Office Supplies (Except Paper) Global Market Report 2023 – By Type (Business Forms, Stationery, Storage Containers, and Other Types), By Product Type (Desk, Filling, Binding, Computer or Printer, Other Product Types), By Application (Enterprises, Household, Educational Institutions, Other Applications) – Market Size, Trends, And Global Forecast 2023-2032

Print media refers to publications distributed on paper in the form of printed copies of books, magazines, magazines, and newsletters. The main types of print media are directory, mailing list, and other publishers, book publishers, newspaper & magazines publishers. Book Publisher refers to a company or person engaged in publishing periodicals, books, music, and others. The different business models include subscription, advertising and is used in publishing house, newspaper office, and others. The global print media market is segmented - 1) By Type: Directory, Mailing List, And Other Publishers, Book Publishers, Newspaper & Magazines Publishers 2) By Business Model: Subscription, Advertising 3) By Application: Publishing House, Newspaper Office, Other Applications Subsegments Covered: Directory and Mailing List, Other Publishers, Consumer Books, Educational books, Religious Books, Newspapers, Magazines The global print media market size grew from $319.47 billion in 2022 to $326.52 billion in 2023 at a compound annual growth rate (CAGR) of 2.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of print media is expected to grow to $343.7 billion in 2027 at a CAGR of 1.3%. E-books sales are growing rapidly in established markets of the USA and Europe. eBooks generated a higher share of revenues than the physical print in developed markets such as the US and UK. According to PWC, total global book publisher revenue will increase, growing at a CAGR 1.7%, during the forecast period. Although the physical book publisher’s industry continues to shrink (-2.8%), this decline is offset by growth in e-books which are predicted to grow at a CAGR of 11.7% in the forecast period. Increasing consumer preference for the digital versions is expected to significantly impact the growth of the market during this period Major companies in the print media market include Bertelsmann SE & Co KGaA, Lagardere SCA, News Corporation, Grupo Planeta, QUAD/GRAPHICS INC., Scholastic Corporation, Hubert Burda Media, Kadokawa Corporation, Axel Springer SE, and John Wiley & Sons Inc. The outbreak of COVID-19 disease (COVID-19) has acted as a significant restraint on some of the print media markets in 2020 as businesses were disrupted due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China, and spread globally including Western Europe, North America, and Asia. Steps by national governments to contain the transmission have resulted in a decline in economic activity and restricted movement of goods and services with countries entering a state of 'lock down'. The outbreak had a negative impact on businesses throughout 2020 and into 2021. However, many media markets have been unaffected or benefited from this as they transmit their content remotely through digital channels. It is expected that the print media market will recover from the shock across the forecast period as it is a 'black swan event and not related to ongoing or fundamental weaknesses in the market or the global economy. The rise in social media and the increasing volume of consumer data is driving growth in the newspapers and magazines industry. Newspapers and magazines publishers can have broad and deeper visibility on their consumers, distributors, and other stakeholders. Publishers with the digital-first model are investing significantly in building in-house data and analytics teams. For example, Next Big Sound’s, Next Big Book application provides a dashboard for the publishing industry which offers information on sales, publicity events, social media, and web trends data regularly to offer a holistic view of the books’ performance. It will highlight factors that are the most influential such as news preferences, columnist preferences, and genre preferences. Asia-Pacific was the largest region in the print media market in 2022. Middle East is expected to be the fastest growing region in the forecast period. The regions covered in the global print media market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the print media market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The print media market consists of sales of newspapers, magazines, other periodicals, books, directories and mailing lists, and other works, such as calendars, greeting cards, and maps and services such as advertising space. The market value includes the value of related goods sold by the service provider or included within the service offering. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The print media market research report is one of a series of new reports from The Business Research Company that provides print media market statistics, including print media industry global market size, regional shares, competitors with a print media market share, detailed print media market segments, market trends and opportunities, and any further data you may need to thrive in the print media industry. This print media market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Commercial services refer to businesses that provide that perform support activities for the day-to-day operations of other businesses or organizations. These services assist business customers with policy quotes, needs analysis, insurance applications, and coverage renewals. Great customer service leads to better customer loyalty, higher revenue, and lower costs. The main types of commercial services are office administrative services, facilities support services, employment services, business support services, travel arrangement and reservation services, waste management and remediation services, investigation and security services, services to buildings and