Office Furniture: Worldwide Market Insights & Forecasts Through 2019-2023 - Growing Demand for Eco-Friendly Furniture Spurs Opportunities

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Dublin, July 12, 2019 (GLOBE NEWSWIRE) -- The report has been added to offering.Office furniture manufacturers are increasingly adopting green solutions due to the growing demand for customized office furniture from recycled wood wastes and rising concern over increasing deforestation. The adoption of green solutions also helps them to comply with the guidelines set up by non-profit trade associations.The growing demand for eco-friendly furniture will lead to the expansion of the global office furniture market at a during the forecast period.There is an increase in the demand for multifunctional, collaborative, and portable furniture due to the evolving consumer demands, shrinking workspace, rising number of start-ups, and implementation of evolved teaching methodology in international schools.The growing preference for customized furniture to support employee's comfort and boost their efficiency is expected to have a positive impact on the overall market growth.The report looks at factors such as the growing demand for modern and luxury furniture, an increase in the number of office spaces, and a growing demand for eco-friendly furniture.However, fluctuating prices of raw materials, high competition from regional brands and the threat of counterfeiting, and long product replacement cycle may hamper the growth of the office furniture industry over the forecast period.This market analysis considers sales from distribution channels, including offline and online. The analysis also considers the sales of office furniture in APAC, Europe, North America, South America, and MEA.In 2018, the offline segment had a significant market share, and this trend is expected to continue over the forecast period. Factors such as the availability of a wide variety of brands at multistore retail units and dealers will play a significant role in the offline segment to maintain its market position.With the presence of several major players, the global office furniture market is fragmented. This robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading office furniture manufacturers that include:

Also, the office furniture market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage on all forthcoming growth opportunities.

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Globe Newswire: 10:05 GMT Friday 12th July 2019

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