By 2028 Contract Furniture Market will Valued Around USD 74.8 Bn – Credence Research

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By 2028 Contract Furniture Market will Valued Around USD 74.8 Bn - Credence Research
The Global Contract Furniture Market generated revenue of around USD 56.5 billion in 2021 and is anticipated to grow a CAGR of over 4.8% during the forecast period from 2022 to 2028 to reach around USD 74.8 billion in 2028.

The latest market report published by Credence Research, Inc. “Global Contract Furniture Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028”. The Global Contract Furniture Market generated revenue of around USD 56.5 billion in 2021 and is anticipated to grow a CAGR of over 4.8% during the forecast period from 2022 to 2028 to reach around USD 74.8 billion in 2028.

Contract furniture is increasingly being employed in commercial sectors such as corporate parks, luxury hotels and restaurants, and schools. Also, increased investment in interior decor has driven up average contract furnishing expenses since it makes the environment more pleasant and organized. The rise of the e-commerce sector, as well as product marketing or advertising on social media and other online platforms, all contribute to the growth of the contract furniture market. In addition, the global contract furniture market is likely to be driven by the greater use of ergonomic office furniture, which supports market demand for ergonomic furniture. Furthermore, consumer acceptance of environmentally friendly contract furniture is expected to drive market growth over the next few years. Moreover, increased technological improvements will enhance the contract furniture industry in the coming years. Charging tables, smart sofas, smart showerheads, food-tracking refrigerators, and smart wardrobes, among other things, may be controlled remotely via smart devices such as smartphones and tablets in corporate offices, luxury hotels, restaurants, and pubs. All of these reasons contributed to an increase in the demand for contract furniture in the market.

The global Contract Furniture Market is bifurcated into Product Type, End-User, Distribution Channel, and Geography. Based on product type, the market is segmented into desks & tables, chairs & stools, storage cabinets, sofas, cafeteria tables & chairs, and others (presentation stands & lightings etc.). On the basis of end-user, the market is categorized into corporate offices, hospitals, hospitality & food services, institutions, and others (schools, airports etc.). On the basis of distribution channel, the market is segmented into online and offline. The online segment is further categorized into e-commerce websites and company-owned websites. The offline segment is further categorized into specialty stores, furniture marts, and other retail-based stores. Based on geography, the market is segmented as North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.

Asia-Pacific accounted for the largest revenue share of the global contract furniture market in 2021 due to increased commercialization in developing nations like China, India, and Japan over the past few years. As a result, there has been an increase in the demand for contract furniture in this area. Moreover, the recent entry of important furniture producers into the Asia Pacific region has raised the demand for contract furniture in the market. On the other side, Europe is predicted to expand significantly over the forecast period due to the expansion of the tourism industry, which is strengthening the hospitality industry and raising demand for upscale furniture. Also, Europe is one of the major regions where furniture exports outpace imports, particularly in countries such as, Italy, Germany, and France.

Browse full report with recent table, list and figures –   Global Contract Furniture Market: Growth, Future Prospects, and Competitive Analysis, 2016 – 2028

Why to Buy This Report-

  • The report provides a qualitative and quantitative analysis of the global contract furniture market by segments, current trends, drivers, restraints, opportunities, challenges, and market dynamics with the historical period from 2016-2020, base year- 2021, and forecast period 2022-2028.
  • The report contains information related to the competitive landscape like how the key players in the market are operating at a global, regional, and country level.
  • In-depth analysis of the global contract furniture market segmentation based on product type, end-user, and distribution channel.
  • Major countries in each region with their import/export statistics.
  • The global contract furniture market report also includes analysing of the global, regional, and country levels, key market trends, significant players analysis, market growth strategies, and key application areas.

Table of content:

