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Global Contract Furniture and Furnishing Market Report and Forecast 2023-2028
Market Report I 2023-08-23 I 168 Pages I EMR Inc.
Global Contract Furniture and Furnishing Market Report and Forecast 2023-2028
Market Outlook
According to the report by Expert Market Research (EMR), the global contract furniture and furnishing market is projected to grow at a CAGR of 5.1% between 2023 and 2028. Aided by the increasing demand for modern furniture from schools and colleges, the market is expected to grow significantly by 2028.
Contract furniture, distinctively designed and manufactured for commercial use, encompasses an array of furniture products tailored for businesses, institutions, and other public places. This includes, but isn't limited to, office spaces, hotels, restaurants, hospitals, and educational institutions. The defining feature of contract furniture is its blend of aesthetics with durability, encompassing regulatory and safety considerations specific to the intended commercial use.
A burgeoning trend influencing the global contract furniture market growth is the evolving workspace dynamics. With the corporate sector increasingly adopting open office layouts and flexible working spaces, there's a growing emphasis on ergonomic and modular furniture. These designs not only foster collaboration but also cater to the well-being of the employees, addressing issues related to posture and comfort during prolonged working hours.
The hospitality industry, another significant end-user segment of contract furniture, is witnessing a shift towards offering personalised experiences to guests. Hotels and restaurants are investing in bespoke furniture solutions, aiming to merge comfort with a touch of uniqueness and luxury. These efforts, aimed at enhancing guest experience, are pivotal in driving the demand for specialised contract furniture in the sector.
Further boosting the contract furniture market demand is the burgeoning education sector. Institutions are transitioning away from traditional classroom settings, opting for flexible layouts to foster collaborative learning. This necessitates durable and functional furniture, capable of withstanding rigorous daily use while meeting the ergonomic needs of students.
In the healthcare sector, the demand for contract furniture is underscored by the need for specialised furnishing that adheres to health and safety regulations. Hospitals and clinics seek furniture that is not only comfortable for patients but also easy to clean and maintain, ensuring hygiene standards are uncompromised.
Sustainability trends have also begun to intersect with the contract furniture market. As businesses and institutions become more environmentally conscious, there's a rising demand for eco-friendly furnishing solutions. Manufacturers are increasingly leveraging recycled materials and sustainable production methods to cater to this demand, thus adding a new dimension to the contract furniture market outlook.
Market Segmentation
The market can be divided based on type, end use, and region.
Market Breakup by Type
- Desks and Tables
- Chairs and Stools
- Storage Cabinets
- Sofas
- Cafeteria Tables and Chairs
- Others
Market Breakup by End Use
- Hospitality and Food Services
- Offices and Home Offices
- Retail stores
- Institutions
- Others
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Competitive Landscape
The EMR report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global contract furniture and furnishing market. Some of the major players explored in the report by Expert Market Research are as follows:
- Haworth Inc.
- Herman Miller Inc.
- Kinnarps Ab
- Steelcase Inc.
- Others
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*We at Expert Market Research always strive to provide you with the latest information. The numbers in the article are only indicative and may be different from the actual report.
1 Preface
2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Contract Furniture and Furnishing Market Analysis
8.1 Key Industry Highlights
8.2 Global Contract Furniture and Furnishing Historical Market (2018-2022)
8.3 Global Contract Furniture and Furnishing Market Forecast (2023-2028)
8.4 Global Contract Furniture and Furnishing Market by Type
8.4.1 Desks and Tables
8.4.1.1 Historical Trend (2018-2022)
8.4.1.2 Forecast Trend (2023-2028)
8.4.2 Chairs and Stools
8.4.2.1 Historical Trend (2018-2022)
8.4.2.2 Forecast Trend (2023-2028)
8.4.3 Storage Cabinets
8.4.3.1 Historical Trend (2018-2022)
8.4.3.2 Forecast Trend (2023-2028)
8.4.4 Sofas
8.4.4.1 Historical Trend (2018-2022)
8.4.4.2 Forecast Trend (2023-2028)
8.4.5 Cafeteria Tables and Chairs
8.4.5.1 Historical Trend (2018-2022)
8.4.5.2 Forecast Trend (2023-2028)
8.4.6 Others
8.5 Global Contract Furniture and Furnishing Market by End Use
8.5.1 Hospitality and Food Services
8.5.1.1 Historical Trend (2018-2022)
8.5.1.2 Forecast Trend (2023-2028)
8.5.2 Offices and Home Offices
8.5.2.1 Historical Trend (2018-2022)
8.5.2.2 Forecast Trend (2023-2028)
8.5.3 Retail stores
8.5.3.1 Historical Trend (2018-2022)
8.5.3.2 Forecast Trend (2023-2028)
8.5.4 Institutions
8.5.4.1 Historical Trend (2018-2022)
8.5.4.2 Forecast Trend (2023-2028)
8.5.5 Others
8.6 Global Contract Furniture and Furnishing Market by Region
8.6.1 North America
8.6.1.1 Historical Trend (2018-2022)
8.6.1.2 Forecast Trend (2023-2028)
8.6.2 Europe
8.6.2.1 Historical Trend (2018-2022)
8.6.2.2 Forecast Trend (2023-2028)
8.6.3 Asia Pacific
8.6.3.1 Historical Trend (2018-2022)
8.6.3.2 Forecast Trend (2023-2028)
8.6.4 Latin America
8.6.4.1 Historical Trend (2018-2022)
8.6.4.2 Forecast Trend (2023-2028)
8.6.5 Middle East and Africa
8.6.5.1 Historical Trend (2018-2022)
8.6.5.2 Forecast Trend (2023-2028)
9 North America Contract Furniture and Furnishing Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2022)
9.1.2 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Historical Trend (2018-2022)
9.2.2 Forecast Trend (2023-2028)
10 Europe Contract Furniture and Furnishing Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2022)
10.1.2 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Historical Trend (2018-2022)
10.2.2 Forecast Trend (2023-2028)
10.3 France
10.3.1 Historical Trend (2018-2022)
10.3.2 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Historical Trend (2018-2022)
10.4.2 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific Contract Furniture and Furnishing Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2022)
11.1.2 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Historical Trend (2018-2022)
11.2.2 Forecast Trend (2023-2028)
11.3 India
11.3.1 Historical Trend (2018-2022)
11.3.2 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Historical Trend (2018-2022)
11.4.2 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Historical Trend (2018-2022)
11.5.2 Forecast Trend (2023-2028)
11.6 Others
12 Latin America Contract Furniture and Furnishing Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2022)
12.1.2 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Historical Trend (2018-2022)
12.2.2 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Historical Trend (2018-2022)
12.3.2 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa Contract Furniture and Furnishing Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2022)
13.1.2 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2022)
13.2.2 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Historical Trend (2018-2022)
13.3.2 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Historical Trend (2018-2022)
13.4.2 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Haworth Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Herman Miller Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Kinnarps Ab
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Steelcase Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Others
16 Key Trends and Developments in the Market
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