Companies Included: IKEA AB, Herman Miller Inc.,
HNI Corporation, Okamura Corporation, Knoll, and Leggett & Plat
The institutional and office furniture
manufacturing market comprise firms are involved in designing office furniture
including office chairs and desks, office and store fixtures, such as
showcases. It also includes firms involved in producing all types of furniture
parts and frames. The institutional and office furniture manufacturing market
in this report is segmented into institutional furniture and office furniture.
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report at:
The global institutional and office
furniture manufacturing market has been growing in the past years with a CAGR
of almost 10%. The year 2017 recorded high growth in this market with a net
market value more than 30% higher than that of 2013, as per TBRC’s in-house
consultants.
TBRC’s latest report show the historic
and future trends in the market for each year with sourced reasons to support
the growth claims.
The report also shows the global institutional
and office furniture manufacturing market to grow at a higher CAGR by 2021 as
compared to 2017, along with geographies best suited for investments with
highest return rate.
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Furniture manufacturers are adopting
sustainable practices in their manufacturing process. This is mainly a result
of growing consumer awareness on sustainable living that is resulting in
increasing demand for eco–friendly furniture. This includes minimizing fuel
consumption and recycling sheet metal and wood by–products. Companies
manufacturing ecofriendly furniture products procure wood from plantations that
grow sustainable plants and have a long term conservation policy. For example,
Crate and Barrel, a North American home retailer is working directly with the
Tropical Forest Trust to ensure that the selected hardwood for manufacturing of
their furniture is from sustainable plantations that are managed for their long
term conservation.
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Companies included in the report are IKEA
AB, Herman Miller Inc, HNI Corporation, Okamura Corporation, Knoll, and Leggett
& Plat.
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