Market Trends of Asia-Pacific Contract Furniture Industry
This section covers the major market trends shaping the APAC Contract Furniture Market according to our research experts:
Increased Number of Workspaces in Asia-Pacific is Driving the Demand of Contract Furniture
Due to the rising demand for operational workspaces, an increase in the construction of offices and corporate buildings has been observed not just in the Asia-Pacific but globally. Expanding the working population has resulted in an increased number of office establishments, with an increased demand for office furniture. Around 3.32 billion people were employed in 2022 globally. The corporate sector is expected to attain 5% gains and is predicted to capture a market share higher than 45% by 2030.
China is Expected to Hold a Major Share in the Asia-Pacific Region
China is one of the leading contract furniture manufacturers and exporters at the global level. Many new types of companies have been established in China because of its development of economic construction. This, in turn, has led to the growth of contract furniture rapidly. The country's office furniture enterprise has first-class production equipment and good-quality products that are stable, reliable, and cost-effective.
China is a major exporter and the main supplier of contract furniture for the United States, Germany, France, the United Kingdom, and Japan. The office furniture market in China gradually built into an industrial-scale business through several decades of evolution. Yet the market still contains many issues, and the market is improving. In the long term, due to the booming need, the office furniture market in China still has potential.
