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., 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:
- Distribution Channel
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
- 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
- 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:
- Specialty Stores
- Furniture Marts
- E-commerce Websites
- Company-owned Websites
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