Office Furniture Market Report in Brief

Office Furniture Market Report in Brief

Asia Pacific is the leading furniture producing region, China is the leading furniture exporter in the world, and the U.S., Germany, U.K., and France are the leading furniture importers. in 2019, total furniture production in Asia Pacific was approximately $258 billion, accounting for 53% of the world, while North America and Europe accounted for 16%/25%, respectively.

China accounts for 37% of the global furniture production and 28% of the global furniture consumption. 2019 China's furniture exports totaled approximately US$56.1 billion, up 1% year-over-year, accounting for 35% of the total global exports. In addition, the U.S., Germany, the U.K., and France are the major furniture importers, with total imports of $39/14/$8/$8 billion in 2019, accounting for 38.61%/58.33%/53.33%/57.14% of total office furniture consumption in those countries, respectively.

In 2019, the total global office furniture production is $53 billion, accounting for about 12% of the total global furniture production. Global office furniture consumption is $51.4 billion, accounting for 12% of global furniture consumption, and the ratio of office furniture consumption to total furniture consumption has remained stable over the past seven years, with a slight increase of 0.2 pct in 2019. In 2019, Asia Pacific accounted for 47% of global office furniture production and 41% of global office furniture consumption, making it the world's main export region. China is the world's largest office furniture producer and exporter.

The whole office is an office furniture marketing model, a package of office environment planning, office furniture and supporting facilities, mainly office furniture, including lighting, flooring materials, wall materials, office equipment and other supporting, customized design of the entire office environment space program. Different from the purchase of traditional office furniture only for example, a single table, chairs, cabinets, the overall office will be thinking of a change to the "big office environment" marketing, office furniture in the entire office environment sales.

The overall office is mature in foreign countries, and well-known foreign furniture companies Steelcase, Herman Miller, and HNI have explored the field of overall office to varying degrees. According to the information disclosed on Steelcase's official website, many enterprises have personalized needs for office environment, which can fully and directly show the corporate culture, promote employee dedication, enhance communication efficiency and employee collaboration. The total office emphasizes product-human-environment interaction and is designed to provide employees with a better experience of the office environment, reduce work stress, and increase work efficiency. The overall office in the United States is mature, complete sets of overall office for the main market, the United States complete sets of office furniture system sales accounted for 52.4% of the total office furniture market, the overall office single value of large, with certain technical barriers, more conducive to industry concentration, the United States office furniture industry is highly concentrated, in 2018 CR5 about 55%, CR10 more than 70%.