Insights on the Commercial Furniture Global Market to 2027 - Increasing Commercial Activities Around the World in Hospitals, Schools and Colleges are Driving Growth
DUBLIN, May 16, 2022 /PRNewswire/ -- The "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" report has been added to ResearchAndMarkets.com's offering.
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, cafes, 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
Key Topics Covered:
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
4.1. Brand Awareness
4.2. Factors Influencing Purchase Decision
4.3. Sources of Information
4.4. Challenges Faced Post Purchase
5. Global Commercial Furniture Market Outlook
5.1. Market Size & Forecast
5.1.1. By Valuewe3
5.2. Market Share & Forecast
5.2.1. By Type (Seating, Storage, Desks & Tables, Workstation, Beds, Others)
5.2.2. By End Use (Office, Education, HoReCa, Health, Others)
5.2.3. By Distribution Channel (Offline, Online)
5.2.4. By Region
5.2.5. By Company (2021)
5.3. Market Map
6. North America Commercial Furniture Market Outlook
7. Europe Commercial Furniture Market Outlook
8. Asia-Pacific Commercial Furniture Market Outlook
9. Middle East and Africa Commercial Furniture Market Outlook
10. South America Commercial Furniture Market Outlook
11. Market Dynamics
11.1. Drivers
11.2. Challenges
12. Market Trends & Developments
13. Competitive Landscape
13.1. Company Profiles
13.1.1. Company Details
13.1.2. Financials (As reported)
13.1.3. Key Market Focus and Geographical Presence
13.1.4. Pricing of Target Products
13.1.5. Market positioning
13.2. Okamura Corporation
13.3. HNI Corporation
13.4. Herman Miller Inc.
13.5. Haworth Inc.
13.6. Global Furniture Group
13.7. Steelcase Inc.
13.8. Knoll Inc.
13.9. Kimball International
13.10. 9to5 Seating
13.11. KOKUYO Co. Ltd
14. Strategic Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/5f8tv7
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