The recent analytical report published by Markntel Advisor (a leading consulting, data analytics, and market research firm), states that digital transformation is influencing the way office furniture is promoted, supplied, and distributed. As evolving online platforms and e-commerce channels are seeking comprehensive attention from customers, owing to the special and advanced features such as suitable transactions, personalized shopping experiences, etc. Moreover, mobile app development offers features such as product browsing, ordering, order tracking, and customer support. These apps provide customers with a convenient way to interact with the brand and make purchases on-the-go. This facilitates the lucrative growth of the Global Office Furniture Industry.

The further report comprises “Global Office Furniture Market Research Report: By Material (Plastic, Wood, Metal, Glass), By Product (Seating (Chairs/Bench/Sofa/Couch), System, Table, Storage & Cabinets), By Distribution Channel (Retail, Direct to Consumer, E-Commerce), By Region (North America, South America, Europe, Middle East & Africa, Asia-Pacific), By Countries (The US, Canada, Mexico, Brazil, The UK, France, Germany, Italy, Spain, The UAE, Saudi Arabia, South Africa, China, India, Japan, Australia, South Korea) Forecast (2024-2030)”, According to the report the Global Office Furniture Market is estimated to grow at a CAGR of around 5% during the forecast period, i.e., 2024-30. This flourishing demand is attributed to the significant growing factors such as the expansion of the corporate sector owing to massive investments by governments of different countries worldwide in economic diversification, along with their favorable policies attracting substantial Foreign Direct Investments and the establishment of multinational company’s startups.  This further facilitates accelerating the global Office Furniture market.

Leading Segmentation Analysis Based On Product Type & Distribution Channel

The Office Furniture market is segmented into two segments based on Product, and distribution channel.

• Based on Distribution Channel, the market is segmented into Retail, Direct to Consumer, and E-Commerce Stores in 2024, E-commerce segment is expected to dominate the Office Furniture Market
• Based on Product type, the market is segmented into Seating (Chairs/Bench/Sofa/Couch), System, Table, Storage & Cabinets in 2024, Seating furniture is expected to dominate Office Furniture Market

Asia-Pacific Pave Direction to Open New Doors for Office Furniture Market Expansion

Asia-Pacific is estimated to dominate the global office furniture market due to rising demand for office rentals, IT sectors, flexible office spaces, and growing startups. Additionally, the increment in office expansion and the provision of world-class office infrastructure to employees are the primary factors accelerating the incredible demand for office furniture.

Key Market Players and Recent Updates: Strengthening the Industry Growth

Highlighting the recent update that demonstrates the further growth and market expansion:

• Herman Miller in 2023 launched a Fuld Nesting Chair designed in partnership with Stefan Diez. These Fuld Nesting chairs offer flexible configurations for workspaces
• 9to5 Seating in 2023 launched an exclusive char Mila, a novel knit-of-back option with a back finish for the frame. It is designed to fulfill the increasing demand for engaging materials & designs that offer dual options in seating.

Additionally, to strengthen their market position, certain market players such as
Aurora Corporation, Fursys Inc., Global Furniture Group, HNI Corporation, Herman Miller, Haworth, Inc., Inaba Seisakusho Co. Ltd., Itoki Corp., Inter IKEA Systems B.V., Knoll Inc., Kimball International, Kokuyo Co. Ltd., Okamura Corporation, are operating, not only to raise revenue but also to seek comprehensive attention and popularity from large customers. Therefore, looking forward towards futuristic growth and betterment.

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