Learn about the global institutional and office furniture market through The Business Research Company, which provides information on institutional and office furniture market size, institutional and office furniture market drivers and restraints, institutional and office furniture market players, the COVID-19 impact on the institutional and office furniture market, and more.

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The global institutional and office furniture market is expected to grow from $164.2 billion in 2020 to $200. billion in 2021 at a compound annual growth rate (CAGR) of 22%. The growth is mainly due to the companies rearranging their operations and recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The market is expected to reach $257.6 billion in 2025 at a CAGR of 6%.

Increasing demand for online shopping is expected to help the institutional and office furniture manufacturing market grow

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The institutional and office furniture market consists of sales of institutional and office furniture by entities (organizations, sole traders and partnerships) that produce institutional and office furniture by designing office furniture including office chairs and desks, office and store fixtures, such as showcases.

Global Institutional And Office Furniture Market Segments Include:
By Type: Institutional Furniture, Office Furniture
By Distribution Channel: Exclusive Showrooms, Online, Supermarkets/Hypermarkets, Others
By Raw Material: Wood, Plastic, Metal
Subsegments Covered: School Furniture, General Purpose Institutional Furniture, Public Bar, Bowling Centre, Cafeteria, And Restaurant Furniture, Wooden Furniture, Metal Furniture, Plastic Furniture

By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific was the largest region in the global institutional and office furniture market, accounting for 36% of the market in 2020.

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 wood by products. Companies manufacturing eco-friendly furniture products procure wood from plantations that grow sustainable plants and have a long-term conservation policy.

TBRC’s institutional and office furniture market report covers:

Major Market Players: IKEA AB, Herman Miller Inc, HNI Corporation, Okamura Corporation, Knoll Inc

Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.

Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)

The Institutional And Office Furniture Global Market Report 2021 – COVID-19 Impact And Recovery to 2030 is one of a series of new reports from The Business Research Company that provides institutional and office furniture market overviews, analyses and forecasts market size, share, institutional and office furniture market players, institutional and office furniture market segments and geographies, leading competitor revenues, profiles and market shares.

TBRC’s institutional and office furniture market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.

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