australia office furniture market, 2026

15
MARKET INTELLIGENCE . CONSULTING www.techsciresearch.com 2016 2026 AUSTRALIA OFFICE FURNITURE MARKET FORECAST & OPPORTUNITIES

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Australia office furniture market is expected to show an impressive growth with anticipated CAGR in the forecast period, 2022-2026.https://bit.ly/3qlq6zt

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  • MARKET INTELLIGENCE . CONSULTING

    www.techsciresearch.com

    2016 – 2026

    AUSTRALIA OFFICE FURNITURE

    MARKET

    FORECAST & OPPORTUNITIES

  • 2

    Scope of ReportProduct of Interest (POI): Office Furniture

    Review Period

    2016 – 2019

    Base Year

    2020

    Estimated Year

    2021

    Forecast Period

    2022 – 2026

    Year Range

    Office furniture is an important part of office management; it is mostlyused for indoor activity. Employees working in the office should beprovided with comfortable and convenient furniture so that they canwork efficiently. The major and most popular office furniture are chair,table, cabinets, cupboards, sofas, racks etc. office furniture arecommon in all offices.

    Market Segmentation

    TYPE

    • Chairs

    • Desks

    • Filing Cabinets &

    Lockers

    • Others (Workstations,

    Conference Tables,

    etc)

    RAW MATERIAL

    • Wood

    • Metal

    • Plastic

    • Others (Bamboo,

    Cane, etc.))

    REGION

    • New South Wales

    • Victoria

    • Queensland

    • Western Australia

    • South Australia

    • Tasmania

    • Northern Territory

    POINT OF SALE

    • Exclusive Showrooms

    • Supermarkets/Hypermarkets

    • Online

    • Others (Furniture Retail

    Outlets, Traditional stores,

    etc.)

  • 3

    Table of Contents

    S. No. Contents Page No.

    1. Product Overview (Definition of product and major terminologies used in the report)

    2.Research Methodology (Detailed description of the methodology used to conduct the research,Raw data backup, list of all secondary sources, List of respondents for primary surveys)

    3. Executive Summary

    4. Impact of COVID-19 on Australia Office Furniture Market

    5. Australia Office Furniture Market Outlook, 2016-2026

    5.1. Market Size & Forecast

    5.1.1. By Value

    5.2. Market Share & Forecast

    5.2.1.By Type (Chairs, Desks, Filing Cabinets & Lockers, Others (Workstations, Conference Tables, etc.)

    5.2.2.By Point of Sale (Exclusive Showrooms, Supermarkets/Hypermarkets, Online, Others (Furniture Retail Outlets, Traditional stores, etc.)

    5.2.3. By Raw Material (Wood, Metal, Plastic, Others (Bamboo, Cane, etc.))

    5.2.3. By Region

    6.2.4. By Company

    5.3. Market Attractiveness Index (By Type)

  • 4

    Table of Contents

    S. No. Contents Page No.

    6. Australia Wood Office Furniture , 2016-2026

    6.1. Market Size & Forecast

    6.1.1. By Value

    6.2. Market Share & Forecast

    6.2.1. By Type

    6.2.2 By Point of Sale

    7. Australia Metal Office Office Furniture , 2016-2026

    7.1. Market Size & Forecast

    7.1.1. By Value

    7.2. Market Share & Forecast

    7.2.1. By Type

    7.2.2 By Point of Sale

    8. Australia Plastic Office Furniture Market Outlook, 2016-2026

    8.1. Market Size & Forecast

    8.1.1. By Value

    8.2. Market Share & Forecast

    8.2.1. By Type

    8.2.2. By Point of Sale

  • 5

    Table of Contents

    S. No. 4Contents Page No.

    9. Market Dynamics

    13.1. Drivers

    13.2.Challenges

    10. Market Trends & Developments

    11. Policy & Regulatory Landscape

    12. Export & Import Analysis

    13. Australia Economic Profile

    14. Competitive Landscape

    14.1. Company Profiles (Top 10 Global Player)

    14.1.1. Company Details

    14.1.2. Products & Services

    14.1.3. Financials (As Reported)

    14.1.4. Key Market Focus & Geographical Presence

    14.1.5. Recent Developments

    14.1.6. Key Management Personnel

  • 6

    Table of Contents

    S. No. Contents Page No.

    15.Strategic Recommendations (Based on the findings of the report strategic recommendations on howto enter and expand market share)

