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The COVID-19 outbreak acted as a massive restraint on the office furniture manufacturing market in 2020, as supply chains were disrupted due to trade restrictions and consumption declined due to lockdowns imposed by governments. However, with various economies steadily lifting their respective lockdowns, a steady recovery trend is expected to be seen in the upcoming years, with the office furniture industry showcasing a decent jump in revenues.
The office furniture market in UK is anticipated to witness strong growth in the forecast period. Some of the major factors attributing to this growth are the increasing number of commercial spaces in the country, and the emerging trends for office spaces such as flex offices and coworking spaces.
Office furniture accounts for nearly 10-15% of the overall furniture consumption in UK. It is also a market where import penetration is lower. It is partially attributed to the reality that major office furniture orders are mostly done by vendors, developing or co-developing a project with the supplier, thereby giving a competitive advantage to national corporations.
Scope of the Report
Sustainable furniture, is an emerging concept, and largely includes furniture made from eco-friendly or recycled materials that are sustainably sourced. Some of the prevalent raw materials used for green furniture include recycled textiles, oak, birch, hemp, wood, and bamboo. A complete analysis of the UK Sustainable Office Furniture Market, which includes an assessment of the emerging market trends by segments, significant changes in the market dynamics, and the market overview is covered in the report. The UK Sustainable Office Furniture Market is segmented By Product Type (Seating, Tables, Storage Units, Desks, Other Office Furniture), By Material (Wood, Bamboo, PET, Others) and By Distribution Channel (Online and Offline)
|By Product Type|
|Other Office Furniture|
|By Distribution Channel|
Key Market Trends
Increasing Demand for Office Furniture is Driving the Market
Desks, office chairs, storage cabinets, and other office furniture items are used for a variety of purposes, including cabinet meetings, desks for placing gadgets, logistics, and cafeteria. One of the elements driving up demand for office furniture is an increase in the employment rate. Increasing demand for office furniture, together with increased investment in office premises, is expected to boost the growth of the UK sustainable office furniture market throughout the forecast period. The desire for branded furnishings has increased, and a growth in enterprises from various nations is pushing the UK office furniture market. Office furniture is evolving with new designs and styles that are appealing, convincing, and comfortable to consumers.
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Rise in Commercial Space Construction
The rise of the UK sustainable office furniture market is being aided by increased commercial construction activity. As corporations furnish new office spaces, demand is expected to rise due to an increase in commercial and office building construction and remodelling activity. Due to the increasing construction of commercial zones, an increase in the number of corporate offices is creating a demand for contemporary office furniture across the region. Furthermore, during the forecast period, the development of new office spaces is likely to be a major driver of the sustainable office furniture market.
The report covers major international and local players operating in the UK sustainable office furniture market. In terms of market share, few of the major players currently dominate the market. However, with technological advancements and product innovations, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping into new markets.
May 2022: Online furniture retailer from the UK, Made.com, has announced an acquisition of Trouva. This lifestyle marketplace sells products from over 700 independent boutiques and brands. Through the acquisition, Made.com wants to grow its marketplace business.
June 2021: BMG partners with the Coggin Group to deliver sustainable office furniture solutions. Office and commercial relocation change management company, Business Moves Group (BMG), has partnered with the Coggin Group in a move that will strengthen its sustainable furniture offering.
Table of Contents
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porters Five Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Insights on Current Trends and Technological Innovations in the Market
4.7 Consumer Buying Behavior and Preferences
4.8 Insights on Industry Certifications and Government Initiatives/Regulations for Sustainable Furniture
4.9 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Product Type
5.1.3 Storage Units
5.1.5 Other Office Furniture
5.2 By Material
5.3 By Distribution Channel
6. COMPETITIVE LANDSCAPE
*List Not Exhaustive
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Lee & Plumpton
6.2.2 Verve Workspace
6.2.4 Metric Office Furniture
6.2.5 Office Reality
6.2.6 Hunts Office
6.2.7 Diamond Business Interiors LTD
6.2.8 Tangent Furniture LTD
6.2.9 Flexiform Business Furniture
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
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Frequently Asked Questions
What is the study period of this market?
The UK Sustainable Office Furniture Market market is studied from 2018 - 2027.
What is the growth rate of UK Sustainable Office Furniture Market?
The UK Sustainable Office Furniture Market is growing at a CAGR of >5% over the next 5 years.
Who are the key players in UK Sustainable Office Furniture Market?
Lee & Plumpton, Verve Workspace, Frem, Metric Office Furniture, Office Reality are the major companies operating in UK Sustainable Office Furniture Market.