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.
Institutional and Office Furniture Manufacturing Global Market Size
The global institutional and office furniture manufacturing market was valued at $342.4 billion in 2017. Asia Pacific was the largest geographic region in the market in 2017, accounting for $152.41 billion or 44.51% market share. China was the largest country in the market in 2017, accounting for $90.35 billion or 26.39% market share.
Institutional and Office Furniture Manufacturing Global Market Trend
Furniture manufacturers are adopting sustainable practices in their manufacturing process. This is mainly a result of growing consumer awareness on sustainable living that is resulting in increasing demand for eco–friendly furniture. This includes minimizing fuel consumption and recycling sheet metal and wood by–products. Companies manufacturing ecofriendly furniture products procure wood from plantations that grow sustainable plants and have a long term conservation policy.
The companies covered are IKEA AB*, Herman Miller Inc., HNI Corporation, Okamura Corporation, and Knoll Inc.
The countries covered are USA, China, Germany, Brazil, Japan, UK, Spain, Russia, France, Australia, Italy, India and rest of the world.
Institutional and Office Furniture Manufacturing Global Market Segmentation
The institutional and office furniture manufacturing market is segmented into Institutional Furniture, and Office Furniture.
Institutional Furniture includes companies engaged in producing general purpose institutional furniture for schools, libraries, churches and theaters. These products may be assembled or unassembled and manufactured on a custom or stock basis.
Office Furniture comprises companies engaged in producing office furniture and/or office and store fixtures. The furniture may be assembled or unassembled.