The office furniture is gaining traction with the emergence of small offices and startups across the globe. Large and medium enterprises are investing in interiors for improving the aesthetic appeal as well as comfort for employees. Globalization and industrialization in the developing countries are further expanding the demand for office furniture in the market.
The office furniture market is anticipated to grow in the forecast period owing to driving factors such as a rise in the number of startups and home offices, coupled with increasing per capita income of individuals. Moreover, favorable government policies for -startups are another factor promoting the growth of the office furniture market. Fluctuations in raw material prices may negatively affect market growth. On the other hand, the popularity of smart offices with sensors equipped is widely gaining momentum, creating a host of opportunities for the market players in the coming years.
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The global office furniture market is segmented on the basis of product and material type. Based on product, the market is segmented as desks and chairs, closets and cabinets, sofas and customized seating arrangements, dining furniture, and others. On the basis of the material type, the market is segmented as wood, metal, glass, and others.
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global office furniture market based on various segments. It also provides market size and forecast estimates from the year 2017 to 2027 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The office furniture market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
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The report analyzes factors affecting office furniture market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period, i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South & Central America after evaluating political, economic, social and technological factors affecting the office furniture market in these regions.