1. Preface

1.1. Report Description

1.1.1. Purpose of the Report

1.1.2. Target Audience

1.1.3. USP and Key Offerings

1.2. Research Scope

1.3. Research Methodology

1.3.1. Phase I – Secondary Research

1.3.2. Phase II – Primary Research

1.3.3. Phase III – Expert Panel Review

1.3.4. Approach Adopted

1.3.4.1. Top-Down Approach

1.3.4.2. Bottom-Up Approach

1.3.5. Assumptions

1.4. Market Segmentation

2. Executive Summary

2.1. Market Snapshot: Global Contract Furniture Market

2.2. Global Contract Furniture Market, By Product Type

2.3. Global Contract Furniture Market, By End-User

2.4. Global Contract Furniture Market, By Distribution Channel

2.5. Global Contract Furniture Market, By Region

3. Market Dynamics & Factors Analysis

3.1. Introduction

3.1.1. Global Contract Furniture Market Value, 2016-2028, (US$ Bn)

3.2. Market Dynamics

3.2.1. Key Growth Trends

3.2.2. Market Drivers

3.2.3. Market Restraints

3.2.4. Market Opportunities

3.2.5. Major Industry Challenges

3.3. Attractive Investment Proposition,2021

3.3.1. Product Type

3.3.2. End-User

3.3.3. Distribution Channel

3.3.4. Geography

4. Premium Insights

4.1. STAR (Situation, Task, Action, Results) Analysis

4.2. Porter’s Five Forces Analysis

4.2.1. Threat of New Entrants

4.2.2. Bargaining Power of Buyers/Consumers

4.2.3. Bargaining Power of Suppliers

4.2.4. Threat of Substitute Types

4.2.5. Intensity of Competitive Rivalry

4.3. Value Chain Analysis

4.4. Technology Analysis

4.5. Marketing Strategy Analysis

4.5.1. Direct Marketing

4.5.2. Indirect Marketing

4.5.3. Marketing Channel Development Trend

5. Market Positioning of Key Players, 2021

5.1. Company market share of key players, 2021

5.2. Competitive Benchmarking

5.3. Market Positioning of Key Vendors

5.4. Geographical Presence Analysis

5.5. Major Strategies Adopted by Key Players

5.5.1. Key Strategies Analysis

5.5.2. Mergers and Acquisitions

5.5.3. Partnerships

5.5.4. Product Launch

5.5.5. Geographical Expansion

5.5.6. Others

6. COVID 19 Impact Analysis

6.1. Global Contract Furniture Market Pre Vs Post COVID 19, 2019 – 2028

6.2. Impact on Import & Export

6.3. Impact on Demand & Supply

7. Global Contract Furniture Market

7.1. Global Contract Furniture Market, by Product Type, 2016-2028(US$ Bn)

7.1.1. Overview

7.1.2. Global Contract Furniture Market, By Product Type, 2021 vs 2028 (in%)

7.1.3. Global Contract Furniture Market, By Desks & Tables, 2016-2028 (US$ Bn)

7.1.4. Global Contract Furniture Market, By Chairs & Stools, 2016-2028 (US$ Bn)

7.1.5. Global Contract Furniture Market, By Storage Cabinets, 2016-2028 (US$ Bn)

7.1.6. Global Contract Furniture Market, By Sofas, 2016-2028 (US$ Bn)

7.1.7. Global Contract Furniture Market, By Cafeteria Tables & Chairs, 2016-2028 (US$ Bn)

7.1.8. Global Contract Furniture Market, By Others (Presentation Stands, & Lighting etc.), 2016-2028 (US$ Bn)

7.1.9.

7.2. Global Contract Furniture Market, by End-User, 2016-2028(US$ Bn)

7.2.1. Overview

7.2.2. Global Contract Furniture Market, By End-User, 2021 vs 2028 (in%)

7.2.3. Global Contract Furniture Market, By Corporate Offices, 2016-2028 (US$ Bn)

7.2.4. Global Contract Furniture Market, By Hospitals, 2016-2028 (US$ Bn)

7.2.5. Global Contract Furniture Market, By Hospitality & Food Services, 2016-2028 (US$ Bn)

7.2.6. Global Contract Furniture Market, By Institutions, 2016-2028 (US$ Bn)

7.2.7. Global Contract Furniture Market, By Others (Schools, Airports etc.), 2016-2028 (US$ Bn)

7.3. Global Contract Furniture Market, by Distribution Channel, 2016-2028(US$ Bn)

7.3.1. Overview

7.3.2. Global Contract Furniture Market, By Distribution Channel, 2021 vs 2028 (in%)

7.3.3. Global Contract Furniture Market, By Online, 2016-2028 (US$ Bn)

7.3.4. Global Contract Furniture Market, By Offline, 2016-2028 (US$ Bn)

8. North America Contract Furniture Market Analysis

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9. Europe Contract Furniture Market Analysis

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10. Asia Pacific Contract Furniture Market Analysis

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11. Latin America Contract Furniture Market Analysis

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12. Middle East and Africa Contract Furniture Market Analysis

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13. Company Profiles

13.1.1. Carlick Contract Furniture Company

13.1.2. Company Overview

13.1.3. Types/Services Portfolio

13.1.4. Geographical Presence

13.1.5. Financial Summary

13.1.5.1. Market Revenue and Net Profit (2019-2021)

13.1.5.2. Business Segment Revenue Analysis

13.1.5.3. Geographical Revenue Analysis

13.2. Forest Contract

13.3. Haworth Inc.

13.4. Herman Miller Inc.

13.5. Humanscale International Holdings Ltd.

13.6. Kinnarps AB

13.7. Knoll Inc.

13.8. Pioneer Contract Furniture Ltd.

13.9. Sitraben Contract Furniture Ltd.

13.10. Steelcase Inc.

13.11. Others

……………toc continued

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