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Major contract furniture market participants are Herman MillerInc., Haworth Inc., Steelcase Inc., Ashley Furniture Industries, IKEA, Kimball International Inc., Copeland, Hauser Industries Inc., Global Furniture Group, Sedus, Creative Wood, Carlick Contract Furniture Company, Humanscale International Holding Ltd., Kinnarps Ab, and Godrej & Boyce Manufacturing Co., Ltd.
SELBYVILLE, Del., Sept. 14, 2022 /PRNewswire/ — The contract furniture market is expected to cross a valuation of around USD 95 billion by 2030, according to the latest research analysis by Global Market Insights Inc. Prevalent need to improve commercial infrastructure will drive the global industry trends. The concept of ergonomics in the market, along with the increasing uptake of such furniture for personal working space, will boost product demand. Subsequently, the surging uptake of commercial furniture to support remote working positively influenced the business scenario.
An increase in back-office infrastructure may emerge as a major limiting factor. As these spaces do not require contract furniture, they may hamper product adoption. Moreover, the closed technology system in private companies has also restricted the use of contract furniture in the office and corporate buildings that promote separation. Nevertheless, the latest advancements in the field may encourage players to eventually overcome this restraint.
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Increasing number of construction projects to push the demand for non-upholstered furniture
The non-upholstered contract furniture market is slated to capture more than 25% of the revenue share by 2030. The growth is attributed to rising consumer expenditure and prominent commercial construction projects on account of the growing working population.
Government end-user segment to depict an appreciable growth
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