PUBLISHER: TechSci Research | PRODUCT CODE: 1180537
PUBLISHER: TechSci Research | PRODUCT CODE: 1180537
Commercial Furniture Market - Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027 Segmented By Type, By End Use, By Distribution Channel, and By Region
We offer 8 hour analyst time for an additional research. Please contact us for the details.
The global commercial furniture market is anticipated to witness a growth of steady CAGR during the forecast period, 2023-2027. Increasing commercial activities around the globe such as hotel industry, schools, colleges, healthcare sector, and the rise in the market players offering comfortable commercial furniture in unique designs, colors, and models to satisfy the growing needs of the rising population are the primary factors driving the growth of global commercial furniture market. Businesses are purchasing advanced commercial furniture products to provide comfortable seating areas to potential customers and enhance the aesthetic view of their commercial spaces. 35-40% of US consumers prioritize eco-friendly when making any purchase decision. The huge market growth potential in the United States is fueling the demand for environment-friendly commercial furniture.
Rise In Number of Corporate Offices Supports Market Demand
An increase in the pace of construction of IT parks and commercial zones to boost the economic activity of developing countries is driving the demand for commercial furniture around the world. To boost the employees' productivity, organizations are heavily investing in creating a collaborative environment to fuel social interaction and colleague communication in the form of comfortable lounges and informal office spaces. The development of informal office spaces requires quality commercial furniture products, bolstering the demand for commercial furniture worldwide. Technological advancements, a surge in demand for smart workplace furniture, and the introduction of intelligent furniture products contribute to market growth. The rise in the investments to transform the existing infrastructure into modernized furniture is expected to create substantial growth opportunities for the global commercial furniture market in the next five years. Increasing adoption of a sedentary lifestyle by employees is generating the need for furniture supporting better posture and movement, which is expected to accelerate the growth of the global commercial furniture market.
Flourishing HoReCa Business Fuels Market Demand
HoReCa stands for hotels, restaurants, and catering and is generates a significant amount of revenue around the globe. The commercial real estate market size in the United States is valued at around USD 1 Trillion. Increasing expenditure capacity of consumers and improvement in the living standards along with rapid urbanization is bolstering the trend of junk food and eating outside in restaurants, cafes, and pubs. Leading authorities are making efforts to accelerate the industry to trigger the growth of this business to generate significant revenue. Market Players are combining the industry experience and culinary expertise and adopting marketing strategies among the foodservice operators, distributors, and manufacturers to push the growth of HoReCa business. In metro cities, the majority of the population is working, which leaves less time for cooking and other activities, therefore fostering the demand for consumption of fast food that is considered affordable and widely available. The young population prefers to eat outside in popular food chains such as Dominos, Burger King, and the growth of giant food chains is boosting the development of the HoReCa business across the globe. The growing business is accelerating the demand for comfortable and affordable commercial furniture to accommodate the customers and provide comfort while eating at their food places.
Market Segmentation
The global commercial furniture market is segmented by type, end use, distribution channel, regional distribution, and competition landscape. Based on the type, the market is divided into seating, storage, desks & tables, workstation, beds, and others. Based on the end use, the market is divided into office, education, HoReCa, health and others. Based on the distribution channel, the market is bifurcated into offline and online. The market analysis also studies the regional segmentation to devise regional market segmentation, divided among North American region, European region, Asia-Pacific region, South American region, and Middle East & African region.
Market Players
Okamura Corporation, HNI Corporation, Herman Miller Inc., Haworth Inc., Global Furniture Group, Steelcase Inc., Knoll Inc., Kimball International, 9to5 Seating, KOKUYO Co. Ltd, are among the major market players in the global platform that lead the market growth of the global commercial furniture market.
