Global Commercial Furniture Market, By Type (Seating, Storage, Desks & Tables, Workstation, Beds, Others), By End Use (Office, Education, HoReCa, Healthcare, Others), By Distribution Channel (Offline, In line), by region and Opportunities, 2017-2027
New York, April 14, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Commercial Furniture Market, By Type, By End-Use, By Distribution Channel, By Region, and Opportunities, 2017-2027” – https://www.reportlinker.com/p06267886/?utm_source=GNW
The global commercial furniture market is expected to grow at a significant rate during the forecast period. The growth can be attributed to increasing commercial activities globally in hospitals, schools, colleges and increasing number of market players providing comfortable commercial furniture in unique designs. , colors and models to meet the growing needs of the population.
Companies are increasingly investing in commercial furniture products to enhance the aesthetics of their property and provide ergonomic seating for visitors, which is expected to fuel the growth of the global commercial furniture market in the coming years. The growing number of corporate offices, commercial areas, and computer parks in developing countries are driving the demand for commercial furniture.
Additionally, organizations are investing heavily in quality commercial furniture products to increase employee productivity, fuel social interaction, and create a comfortable office environment. Advancements in technology to develop smart furniture products and growing demand for smart work furniture are also contributing to the growth of the global commercial furniture market.
Rising investments to replace existing furniture with advanced furniture and growing adoption of sedentary lifestyles creating a need for furniture that promotes better posture is accelerating the growth of the global commercial furniture market. Growing tourism activities across the globe are creating a high demand for commercial furniture in hotels, restaurants, cafes and pubs, which is expected to boost the demand for commercial furniture in the coming years. Additionally, online sales channels are offering lucrative discounts and deals to consumers along with the convenience of fast door-to-door delivery, which is expected to drive the global commercial furniture market.
The global commercial furniture market is segmented by type, end-use, distribution channel, regional distribution and competition landscape. Based on the region, Asia-Pacific is expected to hold the largest share in the global commercial furniture market during the forecast period.
Many key players in the commercial furniture market are entering into collaborations with e-commerce retail stores and strengthening distribution networks due to the exponential increase in commercial properties and employment in the service sector.
The major players operating in the global commercial furniture market are Okamura Corporation, HNI Corporation, Herman Miller Inc., Haworth Inc., Global Furniture Group, Steelcase Inc., Knoll Inc., Kimball International, 9to5 Seating, KOKUYO Co. Ltd, etc
Years considered for this report:
Historical years: 2017-2020
Base year: 2021
Estimated year: 2022
Forecast period: 2023-2027
Goal of the study:
• To analyze historical market size growth of the global Commercial Furniture market from 2017 to 2021.
• Estimate and forecast the global Commercial Furniture market size from 2022 to 2027 and the growth rate till 2027.
• To classify and forecast the global Commercial Furniture Market based on product type, application, fuel type, region and competitive landscape.
• To identify the dominant region or segment in the global commercial furniture market.
• To identify drivers and challenges for the global commercial furniture market.
• Examine competitive developments such as expansions, new product launches, mergers and acquisitions, etc., in the global commercial furniture market.
• Identify and analyze the profile of key players operating in the global commercial furniture market.
• Identify the key sustainable strategies adopted by market players in the global commercial furniture market.
In this report, the global commercial furniture market has been segmented into the following categories, in addition to industry trends which have also been detailed below:
• Commercial furniture market, by type:
o Desks & Tables
o Work station
• Commercial furniture market, by end use:
• Commercial furniture market, by distribution channel:
• Commercial furniture market, by region:
o North America
o Middle East and Africa
United Arab Emirates
o South America
The analyst conducted extensive primary and secondary research for this study. Initially, the analyst sourced a list of manufacturers across the country.
Subsequently, the analyst conducted primary research surveys with the identified companies. During the interviews, the respondents were also asked about their competitors.
Using this technique, the analyst could include manufacturers that could not be identified due to secondary research limitations. The analyst looked at the manufacturers, distribution channels and presence of all major players across the country.
The analyst has calculated the global commercial furniture market size using a bottom-up approach, in which data of various end-user segments has been recorded and forecasted for the coming years. The analyst obtained these values from industry experts and company representatives and validated them externally by analyzing historical data for these types of products to derive an appropriate overall market size.
Various secondary sources such as company websites, news articles, press releases, company annual reports, investor presentations and financial reports were also studied by the analyst.
Key target audience:
• furniture manufacturers
• End users
• Government bodies such as regulators and policy makers
• Organizations, industry associations, forums and alliances related to the global commercial furniture market
The study is helpful in providing answers to several critical questions that are important for industry stakeholders such as manufacturers, partners, end users, etc. in addition to allowing them to develop investment strategies and capitalize on market opportunities.
Company Profiles: Detailed analysis of the major companies present in the global commercial furniture market.
With the given market data, we offer customizations based on the specific needs of a business. The following customization options are available for the report:
• Detailed analysis and profiling of other market players (up to five).
Read the full report: https://www.reportlinker.com/p06267886/?utm_source=GNW
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