Office furniture holds a vital position in a working environment. It enables comfort and convenience needed for employees as a medium to enhance their productivity. On contrary, furniture items such as heavy racks, use of multiple cupboards, steel chairs, wooden tables and other unnecessary items have a conventional approach and consume a lot of space. Instead, modern day furniture such as ergonomic chair, modular systems, movable storage units and wall mounted cabinets have lot more to add to a professional work environment. Therefore, along with appeal and aesthetic features, standardization is one of the crucial parameters to look for before selecting on a range of furniture.
Drivers responsible for the market growth include demand for eco-friendly and lightweight furniture that is easy to move and has a greater appeal. Additionally, from the manufacturer’s perspective, specialty furniture serves multiple objectives in an office environment. For ex, seating furniture in an office environment under adjustable dimensions leads in greater ergonomic features. This again, turns out to be a major driving factor for the market growth in the years to come.
Product segment for office furniture market includes modular systems, chair, tables, storage units, overhead bins and desk tables. Modular systems and storage units have dominated the market growth in the recent past and continue to retain their dominance however, chair and tables account for a leading position due to constant demand for user-friendly seating arrangements.
End-use segment includes small, medium and large enterprises. Large enterprise enjoys a prominent position in the global market owing to a sizeable staff under a specific hierarchy. Small and medium enterprises have specific demands with respect to furniture dimensions.
Office furniture market is significantly dominated by Asia-Pacific regions on account of rise in demand for commercial spaces, expansion of business within small and medium enterprises and rise in construction of commercial buildings designed for office purpose. Chairs and tables being of significance in commercial offices have dominated the office furniture market in these regions.
Office furniture in North America holds a prominent position in the regional market due to innovative approach adopted by furniture manufacturers from production to assembly and assembly to packaging stage.
European counterparts have a great zeal for office furniture in terms of appeal. The cubicle and workstations are designed in such way that they not only fulfill business purpose but also reflect the organizational culture through their selection and presentation. The stuff being user-friendly offers minimal hygiene and maintenance to offer more comfort.
Middle East and African market enjoy a significant market position in terms of availability of raw materials and rate of production. Availability of wood in variety and skilled labor enable lucrative opportunities for future market developments.
Prominent players in the office furniture market include HNI Corporation, Haworth, Teknion Corporation, Herman Miller, KOKUYO, Steelcase and Okamura.