Market Trends of Indonesia Office Furniture Industry
This section covers the major market trends shaping the Indonesia Office Furniture Market according to our research experts:
Rising Urbanization is Driving the Market
Urbanization is the process through which cities grow, and higher and higher percentages of the population come to live in the city. Indonesia has experienced ongoing urbanization, and it is estimated that over half of its population now lives in urban areas. The growing urbanization in the country, as well as the construction of new offices, escalates the demand for office furniture products. Limited land space in urban areas has resulted in vertical construction expansion. Thus, rising construction buildings and the establishment of new office buildings is likely to drive the demand for the office furniture market.
Wood is One of the Most Widely Used Materials for Office Furniture Production
The wood segment held the largest market share and is expected to expand at the highest CAGR over the forecast period. This growth is expected to accelerate as wood is one of the raw materials naturally available in abundance and can be used in the production of almost all types of furniture products. Numerous local Indonesian companies are utilizing reclaimed wood to make a variety of office furniture types ranging from tables, chairs and often complement their efforts with local reforestation programs. Moreover, wooden furniture manufacturers are increasingly focusing on providing eco-friendly and adaptable products for gaining a competitive edge in the market. In addition, the increasing popularity of luxury wooden furniture for improving office interior designs will provide potential growth opportunities for industry expansion.