Report Scope
In this report, global commercial furniture market has been segmented into following categories, in addition to the industry trends which have also been detailed below:
- Commercial Furniture Market, By Type:
Seating
Storage
Desks & Tables
Workstation
Beds
Others
- Commercial Furniture Market, By End Use:
Office
Education
HoReCa
Health
Others
- Commercial Furniture Market, By Distribution Channel:
Offline
Online
- Commercial Furniture Market, By Region:
North America
- United States
- Canada
- Mexico
Europe
- France
- Germany
- United Kingdom
- Italy
- Spain
Asia-Pacific
- China
- India
- Japan
- South Korea
- Australia
Middle East & Africa
- UAE
- Saudi Arabia
- South Africa
South America
- Brazil
- Argentina
- Colombia
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in global commercial furniture market.
Available Customizations
With the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
Table of Contents
1. Product Overview
2. Research Methodology
3. Executive Summary
4. Voice of Customer
- 4.1. Brand Awareness
- 4.2. Factors Influencing Purchase Decision
- 4.3. Sources of Information
- 4.4. Challenges Faced Post Purchase
5. Global Commercial Furniture Market Outlook
- 5.1. Market Size & Forecast
- 5.1.1. By Value
- 5.2. Market Share & Forecast
- 5.2.1. By Type (Seating, Storage, Desks & Tables, Workstation, Beds, Others)
- 5.2.2. By End Use (Office, Education, HoReCa, Health, Others)
- 5.2.3. By Distribution Channel (Offline, Online)
- 5.2.4. By Region
- 5.2.5. By Company (2021)
- 5.3. Market Map (By Type, By End Use, By Distribution Channel, By Region)
6. North America Commercial Furniture Market Outlook
- 6.1. Market Size & Forecast
- 6.1.1. By Value
- 6.2. Market Share & Forecast
- 6.2.1. By Type
- 6.2.2. By End Use
- 6.2.3. By Distribution Channel
- 6.2.4. By Country (United States; Canada; Mexico and Rest of North America)
- 6.3. North America: Country Analysis
- 6.3.1. United States Commercial Furniture Market Outlook
- 6.3.1.1. Market Size & Forecast
- 6.3.1.1.1. By Value
- 6.3.1.2. Market Share & Forecast
- 6.3.1.2.1. By Type
- 6.3.1.2.2. By End Use
- 6.3.1.2.3. By Distribution Channel
- 6.3.1.1. Market Size & Forecast
- 6.3.2. Canada Commercial Furniture Market Outlook
- 6.3.2.1. Market Size & Forecast
- 6.3.2.1.1. By Value
- 6.3.2.2. Market Share & Forecast
- 6.3.2.2.1. By Type
- 6.3.2.2.2. By End Use
- 6.3.2.2.3. By Distribution Channel
- 6.3.2.1. Market Size & Forecast
- 6.3.3. Mexico Commercial Furniture Market Outlook
- 6.3.3.1. Market Size & Forecast
- 6.3.3.1.1. By Value
- 6.3.3.2. Market Share & Forecast
- 6.3.3.2.1. By Type
- 6.3.3.2.2. By End Use
- 6.3.3.2.3. By Distribution Channel
- 6.3.3.1. Market Size & Forecast
- 6.3.1. United States Commercial Furniture Market Outlook
7. Europe Commercial Furniture Market Outlook
- 7.1. Market Size & Forecast
- 7.1.1. By Value
- 7.2. Market Share & Forecast
- 7.2.1. By Type
- 7.2.2. By End Use
- 7.2.3. By Distribution Channel
- 7.2.4. By Country (France; Germany; UK; Italy; Spain and Rest of Europe)
