Global Office Chairs Market – Overview
Office chairs are seating instruments with lumbar support and a padded chair back, a padded seat, with casters attached enabling it to swivel and roll. These chairs offer features which include -adjustability and are often referred to as the computer chair or desk chair. Contrary to its name, office chairs are not just utilized in a work or office set up but have also found applications at a wide range of setups considering the ubiquity of computers in recent times. Office work which typically involves spending long hours seated in an office chair, adds stress to the spine structures.
Global Office Chairs Market – Competitive Landscape
The overall competitive landscape of the global office chairs market is highly fragmented in nature. This fragmentation of the competitive landscape is because of the presence of the several key players in the global market. The companies in the global market are putting in heavy resources to come up with new and innovative solutions and products that will improve the overall job environment. In addition to this, the players are expected to resort to mergers and acquisitions in order to stay ahead of the competitive curve in the coming years of the forecast period.
The global office chairs market is highly fragmented owing to the presence of a large number of global players. Companies including Steelcase Inc., Herman Miller, Inc., Haworth Inc., HNI Corporation, OKAMURA CORPORATION, Kimball Office, UE Furniture Co., Ltd., TOPSTAR GMBH, Bristol, UB Office Systems, PSI Seating Ltd. and Elite Office Furniture (UK) Ltd. among others have a broader presence within the global office chairs market.
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Global Office Chairs Market – Drivers and Restraints
There are multiple factors that are helping to fuel the development of the global office chairs market. One of the key factors for the market growth has been increasing demand for ergonomic chairs. Ergonomic chairs are basically chairs that have a solid seat depth, proper lumber support, adjustable seat, and other benefits. These chairs offer benefits such as reduced business costs, improved customizability, better work productivity, and improved overall health. Ergonomics at working places is very important that can help companies improve the overall work environment. It can also help in increasing employee engagement, reduce absenteeism, and show the company’s commitment to safety and employee health. And they can also help in improving the overall job satisfaction. As such, there is a high demand for these ergonomic chairs. Thus, the growth of the global office chairs market is on the up in the coming years of the forecast period.
Global Office Chairs Market – Geographical Outlook
In terms of regional divide, the global office chairs market is segmented into five key regions. These regions are North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. Of these, currently the global office chairs market is dominated by the regional segment of North America. The regional segment is projected to continue dominating the global market in the coming years of the forecast period. The growth of the regional segment is mainly attributed to the increasing demand for office chairs, particularly highly ergonomic office chairs. The demand is fueled by schools and multiple enterprises. In addition to this, presence of large multinationals and enterprises that need office chairs and booming start-up culture is also expected to drive the growth of the North America market in the near future.
On the other hand, the regional segment of Asia Pacific is expected witness several promising growth opportunities in the coming years of the forecast period. Growing presence of multi-nationals and large enterprise in emerging economies is a key factor in driving the growth of the Asia Pacific market.
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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
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- 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
- Latin America
- The Middle East and Africa
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Below is a snapshot of these quadrants.
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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?
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10. What will be the barrier to entry for new players in the market?
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