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Global Contract Furniture and Furnishing Market – Introduction

Contract furniture, also referred to as commercial or office furniture, is especially designed and used for commercial purposes. Contract furniture includes desks & workstations, chairs & tables, storage cabinets & shelves, and sofa sets. It is most commonly used in restaurants, hotels, offices, schools & colleges, receptions and waiting rooms etc. Contract furniture is comparatively expensive as it is considered a high quality product; however, it is more durable than standard furniture.

Global Contract Furniture and Furnishing Market – Competition Landscape

Haworth Inc.

Haworth Inc., incorporated in 1948, and headquartered in Holland, Michigan, U.S., is a privately held company engaged in the business of contract furnishing. The company offers a wide range of contract furniture with various brands such as Haworth, Buzzi Space, Cappellini, Cassina, and Pablo. Haworth employs around 6000 people worldwide and operates in more than 120 countries with 81 sales offices & showrooms and 650 dealers across the globe.

Carlick Contract Furniture

Carlick Contract Furniture, incorporated in 1973 and headquartered in Clifton, U.K., is engaged in the manufacture and supply of contract furniture to hotels, restaurants, bars, and pubs etc. operating in the U.K. The company offers a wide range of classic, traditional, and contemporary furniture, fixed seating, and outdoor and reclaimed furniture.

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Herman Miller, Inc.

Herman Miller, Inc. was incorporated in 1905 and is based in Zeeland, Michigan, U.S. The company has its regional offices across the globe. It has around 8,000 employees worldwide and designs, manufactures, and distributes office furnishings, and furniture systems etc.  The company sells its products to companies, organizations, and individuals, offering its products on company-owned websites.

Key players operating in the global contract furniture and furnishing market includes Kinnarps AB, Sitraben Contract Furniture Ltd., Knoll Inc., Pioneer Contract Furniture Ltd., Steelcase Inc., and Forest Contract etc.

Global Contract Furniture and Furnishing Market – Dynamics

Increase in Number of Corporate Parks, Luxury Hotels & Restaurants

Utilization of contract furniture is rising consistently in commercial places which include corporate parks, luxury hotels & restaurants, and schools. Increase in investment on interior decoration have driven the average spending on contract furnishing as it make the surroundings attractive and organized. Evolution of the e-commerce industry, and promotion or advertising of products on social media and various online platforms also plays a significant role in expansion of the contract furniture and furnishing market.

Innovation of Smart Furniture

Advancement in technology has escalated the furniture and furnishing market in a positive manner. Smart furniture which includes charging tables, smart sofas, smart showerheads, food tracking refrigerators, and smart wardrobes for corporate offices, luxury hotels, restaurants and bars etc. can be operated remotely through smart devices such as smartphones and tablets. This is anticipated to drive the contract furniture and furnishing market during the forecast period.

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Global Contract Furniture and Furnishing Market – Segmentation

The global contract furniture and furnishing market can be segmented based on:

  • Type
  • End-user
  • Distribution Channel
  • Region

Global Contract Furniture and Furnishing Market, by Type

Based on type, the global contract furniture and furnishing market can be divided into:

  • Desks & Tables
  • Chairs & Stools
  • Storage Cabinets
  • Sofas
  • Cafeteria Tables & Chairs
  • Others (Presentation Stands, & Lighting etc.)

Global Contract Furniture and Furnishing Market, by End-user

In terms of end-user, the global contract furniture and furnishing market can be segregated into:

  • Corporate Offices
  • Hospitals
  • Hospitality & Food Services
  • Others (Schools, Airports etc.)

Global Contract Furniture and Furnishing Market, by Distribution Channel

Based on distribution channel, the global contract furniture and furnishing market can be divided into:

  • Offline
    • Specialty Stores
    • Furniture Marts
  • Online
    • E-commerce Websites
    • Company-owned Websites

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

With a robust experience in creating exceptional market reports, Transparency Market Research has emerged as one of the trusted market research companies among a large number of stakeholders and CXOs. Every report at Transparency Market Research goes through rigorous research activity in every aspect. The researchers at TMR keep a close watch on the market and extract beneficial growth-boosting points. These points help the stakeholders to strategize their business plans accordingly.

TMR researchers conduct exhaustive qualitative and quantitative research. This research involves taking inputs from the experts in the market, focused attention on recent developments, and others. This method of research makes TMR stand out from other market research firms.

Here's how Transparency Market Research helps the stakeholders and CXOs through the reports:

Inculcation and Evaluation of Strategic Collaborations: The TMR researchers analyze recent strategic activities like mergers, acquisitions, partnerships, collaborations, and joint ventures. All the information is compiled and included in the report.

Perfect Market Size Estimations: The report analyzes the demographics, growth potential, and capability of the market through the forecast period. This factor leads to the estimation of the market size and also provides an outline about how the market will retrieve growth during the assessment period.

Investment Research: The report focuses on the ongoing and upcoming investment opportunities across a particular market. These developments make the stakeholders aware of the current investment scenario across the market.

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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Contract Furniture Furnishing Market

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