dwellings, and other support services. Office administration refers to a set of day-to-day operations linked to the upkeep of office space, financial management, record keeping and billing, personal development, physical distribution, and logistics. The different modes include online, and offline and involve various service types such as hard services, soft services, and other services. The global commercial services market is segmented - 1) By Type: Office Administrative Services, Facilities Support Services, Employment Services, Business Support Services, Travel Arrangement And Reservation Services, Waste Management And Remediation Services, Investigation And Security Services, Services to Buildings And Dwellings, Other Support Services 2) By Mode: Online, Offline 3) By Service Type: Hard Services, Soft Services, Other Services Subsegments Covered: Business Management Services, Hospitality Management Services, Health Management Services, Other Office Administrative Services, Maintenance Services, Security & Guard Services, Reception Services, Other Facilities Support Services, Employment Placement Agencies, Executive Search Services, Temporary Help Services, Professional Employer Organizations, Document Preparation Services, Telephone Call Centers, Business Service Centers, Collection Agencies, Credit Bureaus, Other Business Support Services, Travel Agencies, Tour Operators, Convention And Visitors Bureaus, Other Travel Arrangement And Reservation Services, Waste Collection, Waste Treatment And Disposal, Remediation Services, Other Waste Management Services, Investigation, Guard, And Armored Car Services, Security Systems Services, Exterminating And Pest Control Services, Janitorial Services, Landscaping Services, Carpet And Upholstery Cleaning Services, Other Services to Buildings And Dwellings, Packaging And Labeling Services, Convention And Trade Show Organizers, All Other Support Services The global commercial services market size will grow from $5152.37 billion in 2022 to $5696.44 billion in 2023 at a compound annual growth rate (CAGR) of 10.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of commercial services market is expected to grow to $8015.14 billion in 2027 at a CAGR of 8.9%. Increasing urbanization in search of better living standards and higher job opportunities will drive the commercial services market. With the increase in the concentration of people moving to urban cities, the need for job creation will also increase, enabling more job opportunities and higher disposable income. Urbanization leads to more, better and more inclusive jobs in cities around the world, generating higher demand for commercial services companies. According to UN estimates, the proportion of the world population living in urban areas is expected to increase from 55% in 2018 to 68% by 2050. Therefore, the increase in urban population is expected to drive the growth of the commercial services market. Major companies in the commercial services market include BCD Travel, Randstad Holding NV, Adecco Group, Travel Leaders Group, TUI Group, Recruit Holdings, ManpowerGroup Inc., Waste Management Inc., Securitas AB, and Veolia Environment SA. Artificial intelligence is widely being used by business organizations in customer support activities as it considerably reduces operational costs xx. Artificial intelligence systems perform tasks that normally require human intelligence such as speech recognition, translation between languages, visual perception, and decision-making. This technology enables the handling of customer grievances and other interactions without human intervention, thereby increasing efficiency and reducing operational costs. It also helps manage support tickets in bulk and provides multi-language support, and auto-responding to bulk emails. According to a study by Oracle, nearly 8 out of 10 businesses have already implemented or planning to adopt artificial intelligence in customer support in 2020. Some of the companies using artificial intelligence in customer support include China Merchant Bank, Fiat Argentina, Toshiba France, and KLM airlines. Asia-Pacific was the largest region in the commercial services market in 2022. Western Europe was the second-largest region in the commercial services market. The regions covered in the commercial services market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the commercial services market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The commercial services market consists of revenues earned by entities that provide services such as business management services, hospitality management services, health management services, maintenance services, reception services, document preparation services, and security systems services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The commercial services market research report is one of a series of new reports from The Business Research Company that provides commercial services market statistics, including commercial services industry global market size, regional shares, competitors with a commercial services market share, detailed commercial services market segments, market trends and opportunities, and any further data you may need to thrive in the commercial services industry. This commercial services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Office administrative services refer to activities that are done in-office and include activities such as reception, financial planning, billing and record-keeping, personnel, and mail services. These services are used to provide day-to-day office administrative services, such as financial planning, billing and recordkeeping, personnel management, and physical distribution and logistics. The main types of office administrative services are administrative management services, business management services, hospitality management services, health management services, and other services. The global office administrative services market is segmented – 1) By Type: Administrative Management Services, Business Management Services, Hospitality Management Services, Health Management Services, and Other Types - Office Administrative Services The global office administrative services market size will grow from $216.78 billion in 2022 to $238.45 billion in 2023 at a compound annual growth rate (CAGR) of 10.