Office furniture includes a wide range of products, including chairs and tables, desks, filing cabinets, lounge furniture, computer desks, and various types of furniture for commercial places including gyms, schools, hospitals, and remote work environments. With the use of sensors to enhance customer experience and usability, office furniture is increasingly being combined with cutting-edge technologies and interactive surroundings.
Germany Office Furniture Market Driving Factors and Challenges
Drivers: The demand for updated office furniture, such as tables, seats, and storage options, is expanding as a result of the offices in corporate offices, IT parks, and commercial complexes throughout the world being smaller. The high cost of business leasing and growing real estate prices are the main drivers of this trend. In response, producers are releasing bespoke, multipurpose goods made of polypropylene and other materials.
Furthermore, Germany holds a significant market share in the worldwide furniture industry. The industry has consistently showed a growing tendency over a long period of time. The main inspiration for this creation was the use of office swivel chairs for healthy seating. The main reason for this is that new job forms are supported in suitable work environments. Ergonomic office products are becoming more and more necessary for remote work and other non-company locations. Furthermore, exports of German office furniture have increased noticeably.
Challenges: In the office furniture market, sellers face severe challenges because to the unstable cost of raw materials. Specialized materials like polypropylene and raw resources like steel, wood, textiles, plastics, and cartons are now much more expensive. This tendency affects the production of modern office furniture, including tables, seats, and storage solutions for residences, offices in IT parks, commercial buildings, and corporate offices.
Impact of COVID-19 on Germany Office Furniture Market
The COVID-19 epidemic has had a significant impact on Germany's office furniture sector, changing supply and demand dynamics. In an effort to safeguard employee safety, businesses immediately adopted remote work arrangements, which significantly altered the traditional workplace design. This sudden shift in circumstances resulted in a decline in the immediate demand for office furniture as businesses postponed or cancelled office expansions and upgrades. Furthermore, given the uncertainty surrounding the duration and severity of the pandemic, many businesses opted to wait and observe rather than investing in new office furnishings.
Germany Office Furniture Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players are; Assmann Buromobel, Brunner Group, Dauphin Group, Interstuhl, Palmberg GmbH, Sedus, Topstar GmbH, Vitra, VS, Wilkhahn Group, Others.
Germany Office Furniture Market Segmentation:
By Material: Based on the Material, Germany Office Furniture Market is segmented as; Wood, Metal, Plastic, Others.
By Product: Based on the Product, Germany Office Furniture Market is segmented as; Meeting Chairs, Lounge Chairs, Swivel Chairs, Office Tables, Storage Cabinets, Desks.
By Distribution Channel: Based on the Distribution Channel, Germany Office Furniture Market is segmented as; Offline, Online.
By Region: This research includes data for Eastern, Western, Southern, Northern.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.