Global Commercial Furniture Market, By Type (Seating, Storage, Desks & Tables, Workstation, Beds, Others), By End Use (Office, Education, HoReCa, Health, Others), By Distribution Channel (Offline, Online), 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 the increasing commercial activities around the world in hospitals, schools, colleges and the rise in market players providing comfortable commercial furniture in unique designs, colors, and models to accommodate the growing needs of the population.
Businesses are increasingly investing in commercial furniture products to enhance the aesthetics of their property and offer ergonomic seating facilities to visitors, which is expected to fuel the growth of the global commercial furniture market in the coming years.The rising number of corporate offices, commercial zones, and IT parks in developing countries is boosting the demand for commercial furniture.
Besides, organizations are heavily investing in quality commercial furniture products to increase the employees’ productivity, fuel social interaction, and build a comfortable office environment.Technological advancements to develop intelligent furniture products and surging demand for smart workplace furniture are also contributing to the growth of the global commercial furniture market.
Rising investments to replace the existing furniture with advanced ones and increasing adoption of sedentary lifestyles creating a need for furniture supporting better posture are 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, cafés, and pubs, which is anticipated to drive the demand for commercial furniture in the coming years. Furthermore, online sales channels are offering lucrative discounts and offers to consumers while providing them the convenience of quick doorstep delivery, which is expected to boost 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 region, the Asia-Pacific region 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 collaborations with e-commerce retail stores and strengthening distribution networks due to the exponential rise in commercial properties and employment in the service sector.
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
Objective of the Study:
• To analyze the historical growth in the market size of global commercial furniture market from 2017 to 2021.
• To estimate and forecast the market size of global commercial furniture market from 2022 to 2027 and growth rate until 2027.
• To classify and forecast global commercial furniture market based on product type, application, fuel type, region, and competitive landscape.
• To identify dominant region or segment in the global commercial furniture market.
• To identify drivers and challenges for global commercial furniture market.
• To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in global commercial furniture market.
• To identify and analyze the profile of leading players operating in global commercial furniture market.
• To identify key sustainable strategies adopted by market players in global commercial furniture market.
In this report, global commercial furniture market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
• Commercial Furniture Market, By Type:
o Desks & Tables
• Commercial Furniture Market, By End Use:
• Commercial Furniture Market, By Distribution Channel:
• Commercial Furniture Market, By Region:
o North America
o Middle East & Africa
o South America
The analyst performed both primary as well as exhaustive 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.While interviewing, the respondents were also enquired about their competitors.
Through this technique, the analyst could include the manufacturers who could not be identified due to the limitations of secondary research. The analyst examined the manufacturers, distribution channels and presence of all major players across the country.
The analyst calculated the market size of global commercial furniture market using a bottom-up approach, wherein data for various end-user segments was recorded and forecast for the future years. The analyst sourced these values from the industry experts and company representatives and externally validated through analyzing historical data of these product types for getting 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
• Government bodies such as regulating authorities and policy makers
• Organizations, industry associations, forums and alliances related to global commercial furniture market
The study is useful in providing answers to several critical questions that are important for the industry stakeholders such as manufacturers, partners, end users, etc. besides allowing them in strategizing investments and capitalizing on market opportunities.
Company Profiles: Detailed analysis of the major companies present in global commercial furniture market.
With the given market data, we offers customizations according to a company’s specific needs. The following customization options are available for the report:
• Detailed analysis and profiling of additional market players (up to five).
Read the full report: https://www.reportlinker.com/p06267886/?utm_source=GNW
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