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of office administrative services is expected to grow from $340.56 billion in 2027 at a CAGR of 9.3%. The growth in the office administrative services market is due to the rapid globalization and adoption of advanced technologies. Globalization refers to the increasing interconnection of economies, cultures, and communities around the world as a result of technology, cross-border trade in goods and services, and flows of capital, people, and information. Companies must deal with a growing range of cultural backgrounds as globalisation spreads. and thereby increases the office administration activities as well. For instance, in June 2021, according to an article shared by the World Bank, a US-based international financial institution, global growth is anticipated to go up to 5.6% this year, thanks in large part to the strength of advanced economies like China and the United States. In addition, global growth estimates for 2021 have been revised upward for practically all regions. In 2021, it is anticipated that China and the United States will each contribute roughly one-fourth of global growth. The U.S. economy has received significant budgetary support, vaccination is anticipated to become widely used by mid-2021, and this year's growth is anticipated to be 6.8%, the quickest rate since 1984. Therefore, rapid globalization is driving the growth of the office administrative services market. Major players in the office administrative services are RK Advisors LLC., Epiq, e-Celtic Ltd., ISP Group, and Profitmaster BPO. Emerging technologies such as robotic process automation (RPA), cloud computing, and software as a service are offering office administrative applications. These applications offer solutions for billing, sales, and other functions in an organization. For instance, in September 2020, Alfresco, a US-based provider of content management solutions, launched Alfresco Process Automation, a new generation platform as a Service (PaaS) offering for developing content-centric process applications. By distributing information to a range of business processes in an intelligent manner, this platform may automate business operations and help organisations get more value from their content. It incorporates artificial intelligence (AI) into fundamental business operations, such as document classification, entity extraction, or assisted decision-making, and offers insights and analytics via cloud-native services. Asia-Pacific was the largest region in the office administrative services market in 2022. The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the office administrative services market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, USA. The office administrative services market includes revenues earned by entities by coordinating meetings, appointments and directing various administrative projects. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The office administrative services market research report is one of a series of new reports from The Business Research Company that provides office administrative services market statistics, including office administrative services industry global market size, regional shares, competitors with a office administrative services market share, detailed office administrative services market segments, market trends and opportunities, and any further data you may need to thrive in the office administrative services industry. This office administrative services market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Electronic equipment repair and maintenance refers to repairing and maintaining equipment used in electronic systems such as electronic components and circuits. Precision equipment repair and maintenance refers to the process of repair and maintenance of precision equipment that provides accurate measurement results. The main types of electronic and precision equipment repair and maintenance are consumer electronics repair and maintenance, computer and office machine repair and maintenance, communication equipment repair and maintenance, and other electronic and precision equipment repair and maintenance. Companies in the Communication Equipment Repair and Maintenance sector are largely involved in repairing and maintaining communications equipment, such as communications transmission equipment, two-way radios, telephones, and fax machines without selling new communication equipment. The different modes include online, and offline and involve various service types such as inspection, maintenance, and repair. The global electronic and precision equipment repair and maintenance market is segmented - 1) By Type: Consumer Electronics Repair and Maintenance, Computer and Office Machine Repair and Maintenance, Communication Equipment Repair and Maintenance, Other Electronic and Precision Equipment Repair and Maintenance 2) By Mode: Online, Offline 3) By Service Type: Inspection, Maintenance, Repair The global electronic and precision equipment repair and maintenance market size will grow from $141.79 billion in 2022 to $151.83 billion in 2023 at a compound annual growth rate (CAGR) of 7.