Global Contract Furniture Market Report 2024: Size, Drivers, And Top Segments
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The contract furniture market has witnessed robust growth, with its size expected to increase from $59.81 billion in 2023 to $63.61 billion in 2024, at a CAGR of 6.4%. This growth is attributed to corporate office expansions, evolving office design trends, and sustainable practices. Looking ahead, the market is projected to reach $78.93 billion by 2028, with a CAGR of 5.5%, driven by remote work culture and customization trends.
Contract furniture market growth is propelled by the rise in commercial spaces worldwide, as evidenced by Commercial Edge’s data on office listing rates and vacancy rates in the US.
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What Are The Key Trends That Influence Contract Furniture Market Share Analysis?
Product innovation is a driving force in the contract furniture market. Leading companies are developing innovative furniture solutions to strengthen their market positions. For example, in February 2022, Godrej Interior introduced Move Up, an ergonomic desk solution that promotes dynamic working postures. Move Up uses intelligent software to adjust its height based on user preferences, encouraging healthier work habits and enhancing productivity in modern office environments.
Which Market Players Are Driving Growth In The Contract Furniture Market?
Major companies operating in the contract furniture market report are Inter IKEA Systems BV,Herman Miller Inc., Steelcase Inc., Haworth Inc., LA-Z-Boy Inc., HNI Corporation, Okamura Corporation, Global Furniture Group, Arhaus Inc., Knoll Inc., Kimball International, Hooker Furniture, Kinnarps AB, OFS Brands Holdings Inc., Cabot Wrenn, Teknion Corporation, Pioneer Contract Furniture Ltd., Keilhauer Industries Ltd., Allseating Corporation, Allermuir Inc., Hauser Industries Inc., Jack Cartwright Inc., Carlick Contract Furniture Limited, Casala Limited, Modern Line Furniture, Aceray LLC.
How Is The Global Contract Furniture Market Segmented?
The contract furniture market covered in this report is segmented –
1) By Product Type: Chairs And Stools, Tables And Desks, Storage Furniture, Sofa And Couch, Other Product Types
2) By Materials: Upholstered, Non-Upholstered
3) By Distribution Channel: Offline, Online
4) By End-User: Government, Corporate Offices, Institutional, Healthcare Or Medical Facilities, Hospitality, Other End-Users
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The Contract Furniture Global Market Report 2024 provides an overview of the contract furnituremarket for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The contract furniture market forecast analyzes contract furniture market size, contract furniture market share, leading competitor and their market positions.
The Table Of Content For The Contract Furniture Market Include
1. Contract Furniture Market Executive Summary
2. Contract Furniture Market Segments
3. Contract Furniture Market Size And Template Market Growth Rate
4. Key Contract Furniture Market Trends
5. Major Contract Furniture Market Drivers
……
25. Key Mergers And Acquisitions In The Contract Furniture Market
26. Top Contract Furniture Companies
27. Contract Furniture Market Opportunities And Strategies
28. Contract Furniture Market, Conclusions And Recommendations
29. Appendix
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