The Business Research Company’s latest report Institutional And Office Furniture Global Market Report 2020 covers Institutional And Office Furniture market drivers, Institutional And Office Furniture market trends, Institutional And Office Furniture market segments, Institutional And Office Furniture market growth rate, Institutional And Office Furniture market major players, and Institutional And Office Furniture market size. The report provides in-depth analysis of the impact of COVID-19 on the Institutional And Office Furniture industry, along with revised market numbers due to the effects of the coronavirus.
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Institutional And Office Furniture Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies. The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market. The chapter also covers markets which have been positively affected by the pandemic.
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The global institutional and office furniture market is expected to decline from $222.7 billion in 2019 to $216.8 billion in 2020 at a compound annual growth rate (CAGR) of -2.7%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and grow at a CAGR of 7% from 2021 and reach $260.3 billion in 2023.
The report covers the Institutional And Office Furniture market’s segments-
1) By Type: Institutional Furniture, Office Furniture
2) By Distribution channel: Exclusive Showrooms, Online, Supermarkets/Hypermarkets, Others
3) By Raw Material: Wood, Plastic, Metal.
Subsegments covered: School Furniture, General Purpose Institutional Furniture, Public Bar, Bowling Center, Cafeteria, And Restaurant Furniture, Wooden Furniture, Metal Furniture, Plastic Furniture.
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