Global Contract Furniture and Furnishing Market, By Type (Desks and Tables, Chairs and Stools, Storage Cabinets, Sofas, Cafeteria Tables and Chairs, Others), End User (Corporate Offices, Hospitals, Hospitality and Food Services, Others), Distribution Channel (Offline, Online), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Contract Furniture and Furnishing Market
For the 2021 to 2028 forecast period, the contract furniture and furnishing market is expected to grow at a rate of 7.80%. The market report on contract furniture and furnishing analyses the growth that is currently growing due to the increase in the number of business parks, luxury hotels and restaurants.
Contract furniture and furnishing refers to office or industrial furniture and furnishings which are manufactured to meet the requirements of the industry. Contract furniture includes desks and workstations, chairs and tables, storage cabinets and shelves, and sofa sets. It is most widely used in restaurants, hotels, offices, schools and universities, waiting rooms and receptions.
The growing levels of investment on interior decoration and to enhance the surroundings attractive and organized, growth of the e-commerce sector across the globe, increasing preferences towards modular furniture from the corporate sector, rising popularity of smart furniture increasing inclination towards modern ambiance at workplace along with changing lifestyle of the people are some of the major as well as important factors which will likely to accelerate the growth of the contract furniture and furnishing market in the projected timeframe of 2021-2028. On the other hand, advancement in technology along with availability of advanced and improved material which will further contribute by generating immense opportunities that will led to the growth of the contract furniture and furnishing market in the projected timeframe mentioned above.
High cost associated with the usages of the product along with limited product availability regarding the colour, style as well as configuration options which will likely to act as market restraints factor for the growth of the contract furniture and furnishing in the above mentioned projected timeframe. Difficulty in finding the identical, used and quality workstation which will become the biggest and foremost challenge for the growth of the market.
This contract furniture and furnishing market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographical expansions, technological innovations in the market. To gain more info on contract furniture and furnishing market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Contract Furniture and Furnishing Market Scope and Market Size
Contract furniture and furnishing market is segmented on the basis of type, end user, and distribution channel. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets.
- On the basis of type, the contract furniture and furnishing market is segmented into desks and tables, chairs and stools, storage cabinets, sofas, cafeteria tables and chairs, and others. Others have been further segmented into presentation stands, and lighting.
- Based on end user, the contract furniture and furnishing market is segmented into corporate offices, hospitals, hospitality and food services, and others. Others have been further segmented into schools, and airports.
- On the basis of distribution channel, the contract furniture and furnishing market is segmented into offline, and online. Offline segment has been further segmented into specialty stores, and furniture marts. Online segment has been further segmented into E-commerce websites, and company-owned websites.
Contract Furniture and Furnishing Market Country Level Analysis
Contract furniture and furnishing market is analysed and market size, volume information is provided by country, type, end user and distribution channel as referenced above.
The countries covered in the contract furniture and furnishing market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Germany dominates the Europe contract furniture and furnishing market due to the prevalence of various market players along with innovations of smart furniture in the region. India, and China region is expected to hold the largest growth rate in the Asia-Pacific contract furniture and furnishing market due to the rising demand of high quality furniture from corporate sector.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points such as consumption volumes, production sites and volumes, import export analysis, price trend analysis, cost of raw materials, down-stream and upstream value chain analysis are some of the major pointers used to forecast the market scenario for individual countries. Also, presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Contract Furniture and Furnishing Market Share Analysis
Contract furniture and furnishing market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to contract furniture and furnishing market.
The major players covered in the contract furniture and furnishing market report are Haworth Inc.; Carlick Contract Furniture; Herman Miller, Inc.; Kinnarps AB; Sitraben Contract Furniture Ltd.; Knoll, Inc.; Pioneer Contract Furniture Ltd.; Steelcase Inc.; Forest Contract.; 9to5 Seating LLC.; AFC SYSTEM; BERCO DESIGNS; Hussey Seating Company; Creative Wood; Global Furniture Group; Godrej Interio; Kimball; KOKUYO CO.,LTD.; OKAMURA CORPORATION.; Architonic AG; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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