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 report at:
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 $152 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 $82
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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