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(Construction.IndustryNews247.Com, August 20, 2018 ) The office furniture market comprises companies engaged in producing office furniture and/or office and store fixtures. The furniture may be assembled or unassembled.
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The global office furniture market was valued at $120 billion in 2017. Among regional market, Asia Pacific was the largest geographic region accounting for more than one-third of the global market. There is an increasing trend towards ergonomic furniture which helps individuals to reduce stress, discomfort and injury to muscles. Individuals experiencing back pains and discomfort are increasingly seeking ergonomic chairs. Many furniture companies are producing ergonomic furniture to cater to the rising demand for these products from individuals with medical conditions.
The market in the report is segmented into: wooden furniture, metal furniture and plastic furniture.
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China was the largest country in the market, accounting for more than one-fourth of the global office furniture market share. This is partially due to high presence of fabrics and apparel manufacturing facilities in China, which consume textiles as raw materials. China was followed by India and Japan as the next largest countries in the market.
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The top five competitors in the market are: Herman Miller Inc. followed by HNI Corporation, Okamura Corporation, Knoll Inc. and Steelcase. Herman Miller Inc., based in Zeeland, Michigan is a major American manufacturer of office furniture, equipment and home furnishings. It is notable as one of the first companies to produce modern furniture. Herman Miller is credited with the invention of the office cubicle in 1968.
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