Institutional And Office Furniture Market, Industry Trends, Revenue Growth, Key
Posted by ramacharitbrc on August 25th, 2020
The Business Research Company published its Institutional And Office Furniture Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global Institutional And Office Furniture market. The report provides in-depth analysis of the impact of COVID-19 on the market, along with revised market numbers due to the effects of the coronavirus.
The report covers the institutional and office furniture market’s segments-
1) By Type: Institutional Furniture, Office Furniture
2) By Distribution channel: Exclusive Showrooms, Online, Supermarkets/Hypermarkets, Others
3) By Raw Material: Wood, Plastic, Metal.
Subsegments covered: School Furniture , General Purpose Institutional Furniture, Public Bar, Bowling Center, Cafeteria, And Restaurant Furniture, Wooden Furniture, Metal Furniture, Plastic Furniture.
Institutional And Office Furniture Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
The global institutional and office furniture market is expected to decline from 2.7 billion in 2019 to 6.8 billion in 2020 at a compound annual growth rate (CAGR) of -2.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach 0.3 billion in 2023.
Globally, furniture manufacturers are reallocating their production plants. Rapid wage increases, rising transportation costs and the difficulty of effective quality control at offshore locations are leading them to reassess the attractiveness of off-shoring production locations in developing countries; therefore furniture manufacturers are opting for near shore production facilities.
Few Points From Table Of Content:
1. Executive Summary
2. Report Structure
3. Institutional And Office Furniture Market Characteristics
4. Institutional And Office Furniture Market Product Analysis
5. Institutional And Office Furniture Market Supply Chain
21. Key Mergers And Acquisitions In The Institutional And Office Furniture Market
22. Market Background: Furniture Market
25. Copyright And Disclaimer
Few Points From List Of Tables
Table 1: Historic Market Growth, Value ($ Billion)
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