Office Furniture Market in the US 2015-2019

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Office Furniture Market in the US 2015-2019

The report discusses the following in-depth:

• Market Size and Forecast

• Market Segmentation

• Buying Criteria

• Vendor Landscape

• Business Segmentation

• Geographical Segmentation

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Key Trends

Technavio’s Senior Analyst says, “The number of offices has increased in the US in the past few years, which has played a crucial role in propelling market growth. The growing presence of MNCs across the country has increased employment opportunities, fueling the demand for office space. This has further increased the demand for office furniture. Apart from this, government support has also augmented market growth.”

• Office furniture is an asset intended for use in offices. It is specifically designed and used in commercial settings. It has an average service life of 8-11 years and is upgraded regularly to maintain corporate esthetics. It is one of the key revenue generators of the overall furniture market in the US.

• The office furniture market in the US is expected to grow significantly at a CAGR of 11.27% in terms of consumption during 2014-2019.

• Understanding the key drivers influencing the market

• Understanding the challenges faced by the market

• Activities of various stakeholders involved

• Key focus areas for the vendors

• Major trends that will shape the future of this market

• Vendor landscape and trajectory of the market

• Conclusion

Scope of The Report

A detailed analysis of each market driver, challenge

and trend isavailable in our report:

Office Furniture Market in the US 2015-2019

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Vendors

To understand the vendor landscape and

for a full list of vendors view our report:

Office Furniture Market in the US 2015-2019

Haworth

HNI

Herman Miller

Haworth, founded in 1948, is a family-owned and privately held company serving markets in more than 120 countries through a global network of 650 dealers and 6,000 employees. The company registered net sales of $1.8 billion in 2014.

The company focuses on developing relevant and differentiated end-user solutions focused on quality, style, esthetics, sustainable design, and on reducing manufacturing costs.

Herman Miller was established in 1905 and is headquartered in Zeeland, Michigan, US. It provides interior furnishings for office, healthcare, educational, and residential settings.

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Market Landscape

• Growth of the furniture industry in the US was subdued in the first decade of the 21st century because of a domestic economic breakdown and the closure of several offices.

• However, growth has increased in the past few years because of an improving economic scenario.

• Sales of household furniture have accelerated because of increased construction, technological development, broadband penetration, and the rise in disposable income.

• Apart from this, a boom in the real estate industry, the decreasing unemployment rate, and increased sustainability initiatives are boosting the growth of the office furniture market in the US.

• The growing young population has changed end-user preferences considerably.

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Key Buying CriteriaGuest Bloggers

• Authenticity • Delivery • Price• Service

Support

Parameter Details

Variability Consumers prefer to have a plethora of options to choose from. Therefore, retailers should differentiate their products effectively to attract consumer attention.

Service Delivery Products should be delivered on time to avoid customer dissatisfaction.

Cost-effectiveness Products should be available at a reasonable price.

Customer Service SupportVendors should provide timely and comprehensive help and support for technical or operational issues by offering several contact methods, including online chat, telephone, and email.

• Growth Forecasts?

• Market Analysis?

• Revenue Forecasts?

• Regional and Country level Analysis?

• Competitive Structure?

• Emerging Trends?

• Vendor Landscape?

• Other?

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Office Furniture Market in the US 2015-2019

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