The Key Players in Global Office Furniture Market 2016-2020

Tuesday 19 July 2016, Amsterdam

The report, now available on ASDReports, recognizes the following companies as the key players in the global office furniture market: Herman Miller, HNI, Kokuyo, Okamura, and Steelcase.

Other Prominent Vendors in the market are: 9to5 Seating, AFC Systems, Berco Furniture Solution, Clarin, Creative Wood, Global Upholstery, Godrej & Boyce, KI, Kimball International, Kinnarps, Knoll, Meridian Office Group, Sedus, Teknion, and Wipro Furniture.

Commenting on the report, an analyst said: “A key trend which is boosting market growth is the introduction of multifunctional furniture. The demand for minimalistic, multifunctional, comfortable office furniture products is on the rise, primarily because of the high rates of commercial leases worldwide. As office spaces get smaller, consumers increasingly look for furniture that is compact and easily movable to allow for efficient use of the available space. The need for furniture that can perform multiple tasks, reduce clutter, and provide storage options is growing.”

According to the report, a key growth driver is the launch of innovative design concepts to enhance work environment. In order to create new customer bases and provide efficient and cost-effective products, vendors focus on the launch of innovative products. These product designs aim to reduce clutter, enhance comfort, enable employee collaboration, and utilize space efficiently. Manufacturers have also been developing high-quality ergonomic furniture to allow for better comfort during long working hours.

Further, the report states that a major factor that could hamper market growth is the emergence of virtual workplace. With the penetration of the internet and advances in technology, the concept of the virtual workspace has gained traction over the past few years. Such work environments reduce the need for employees to work at a fixed geographical position. Virtual employee networks also reduce infrastructure costs substantially for companies. These developments pose significant challenges to the global office furniture market, particularly for manufacturers of corporate office furniture.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.