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.
THE BUSINESS RESEARCH COMPANY EXPECTS
THE GLOBAL INSTITUTIONAL AND OFFICE FURNITURE MANUFACTURING MARKET TO GROW
TO $506 BILLION BY 2021
Asia Pacific was the largest
region in the institutional and office furniture manufacturing market in 2017,
accounting for a little more than two-fifth of the global market share. This
can be attributed to high demand for office furniture from commercial
establishments owing to economic growth in the country and also due to rapid
growth in the education industry in China and India.
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According to The Business Research Company’s Consultant, Nitin
Gianchandani, Furniture
manufacturing companies are integrating technology with furniture products to
offer customers innovative and functional products. Technological advancements
are helping furniture companies to conveniently address the day to day needs of
their customers. For instance, an American architect and designer Greg Lynn has
designed a high tech chair for the sports brand Nike. The chair was designed
for basketball players and it generated heat, cooled athlete’s body and also
monitored the amount of fluid lost.
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at: https://www.thebusinessresearchcompany.com/sample.aspx?id=69&type=smp
IKEA was the largest company in
the institutional and office furniture manufacturing market, with revenues of
$40.2 billion in 2017. IKEA’s growth strategy aims at increasing revenues by
launching products for young population and offer its products at competitive
prices. The company also plans to expand in the US market by opening nearly a
dozen stores over the next two years.
The institutional and office
furniture manufacturing market comprises firms that 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.
Institutional And Office Furniture
Manufacturing Global Market Report 2018 is a detailed report giving a unique
insight into this market. The report is priced at $4000 for an individual user.
To use across your office, the price is $6000 and $8000 if you wish to use
across a multinational company.
About The Business Research Company
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The Business Research Company is a
market research and intelligence company, which excels in company, market and
consumer research.
It has research professionals at its
offices in the UK, India and the US as well a network of trained researchers
globally. It has specialist consultants in a wide range of industries including
manufacturing, healthcare, chemicals and technology.
The Business Research Company's management
has more than 20 years of varied business research experience. They have
delivered hundreds of research projects to the senior management of some of the
world's largest organizations.
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