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The size of electronic and precision equipment repair and maintenance market is expected to grow to $192.79 billion in 2027 at a CAGR of 6.2%. An increase in sales of personal computing devices (PCD’s) is expected to propel the growth of the electronic and precision equipment repair and maintenance market. Personal computing devices refer to consumer devices such as desktop computers, laptops, smartphones, and tablets . Due to the pandemic, there was an increase in the number of people working from home, leading to an increase in PCD sales. With more people using PCD’s there is an increase in the need for maintenance and repair for such devices. For example, according to a 2022 report from Singapore based technology market analyst firm, Canalys, the worldwide shipments of desktops, notebooks and workstations for the year 2021 stood at 341 million units, 15% higher than last year, and 27% higher than 2019 and the largest shipment total since 2012. Therefore, the increase in the sale of personal computing devices is expected to drive the electronic and precision equipment repair and maintenance market going forward. Major companies in the electronic and precision equipment repair and maintenance market report are Juniper Networks Inc., Emcor Group, Illinois Tool Works Inc., Tsubakimoto Chain Co., and Apple Inc. Companies involved in the repair and maintenance of electronic equipment are using artificial intelligence (AI)-predictive analysis for increasing the quality of their services. This analysis with the use of IoT technology sensors enables the service providers to identify the critical part which can fail and understand the current status of the components. Companies including Neuron Soundware and KONUX use AI-predictive maintenance to identify anomalies and improve the detection and identification of potential breakdown causes. Western Europe was the largest region in the electronic and precision equipment repair and maintenance market in 2022. Asia-Pacific was the second-largest region in the global electronic and precision equipment repair and maintenance market share. The regions covered in the electronic and precision equipment repair and maintenance industry report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the global electronic and precision equipment repair and maintenance market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The electronic and precision equipment repair and maintenance market consists of revenues earned by entities that provide repair and maintenance services such as electronic products and navigational services, measuring services, and electromedical and control instruments services. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The electronic and precision equipment repair and maintenance market research report is one of a series of new reports from The Business Research Company that provides electronic and precision equipment repair and maintenance market statistics, including electronic and precision equipment repair and maintenance industry global market size, regional shares, competitors with an electronic and precision equipment repair and maintenance market share, detailed electronic and precision equipment repair and maintenance market segments, market trends and opportunities, and any further data you may need to thrive in the electronic and precision equipment repair and maintenance industry. This electronic and precision equipment repair and maintenance market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Institutional and office furniture refers to any piece of furniture with component parts that can stand alone and does not need to be installed, such as computer desks, chairs, file cabinets, tables, and lounge seating. The main types of institutional and office furniture are institutional furniture and office furniture. Any furnishing which is free-standing and does not necessitate component parts installation is considered office furniture. The different raw materials include wood, plastic, and metal and are distributed through various channels such as exclusive showrooms, online, supermarkets or hypermarkets, and others. The global institutional and office furniture market is segmented – 1) By Type: Institutional Furniture, Office Furniture 2) By Distribution Channel: Exclusive Showrooms, Online, Supermarkets/Hypermarkets, Other Distribution Channels 3) By Raw Material: Wood, Plastic, Metal Subsegments Covered: School Furniture , General Purpose Institutional Furniture, Public Bar, Bowling Center, Cafeteria, And Restaurant Furniture, Wooden Furniture, Metal Furniture, Plastic Furniture The global institutional and office furniture market size will grow from $223.39 billion in 2022 to $241.29 billion in 2023 at a compound annual growth rate (CAGR) of 8.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of institutional and office furniture is expected to grow to $318.05 billion in 2027 at a CAGR of 7.1%. Increasing demand for online shopping is expected to help the institutional and office furniture manufacturing market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the furniture manufacturing market. In countries such as India, for instance, e-commerce portals have boosted the sales of furniture manufacturers by giving larger exposure to producers who were confined to one geography. Major companies in the institutional and office furniture market include Steelcase Inc., Haworth, Inc., Herman Miller Inc., HNI Corporation, Kokuyo Co Ltd., Okamura Corporation, Itoki Corporation, Knoll Inc., Kimball International and Godrej & Boyce Mfg. Co. Ltd. The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the institutional and office furniture manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the institutional and office furniture market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy. Furniture manufacturers are adopting sustainable practices in their manufacturing process. This is mainly a result of growing consumer awareness of sustainable living that is resulting in increasing demand for eco–friendly furniture. This includes minimizing fuel consumption and recycling wood by-products. Companies manufacturing eco-friendly 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. Asia-Pacific was the largest region in the institutional and office furniture market in 2022. Western Europe was the second largest region in the institutional and office furniture market share. The regions covered in the institutional and office furniture market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the institutional and office furniture market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The institutional and office furniture market consists of sales of office chairs and tables, reception furniture, and retail sales. