Market Size of UK Sustainable Office Furniture Industry
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2020 - 2022 |
| CAGR | > 5.00 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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UK Sustainable Office Furniture Market Analysis
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.
