Global Contract Furniture and Furnishing Market Overview
According to SPER Market Research, the Global Contract Furniture and Furnishing Market is estimated to reach USD 235.6 billion by 2032 with a CAGR of 5.33%.
The term "contract furniture and furnishing" refers to goods made especially for use in workplaces including offices, hotels, restaurants, and healthcare facilities. These goods are distinguished by their sturdiness, usefulness, and aesthetic appeal, making them perfect for regions with a lot of foot traffic and frequent use. The market for contract furniture and furnishings is boosted by trends including the increased popularity of eco-friendly and sustainable items, the expanding need for contemporary, ergonomic office furniture, and open-plan workplaces. with a broad spectrum of target clients, including producers, suppliers, architects, end users in the commercial sector, and investors.
Contract furniture is created with durability, utility, and beauty in mind and is only intended for business usage. There are many different things available on the market, such as seats, tables, workstations, cabinets, lighting fixtures, and accessories. This market is driven by number of reasons, such as the increased popularity of eco-friendly and sustainable products, the trend toward open-plan workplaces, and the rising need for modern, ergonomic office furniture. The hospitality and healthcare industries are also a major factor in the market's expansion, as more hotels and healthcare facilities invest in high-quality furniture and furnishings to improve patient comfort and the guest experience.
Impact of COVID-19 on the Global Contract Furniture and Furnishing Market
The market for contract furnishings has been significantly impacted by the COVID-19 outbreak. The market for contract furniture and furnishing goods has drastically decreased as a result of the widespread closures of offices, hotels, restaurants, and other commercial facilities. Production and distribution of goods have also been delayed as a result of supply chain disruptions and industrial closures.
The need for contract furniture and furnishing items has, however, gradually increased as firms all over the world have started to reopen. Particularly, the demand for goods that support health, safety, and hygiene has grown dramatically. Examples include touchless fixtures and antimicrobial furnishings.
Additionally, the pandemic has accelerated number of market trends, including as the move toward remote employment and the usage of outdoor venues for gatherings and celebrations. As a result, there is now more demand for outdoor furniture and home office furniture, respectively.
Overall, the COVID-19 epidemic has posed serious obstacles for the worldwide market for contract furniture and furnishings, but it has also opened up fresh possibilities for innovation and expansion. The demand for contemporary, practical, and environmentally friendly furniture and furnishings is anticipated to stay high as businesses continue to adjust to the new normal.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2019-2032 |
| Base year considered | 2021 |
| Forecast period | 2022-2032 |
| Segments covered | By Type, By End User, By Distribution Channel
|
| Regions covered | Asia-Pacific, Europe, Middle East and Africa, North America, Latin America
|
| Companies Covered | Ahrend, Cefla, Forest Contract, Fourfront Group, Franke Water Systems, Haworth Inc., Herman Miller Inc., HMY, Humanscale International Holdings Ltd., Input Interior, ISG, Isku Group, Itab Shop Concept, Kinnarps AB, Knoll Inc., Lifestyle Design, Marine Interiors, Modus Workspace, Nobia Group, Overbury, Pioneer Contract Furniture Ltd., Sitraben Contract Furniture Ltd., Stamhuis Group, Steelcase Inc., Umdasch Shop Fitting Group, Vitra
