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.
Asia Pacific was the largest region in the institutional and office furniture manufacturing market in 2017, accounting for around 45% market share. This can be attributed to high demand for office furniture from commercial establishments owing to economic growth in the country and also due to rapid growth in the education industry in China and India. North America was the second largest region accounting for around 24% market share. Eastern Europe was the smallest region accounting for around 2% market share.
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. For example, Crate and Barrel, a North American home retailer is working directly with the Tropical Forest Trust to ensure that the selected hardwood for manufacturing of their furniture is from sustainable plantations that are managed for their long term conservation. Similarly, Ashley Furniture Industries, Inc. has adopted a “green” approach wherein it focuses on replenishing, recycling and reusing of furniture by using recyclable engineered wood and by reducing raw materials wastage.
Companies Covered: Herman Miller Inc, HNI Corporation, Okamura Corporation, Knoll, Leggett & Platt
Market Segments Included: Institutional, Wood Office Furniture Manufacturing, Custom Architectural Woodwork and Millwork and Office Furniture (except Wood) Manufacturing, and Showcase, Partition Market, Shelving, and Locker Manufacturing.
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