    16. About Us & Disclaimer

  • RESEARCH METHODOLOGY

  • 8

    Research Methodology

    ✓ Identifying Key Opinion

    Leaders

    ✓ Questionnaire Design

    ✓ In-depth Interviews

    Data Collection

    Developing List of Respondents

    Formulating Questionnaire

    Market Profiling

    Data Validation

    Data Analysis

    In-depth secondary research was conducted to

    determine top players in Australia office furniture

    market, overall market size and segmental market size.

    In order to conduct industry experts’

    interviews, TechSci formulated a detailed

    discussion guide.

    List of industry players and industry

    specialists was developed.

    TechSci conducted interviews with

    industry experts and industry players for data collection and

    verification.

    Data obtained as a result of primary and secondary research was

    validated through rigorous

    triangulation.

    The data was scrutinized using MS-Excel, statistical

    tools and internal proprietary database to obtain qualitative and

    quantitative insights about Australia office furniture

    market.

    Data Collection

    Data Filter& Analysis

    Research &Intelligence

    ActionableInsights

    BusinessSolution

    Primary Research Desk Research Company Analysis

    ✓ Recent Developments

    ✓ Market Changing

    Aspects/Dynamics

    ✓ Government Policies

    ✓ Conclusion

    ✓ Market Participants

    ✓ Key Strengths

    ✓ LinkedIn✓ TechSci Internal

    Database

    ✓ Factiva✓ Hoovers

    Paid Sources

    ✓ Company Websites✓ Company Annual

    Reports✓ White Paper Study✓ Financial Reports✓ Investor

    Presentations✓ Regulatory Body✓ Associations, etc.

    Secondary Research

    Primary Research

  • 9

    Research Methodology

    Baseline Methodology

    Our dedicated team of industry experts has monitored and analyzed various aspects of Australia office furniture market. The team has

    analyzed the outlook of various segments of this market, while considering the major influencing factors such as growing demand for office

    furniture sets. The study includes market forecasting, which would enable our clients to take better decisions while planning their strategy to

    achieve sustainability in Australia office furniture market.

    Methodology Followed for Calculation of Market Size:

    • Market Size by Value: Market size, in terms of value, for the year 2020 was calculated based on information collected through exhaustive

    secondary research and primary surveys, with various key opinion leaders/stakeholders, such as office furniture companies, channel

    partners, end-user industry experts, and other industry participants.

    • The team interviewed more than 15-20 office furniture market companies, 100 – 120 end use industries, and 15 – 20 industry experts and

    other value chain stakeholders in Australia office furniture market to obtain the overall market size for 2016-2020, which was validated by

    the Delphi technique. Taking standard deviation into consideration, the market size was averaged out, to arrive at the market size data for

    2016-2020.

  • 10

    Research Methodology

    • Respondents were asked about the current and future market growth rates, market shares by type, by point of sales, by raw material, by

    region and by company. Removing the outlier responses, the geometric mean of growth estimates and provider wise revenue shares

    generated across various segments were considered, to arrive at the final revenue shares. Revenue shares generated across various

    segments were further triangulated from other stakeholders.

    Methodology Followed for Calculation of Market Shares:

    • Market shares by type, by point of sales, by raw material, by region and by company were calculated based on the responses received

    through primary surveys with industry experts, in which the respondents were asked about the market shares or revenue generated from

    various segments of office furnitures market. The final shares were calculated by taking the geometric mean of the responses gathered from

    key opinion leaders after eliminating the outliers.

