Overview:

The China office furniture market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. The office furniture includes internal infrastructure of the office such as chairs, desks, tables, and other products. These furniture products play key role in improvement of overall look of office space. Wood is commonly used raw material for manufacturing furniture followed by metal.

Market Dynamics:

Rising refurbishment activities in commercial sector and increasing new office infrastructure projects are key factors driving growth of the China office furniture market. In addition, growing consumer willingness to pay high amount on infrastructure improvement is another factor propelling growth of the target market. Also, increased market competition is leading to growth in marketing activity, which is another factor supporting the market growth to certain extent. Rising focus on use of ecofriendly materials for manufacturing office furniture is another factor expected to create lucrative opportunities for key players during the forecast period, thereby is driving the market growth.

Growing trend of modular furniture deployment in various end use industries is among the other factor driving growth of the China office furniture market. Moreover, development of online platforms, increasing number of furniture E-commerce companies, and startups are other factors propelling the demand and is expected to further drive the market growth to a considerable extent.

Key Trend:

Product launches by key manufacturers is a key trend observed in the market. For instance, in September 2019, OKAMURA Corporation launched new office desk system namely OREE. Thus, rising focus on product launches is expected to drive growth of the target market during the forecast period.

Scope of the Report:

Detailed Segmentation:

China Office Furniture Market, By Material:

• Wood
• Metal
• Plastic
• Other Material

China Office Furniture Market, By Distribution Channel:

• Offline
• Online

China Office Furniture Market, By Product Type:

• Seating
• Modular Furniture
• Desks & Tables
• Other Product Types

Key Players Covered:

Key players operating in the market includes, Steelcase Inc., OKAMURA CORPORATION, HNI Corporation, Herman Miller, Inc., Haworth Inc., Knoll Inc., KOKUYO Co., Ltd., Meridian Office Group, Kimball International, and 9to5 Seating.

Key features of the study:

Foresight Market Research provides detailed analysis on China market in our report- China Office Furniture Market by material, distribution channel, product type, and country. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2018 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the China office furniture market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, ongoing trends, market expansion, and marketing tactics used overall the globe.