Market Overview:
The global institutional and office 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 and institutional furniture from schools, libraries, churches, theaters, and other end-users. Additionally, the growing awareness about ergonomics is also propelling the demand for institutional and office furniture across the globe. The metal segment is expected to dominate the global institutional and office furniture market in terms of revenue during the forecast period. This can be attributed to its properties such as durability, strength, corrosion resistance, etc., which make it suitable for use in various applications such as schools, libraries,, churches,, theaters,, etc.
Product Definition:
Furniture that is typically used in an office or other institutional setting. This type of furniture is often designed to be functional and utilitarian, rather than decorative. Office furniture can include desks, chairs, file cabinets, and other pieces that are needed to run a business or organization.
Metal:
Metal is a material that has been used for making furniture since the Neolithic period. The growth of metal furniture in history is linked to the development of various cultures and their expansion across the world. Initially, metals such as gold and silver were used; however, with technological developments these days steel & iron are widely preferred owing to their durability and strength.
Wood:
Wood is one of the most commonly used materials for making furniture. It can be classified as to whether it is hard or soft, and whether it comes from a tree or not. Wood can be used in many ways; however, its primary function is to provide support for people and things.
Application Insights:
The schools application segment accounted for the largest share of over 40.0% in 2017. The growth can be attributed to the increasing number of primary and secondary schools across the globe, which is expected to drive demand for furniture in school applications over the forecast period.
Theaters application segment is expected to witness significant growth at a CAGR of XX% from 2018 to 2030 owing to an increase in film production and screening activities across various theaters globally, which has resulted in increased demand for theater seats and other Institutional & Office Furniture (IOF). Moreover, IOFs such as chairs are being used on stage during performances by actors or actresses who sit on them during shows thus driving product demand further.
Other applications include healthcare institutions, corporate offices etc., wherein IOFs are used by architects designing these spaces as they provide aesthetics along with functionality required by modern office workers within limited budgets available for furnishing such spaces.
Regional Analysis:
Asia Pacific dominated the global market in 2017. The region is expected to maintain its position through 2030. This can be attributed to increasing awareness among people about the importance of a proper education, growing population, and rising disposable income especially in developing countries such as China and India. Moreover, government initiatives encouraging people to use libraries are expected to drive demand over the forecast period.
Europe accounted for more than 25% share of global revenue in 2017 owing to high acceptance of modern office furniture solutions by businesses due to increased efficiency and productivity resulting from organized work environment along with technological advancements including internet access at workplace which has resulted into higher adoption rate across small & medium enterprises (SMEs). Furthermore, presence of well-established educational institutes coupled with high number students pursuing undergraduate degree is also driving demand for study tables & chairs across European countries such as Germany, U.K., France etc.
Growth Factors:
- Increasing demand for office space: The global demand for office space is increasing rapidly, due to the rise in the number of businesses and the expansion of existing businesses. This is leading to an increase in the demand for office furniture.
- Growing trend of co-working spaces: Co-working spaces are becoming increasingly popular, as they offer a more flexible and affordable option than traditional offices. This is leading to an increase in the demand for office furniture that can be used in co-working spaces.
- Rise in number of start-ups: The number of start-ups is increasing rapidly, due to factors such as technological advancements and globalization. This is leading to an increase in the demand for Institutional Furniture, as start-ups require furniture that is stylish yet functional and affordable.
Scope Of The Report
Report Attributes
Report Details
Report Title
Institutional and Office Furniture Market Research Report
By Type
Metal, Wood, Others
By Application
Schools, Libraries, Churches, Theaters, Others
By Companies
IKEA, Herman Miller, HNI, Okamura, Knoll
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
124
Number of Tables & Figures
87
Customization Available
Yes, the report can be customized as per your need.
Global Institutional and Office Furniture Market Report Segments:
The global Institutional and Office Furniture market is segmented on the basis of:
Types
Metal, Wood, 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
Schools, Libraries, Churches, Theaters, 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:
- IKEA
- Herman Miller
- HNI
- Okamura
- Knoll
Highlights of The Institutional and 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:
- Metal
- Wood
- Others
- By Application:
- Schools
- Libraries
- Churches
- Theaters
- 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 Institutional and 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?
Institutional furniture is typically used in institutional settings such as schools, hospitals, and prisons. Office furniture is typically used in offices and other professional environments.
Some of the major players in the institutional and office furniture market are IKEA, Herman Miller, HNI, Okamura, Knoll.
The institutional and office 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 Institutional and Office 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 Institutional and Office Furniture Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Institutional and Office 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 Institutional and Office 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 Institutional and Office Furniture Market Size & Forecast, 2018-2028
4.5.1 Institutional and Office Furniture Market Size and Y-o-Y Growth
4.5.2 Institutional and Office Furniture Market Absolute $ Opportunity
Chapter 5 Global Institutional and Office 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 Institutional and Office Furniture Market Size Forecast by Type
5.2.1 Metal
5.2.2 Wood
5.2.3 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Institutional and Office 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 Institutional and Office Furniture Market Size Forecast by Applications
6.2.1 Schools
6.2.2 Libraries
6.2.3 Churches
6.2.4 Theaters
6.2.5 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Institutional and Office 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 Institutional and Office 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 Institutional and Office Furniture Analysis and Forecast
9.1 Introduction
9.2 North America Institutional and Office 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 Institutional and Office Furniture Market Size Forecast by Type
9.6.1 Metal
9.6.2 Wood
9.6.3 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 Institutional and Office Furniture Market Size Forecast by Applications
9.10.1 Schools
9.10.2 Libraries
9.10.3 Churches
9.10.4 Theaters
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 Institutional and Office Furniture Analysis and Forecast
10.1 Introduction
10.2 Europe Institutional and Office 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 Institutional and Office Furniture Market Size Forecast by Type
10.6.1 Metal
10.6.2 Wood
10.6.3 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 Institutional and Office Furniture Market Size Forecast by Applications
10.10.1 Schools
10.10.2 Libraries
10.10.3 Churches
10.10.4 Theaters
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 Institutional and Office Furniture Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Institutional and Office 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 Institutional and Office Furniture Market Size Forecast by Type
11.6.1 Metal
11.6.2 Wood
11.6.3 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 Institutional and Office Furniture Market Size Forecast by Applications
11.10.1 Schools
11.10.2 Libraries
11.10.3 Churches
11.10.4 Theaters
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 Institutional and Office Furniture Analysis and Forecast
12.1 Introduction
12.2 Latin America Institutional and Office 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 Institutional and Office Furniture Market Size Forecast by Type
12.6.1 Metal
12.6.2 Wood
12.6.3 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 Institutional and Office Furniture Market Size Forecast by Applications
12.10.1 Schools
12.10.2 Libraries
12.10.3 Churches
12.10.4 Theaters
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) Institutional and Office Furniture Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Institutional and Office 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) Institutional and Office Furniture Market Size Forecast by Type
13.6.1 Metal
13.6.2 Wood
13.6.3 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) Institutional and Office Furniture Market Size Forecast by Applications
13.10.1 Schools
13.10.2 Libraries
13.10.3 Churches
13.10.4 Theaters
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 Institutional and Office Furniture Market: Competitive Dashboard
14.2 Global Institutional and Office Furniture Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 IKEA
14.3.2 Herman Miller
14.3.3 HNI
14.3.4 Okamura
14.3.5 Knoll
