Market Size of Indonesia Office Furniture Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 4.20 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Office Furniture in Indonesia Market Analysis
Office furniture market in Indonesia is expected to gain high revenue in the future due to expanding customer base across all regions of the country. The potential for locally manufactured furniture products in Indonesia is extensive, in line with the rapid development of office buildings across the country. Thus, office spending is likely to generate demand for furniture which is a basic necessity of the workspace area. The demand for modular and innovative solutions is likely to observe greater penetration among various type of office furniture. In addition, sharing workspace concept also gained wide popularity around the country. Rising concern towards environmental protection has intensified the demand for eco-friendly office furniture over the past few years. Keeping in mind the sustainability, the manufacturers are incorporating eco-friendly materials to manufacture furniture. Such innovation is anticipated to drive the growth of office furniture market over the next few years.