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The institutional and office furniture market research report is one of a series of new reports from The Business Research Company that provides institutional and office furniture market statistics, including institutional and office furniture industry, global institutional and office furniture market size, regional shares, competitors with institutional and office furniture market share, detailed institutional and office furniture market segments, market institutional and office furniture trends and opportunities, and any further data you may need to thrive in the institutional and office furniture industry. This institutional and office furniture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Furniture refers to a collective term for the goods made up of wood, plastic, and rubber that are used in a room for sitting, lying down, or storing items, such as tables, seats, beds, desks, dressers, and cupboards. Unlike less expensive woods like plywood, particleboard, and fiberboard, hardwood tabletops, desktops, and shelves won't slump over time. The main types of furniture are institutional and office furniture, household furniture, and kitchen cabinet, mattresses, blinds and shades. Household furniture refers to all mobile, compactable goods or machinery used to furnish a home, such as chairs, tables, sofas, mattresses, and so on. The different types of materials include metal, wood, others and is distributed through various channels such as exclusive showrooms, online, hypermarkets, others. The global furniture market is segmented - 1) By Type: Institutional And Office Furniture, Household Furniture And Kitchen Cabinet, Mattresses, Blinds And Shades 2) By Type of Material: Metal, Wood, Other Materials 3) By Distribution Channel: Exclusive Showrooms, Online, Hypermarkets, Other Distribution Channels Subsegments Covered: Institutional Furniture, Office Furniture, Household Furniture, Kitchen Cabinet, Mattresses, Blind And Shade The global furniture market size will grow from $691 billion in 2022 to $739.44 billion in 2023 at a compound annual growth rate (CAGR) of 7.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of global furniture is expected to grow to $935.9 billion in 2027 at a CAGR of 6.1%. Increasing demand for online shopping is expected to help the furniture manufacturing market grow. Manufacturers can now sell their products on a larger platform than before, which will increase their customer base geographically driving the growth of the furniture manufacturing market. In countries such as India, for instance, e-commerce portals have boosted the sales of furniture manufacturers by giving larger exposure to producers who were confined to one geography. Major companies in the furniture market include Ashley Furniture Industries Inc., Tempur Sealy International, Inc., Hunter Douglas N.V., Leggett & Platt Incorporated, Steelcase Inc., Haworth Inc., Herman Miller Inc., Masco Corporation, Man Wah holdings and Sleep Number company. The outbreak of Corona virus disease (COVID-19) has acted as a massive restraint on the furniture manufacturing market in 2022 as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments globally. COVID-19 is an infectious disease with flu-like symptoms including fever, cough, and difficulty in breathing. The virus was first identified in 2019 in Wuhan, Hubei province of the People’s Republic of China and spread globally including Western Europe, North America and Asia. Steps by national governments to contain the transmission have resulted in halting of manufacturing activities and a decline in economic activity with countries entering a state of 'lock down' and the outbreak had a negative impact on businesses throughout 2021 and into 2021. However, it is expected that the furniture manufacturing market will recover from the shock across the forecast period as it is a 'black swan' event and not related to ongoing or fundamental weaknesses in the market or the global economy Furniture manufacturers are investing in augmented reality technologies to help sales representatives present their products and customers in decision-making. Augmented reality mobile applications allow customers to place a virtual 3D model of furniture in a real room in real-time. This also helps customers view the furniture from all angles and positions. For instance, IKEA’s augmented reality application Place allows customers to preview over 2,000 pieces of furniture at home before purchasing them. Asia-Pacific was the largest region in the furniture market in 2022. Western Europe was the second largest region in the furniture market share. The regions covered in the furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the furniture market report are Argentina, Australia, Austria, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, USA, Venezuela, Vietnam. The furniture market consists of sales of commercial furniture, domestic furniture, wood, and plastic. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The furniture market research report is one of a series of new reports from The Business Research Company that provides furniture market statistics, including furniture industry global market size, regional shares, competitors with a furniture market share, detailed furniture market segments, market trends and opportunities, and any further data you may need to thrive in the furniture industry. This furniture market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