- 7.3. Europe: Country Analysis
- 7.3.1. France Commercial Furniture Market Outlook
- 7.3.1.1. Market Size & Forecast
- 7.3.1.1.1. By Value
- 7.3.1.2. Market Share & Forecast
- 7.3.1.2.1. By Type
- 7.3.1.2.2. By End Use
- 7.3.1.2.3. By Distribution Channel
- 7.3.1.1. Market Size & Forecast
- 7.3.2. Germany Commercial Furniture Market Outlook
- 7.3.2.1. Market Size & Forecast
- 7.3.2.1.1. By Value
- 7.3.2.2. Market Share & Forecast
- 7.3.2.2.1. By Type
- 7.3.2.2.2. By End Use
- 7.3.2.2.3. By Distribution Channel
- 7.3.2.1. Market Size & Forecast
- 7.3.3. United Kingdom Commercial Furniture Market Outlook
- 7.3.3.1. Market Size & Forecast
- 7.3.3.1.1. By Value
- 7.3.3.2. Market Share & Forecast
- 7.3.3.2.1. By Type
- 7.3.3.2.2. By End Use
- 7.3.3.2.3. By Distribution Channel
- 7.3.3.1. Market Size & Forecast
- 7.3.4. Italy Commercial Furniture Market Outlook
- 7.3.4.1. Market Size & Forecast
- 7.3.4.1.1. By Value
- 7.3.4.2. Market Share & Forecast
- 7.3.4.2.1. By Type
- 7.3.4.2.2. By End Use
- 7.3.4.2.3. By Distribution Channel
- 7.3.4.1. Market Size & Forecast
- 7.3.5. Spain Commercial Furniture Market Outlook
- 7.3.5.1. Market Size & Forecast
- 7.3.5.1.1. By Value
- 7.3.5.2. Market Share & Forecast
- 7.3.5.2.1. By Type
- 7.3.5.2.2. By End Use
- 7.3.5.2.3. By Distribution Channel
- 7.3.5.1. Market Size & Forecast
- 7.3.1. France Commercial Furniture Market Outlook
8. Asia-Pacific Commercial Furniture Market Outlook
- 8.1. Market Size & Forecast
- 8.1.1. By Value
- 8.2. Market Share & Forecast
- 8.2.1. By Type
- 8.2.2. By End Use
- 8.2.3. By Distribution Channel
- 8.2.4. By Country (China; India; Japan; South Korea; Australia; and Rest of Asia Pacific)
- 8.3. Asia-Pacific: Country Analysis
- 8.3.1. China Commercial Furniture Market Outlook
- 8.3.1.1. Market Size & Forecast
- 8.3.1.1.1. By Value
- 8.3.1.2. Market Share & Forecast
- 8.3.1.2.1. By Type
- 8.3.1.2.2. By End Use
- 8.3.1.2.3. By Distribution Channel
- 8.3.1.1. Market Size & Forecast
- 8.3.2. India Commercial Furniture Market Outlook
- 8.3.2.1. Market Size & Forecast
- 8.3.2.1.1. By Value
- 8.3.2.2. Market Share & Forecast
- 8.3.2.2.1. By Type
- 8.3.2.2.2. By End Use
- 8.3.2.2.3. By Distribution Channel
- 8.3.2.1. Market Size & Forecast
- 8.3.3. Japan Commercial Furniture Market Outlook
- 8.3.3.1. Market Size & Forecast
- 8.3.3.1.1. By Value
- 8.3.3.2. Market Share & Forecast
- 8.3.3.2.1. By Type
- 8.3.3.2.2. By End Use
- 8.3.3.2.3. By Distribution Channel
- 8.3.3.1. Market Size & Forecast
- 8.3.4. South Korea Commercial Furniture Market Outlook
- 8.3.4.1. Market Size & Forecast
- 8.3.4.1.1. By Value
- 8.3.4.2. Market Share & Forecast
- 8.3.4.2.1. By Type
- 8.3.4.2.2. By End Use
- 8.3.4.2.3. By Distribution Channel
- 8.3.4.1. Market Size & Forecast
- 8.3.5. Australia Commercial Furniture Market Outlook
- 8.3.5.1. Market Size & Forecast
- 8.3.5.1.1. By Value
- 8.3.5.2. Market Share & Forecast
- 8.3.5.2.1. By Type
- 8.3.5.2.2. By End Use
- 8.3.5.2.3. By Distribution Channel
- 8.3.5.1. Market Size & Forecast
