Acknowledging the kind of traction gained by this market, recently published a study report by industry data analytics asserts the global size is projected to accrue voluminously by 2027 registering a phenomenal CAGR of 8.4% during the review period (2020 to 2027)
Commercial Furniture Market Overview
Furniture is an integral part and is used in several spaces like spa, restaurants, bedroom, library, stores, laboratories, clean room, outdoor, parks and more. Furniture are movable commodities such as beds, cupboards, shelves, tables, chairs and more. Furniture does offer several offerings such seating, dining, sleeping, storage and more. Furniture designs can be altered through handcrafting and machine-based processes, depending upon the end-use. An increase in the number of small-sized homes has encouraged multi-purpose furniture which can be used for extra storage.
Customers progressively started switching to the e-commerce channels for their business needs, which helps to reduce the number of times they need to visit the physical retail stores to compare their desired products and prices. Nowadays, many vendors are also adapting to online retail strategies to cut down costs and increase their profit margins. Online furniture stores help to reduce the need for rental space and inventory. Some of the leading online retailers for office furniture are Amazon.com and Wayfair.
Recent Developments:
2022.04.28: SUNON Cooling Solutions Make Automotive Charging Stations Prosper
The SUNON team is a thermal expert when it comes to custom designing a total solution for EV charging station systems, including uniformly conducting concentrated heat and rapidly decreasing system temperature
05/24/2018: Global Furniture Group to Launch a New CET Designer Extension at NeoCon
Configura, maker of CET Designer software, and Global Furniture Group will release a CET Designer Extension at NeoCon this June in Chicago
Who are the Major Players in Commercial Furniture Market?
Top Key Players in the Commercial Furniture Market have been identified through secondary research, and their market shares have been determined through primary and secondary research.The companies referred in the market research report include Steelcase, Herman Miller, Haworth, HNI Corporation, Okamura Corporation, Kokuyo, ITOKI, Global Furniture Group, Teknion, Knoll, Kimball International, KI, Kinnarps Holding, Nowy Styl, Ahrend, Henglin Chair Industry, Flokk, Fursys, SUNON, Uchida Yoko, Changjiang Furniture Company, Sedus Stoll, EFG, Aurora, Bene AG, Quama, Martela, USM Modular Furniture and others.
What are the major Applications, Types and Regions for Commercial Furniture Market?
By Type, Commercial Furniture Market has been segmented into
- Seating
- Tables
- Casegood
- Other
By Distribution Channel, Commercial Furniture Market has been segmented into
- Supermarkets & Hypermarkets
- Specialty Stores
- E-Commerce
- Others
By Application, Commercial Furniture Market has been segmented into
- Office
- Hospitality
- Education
- Healthcare
- Other
Commercial Furniture Market Regional Analysis:
Regionally, Asia-Pacific is the largest growing region in the global office furniture market. Followed by
Asia-Pacific China, Japan, Australia, and India are also top leading countries in the region. Many key players in the office furniture market are entering partnerships with e-commerce retail stores to strengthen their distribution network. The demand for office furniture increased with an exponential rise in commercial properties and employments in the service sector.
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Rest of the World
- Middle East & Africa
- Latin America
What is our Commercial Furniture Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2028 CAGR
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CAGR of 8.4% during the review period (2022 to 2027).
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By Type
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- Seating
- Tables
- Case good
- Other
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By Application
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- Office
- Hospitality
- Education
- Healthcare
- Other
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By Companies
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ABB, FANUC, KUKA, Kawasaki, Yaskawa, Staubli, Universal Robots, DENSO, Omron Adept Technologies, SIASUN and others.
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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138
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Commercial Furniture Report
- Evaluate Commercial Furniture market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level - for product types, end-use applications, and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges, and hidden opportunities.
- Get in-depth insights on your competitor's performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Commercial Furniture market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than top 20 countries globally for the market.
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with the purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
Frequently Asked Question -
What was the size of the global Commercial Furniture Market in 2020?
The global Commercial Furniture Market was valued at US$ 58.4 Billion in 2020.
What is the size of Asia Pacific furniture industry?
APAC furniture market had touched USD 270 billion value in 2020 and will expand due to improved inhabited demand, spending on building smart cities and obtainability of low-cost staff.
Which segment accounted for the largest U.S. Commercial Furniture Market share?
Seating occupied the U.S. Commercial Furniture Market with a share of 27.5% in 2021. This is attributable to the growth in profitable and office building and remodelling activities.
Who are the key players in the Commercial Furniture Market?
Furniture Market include Herman Miller, HNI Corporation, Steelcase, Haworth, Teknion Corporation, and others.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
