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Wednesday, October 27, 2021

Global Contract Furniture and Furnishing Market to be Driven by the Increasing use of furniture in the Forecast Period of 2021-2026

 The new report by Expert Market Research titled, ‘Global Contract Furniture and Furnishing Market Size, Share, Price, Trends, Growth, Report and Forecast 2021-2026’, gives an in-depth analysis of the global contract furniture and furnishing market, assessing the market based on its segments like type, end-use and major regions. The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.

Note 1: For a snapshot of the primary and secondary data of the market (2016-2026), along with business strategies and detailed market segmentation, please click on request sample report. The sample report shall be delivered to you within 24 hours.

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The key highlights of the report include:

Market Overview (2016-2026)

• Forecast CAGR (2021-2026): 7%

The global contract furniture and furnishing industry is being driven by increasing demand for modern furniture for international schools as they have as they aspire to build aesthetically attractive educational centres. Educational institutions are increasingly focusing on upgrading its infrastructure by installing different patterns and wooden panels. They also organise rooms by colour and use modular furniture to improve the educational environment's efficiency. Furthermore, the academic institutions prefer contract furniture and furnishing products due to their limited financial resources, which is likely to witness a robust growth of the contract furniture and furnishing industry.

Industry Definition and Major Segments

Contract furniture and furnishings are office or commercial furniture and furnishings that are produced to satisfy industry standards. Desks and workstations, chairs and tables, storage cabinets and shelves, and sofa sets are all examples of contract furniture. It is mostly found in restaurants, hotels, workplaces, schools, and institutions, as well as waiting rooms and reception areas.

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The contract furniture and furnishing market, on the basis of type, can be segmented into:

• Desks and Tables
• Chairs and Stools
• Storage Cabinets
• Sofas
• Cafeteria Tables and Chairs
• Others

On the basis of end-use, the market can be segmented into:

• Hospitality and Food Services
• Offices and Home Offices
• Retail stores
• Institutions
• Others

The regional markets include:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East and Africa

Market Trends

The increasing use of furniture in a wide range of business areas such as hospitals, corporate offices, retail shops, and hospitality sectors is propelling the contract furniture and furnishing market. However, because of the ongoing market trend, furniture preferences in various business areas are developing. The latest trend towards digitalization seems to have a significant impact on the furniture industry. Such furniture is increasingly being used in commercial and industrial applications to provide convenience and comfort to employees, hence enhancing productivity. Therefore, by this factor the smart furniture sales demand has been increased. Moreover, the increasing adoption of intelligent furniture has been recognized as one of the key contract furniture and furnishing industry trends that will aid the market growth in the forecast period.

Key Market Players

The major players in the market are Haworth Inc., Herman Miller Inc., Kinnarps Ab, Knoll Inc., Steelcase Inc., and Others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.

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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

About Us:

Expert Market Research is a leading business intelligence firm, providing custom and syndicated market reports along with consultancy services for our clients. We serve a wide client base ranging from Fortune 1000 companies to small and medium enterprises. Our reports cover over 100 industries across established and emerging markets researched by our skilled analysts who track the latest economic, demographic, trade and market data globally.

At Expert Market Research, we tailor our approach according to our clients’ needs and preferences, providing them with valuable, actionable and up-to-date insights into the market, thus, helping them realize their optimum growth potential. We offer market intelligence across a range of industry verticals which include Pharmaceuticals, Food and Beverage, Technology, Retail, Chemical and Materials, Energy and Mining, Packaging and Agriculture.

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Determined to bring client satisfaction, we make sure that our tailored approach meets the client’s unique market intelligence requirements. Our syndicated and customized research reports cover a wide spectrum of industries ranging from pharmaceuticals and food and beverage to packaging, logistics, and transportation.

Media Contact

Company Name: EMR Inc.
Contact Person: Mathew Williams, Business Consultant
Toll Free Number: US +1-415-325-5166 | UK +44-702-402-5790
Address: 30 North Gould Street, Sheridan, WY 82801, USA
City: Sheridan
State: Wyoming
Country: United States

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*We at Expert Market Research always thrive to give you the latest information. The numbers in the article are only indicative and may be different from the actual report.


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