|
Key Target Audience
- Commercial Furniture Manufacturers
- Furniture Distributors and Retailers
- Commercial End-Users
- Architects and Designers
- Investors and Analysts
Global Contract Furniture and Furnishing Market Segmentation:
1. By Type:
- Cafeteria Tables and Chairs
- Chairs and Stools
- Desks and Tables
- Presentation Stands
- Sofas
- Storage Cabinets
2. By End User:
- Airports
- Corporate Office
- Hospitals
- Hospitality & Food Services
- Institutions
- Schools
3. By Distribution Channel:
- Company-Owned Website
- E-commerce Website
- Furniture Marts
- Office
- Online
- Specialty Stores
4. By Region:
- Asia-Pacific
- Europe
- Middle East & Africa
- North America
- Latin America
Key Topics Covered in the Report:
- Size of Global Contract Furniture and Furnishing Market (FY’2019-FY’2032)
- Overview of Global Contract Furniture and Furnishing Market
- Segmentation of Global Contract Furniture and Furnishing Market By Type (Cafeteria Tables and Chairs, Chairs and Stools, Desks and Tables, Presentation Stands, Sofas, Storage Cabinets)
- Segmentation of Global Contract Furniture and Furnishing Market By End User (Airports, Corporate Office, Hospitals, Hospitality & Food Services, Institutions, Schools)
- Segmentation of Global Contract Furniture and Furnishing Market By Distribution Channel (Company-Owned Website, E-commerce Website, Furniture Marts, Office, Online, Specialty Stores, Other Retail Based)
- Statistical Snap of Global Contract Furniture and Furnishing Market
- Growth Analysis of Global Contract Furniture and Furnishing Market
- Problems and Challenges in Global Contract Furniture and Furnishing Market
- Competitive Landscape in the Global Contract Furniture and Furnishing Market
- Impact of COVID-19 and Demonetization on Global Contract Furniture and Furnishing Market
- Details on Recent Investment in Global Contract Furniture and Furnishing Market
- Competitive Analysis of Global Contract Furniture and Furnishing Market
- Major Players in the Global Contract Furniture and Furnishing Market
- SWOT Analysis of Global Contract Furniture and Furnishing Market
- Global Contract Furniture and Furnishing Market Future Outlook and Projections (FY’2019-FY’2032)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report
1.2. Market segment analysis
2. Research Methodology
2.1 Research data source
2.1.1 Secondary data
2.1.2 Primary data
2.1.3 SPER’s internal database
2.1.4 Premium insight from KOL’s
2.2 Market size estimation
2.2.1 Top-down and Bottom-up approach
2.3 Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1 Drivers
4.1.2 Restraints
4.1.3 Opportunities
4.1.4 Challenges
4.2. COVID-19 Impacts of the Global Contract Furniture and Furnishing Market
5. Market variables and outlook
5.1. SWOT analysis
5.1.1 Strengths
5.1.2 Weaknesses
5.1.3 Opportunities
5.1.4 Threats
5.2. PESTEL analysis
5.2.1 Political landscape
5.2.2 Economic landscape
5.2.3 Social landscape
5.2.4 Technological landscape
5.2.5 Environmental landscape
5.2.6 Legal landscape
5.3. PORTER’S five forces analysis
5.3.1 Bargaining power of suppliers
5.3.2 Bargaining power of Buyers
5.3.3 Threat of Substitute
5.3.4 Threat of new entrant
5.3.5 Competitive rivalry
5.4. Heat map analysis
6. Competitive Landscape
6.1 Global Contract Furniture and Furnishing Manufacturing Base Distribution, Sales Area, Product Type
6.2 Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Global Contract Furniture and Furnishing Market
