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Global Office Furniture Industry Overview 2023:
Office furniture refers to various objects, such as desks, chairs, tables, storage cabinets, etc., used in commercial and corporate places to meet the requirements of the employees and improve the overall aesthetic appearance of the place. They are mostly manufactured utilizing durable raw materials, including glass, plastics, wood, iron, and marble. Office furniture products are installed in meeting rooms, cafeterias, individual workstations, and lounges.
They help to make the office environment comfortable and aid in enhancing the work efficiency of employees, protecting documents and electronics from theft, dust, fire, and pests. Consequently, office furniture items find widespread applications across numerous sectors, such as information technology (IT), healthcare, education, commercial, government, etc.
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Global Office Furniture Industry Driving Factors and Future Demand Analysis:
The expanding global working population and the rising construction of information technology (IT) parks and commercial zones are primarily driving office furniture companies. Additionally, the elevating renovation, modification, and remodeling of office spaces are also positively influencing market growth. Besides this, the growing number of start-ups and the emerging trend among several public and private organizations on creating informal office spaces for promoting colleague-social interaction and providing a collaborative environment are acting as significant growth-inducing factors.
Moreover, the shifting preferences toward sustainable furniture variants with additional features for minimizing occupying space and uplifting workforce engagement are further stimulating the global market. Apart from this, the increasing cases of health diseases, owing to incorrect postures for a long time and the inflating investments in research and development (R&D) to innovate smart and portable types of furniture that offer improved support and convenience are expected to propel the office furniture companies over the forecasted period.
By IMARC Group, the Top 12 Office Furniture Companies in the World 2023:
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Office Furniture Manufacturing in the US
Total value and annual change from . Includes 5-year outlook.
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Market size is projected to over the next five years.
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Market share concentration for the Office Furniture Manufacturing industry in the US is , which means the top four companies generate of industry revenue.
The average concentration in the sector in the United States is .
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Office Furniture Manufacturing in the US
Industry revenue broken down by key product and services lines.
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Including values and annual change:
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The market size of the Office Furniture Manufacturing industry in the US is measured at in .
Over the next five years, the Office Furniture Manufacturing in the US market is expected to . See purchase options to view the full report and get access to IBISWorld's forecast for the Office Furniture Manufacturing in the US from up to .
Key drivers of the Office Furniture Manufacturing in the US market include .
The Office Furniture Manufacturing in the US market offers products and services including .
Top companies in the Office Furniture Manufacturing industry in the US, based on the revenue generated within the industry, includes .
The Office Furniture Manufacturing industry in the US has employees in United States in .
Market share concentration is for the Office Furniture Manufacturing industry in the US, with the top four companies generating of market revenue in United States in . The level of competition is overall, but is highest among smaller industry players.
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