A serviced office is a furnished and fully-equipped pay-as-you-use office space, located in a building managed by the office that provides fully-furnished workspaces, building management services and additional facilities, such as printers, communal break rooms, meeting room and internet connection. The main types of offering in the serviced offices are private offices, virtual offices, and others. A fully enclosed space with a movable door that provides a workplace for one individual is referred to as a private office. The different space providers include big brands, and independent and are used by various verticals such as IT and telecommunications, media and entertainment, retail, and consumer goods. The global serviced office market is segmented - 1) By Offering: Private Offices, Virtual offices, Other Offerings 2) By Vertical: IT and Telcommunications, Media and Entertainment, Retail and consummer goods 3) By Space provider: Big brands, Independent The global serviced office market size will grow from $33.3 billion in 2022 to $39.49 billion in 2023 at a compound annual growth rate (CAGR) of 18.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The market size of the global serviced office is expected to grow to $74.21 billion in 2027 at a CAGR of 17.1%. Governments are increasingly supporting and funding start-ups and SMEs which is primarily contributing to the growth of serviced offices. The serviced office is a type of office which is supplied with each and everything needed for an office and it is offered on rent. Start-ups and SMEs will not have much funds, and time to build the office. Therefore, most firms move to Serviced offices or co-working spaces. According to the world bank, there are 400-500 million SMEs, and start-ups across the globe, and the number is increasing day by day due to extensive support by the government. Increased Government support and funds for start-ups and SMEs boosted the demand for the growth of serviced office market. Major players in the serviced office market are, WeWork Companies, ServCorp., Regus, IWG PLC., Bizspace Ltd., Alley, Croissant, Davinci Virtual, Greendesk, Hubble, Instant, JustCo., LiquidSpace, Office Freedom, Serendipity Labs, ShareDesk, TechSpace, The Office Group, Breather Inc. and Knotel. The lack of available space in some cities has always been a major challenge in the serviced office market. In recent years, the availability of large conventional spaces in well-developed countries has been decreasing and the land rate in desired locations is increasing due to which the service office provider firm is not able to afford to buy and supply the offices with the basic needs. The lack of large spaces can harm the serviced office market. The serviced offices are implementing the internet of things into their services. A smart serviced office came in most of the aspects as a serviced office except that a smart serviced office is equipped with sensors, interactive devices, etc. For companies that are concerned about costs, the smart serviced office provides management services with the use of technology. For instance, an empty meeting room or a quiet area within the smart serviced office can be found easily using sensors. There are many advantages to IoT in the serviced office. Smart serviced offices offer several advantages such as improved time management, efficiency, and reduced operational cost. In October 2021, Knotel, a US-based provider of flexible workspace solutions to customers, matching, tailoring, and managing their space acquired Deskeo, for an undisclosed amount. The acquisition will help Knotel to strengthen its future of flexible offices. Deskeo is a France-based leader in providing flexible and serviced offices to enterprises. Asia-Pacific was the largest region in the serviced office market in 2022. North America was the second largest region in the global serviced office market share. The regions covered in the global serviced office market analysis report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the serviced office market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The serviced office market consists of revenues earned by entities by providing services such as dedicated receptionists, administrative support as well and facilities like conference rooms, meeting rooms, air conditioning, and other utilities. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The serviced office market research report is one of a series of new reports from The Business Research Company that provides serviced office market statistics, including serviced office industry global market size, regional shares, competitors with a serviced office market share, detailed serviced office market segments, market trends and opportunities, and any further data you may need to thrive in the serviced office industry. This serviced office market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Nonresidential Green Buildings Market Definition

The nonresidential green buildings market consists of sales of nonresidential green buildings by entities which are involved in the construction of green buildings. Green Buildings, in their design, construction or operation, have minimal or no negative impacts on environment and climate, and have positive impacts by preserving natural resources and aiming to improve quality of life. This practice creates and uses healthier and more resource-efficient models of construction, renovation, operation, maintenance and demolition. The features that make a nonresidential building ‘green’ are efficient use of energy, water and other resources, use of renewable energy such as solar energy, pollution and waste reduction measures, and the enabling of re-use and recycling, good indoor environmental air quality, use of materials that are non-toxic, ethical and sustainable, consideration of the environment in design, construction and operation, consideration of the quality of life of occupants in design, construction and operation and a design that enables adaptation to the changing environment.