The prime reason for shrinking workspace is the rise in real estate rates. Shrinking office space and high cost of commercial leases have boosted the demand for multi-functional office furniture across the world. The demand for multipurpose furniture is increasing which have influenced manufacturers to introduce multifunctional and customized products. Due to the rise in the number of startups across the world, the demand for such furniture is expected to increase during the forecast period.
Multifunctional furniture would also witness demand from international schools. These schools require furniture that is multipurpose, collaborative, and portable owing to the evolved teaching methodology. Also, the demand for customized office furniture is increasing according to their theme and work culture. Hence, the increasing consumer preference for multinational and customized furniture is expected to support the global office furniture market to grow at a CAGR of 5.86% during the forecast period.
Top office furniture companies in the US covered in this report
The office furniture market in the US is highly fragmented. The market is in the growth phase, and the competition is expected to become more intense by the end of the forecast period. To help clients improve their revenue share in the market, this research report provides an analysis of the market’s competitive landscape and offers information on the products offered by various leading companies. Additionally, this office furniture market in the US analysis report suggests strategies companies can follow and recommends key areas they should focus on, to make the most of upcoming growth opportunities.
The report offers a detailed analysis of several leading companies, including: