Russia Office Furniture Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Russia office furniture market is segmented By Material (Wood, Metal, Plastics, Others), By Product (Seating, Storage Units, Workstation, Tables, Other Accessories) and By Distribution Channel (Offline, Online).

Market Snapshot

Russia Office Furniture Market
Study Period: 2018-2027
Base Year: 2021
CAGR: >9 %

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Market Overview

The COVID -19 pandemic has disrupted the office furniture market by making a change in the work pattern, where in employees were supposed to work from home. Consequently, there were minimal operations in the workplace and even new companies who have planned to start their offices from 2020 were unable to execute things as per their plans. However the market is expected to grow within 2 years.

There has been an increase in the number of industries in the recent years and a subsequent demand for Office Furniture owing to the needs of a better working area including cubicles, tables etc. For boosting colleague communications, collaborative environment and social interactions, organizations are creating informal office spaces. This shift has prompted the manufacturers in the office furniture industry to introduce advanced furniture products. However, increasing prices for office spaces are forcing enterprises and companies to adopt modular office furniture.

 Also the present day offices are expected to maintain an aesthetic appearance in order to have a good working atmosphere for the employees. Also there has been a rise in the demand for smart workplace furniture that provides internet connectivity as well as promotes better posture and movement support. Thus, manufacturers are designing office furniture that minimizes stress and offers enhanced comfort. These factors account for the increase in the supply and demand of Office Furniture Market in Russia. 

Scope of the Report

The Office Furniture Market includes all the equipment essential for a workspace in an office. The Russian Office Furniture Market is segmented by Material, Product and by Distribution Channel . By Material, the market is segmented into Wood, Metal, Plastics and Others. By Product, the market is segmented into Seating, Storage Units, Workstation, Tables and Other Accessories. By Distribution Channel, the market is segmented into Offline and Online.

Material
Wood
Metal
Plastic
Other Materials
Product
Seating (Office Chairs, Guest Chairs, Stools, Sofa, Others)
Storage Units (Bins & Shelves, Cabinets, Others)
Tables (Conference Tables, Occasional Tables, Others)
Others
Distribution Channel
Offline
Online

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Key Market Trends

Increasing Office Spaces in Moscow City

Moscow reserves leadership in business development in Russia. In the coming years, several business centres in Moscow are waiting for redevelopment. This is expected to contribute toward an increase in demand for office furniture during the forecast period. The style of office furniture can be correlated with the work style and output of the employees of an organization. At present, the market for office furniture is driven by factors like the expanding corporate sector, rapidly growing real estate industry and escalating demand for premium and designer furniture. Increasing office construction spending is expected to behold the growth of the market. In line with the same, leading office furniture companies are manufacturing which offers better comfort and can improve productivity.

Russia Office Furniture Market 1

Rise in Online Sales of Office Furniture

Growing number of start-ups, rising consumer engagement through online shopping platforms, rising number of home-based offices, and growing internet penetration contribute toward increased demand for the online sales of office furniture. Owing to increasing consumer preference for online shopping, several office furniture companies are selling their products through their own website or through popular retail websites.Also the lifestyles of the majority of the owners of the companies is pretty hectic ,the online stores are attracting customers in huge numbers as it saves the time of the customer in travelling to the store and is catering to the demand for variety. Also it saves the money required for a physical visit to the store. All these factors account for the increase in online sales of Office Furniture.

Russia Office Furniture Market 2

Competitive Landscape

The report covers major international players operating in the Russia Office Furniture Market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.

Recent Developments

  • In April 2022, IKEA collaborated with Marimekko to create a collection inspired by the sauna culture and its deep roots in the Nordic lifestyle. The joint project was focussed on improving sophisticated products.
  • In August 2021, Narbutas has expanded its network into Germany by opening its second showroom(217 sq. m in terms of area) in the city of Waiblingen introduce its modern Office Furniture solutions to clients, architects, and designers in Southwest Germany.

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Value Chain / Supply Chain Analysis

    5. 4.5 Porters 5 Force Analysis

      1. 4.5.1 Threat of New Entrants

      2. 4.5.2 Bargaining Power of Buyers/Consumers

      3. 4.5.3 Bargaining Power of Suppliers

      4. 4.5.4 Threat of Substitute Products

      5. 4.5.5 Intensity of Competitive Rivalry

    6. 4.6 Insights on impact of technology and innovation in the Market

    7. 4.7 Impact of COVID-19 on the Market

  5. 5. MARKET SEGMENTATION

    1. 5.1 Material

      1. 5.1.1 Wood

      2. 5.1.2 Metal

      3. 5.1.3 Plastic

      4. 5.1.4 Other Materials

    2. 5.2 Product

      1. 5.2.1 Seating (Office Chairs, Guest Chairs, Stools, Sofa, Others)

      2. 5.2.2 Storage Units (Bins & Shelves, Cabinets, Others)

      3. 5.2.3 Tables (Conference Tables, Occasional Tables, Others)

      4. 5.2.4 Others

    3. 5.3 Distribution Channel

      1. 5.3.1 Offline

      2. 5.3.2 Online

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Market Concentration Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Metta company

      2. 6.2.2 IKEA

      3. 6.2.3 FELIX Company

      4. 6.2.4 Narbutas

      5. 6.2.5 ARTU factory

      6. 6.2.6 DiKom

      7. 6.2.7 Tabula Sense

      8. 6.2.8 KSBuro

      9. 6.2.9 Bene Rus LLC

      10. 6.2.10 Steelcase*

    3. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  8. 8. DISCLAIMER AND ABOUT US

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Frequently Asked Questions

The Russia Office Furniture Market market is studied from 2018 - 2027.

The Russia Office Furniture Market is growing at a CAGR of >9% over the next 5 years.

Metta company, IKEA, FELIX Company, Narbutas, ARTU factory are the major companies operating in Russia Office Furniture Market.

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