Office furniture is gaining more importance nowadays with the continuous expansion in business environment in both developing and under-developed nations across the globe. The rise in number of makeover and modification projects in emerging economies such as Japan, China, and India is fueling the growth of the market.

The global office furniture market was valued at US$ 74,428.57 Mn in 2019, and is expected to reach US$ 96,642.94 Mn by 2027, exhibiting a CAGR of 3.1% during the forecast period.

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Market Dynamics
The office furniture manufacturers are focusing on developing eco-friendly furniture products by procuring the wood from plantations that have a long-term conservation policy and who grow sustainable plants. For instance, in April 2010, Crate and Barrel, a North American retailer, worked collaboratively with the Tropical Forest Trust for ensuring that the hardwood used for manufacturing furniture is procured from sustainable plantations, which are being managed for long-term conservation.

Detailed Segmentation:
• Global Office Furniture Market, By Material Type:
◦ Metal
◦ Wood
◦ Plastic

Global Office Furniture Market, By Product Type :

• Storage Units
• Seating
• Desks & Tables
• Workstation

• Global Office Furniture Market, By Price Range:
◦ Premium
◦ Medium
◦ Economy

• Global Office Furniture Market, By End User:
◦ Corporate Offices
◦ Government Offices

Competitive Section: Knoll Inc., LLC., HNI Corporation, Herman Miller, Inc., Teknion Corporation, Kimball International Inc., Berco Designs, Kokuyo Co., Ltd., Haworth Inc., Okamura Corporation, and Steelcase Inc.

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