Australia Office Furniture Market to Grow with an Impressive CAGR until 2026
Rapid growth of corporate
offices is driving the growth of Australia Office Furniture Market, in the
forecast period.
According to TechSci report on, “Australia Office Furniture Market By Type (Chairs, Desks,
Filing Cabinets & Lockers, Others {Workstations, Conference Tables, etc.}) By
Point of Sale (Exclusive Showrooms, Supermarkets/Hypermarkets, Online, Others {Furniture
Retail Outlets, Traditional stores, etc.}) By Raw Material (Wood, Metal,
Plastic, Others {Bamboo, Cane, etc.}) By Region, Competition Forecast &
Opportunities, 2026”, Australia office furniture market has shown promising growth in historical years
until 2019 and is expected to continue its growth in upcoming forecast years
2021 to 2026. Australia office furniture market owes its growth to the factors
like surge in the demand of the office furniture due to rising number of office
premises in the country. Moreover, the rising number of variant furniture like
desks, chairs, office work-stations, and filing cabinets & lockers are
anticipated to drive the growth of the Australia office furniture market in the
upcoming five years. Also, increasing constructions of offices, residential,
and commercial complexes are actively influencing the growth of the Australia
office furniture market in the future five years. The office furniture is also
in demand for the students as well as the fulfillment of the office at home
premises. Due to all the aforementioned growth factors, the Australia office
furniture market is anticipated to grow impressively with an anticipated CAGR
in the upcoming five years.
Office
furniture includes, all sorts of office tables, chairs, desks, clerical desks,
file cabinets, lounge seating and computer desks. Any furnishing that is free
standing and usually does not require installation with component parts. Moreover,
due to the recent pandemic, work from home culture has prevailed and is
anticipated to rise in the upcoming years too. This culture will support the
growth of the market too in the upcoming five years.
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The Australia
office furniture market is segmented by type, point of sale, raw material,
regional distribution, and competitional landscape. Based on point of sale, the
market is further bifurcated into exclusive showrooms,
supermarkets/hypermarkets, online, others (furniture retail outlets,
traditional stores, etc.). The supermarkets/ hypermarkets are anticipated to
hold the largest revenue shares of the market and is expected to assert its
dominance over the market in the next five years due to highest sales from the
respective point of sale as the availability of wide range of product and
pricing options are available in these outlets. Moreover, online point of sales
is expected to register the fastest growth with fastest CAGR in the next five
years due to internet penetration. Also, the inclination of e-commerce toward
the online platform due to pandemic as well as consumer preference toward
online available products is expected to support the robust growth of the
market in the upcoming five years.
Based on type,
the market is further bifurcated into chairs, desks, filing cabinets &
lockers, others (workstations, conference tables, etc.). Desks and chairs are
anticipated to hold the largest shares of the market and assert its dominance
over the market in the next five years on the account of increasing work-spaces
and office culture expanding in the country. Moreover, the furniture is an ever
demanded product for the stable office culture. The rising demand is expected
to grow along with the growth of the Australia office furniture market in the
upcoming five years.
A partial list
of market player in the Australia office furniture market includes, IKEA Pty
Limited, Steelcase Australia Pty. Ltd, Herman Miller (Aust.) Proprietary
Limited, Haworth Australia Pty Limited, Greenlit Brands Pty Limited, HNI
Corporation, Knoll Inc., Sebel Pty Ltd., Schiavello Group Pty. Ltd, Harvey
Norman Holdings Limited, Bfx Australia Pty Ltd, Amart Furniture Pty Ltd, D D K
Commercial Interiors Pty Ltd, Bentons Kitchens Pty Ltd, AKD Softwoods Pty Ltd,
Chiswell Furniture Pty Ltd, Forty Winks Franchising Pty Ltd, Furnware Group Pty
Ltd, Fuller Furniture, among others. These market players hold larger shares of
the market than the new market players. With the advancement of the technology,
it is appropriate to say that the effective research and development of the
technologically advanced office furniture would support the market growth and
benefit the market players as well as the consumers. New market players may
focus on the research and development to provide products that satisfies the
consumer demand as well as benefits the market players in building their brand
value. Other competitive strategies include mergers & acquisitions and new
product developments.
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“Australia office furniture market is expected to grow due to increasing
demand of office at home culture. Moreover, the rapidly increasing modern furniture
demand is anticipated to aid the growth of the market in the upcoming five
years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research
based global management consulting firm.
“Australia Office
Furniture Market By Type (Chairs, Desks, Filing Cabinets & Lockers, Others {Workstations,
Conference Tables, etc.}) By Point of Sale (Exclusive Showrooms,
Supermarkets/Hypermarkets, Online, Others {Furniture Retail Outlets,
Traditional stores, etc.}) By Raw Material (Wood, Metal, Plastic, Others {Bamboo,
Cane, etc.}) By Region, Competition Forecast & Opportunities, 2026” has evaluated the future growth potential of Australia
office furniture market and provides statistics & information on market
size, structure and future market growth. The report intends to provide
cutting-edge market intelligence and help decision makers take sound investment
decisions. Besides, the report also identifies and analyzes the emerging trends
along with essential drivers, challenges, and opportunities in Australia office
furniture market.
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