Office furniture segment improves as manufacturers embrace sustainability and consumer demand trend shifts towards ergonomically designed office furniture
Within the last few years and according to industry sources the total global production of office furniture reached is currently valued above US$ 52 billion and is growing on a positive tangent as far as industry observers are concerned.
An in-depth analysis by CSIL (Centre for Industrial Studies) indicated in a recent report that the office furniture segment represents an approximate 10% of the total global furniture output with Asia-Pacific being the primary player that holds a market share of 52% of the total office furniture production (which includes Australia) and followed by North America with an approximated 24% and Europe coming in at third place worth a 19% of the total global output share.
The remaining 5% is held by various other geographical areas with marginal shares. With the introduction of new …