Contract Furniture Market Growth Outlook with Industry Review & Forecasts 2023-2032 (1)

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Contract Furniture Market is expected to be USD
104 Billion by 2032
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Industry Overview

• Global Contract Furniture Market is anticipated
  to grow substantially through 2032, owing to the
  increasing number of commercial spaces globally.
  Contract furniture is widely used for commercial
  purposes in sectors such as hotels, educational
  institutions, restaurants, hospitals, airports,
  and offices. Additionally, the benefits of
  contract furniture, such as high durability,
  capacity to accommodate people of all weights and
  sizes, and higher frequency of use will likely
  increase its adoption in the ensuing years.
• Besides, companies are becoming increasingly
  aware of creating a positive impression of their
  workspace through the furniture to make clients
  and workers feel at ease, which will also
  positively influence the industry outlook in the
  next ten years.
• In addition, the key providers in contract
  furniture industry are also engaging in
  meaningful partnerships, mergers, and
  acquisitions, in addition to launching new
  products to stay competitive in the overall
  market. To cite an instance, in 2021, Herman
  Miller announced the successful acquisition of
  Knoll, Inc., one of the preeminent leaders in
  modern design. With this acquisition, Herman
  Miller, Knoll, and their legacy brands will
  continue to operate as distinct brands, and the
  new broader portfolio, coupled with various
  digital capabilities will enable the firms to
  better serve their users.

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• Overall, the contract furniture market is
  segmented in terms of material, end-user,
  distribution channel, and region.
• Based on material, the non-upholstered segment is
  anticipated to grow considerably from 2023 to
  2032. The benefits of non-upholstered furniture,
  such as being more elegant and stylish, offering
  a higher level of comfort, a range of options,
  and durability, will further boost its
  penetration in the coming years. Besides,
  increasing disposable incomes coupled with
  increasing commercial activities owing to the
  growing working population will bolster the
  market scope during the next decade.
• In terms of end-user, the healthcare segment will
  grow at more than 4.5 CAGR through 2032.
  Furniture is a crucial part of most healthcare
  projects and provides comfort, expresses optimism
  in waiting areas, facilitates communication
  between patients and physicians, and provides
  extra support to staff members to complete their
  tasks.
• Considering the distribution channel, the online
  segment will demonstrate sturdy growth by 2032.
  The growth will be primarily due to the rising
  use of e-commerce for purchasing furniture.
  Online shopping has become one of the ideal
  choices as it offers several benefits such as
  inexhaustible gallimaufry, diverse search
  opportunities, and convenience for shopping.

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Contract Furniture Market

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