The global office furniture market is anticipated to grow at a considerable CAGR of 4.9% during the forecast period. The growth of the office furniture market is primarily attributed to the increasing demand for office furniture to create a supportive workplace owing to the growing business activities across sectors and the development of commercial workplaces. Based on data from the US Census Bureau’s Business Formation Statistics, nearly 5.4 million applications were filed to form new businesses in 2021. There were roughly 1.9 million more business applications in 2021, a 53% increase from 2019. The top five most significant percentage increases were in transportation and warehousing; retail trade; accommodation and food services; administrative and support; and other services (a general category including activities such as personal care services and laundry services).
Browse the full report description of “Office Furniture Market Size, Share & Trends Analysis Report by Product Type (Seating, Modular Systems, Desks & Tables, and Others), and by Distribution Channel (Offline and Online) Forecast Period (2022-2028)” at https://www.omrglobal.com/industry-reports/office-furniture-market
However, the growing work-from-home culture is anticipated to restrain the growth of the market and is creating a new opportunity for players to come up with new and advanced solutions to provide sustainable furniture variants with additional features to minimize occupying space in-home setup and uplift workforce engagement to promote colleague social interaction. For instance, in November 2020, Ori, the provider of multifunctional, robotic-powered space-saving solutions, debuted a brand-new product, Pocket Office, a transformable home office space solution. The Pocket Office allows users to transform any room into a dedicated workspace with a button. Featuring an entertainment center on the outside, the Pocket Office opens to reveal a natural, textured workstation that evokes comfort, sophistication, and warmth. Designed with maximum productivity and flexibility in mind, the interior boasts two desk options – one for standing and one for sitting – as well as storage and power sources, and room for a standard-size office chair and extra monitors. When a user is finished with work for the day, the Pocket Office closes, transforming into a thin entertainment center, allowing users to create mental and emotional separation from the day’s work.
Market Coverage
• The market number available for – 2021-2028
• Base year- 2021
• Forecast period- 2022-2028
• Segment Covered-
o By Product Type
o By Distribution Channel
• Regions Covered-
o North America
o Europe
o Asia-Pacific
o Rest of the World
• Competitive Landscape- including Okamura Corp., HNI Corp., Herman Miller Inc., Haworth Inc., Global Furniture Group, and Steelcase Inc., and others.
Key questions addressed by the report
• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?
Global Office Furniture Market Report Segment
By Product Type
By Distribution Channel
Global Office Furniture Market Report Segment by Region
North America
• United States
• Canada
Europe
• UK
• Germany
• Italy
• Spain
• France
• Rest of Europe
Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
Rest of the World
• Latin America
• Middle East & Africa
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