Market Overview:
The global commercial grade furniture 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, rising disposable income, and growing urbanization. In terms of type, the seating segment is expected to hold the largest share in the global commercial grade furniture market during the forecast period. This can be attributed to factors such as changing workplace dynamics and evolving customer preferences for comfortable seating arrangements in offices. In terms of application, the office segment is expected to hold a major share in the global commercial grade furniture market during 2018-2030 owing to an increase in demand from small and medium businesses (SMBs) across regions.
Product Definition:
Commercial grade furniture is furniture that is built to withstand the rigors of a commercial setting. It is often made from more durable materials, such as metal or wood, and can be customized to fit the specific needs of a business. Commercial grade furniture is important for businesses because it can help create a professional image and it is often more reliable than cheaper alternatives.
Seating:
Seating is an important part of any commercial furniture. It provides support to the desk or table and also helps in maintaining a proper posture while working. Seating plays a major role in determining the comfort level of an individual while working for long hours at a stretch, which is why it’s necessary to have good quality seating for use in offices, shops, malls and other such places where people spend most of their time sitting at desks or tables.
Tables:
Tables are used in commercial grade furniture to provide a stable and sturdy platform for the equipment or products. They are available in various sizes, shapes and can be constructed as per the requirements of the user. Commercial grade tables have high weight carrying capacity which makes them suitable for heavy duty use such as restaurant tables, exhibiton stands etc.
Application Insights:
The office application segment led the global commercial grade furniture market and accounted for more than 45.0% share of the total revenue in 2017. The growth is attributed to an increase in demand from various application segments such as showrooms, offices, retail stores and factories. In addition, a significant rise in the number of start-ups has resulted in an increased need for workspaces which is further anticipated to propel product demand over the forecast period.
The hospitality sector emerged as a prominent end-user industry contributing significantly to market growth across different regions globally since 2014 owing to increasing tourism at both domestic and international levels coupled with rising spending power of consumers globally who prefer premium service providers such as 5 star hotels over budget 4 star hotels due to their higher standards that provide better services resulting into increased revenues for hotel owners thus fueling product demand worldwide.
Regional Analysis:
Asia Pacific dominated the global commercial grade furniture market in 2017. The region is expected to witness significant growth over the forecast period owing to increasing demand for office spaces, rising number of hotels and restaurants, and expanding business operations in emerging economies such as China and India. In addition, growing population has led to an increase in residential construction activities which will further drive product demand.
Europe accounted for a major share of revenue share in 2017 on account of high adoption rate of technologically advanced products along with presence of multinational companies that are known for their quality standards. Growing trend towards adopting smart classroom technology is anticipated to boost regional growth over the forecast period. North America also had a significant market share owing to high awareness regarding health & safety issues associated with sub-par quality seating solutions among consumers coupled with stringent government regulations pertaining safety norms at work place which compelled companies operating large scale industries or offices adopt these products first before considering other alternatives such as temporary hiring or relocation etc.
Growth Factors:
- Increasing demand for office space: The commercial grade furniture market is expected to grow as the demand for office space increases. This is due to the growth of the global economy and an increase in the number of businesses.
- Rising disposable income: As disposable incomes rise, businesses will be able to afford more expensive commercial grade furniture. This will lead to increased sales and growth in the market.
- Technological advancements: Commercial grade furniture is becoming increasingly sophisticated, with new features and designs being introduced all the time. This will attract buyers and help drive market growth.
Scope Of The Report
Report Attributes
Report Details
Report Title
Commercial Grade Furniture Market Research Report
By Type
Seating, Tables, Casegood, Others
By Application
Office, Hospitality, Education, Healthcare, Others
By Companies
Quama Furniture Group, Martela, Herman Miller, Knoll, Kimball International, KI, Kinnarps Holding, Haworth, HNI Corporation, Okamura Corporation, Kokuyo, Henglin Chair Industry, Flokk, Fursys, ITOKI, Aurora, USM Modular Furniture, Steelcase, Global Furniture Group, Teknion, Nowy Styl, Ahrend, SUNON, Uchida Yoko, Changjiang Furniture Company, Sedus Stoll, EFG
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
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Commercial Grade Furniture Market Report Segments:
The global Commercial Grade Furniture market is segmented on the basis of:
Types
Seating, Tables, Casegood, 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, Hospitality, Education, Healthcare, Others
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:
- Quama Furniture Group
- Martela
- Herman Miller
- Knoll
- Kimball International
- KI
- Kinnarps Holding
- Haworth
- HNI Corporation
- Okamura Corporation
- Kokuyo
- Henglin Chair Industry
- Flokk
- Fursys
- ITOKI
- Aurora
- USM Modular Furniture
- Steelcase
- Global Furniture Group
- Teknion
- Nowy Styl
- Ahrend
- SUNON
- Uchida Yoko
- Changjiang Furniture Company
- Sedus Stoll
- EFG
Highlights of The Commercial Grade 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
- Others
- By Application:
- Office
- Hospitality
- Education
- Healthcare
- Others
- 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 Grade 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 grade furniture is furniture that is designed to be used in commercial settings, such as offices and restaurants. Commercial grade furniture is typically made from more durable materials than standard furniture, and it may also have features that make it easier to clean.
