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Office furniture market size, demand & global opportunity analysis outlook 2021

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Office furniture market size, demand & global opportunity analysis
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Office furniture market size, demand & global opportunity analysis outlook 2021

  1. 1. Copyright © Research Nester Pvt. Ltd. www.researchnester.com Global Office Furniture Market Outlook: Industry Insights & Opportunity Evaluation, 2015-2021
  2. 2. Copyright © Research Nester Pvt. Ltd. www.researchnester.com Research Nester, currently serving clients from 120+ countries clients across the globe, is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties. Through our robust, unbiased extensive primary and secondary research, we help organizations to understand current and future market trends, thus letting them making a prolonged yet dynamic financial investment. Entering New Emerging Markets Launch & Viability of Product Competitive Analysis Industry Analysis
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  6. 6. Copyright © Research Nester Pvt. Ltd. www.researchnester.com Global Office Furniture Market Outlook 2021 Office Furniture Market includes the wide range of office furniture such as cabinets, bookcase, desks and chairs. Factors like employee satisfaction, retention and taking work commitments towards company are allowing corporates to add new designs and attractive furniture in the office premises. As a result, the Global Office Furniture Market is anticipated to grow at a modest compound annual growth rate (CAGR) of 5.2% over the period of 2015-2021. Market Segmentation By Product Type On the basis of product type the office furniture are classified as follows: Seating Systems Overhead bins Storage units and files Tables By Price Range On the basis of price range the office furniture are classified into three categories: Low price (no features) Moderate price (featured furniture) High price (luxury furniture)
  7. 7. Copyright © Research Nester Pvt. Ltd. www.researchnester.com By End User On the basis of end user the office furniture are classified as follows: Workplace Healthcare Education sector By Distribution Channel Online Off-line (retailers, agents, stockist, wholesaler etc.) By Region North America Latin America Western And Eastern Europe Asia-Pacific Row (Rest Of World) Growth Drivers and Challenges Increasing number of corporate offices, declining office vacancy rate and a modest rise in employment rate are the major drives of global office furniture market. Environment Protection Acts and increasing deforestation are the major challenges for global office furniture market. In addition to that, swelled price of raw material also affects the global office furniture market.
  8. 8. Copyright © Research Nester Pvt. Ltd. www.researchnester.com Market Size and Forecast Geographically, North America office furniture market is anticipated to account nearly 38.6% of market share in 2016. The countries in North America i.e. U.S. & Canada are the largest importers of office furniture. The office furniture market of the U.S. is expected to grow at a CAGR of 12% over the period of 2015-2021. In 2015, Europe office furniture market saw an increase of 5% and the market is further projected to foster at robust growth rate over the forecast period. Asia Pacific office furniture market was accounted to USD 7.2 billion in 2014 and it is estimated that the market would showcase the modest growth rate in next 5 years. Key players The major players of global office furniture market are follows: Scope and Context Overview of the Parent Market Analyst View Market Size and Growth
  9. 9. Copyright © Research Nester Pvt. Ltd. www.researchnester.com -Pacific Segmentation ype By Price Range Market Dynamics Supply & Demand Risk Competitive Landscape Porter’s Five Force Model Geographical Economic Activity Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio Recent Trends and Developments Industry Growth Drivers and Challenges Key Information for Players to establish themselves in current dynamic environment
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