- 8.3.1. China Commercial Furniture Market Outlook
9. Middle East and Africa Commercial Furniture Market Outlook
- 9.1. Market Size & Forecast
- 9.1.1. By Value
- 9.2. Market Share & Forecast
- 9.2.1. By Type
- 9.2.2. By End Use
- 9.2.3. By Distribution Channel
- 9.2.4. By Country (UAE; Saudi Arabia; South Africa and Rest of Middle East & Africa)
- 9.3. MEA: Country Analysis
- 9.3.1. UAE Commercial Furniture Market Outlook
- 9.3.1.1. Market Size & Forecast
- 9.3.1.1.1. By Value
- 9.3.1.2. Market Share & Forecast
- 9.3.1.2.1. By Type
- 9.3.1.2.2. By End Use
- 9.3.1.2.3. By Distribution Channel
- 9.3.1.1. Market Size & Forecast
- 9.3.2. Saudi Arabia Commercial Furniture Market Outlook
- 9.3.2.1. Market Size & Forecast
- 9.3.2.1.1. By Value
- 9.3.2.2. Market Share & Forecast
- 9.3.2.2.1. By Type
- 9.3.2.2.2. By End Use
- 9.3.2.2.3. By Distribution Channel
- 9.3.2.1. Market Size & Forecast
- 9.3.3. South Africa Commercial Furniture Market Outlook
- 9.3.3.1. Market Size & Forecast
- 9.3.3.1.1. By Value
- 9.3.3.2. Market Share & Forecast
- 9.3.3.2.1. By Type
- 9.3.3.2.2. By End Use
- 9.3.3.2.3. By Distribution Channel
- 9.3.3.1. Market Size & Forecast
- 9.3.1. UAE Commercial Furniture Market Outlook
10. South America Commercial Furniture Market Outlook
- 10.1. Market Size & Forecast
- 10.1.1. By Value
- 10.2. Market Share & Forecast
- 10.2.1. By Type
- 10.2.2. By End Use
- 10.2.3. By Distribution Channel
- 10.2.4. By Country (Brazil; Argentina; Colombia; and Rest of South America)
- 10.3. South America: Country Analysis
- 10.3.1. Brazil Commercial Furniture Market Outlook
- 10.3.1.1. Market Size & Forecast
- 10.3.1.1.1. By Value
- 10.3.1.2. Market Share & Forecast
- 10.3.1.2.1. By Type
- 10.3.1.2.2. By End Use
- 10.3.1.2.3. By Distribution Channel
- 10.3.1.1. Market Size & Forecast
- 10.3.2. Argentina Commercial Furniture Market Outlook
- 10.3.2.1. Market Size & Forecast
- 10.3.2.1.1. By Value
- 10.3.2.2. Market Share & Forecast
- 10.3.2.2.1. By Type
- 10.3.2.2.2. By End Use
- 10.3.2.2.3. By Distribution Channel
- 10.3.2.1. Market Size & Forecast
- 10.3.3. Colombia Commercial Furniture Market Outlook
- 10.3.3.1. Market Size & Forecast
- 10.3.3.1.1. By Value
- 10.3.3.2. Market Share & Forecast
- 10.3.3.2.1. By Type
- 10.3.3.2.2. By End Use
- 10.3.3.2.3. By Distribution Channel
- 10.3.3.1. Market Size & Forecast
- 10.3.1. Brazil Commercial Furniture Market Outlook
11. Market Dynamics
- 11.1. Drivers
- 11.2. Challenges
12. Market Trends & Developments
13. Competitive Landscape
- 13.1. Company Profiles
- 13.1.1. Company Details
- 13.1.2. Financials (As reported)
- 13.1.3. Key Market Focus and Geographical Presence
- 13.1.4. Pricing of Target Products
- 13.1.5. Market positioning
- 13.2. Okamura Corporation
- 13.3. HNI Corporation
- 13.4. Herman Miller Inc.
- 13.5. Haworth Inc.
- 13.6. Global Furniture Group
- 13.7. Steelcase Inc.
- 13.8. Knoll Inc.
- 13.9. Kimball International
- 13.10. 9to5 Seating
- 13.11. KOKUYO Co. Ltd
14. Strategic Recommendations
15. About Us & Disclaimer