7. Global Contract Furniture and Furnishing Market, By Type, 2019-2032 (USD Million)
7.1 Cafeteria Tables and Chairs
7.2 Chairs and Stools
7.3 Desks and Tables
7.4 Presentation Stands
7.5 Sofas
7.6 Storage Cabinets
8. Global Contract Furniture and Furnishing Market, By End User, 2019-2032 (USD Million)
8.1 Airports
8.2 Corporate Office
8.3 Hospitals
8.4 Hospitality & Food Services
8.5 Institutions
8.6 Schools
9. Global Contract Furniture and Furnishing Market, By Distribution Channel, 2019-2032 (USD Million)
9.1 Company-Owned Website
9.2 E-commerce Website
9.3 Furniture Marts
9.4 Office
9.5 Online
9.6 Specialty Stores
9.7 Other Retail Based
10. Global Contract Furniture and Furnishing Market, By Region, 2019-2032 (USD Million)
10.1 Global Contract Furniture and Furnishing Market Size and Market Share by Region (2019-2025)
10.2 Global Contract Furniture and Furnishing Market Size and Market Share by Region (2026-2032)
10.3 Asia-Pacific
10.3.1 Australia
10.3.2 China
10.3.3 India
10.3.4 Japan
10.3.5 South Korea
10.3.6 Rest of Asia-Pacific
10.4 Europe
10.4.1 France
10.4.2 Germany
10.4.3 Italy
10.4.4 Spain
10.4.5 United Kingdom
10.4.6 Rest of Europe
10.5 Middle East and Africa
10.5.1 Kingdom of Saudi Arabia
10.5.2 United Arab Emirates
10.5.3 Rest of Middle East & Africa
10.6 North America
10.6.1 Canada
10.6.2 Mexico
10.6.3 United States
10.7 Latin America
10.7.1 Argentina
10.7.2 Brazil
10.7.3 Rest of Latin America
11. Company Profiles
11.1 Ahrend
11.1.1 Company details
11.1.2 Financial outlook
11.1.3 Product summary
11.1.4 Recent developments
11.2 Cefla
11.2.1 Company details
11.2.2 Financial outlook
11.2.3 Product summary
11.2.4 Recent developments
11.3 Forest Contract
11.3.1 Company details
11.3.2 Financial outlook
11.3.3 Product summary
11.3.4 Recent developments
11.4 Fourfront Group
11.4.1 Company details
11.4.2 Financial outlook
11.4.3 Product summary
11.4.4 Recent developments
11.5 Franke Water Systems
11.5.1 Company details
11.5.2 Financial outlook
11.5.3 Product summary
11.5.4 Recent developments
11.6 Haworth Inc.
11.6.1 Company details
11.6.2 Financial outlook
11.6.3 Product summary
11.6.4 Recent developments
11.7 Herman Miller Inc.
11.7.1 Company details
11.7.2 Financial outlook
11.7.3 Product summary
11.7.4 Recent developments
11.8 HMY
11.8.1 Company details
11.8.2 Financial outlook
11.8.3 Product summary
11.8.4 Recent developments
11.9 Humanscale International Holdings Ltd.
11.9.1 Company details
11.9.2 Financial outlook
11.9.3 Product summary
11.9.4 Recent developments
11.10 Input Interior
11.10.1 Company details
11.10.2 Financial outlook
11.10.3 Product summary
11.10.4 Recent developments
11.11 ISG
11.11.1 Company details
11.11.2 Financial outlook
11.11.3 Product summary
11.11.4 Recent developments
11.12 Isku Group
11.12.1 Company details
11.12.2 Financial outlook
11.12.3 Product summary
11.12.4 Recent developments
11.13 Itab Shop Concept
11.13.1 Company details
11.13.2 Financial outlook
11.13.3 Product summary
11.13.4 Recent developments
11.14 Kinnarps AB
11.14.1 Company details
11.14.2 Financial outlook
11.14.3 Product summary
11.14.4 Recent developments
11.15 Knoll Inc.
11.15.1 Company details
11.15.2 Financial outlook
11.15.3 Product summary
11.15.4 Recent developments
11.16 Lifestyle Design
11.16.1 Company details
11.16.2 Financial outlook
11.16.3 Product summary
11.16.4 Recent developments
11.17 Marine Interiors
11.17.1 Company details
11.17.2 Financial outlook
11.17.3 Product summary
11.17.4 Recent developments
11.18 Modus Workspace
11.18.1 Company details
11.18.2 Financial outlook
11.18.3 Product summary
11.18.4 Recent developments
11.19 Nobia Group
11.19.1 Company details
11.19.2 Financial outlook
11.19.3 Product summary
11.19.4 Recent developments
11.20 Overbury
11.20.1 Company details
11.20.2 Financial outlook
11.20.3 Product summary
11.20.4 Recent developments
11.21 Pioneer Contract Furniture Ltd.
11.21.1 Company details
11.21.2 Financial outlook
11.21.3 Product summary
11.21.4 Recent developments
11.22 Sitraben Contract Furniture Ltd.
11.22.1 Company details
11.22.2 Financial outlook
11.22.3 Product summary
11.22.4 Recent developments
11.23 Stamhuis Group
11.23.1 Company details
11.23.2 Financial outlook
11.23.3 Product summary
11.23.4 Recent developments
11.24 Steelcase Inc.
11.24.1 Company details
11.24.2 Financial outlook
11.24.3 Product summary
11.24.4 Recent developments
11.25 Umdasch Shop Fitting Group
11.25.1 Company details
11.25.2 Financial outlook
11.25.3 Product summary
11.25.4 Recent developments
11.26 Vitra
11.26.1 Company details
11.26.2 Financial outlook
11.26.3 Product summary
11.26.4 Recent developments
12. List of Abbreviations
13. Reference Links
14. Conclusion
15. Research Scope