- The key vendors in the office furniture market in the US 2015-2019 are Haworth Inc., Herman Miller Inc., HNI Corp., and Steelcase Inc.
London, 25 May 2015: Technavio, an independent tech-focused global research firm, has announced the publication of its market research report on the office furniture market in the US 2015-2019. The import and export of furniture worldwide due to rapid globalization is one of the key trends being witnessed in this market. Globalization helps in reducing the cost for developing these furniture, thereby driving market growth in the US. Besides, an increase in the number of home offices is a major trend that drives market growth in the US region. The office furniture market in the US is expected to increase significantly at a CAGR of 11.27% for the forecast period of 2014-2019.
An increase in the number of offices in the US due to favorable government policies and increase in foreign direct investments has led to a very high demand for office furniture in the US. This increase in demand for office furniture is a major driver that facilitates market growth in the US region.
“Office furniture is no longer limited to commercial markets because of growing demand for home offices and rising levels of computer ownership,” says Faisal Ghaus, Vice President of Technavio Research.
“The high penetration of PCs has increased the demand for furniture that houses them. Such furniture must satisfy the owner’s functional needs and blend well with the home decor.”
To define the market conditions in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
