KD Market Insights

According to a new report published by FAST.MR, titled, “ Office Furniture Market - By Product (Seating, Storage Unit & Files, Work Station, Tables, Accessories), By Price Range (Premium, Medium, Economy), By Distribution Channel (Online stores, offline stores) & Global Region - Market Size, Trends, Share & Forecast 2018-2024” witnessed a market value of USD 58 billion in 2018 and is considered to reach USD 95 billion in 2024, recording a compound annual growth rate (CAGR) of 9.1% between 2019 and 2024. The office furniture market is analyzed based on regions, by product, by price range and by distribution channel. The regions included are North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report also comprises detailed competitive analysis of dominant market players of office furniture market, such as Herman Miller Inc., Inter IKEA Group, Okamura Corporation, HNI Corporation, Knoll, Inc., Steelcase Inc., Haworth Inc., Kokuyo Co Ltd., Ki...

As per KD Market Insights research, the global  office furniture market  is expected to witness robust growth over the next five years to reach an estimated value of USD 95,274.2 Million in 2024. The global office furniture market is expected to expand at a CAGR of 9.1% in the terms of value during the time period i.e. 2019-2024. An increase in the employment rate and rising consumption of office spaces are a few of the key factors impelling the growth of the office furniture market. Moreover, increasing office construction spending across the globe is expected to behold the growth of the market. The global office furniture market has been segmented on the basis of product type, price range, and distribution channel. The office furniture product market is segmented into seating, storage unit & files, workstation, tables, and accessories. In terms of value, the office seating segment is anticipated to reach USD 35,025.4 Million by the end of 2024 and is anticipated to flour...