Global Institutional And Office Furniture Manufacturing Market Is Forecast
Posted by sainath on December 31st, 2018
The Business Research Company’s global institutional and office furniture manufacturing market analysis covers the year-on-year growth of the global institutional and office furniture manufacturing market historic and forecast growth. It also includes chapters on the institutional and office furniture manufacturing market trends, geographical analysis, and competitive landscape.
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The global institutional and office furniture manufacturing market is forecast to grow at a CAGR (compound annual growth rate) of around 10% to 2020.
Institutional And Office Furniture Manufacturing Market Segmentation
According to TBRC’s global institutional and office furniture manufacturing market research, the market is split by segments into Institutional Furniture, and Office Furniture.
Institutional furniture was the largest segment in the global institutional and office furniture manufacturing market with around 66% share of the market. This can be mainly attributed to rapid growth in the education industry in countries such as China and India. institutional furniture manufacturing include companies engaged in producing general purpose institutional furniture for schools, libraries, churches and theaters. These products may be assembled or unassembled and manufactured on a custom or stock basis.
Office furniture was the second largest segment in the global institutional and office furniture manufacturing market with about 34% share of the market. The office furniture market includes wood office furniture manufacturing firms and office furniture (except wood) manufacturing companies.
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Asia Pacific was the largest region in the institutional and office furniture manufacturing market, worth nearly USD152 billion. This can be attributed to high demand for office furniture from commercial establishments owing to economic growth in the country and also due to rapid growth in the education industry in China and India. North America was the second largest region worth around USD82 billion.
The global institutional and office furniture manufacturing market report covers the following regions under the geographical analysis section: Asia Pacific, Western Europe, North America, Middle East, Africa, South America, and Eastern Europe. Major countries under each of these regions are also covered under the country analysis chapters.
The global institutional and office furniture manufacturing market’s segment shares in each geographic region are mentioned in the report, along with the historic and forecast growth rates for each segment presented visually with supporting reasons to justify the growth rates.
The top companies included in the report are IKEA AB, Herman Miller Inc, HNI Corporation, Okamura Corporation, Knoll, and Leggett & Platt.
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About the Authorsainath
Joined: June 13th, 2018
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