The global office furniture market is likely to be valued at ~ US$ 47 Billion by the end of 2019.
As per latest trends, large corporates and enterprises are making vigorous investments in furnishing and developing peripheries of office spaces so as to provide productive and comfortable environment to employees. It is interesting to know that manufacturers are focused towards the designing of office furniture which curtails stress and offers superior comfort. The worldwide market for office furniture has been carefully scrutinized by Fact.MR to present detailed market insights. This recently published assessment is titled “Office Furniture Market Forecast, Trend Analysis & Competition Tracking – Global Market Insights 2019 to 2029”, which covers prime facets including global market outlook, market taxonomy along with market background comprising of GDP growth outlook, forecast scenario, Porter’s Five Forces analysis, PESTLE analysis and market dynamics.
According to report specifics, Booming IT (Information technology) sector is making way for substantial opportunities for the global office furniture market. Furthermore, amplified focus on work aesthetics is proving effective in creating enormous growth for the target market. Several players have put additional emphasis on designing and developing products with varying customer preference, for example, the introduction of RTA (Ready to Assemble) furniture has received higher traction from consumers due to better convenience and usage benefits.
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Infrastructural Revolution to Motivate Sales of Office Furniture
There is a substantial infrastructural alteration underway with industrialization and economic development taking solid ground in the emerging market. At present, offices and industrial structures are marked as crucial real estate assets since they offer extensive income and development opportunities to investors. Furthermore, advancements across the private sector has led to growing count of office infrastructure, especially in MSMEs. All such actions are supporting the deployment of progressive office furniture, which is trending at a large scale covering a major section of the global infrastructural space.
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Growing Application of Cost-Effective, Innovative Furniture
Quite recently, the outburst of design innovation across the furniture sector has influenced the introduction of several innovative products that have received considerable attention from consumers. With a greater focus towards modern infrastructure, consumers are in search for aesthetic beauty that can be accessed under an affordable price. Hence, to obey such demand, manufacturers have started to launch products comprising distinct designs. Interestingly, the availability of quick and easy-to- fold, multifunctional office furniture are in great demand across the overall office furniture market. Giving strong significance to such consumer preferences, the office furniture sector is expected to exhibit higher growth opportunities in the coming years.
This assessment is a comprehensive data source that further highlights the competition dashboard related to the global office furniture market. This section of the report talks about the diverse market leaders who have been contributing immensely towards the advancement of the target market. Inaba Seisakusho Co. Ltd., Herman Miller Inc., Steelcase Inc., Itoki Corp., Knoll Inc., HNI Corporation, Kokuyo Co. Ltd., Fursys inc., Inter IKEA Systems B.V., Uchida Yoko Global Ltd., and Okamura Corp., are some of the prime manufacturers that have been diligently examined in this report.
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