The U.S. Office Furniture market is expected to reach
USD 14.31 billion by 2025, according to a new report by Grand View Research,
Inc. Vigorous growth in commercial and office building construction and
remodeling activity is anticipated to buoy demand as companies furnish new
office spaces. Following a trough in 2010, office furniture manufacturers and
suppliers benefited from rising employment levels as layoffs ebbed and
businesses hired new workers.
Demand for desks and tables is forecast to advance
with a CAGR of 4.3% from 2017 to 2025, the fastest rate of any office furniture
segment, reaching $3.32 billion in 2025. Ongoing advances in office
construction activity and an uptick in business improvement expenditures will
drive gains. In addition, ongoing trends toward more open, collaborative, and
customizable workspaces will boost sales of desks and tables, largely at the
expense of more compartmentalized modular office systems. Likewise, the
continued proliferation of electronic devices to support office activities will
buoy demand for desks and tables featuring built-in outlets, cord management
systems, and other compatible features. Even so, competition from modular
systems and used furniture dealers will stymie faster gains.
Desks and tables offer open-air workspaces for
individual use or group meetings. Product innovations accompany developments in
office tools and work styles. In particular, developments in the electronic
industry affected product designs over the historical period. For example, the
widespread digitization of work processes and reduction in computer size has
promoted the use of desks with smaller work surfaces and less storage.
Full
Research Report On U.S. Office Furniture Market By Grand View Research:
www.grandviewresearch.com/industry-analysis/us-office-furniture-market
www.grandviewresearch.com/industry-analysis/us-office-furniture-market
Further
key findings from the report suggest:
- The U.S. Office Furniture market was valued at
10.74 billion in 2016 and is expected to grow at a CAGR of 3.2% from 2017
to 2025
- Modular systems emerged as the largest solution
segment in 2016 and is estimated to generate revenue over USD 3.88 billion
by 2025
- The demand for desks & tables in the U.S.
Office Furniture market was USD 2.16 billion in 2016 and is anticipated to
witness staggered growth over the next eight years
- Key players including Herman Miller, HNI
Corporation, Steelcase, Haworth, and Teknion Corporation dominated the
U.S. office furniture market in 2016
Browse
More Reports Of This Category By Grand View Research:
Grand View Research has segmented the U.S. office furniture market on the
basis of products.
Product
Outlook (Revenue, USD Billion, 2014 - 2025)
- Seating
- Modular
Systems
- Desks
& Tables
- Others
Access
Press Release Of This Research Report By Grand View Research:
www.grandviewresearch.com/press-release/us-office-furniture-market-analysis
www.grandviewresearch.com/press-release/us-office-furniture-market-analysis
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
For More
Information: www.grandviewresearch.com
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