    Methodology Followed for Forecasting:

    • TechSci Research performed periodical checks on data collected through the surveys with logic checks and analyzed the survey results in

    SPSS/Tableau Software.

    • Data triangulation techniques were applied to fill the gaps and to present a more meaningful picture of the market. To forecast Australia

    office furniture market, TechSci Research used various forecast techniques such as:

    ✓ Moving Average

    ✓ Time Series Analysis

    ✓ Regression Analysis

    ✓ Econometric and Judgmental Analysis

  • 11

    Research Methodology

    TechSci Research used its own forecast tool, which is based on the growth of various allied industries in respective regions. TechSci Research

    also used the impact analysis during short, medium and long- term period to estimate and analyse market demand scenario. It should be noted

    that the figures compiled are only for the organized market including market share data.

    Partial List of Companies Interviewed Key Secondary Sources

    ▪ 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

    ▪ World Bank▪ TechSci Research Proprietary Database & Knowledge

    Repository▪ Company Annual Reports ▪ Industry Magazines▪ Industry Reports▪ News Dailies▪ Credible Paid Databases

    © TechSci Research

  • 12

    Industry Brief

    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.

    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 brandvalue. Other competitive strategies include mergers & acquisitions and new product developments.

    “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.

  • 13

    Sample Data - Snapshot

    Australia Office Furniture Market Size, By Value (USD Million), 2016-2026F

    5.00 6.007.00 8.00

    9.00 10.0011.00 12.00

    13.00 14.0015.00

    2016 2020 2021E 2026F

    By Value (USD Million)CAGR BY VALUE: XX% CAGR BY VALUE: XX%

    Australia Office Furniture Market Share, By Type, By Value, 2016–2026F

    20%20%

    20%

    20%

    20%

    20%

    20%

    20%

    20%

    20%

    20%

    20%20%

    20%

    20%

    20%

    20%

    20%

    20%

    20%

    20%

    20%

    20%20%

    20%

    20%

    20%

    20%

    20%

    20%

    20%

    20%

    20%

    40%40%

    40%

    40%

    40%

    40%

    40%

    40%

    40%

    40%

    40%

    2016

    2017

    2018

    2019

    2020

    2021E

    2022F

    2023F

    2024F

    2025F

    2026F

    Chairs Desks Filing Cabinets & Lockers Others

    Australia Wood Office Furniture Market Share, By Point of Sale, By Value, 2016–2026F

    20%20%20%20%20%20%20%20%20%20%20%

    20%20%20%20%20%20%20%20%20%20%20%

    20%20%20%20%20%20%20%20%20%20%20%

    40%40%40%40%40%40%40%40%40%40%40%

    2016

    2017

    2018

    2019

    2020

    2021E

    2022F

    2023F

    2024F

    2025F

    2026F

    Exclusive Showrooms Supermarkets/Hypermarkets Online Others

  • 14

    Report Ordering

    License Type Price

    Electronic Access - Single User License $3450

    Electronic Access - Multi-User License $4450

    Custom Research License $8450

    Report Price

    To View Sample OR Purchase Report

    Report Name: AUSTRALIA OFFICE FURNITURE MARKET

    FORECAST & OPPORTUNITIES2016 – 2026

    https://www.techsciresearch.com/report/australia-office-furniture-market/7534.html

  • About Us & Disclaimer

    TechSci Research is a global market research and consulting company with offices in the US, UK and Australia. TechSci Research provides market research reports in

    number of areas to organizations. The company uses innovative business Modes that focus on improving productivity, while ensuring creation of high-quality reports. The

    proprietary forecasting Modes use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ Mode

    of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of

    the opportunities available in the market.

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    The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made that it is timely,accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considersreliable and firsthand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information and it is not responsible for any errors oromissions or for the results obtained from the use of such information and especially states that it has no financial liability whatsoever to the subscribers / users of thisreport. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative marketsize and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research.

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