The global office table market is anticipated to grow at a CAGR of 8.9% during the forecast period (2022-2028). Increased investment in interior design and home décor, which is a direct outcome of customers’ increased disposable expenditures, has fueled the study table industry. The market has been boosted by an increase in the number of hours spent reading and working from home. Computer systems are installed and files and documents are stored on office tables. Employees, students, professionals, and entrepreneurs utilize it to read, write, operate desktops/laptops, attend online meetings and lectures, and save files, among other things. In addition, office furniture has seen fast growth in recent years, coinciding with the global economy’s expansion and the resulting desire to work from home. The market for office tables is growing due to the demand for adaptable and multi-functional goods that are also portable and can fit into limited areas. This element is expected to fuel demand for market expansion in the approaching years.
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Customers gradually began to shift their business needs to e-commerce channels, reducing the number of times they needed to visit physical retail establishments to compare their preferred products and pricing. More retailers are turning to online shopping tactics to cut costs and boost profit margins. Similarly, internet furniture businesses are on the rise to reduce the requirement for rental space and inventory. The option for online retailers to sell office tables grew, forcing them to enhance their buying processes in terms of security and reliability, which boosted demand for office tables. Consumers are drawn to online shopping because of policies such as secure transactions, cash-on-delivery options, speedy return policies, and integrated and centralized customer support.
Some major players in the market include Haworth Inc., Herman Miller Inc., HNI Corp, Okamura Corp., and Steelcase Inc., among others. The market players are contributing significantly to the growth of the market by the adoption of various strategies including mergers and acquisitions, geographical expansion, partnerships, collaborations, and new product launches, to stay competitive in the market.
Haworth Inc. offers the Xi Collection, the Imperial Seal, a traditional emblem of authority in China, inspired by the “Xi” Collection. Its classic design integrates modern elements and ergonomics, and it uses only the highest-quality materials. The collection has been meticulously developed to provide an attractive style that displays the capacity to embrace and meet the demands and imaginations of executives.
Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Raw Material
- By Distribution Channel
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
- Competitive Landscape- Haworth Inc., Herman Miller Inc., HNI Corp, Okamura Corp., Steelcase Inc., among others.
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
Global Office Table Market Report by Segment
By Raw Material
- Wood
- Plastic
- Metal
- Others
By Distribution Channel
- Online
- Offline
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