The institutional and
office furniture manufacturing market comprise firms are involved in designing
office furniture including office chairs and desks, office and store fixtures,
such as showcases. It also includes firms involved in producing all types of furniture
parts and frames.
The institutional and
office furniture manufacturing market is valued at nearly $343 billion
in 2017 due to the increasing demand for
contemporary furniture and rise in the number of markets for such furniture. Asia Pacific was the largest region in the institutional and office furniture manufacturing in
2017, accounting for more than two-fifth of the market share.
The institutional and
office furniture manufacturing market in The Business Research Company’s
report is divided into two segments. Institutional furniture was the largest segment in with more than
three-fifth of the market share and office furniture took up the remaining one-third share of
market.
China was the largest country in the institutional and office furniture manufacturing market in
2017, accounting for more than one-fourth of the global market share. This was mainly due to high demand for
lockers, assembled and unassembled furniture products from commercial
establishments and educational institutes, followed by USA and Germany.
The top four competitors of the market are IKEA AB, Herman Miller Inc., HNI Corporation, and
Okamura Corporation. IKEA
AB was the biggest player in the market in 2017. It is a Swedish multinational group of companies
that is involved in the design, manufacture and sale of home accessories,
appliances and ready-to-assemble furniture. The company is headquartered in
Netherlands.
About The Business Research Company.
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which excels in company, market and consumer research. It has offices in the
UK, the US and India and a network of trained researchers in 15 countries
globally.
Contact Information.
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