Recycled Office Furniture Market

Recycled Office Furniture Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019 - 2027

Recycled Office Furniture Market: Introduction

Recycled office furniture refers to furniture used by offices which have been removed from the solid waste stream for recycle and reuse after repairing and replacement of some parts. Several large companies or enterprises spend a significant amount of money on office interiors, including lighting to the furniture to create an employee-friendly work environment.
The global recycled office furniture market is anticipated to grow at a significant pace in the coming years. Several factors such as increasing office leasing activities across the globe and surge in global GDP are expected to be the driving factors for the global recycled office furniture market in future.

Key Drivers of the Global Recycled Office Furniture Market

Increasing number of offices across the globe, boost in demand for customization of offices and growing preference for eco-friendly furniture are the major driving factors of the global recycled office furniture market.
Recycled office furniture is becoming the furniture of choice for more and more companies due to its several benefits such as excellent cost-cutting opportunity, solid waste stream reduction, and energy conservation.
Recycled office furniture conserves labor and manufacturing energy and also cost. The cost and energy required for remanufacturing the existing furniture is around 85% to 95% less compared to production of new furniture.

Recycled Office Furniture Anticipated to Create Attractive Opportunities in Future

Remarkable economic development in several emerging economies across Asia Pacific, and Middle East & Africa are attracting several multinational companies which is expected to boost the demand for office furniture in these regions. This is anticipated to create lucrative opportunities for vendors involved in the recycled office furniture market in the coming years. Favorable government policies and boost in foreign investment are building a favorable environment for multinational corporations which also support market growth.

Myths and Misconceptions Related to Recycled Office Furniture Expected to Obstruct the Market

Several myths and misconceptions regarding recycled office furniture such as furniture quality and lower cost effectiveness is expected to hinder the overall market growth in the coming years.

North America and Europe anticipated to Dominate the Global Recycled Office Furniture Market

North America and Europe hold major share in the global recycled office furniture market. Increasing number of businesses is increasing the requirement of office spaces and also the number of employees, which are major factors impacting the growth of the recycled office furniture market in North America and Europe.
The market in Asia Pacific is expected to show significant growth during the forecast period. Economic development in several emerging economies is creating a suitable environment for large enterprises and companies which is expected to boost the demand for recycled office furniture. Cost effectiveness is also a major driving factor in the Asia Pacific region which is expected to encourage the demand in the coming years. Middle East & Africa is expected to show moderate growth in the market owing to high demand for new furniture products in this region.

Key Players Operating in the Global Market

The global recycled office furniture market is anticipated to be concentrated across some major manufacturers accounting for around 20%–25% market of the overall recycled office furniture market. A few of the key manufacturers operating in the global recycled office furniture market are: