolute $ Opportunity
Chapter 5 Global Commercial Furniture Retail Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Commercial Furniture Retail Market Size Forecast by Type
5.2.1 Desks & Tables
5.2.2 Office Sofa
5.2.3 File Cabinets
5.2.4 Partitioning & Screens
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Commercial Furniture Retail Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Commercial Furniture Retail Market Size Forecast by Applications
6.2.1 Office
6.2.2 Hotel and Restaurant
6.2.3 School and Education
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Furniture Retail Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Commercial Furniture Retail Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Commercial Furniture Retail Analysis and Forecast
9.1 Introduction
9.2 North America Commercial Furniture Retail Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Commercial Furniture Retail Market Size Forecast by Type
9.6.1 Desks & Tables
9.6.2 Office Sofa
9.6.3 File Cabinets
9.6.4 Partitioning & Screens
9.6.5 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Commercial Furniture Retail Market Size Forecast by Applications
9.10.1 Office
9.10.2 Hotel and Restaurant
9.10.3 School and Education
9.10.4 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Commercial Furniture Retail Analysis and Forecast
10.1 Introduction
10.2 Europe Commercial Furniture Retail Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Commercial Furniture Retail Market Size Forecast by Type
10.6.1 Desks & Tables
10.6.2 Office Sofa
10.6.3 File Cabinets
10.6.4 Partitioning & Screens
10.6.5 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Commercial Furniture Retail Market Size Forecast by Applications
10.10.1 Office
10.10.2 Hotel and Restaurant
10.10.3 School and Education
10.10.4 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Commercial Furniture Retail Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Commercial Furniture Retail Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Commercial Furniture Retail Market Size Forecast by Type
11.6.1 Desks & Tables
11.6.2 Office Sofa
11.6.3 File Cabinets
11.6.4 Partitioning & Screens
11.6.5 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Commercial Furniture Retail Market Size Forecast by Applications
11.10.1 Office
11.10.2 Hotel and Restaurant
11.10.3 School and Education
11.10.4 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Commercial Furniture Retail Analysis and Forecast
12.1 Introduction
12.2 Latin America Commercial Furniture Retail Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Commercial Furniture Retail Market Size Forecast by Type
12.6.1 Desks & Tables
12.6.2 Office Sofa
12.6.3 File Cabinets
12.6.4 Partitioning & Screens
12.6.5 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Commercial Furniture Retail Market Size Forecast by Applications
12.10.1 Office
12.10.2 Hotel and Restaurant
12.10.3 School and Education
12.10.4 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Commercial Furniture Retail Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Commercial Furniture Retail Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Commercial Furniture Retail Market Size Forecast by Type
13.6.1 Desks & Tables
13.6.2 Office Sofa
13.6.3 File Cabinets
13.6.4 Partitioning & Screens
13.6.5 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Commercial Furniture Retail Market Size Forecast by Applications
13.10.1 Office
13.10.2 Hotel and Restaurant
13.10.3 School and Education
13.10.4 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Commercial Furniture Retail Market: Competitive Dashboard
14.2 Global Commercial Furniture Retail Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Wayfair
14.3.2 Home Depot
14.3.3 Crate & Barrel
14.3.4 IKEA
14.3.5 Furniture Village
14.3.6 Barker & Stonehouse
14.3.7 Furniture Today
14.3.8 Luonto Furniture
14.3.9 Williams-Sonoma
14.3.10 Star Furniture Company
