Australia office furniture market
is expected to show an impressive growth with anticipated CAGR in the forecast
period, 2024-2028. The market growth can be addressed as a response to rapid
development of economic factors like urban infrastructure development,
industrialization and increased demand of aesthetic furniture to promote modern
office culture. Moreover, Growing demand from the non-residential sector and
government’s favorable policies are expected to drive the growth of the
Australia office furniture market in the upcoming five years. Low mortgage
interest rates, and thus provided a conducive operating environment for
furniture industry is expected to support the growth of the Australia office
furniture market in the next five years. Furthermore, growing urban population
and increasing spending pattern for modern offices and modern furniture is
anticipated to support the growth of the Australia office furniture market in
the next five years.
Office furniture includes,
all sorts of office tables, chairs, desks, clerical desks, file cabinets,
lounge seating and computer desks. Any furnishing that is free standing and
usually does not require installation with component parts.
The Australia office
furniture market is segmented by type, point of sale, raw material, regional
distribution, and competitional landscape, Based on type, the market is further
bifurcated into chairs, desks, filing cabinets & lockers, others
(workstations, conference tables, etc.). Desks and chairs are anticipated to
hold the largest shares of the market and assert its dominance over the market
in the next five years on the account of increasing work-spaces and office
culture expanding in the country. Moreover, the furniture is an ever demanded
product for the stable office culture. The rising demand is expected to grow
along with the growth of the Australia office furniture market in the upcoming
five years.
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A partial list of market
player in the Australia office furniture market includes, IKEA Pty Limited, Steelcase
Australia Pty. Ltd, Herman Miller (Aust.) Proprietary Limited, Haworth
Australia Pty Limited, Greenlit Brands Pty Limited, HNI Corporation, Knoll Inc.,
Sebel Pty Ltd., Schiavello Group Pty. Ltd, Harvey Norman Holdings Limited, Bfx
Australia Pty Ltd, Amart Furniture Pty Ltd, D D K Commercial Interiors Pty Ltd,
Bentons Kitchens Pty Ltd, AKD Softwoods Pty Ltd, Chiswell Furniture Pty Ltd, Forty
Winks Franchising Pty Ltd, Furnware Group Pty Ltd, Fuller Furniture, among others.
These market players hold larger shares of the market than the new market
players. With the advancement of the technology, it is appropriate to say that
the effective research and development of the technologically advanced office
furniture would support the market growth and benefit the market players as
well as the consumers. New market players may focus on the research and
development to provide products that satisfies the consumer demand as well as
benefits the market players in building their brand value. Other competitive
strategies include mergers & acquisitions and new product developments.
Objective
of the Study:
- To analyze the historical
growth of the market size of Australia office furniture market from 2018
to 2021.
- To estimate and forecast the market size of Australia
office furniture market from 2022 to 2028 and growth rate until 2028.
- To classify and forecast Australia office furniture market based on
type, point of sale, raw material, competitional landscape, and regional
distribution.
- To identify dominant region or segment in the Australia
office furniture market.
- To identify drivers and challenges for Australia office
furniture market.
- To examine competitive developments such as
expansions, new product launches, mergers & acquisitions, etc., in Australia
office furniture market.
- To identify and analyze
the profile of leading players operating in Australia office furniture market.
- To identify key sustainable strategies adopted
by market players in Australia office furniture market.
TechSci Research performed both primary
as well as exhaustive secondary research for this study. Initially, TechSci
Research sourced a list of manufacturers, suppliers, and service providers
across the country. Subsequently, TechSci Research conducted primary research
surveys with the identified companies. While interviewing, the respondents were
also enquired about their competitors. Through this technique, TechSci Research
could include the manufactures which could not be identified due to the
limitations of secondary research. TechSci Research analyzed the manufactures,
distribution channels and presence of all major players across the country.
TechSci Research calculated the market
size of Australia office
furniture market
using a bottom-up approach, wherein data for various end-user segments was
recorded and forecast for the future years. TechSci Research sourced these
values from the industry experts and company representatives and externally
validated through analyzing historical data of these product types and
applications for getting an appropriate, overall market size. Various secondary
sources such as company websites, news articles, press releases, company annual
reports, investor presentations and financial reports were also studied by
TechSci Research.
Key
Target Audience:
- Office furniture manufacturers, end users, and other
stakeholders
- Distributers and suppliers of the products and other
stakeholders
- Organizations, forums, and alliances related to office
furniture
- Market research and consulting firms
The study is useful in providing answers
to several critical questions that are important for the industry stakeholders
such as manufacturers, suppliers, end users, etc., besides allowing them in
strategizing investments and capitalizing on market opportunities.
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Attribute
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Details
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Base Year
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2022
|
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Historical Years
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2018 – 2021
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|
Estimated Year
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2023E
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Forecast Period
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2024F – 2028F
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Quantitative Units
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Revenue in USD Million and CAGR for 2018-2022 and 2023E-2028F
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Report Coverage
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Revenue forecast, company share, competitive landscape, growth
factors, and trends
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Segments Covered
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·
Type
·
Point of Sale
·
Raw Material
|
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Region Scope
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Australia Capital Territory & New South Wales, Northern
Territory & Southern Australia, Western Australia, Queensland, Victoria
& Tasmania
|
|
Key Companies Profiled
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IKEA Pty Limited, Steelcase Australia Pty. Ltd, Herman Miller
(Aust.) Proprietary Limited, Haworth Australia Pty Limited, Greenlit Brands
Pty Limited, HNI Corporation, Knoll Inc., Sebel Pty Ltd., Schiavello Group
Pty. Ltd, Harvey Norman Holdings Limited, Bfx Australia Pty Ltd, Amart
Furniture Pty Ltd, D D K Commercial Interiors Pty Ltd, Bentons Kitchens Pty
Ltd, AKD Softwoods Pty Ltd, Chiswell Furniture Pty Ltd, Forty Winks
Franchising Pty Ltd, Furnware Group Pty Ltd, Fuller Furniture
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Customization Scope
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10% free report customization with purchase. Addition or
alteration to regional & segment scope.
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Pricing and Purchase Options
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Avail customized purchase options to meet your exact research needs. Explore purchase
options
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Delivery Format
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PDF and Excel through Email
(We can also provide the editable version of the report in PPT/Word format on
special request)
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Report Scope:
In this report, Australia office furniture market has been segmented into
following categories, in addition to the industry trends which have also been
detailed below:
- Australia Office Furniture Market, By Type:
- Chairs
- Desks
- Filing Cabinets & Lockers
- Others
- Workstations
- Conference Tables
- Australia Office Furniture Market,
By Point of Sale:
o Exclusive Showrooms
o Supermarkets/Hypermarkets
o Online
o Others
§
Furniture
Retail Outlets
§
Traditional
stores
- Australia Office Furniture Market,
By Raw Material:
o Wood
o Metal
o Plastic
o Others
§
Bamboo
§
Cane
- Australia Office Furniture Market,
By Region:
- Northern Territory
- Queensland
- New South Wales
- Tasmania
- Victoria
- South Australia
- Western Australia
Competitive Landscape
Company
Profiles: Detailed
analysis of the major companies present in Australia office furniture market.
Available Customizations:
With the given market data, TechSci
Research offers customizations according to a company’s specific needs. The following
customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to
five).
It is an upcoming report to be released soon. If you wish an early delivery of this report or want to confirm the date of release, please contact us at [email protected]