Office Furniture Market Is Expected To Grow At A CAGR Of 7% By 2029
When referring to the workplace, each and every piece of furniture plays an important role enhancing the productivity. Surrounded by boring furniture, employees often tend to lose interest in work. Hence, businesses are choosing vibrant color furniture with a modular design. With advancement in technology, furniture that can provide quick and easy connectivity are becoming a high priority. Employee fitness and health is also one of the priorities for companies. Therefore, manufacturers are focusing on designing office furniture that can provide correct posture, eventually minimizing strain on the spine. Companies are also fostering innovative culture by providing work areas encouraging communication. To support this, office furniture manufacturers are designing furniture with adjustable heights and using visually attractive color and texture.
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Global Office Furniture Market: Segmentation
Segmentation table of the global office furniture market has been provided below on the basis of product, sales channel, and region.
High Competition between Prominent Players to Offer Quality Office Furniture
Owing to increasing consumer preference for online shopping, several office furniture companies are selling their products through their own website or through popular retail websites such as eBay, Amazon, and more.
In 2018, Amazon’s furniture sales reached ~ US$ 4 billion, representing the popularity of an e-commerce platform for buying furniture. The office furniture market is heavily fragmented and only a handful of top manufactures are considering investing in research and development as the market is near maturity.