Some of the major players in the commercial grade furniture market are Quama Furniture Group, Martela, Herman Miller, Knoll, Kimball International, KI, Kinnarps Holding, Haworth, HNI Corporation, Okamura Corporation, Kokuyo, Henglin Chair Industry, Flokk, Fursys, ITOKI, Aurora, USM Modular Furniture, Steelcase, Global Furniture Group, Teknion, Nowy Styl, Ahrend, SUNON, Uchida Yoko, Changjiang Furniture Company, Sedus Stoll, EFG.
The commercial grade furniture market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Commercial Grade Furniture 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 Grade Furniture Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Commercial Grade Furniture 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 Grade Furniture 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 Grade Furniture Market Size & Forecast, 2018-2028
4.5.1 Commercial Grade Furniture Market Size and Y-o-Y Growth
4.5.2 Commercial Grade Furniture Market Absolute $ Opportunity
Chapter 5 Global Commercial Grade Furniture 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 Grade Furniture Market Size Forecast by Type
5.2.1 Seating
5.2.2 Tables
5.2.3 Casegood
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Commercial Grade Furniture 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 Grade Furniture Market Size Forecast by Applications
6.2.1 Office
6.2.2 Hospitality
6.2.3 Education
6.2.4 Healthcare
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Commercial Grade Furniture 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 Grade Furniture 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 Grade Furniture Analysis and Forecast
9.1 Introduction
9.2 North America Commercial Grade Furniture 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 Grade Furniture Market Size Forecast by Type
9.6.1 Seating
9.6.2 Tables
9.6.3 Casegood
9.6.4 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 Grade Furniture Market Size Forecast by Applications
9.10.1 Office
9.10.2 Hospitality
9.10.3 Education
9.10.4 Healthcare
9.10.5 Others
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 Grade Furniture Analysis and Forecast
10.1 Introduction
10.2 Europe Commercial Grade Furniture 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 Grade Furniture Market Size Forecast by Type
10.6.1 Seating
10.6.2 Tables
10.6.3 Casegood
10.6.4 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 Grade Furniture Market Size Forecast by Applications
10.10.1 Office
10.10.2 Hospitality
10.10.3 Education
10.10.4 Healthcare
10.10.5 Others
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 Grade Furniture Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Commercial Grade Furniture 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 Grade Furniture Market Size Forecast by Type
11.6.1 Seating
11.6.2 Tables
11.6.3 Casegood
11.6.4 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 Grade Furniture Market Size Forecast by Applications
11.10.1 Office
11.10.2 Hospitality
11.10.3 Education
11.10.4 Healthcare
11.10.5 Others
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 Grade Furniture Analysis and Forecast
12.1 Introduction
12.2 Latin America Commercial Grade Furniture 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 Grade Furniture Market Size Forecast by Type
12.6.1 Seating
12.6.2 Tables
12.6.3 Casegood
12.6.4 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 Grade Furniture Market Size Forecast by Applications
12.10.1 Office
12.10.2 Hospitality
12.10.3 Education
12.10.4 Healthcare
12.10.5 Others
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 Grade Furniture Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Commercial Grade Furniture 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 Grade Furniture Market Size Forecast by Type
13.6.1 Seating
13.6.2 Tables
13.6.3 Casegood
13.6.4 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 Grade Furniture Market Size Forecast by Applications
13.10.1 Office
13.10.2 Hospitality
13.10.3 Education
13.10.4 Healthcare
13.10.5 Others
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 Grade Furniture Market: Competitive Dashboard
14.2 Global Commercial Grade Furniture Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Quama Furniture Group
14.3.2 Martela
14.3.3 Herman Miller
14.3.4 Knoll
14.3.5 Kimball International
14.3.6 KI
14.3.7 Kinnarps Holding
14.3.8 Haworth
14.3.9 HNI Corporation
14.3.10 Okamura Corporation
14.3.11 Kokuyo
14.3.12 Henglin Chair Industry
14.3.13 Flokk
14.3.14 Fursys
14.3.15 ITOKI
14.3.16 Aurora
14.3.17 USM Modular Furniture
14.3.18 Steelcase
14.3.19 Global Furniture Group
14.3.20 Teknion
14.3.21 Nowy Styl
14.3.22 Ahrend
14.3.23 SUNON
14.3.24 Uchida Yoko
14.3.25 Changjiang Furniture Company
14.3.26 Sedus Stoll
14.3.27 EFG
