Wednesday, September 5th, 2018 - Fact.MR

Asia-Pacific continues to be one of the most lucrative markets for office chair globally. Imported office chairs are gaining significant traction in APAC chair, with China anticipated to take the lead. According to a new research study by Fact.MR, this trend is likely to continue in the forthcoming years. The Chinese economy continues to maintain significant growth speed, which is further stimulated by the consecutive rise in capital investment, consumer consumption, import & export and industrial output for more than two decades. The demand for office chairs in Asia Pacific is not limited to China alone, with Australia also emerging as a key market for office chairs. Expansion of the production capabilities as well as growing consumer consumptions across China have been transforming China’s economy and society. Moreover, China is regarded as one amongst the world’s leading producers for consumer and industrial products.

APAC office chair market is likely to be driven by emerging demand for environment-friendly and customizable office chairs. Rapid urbanization and increasing number of workplaces and employment in Asia-Pacific are giving rise to production needs for office chair. Key players and manufacturers in APAC office chair market are taking immense efforts in catering to the growing demand for convenient and noise-free office chair by developing innovative designs and strategizing for expanding customer-base in foldable and multifunctional office chair production in the region.

Major customers in Japan office chair market are trade organizations, industrial firms and governmental agencies. The conventional distribution chain ‘manufacturer-wholesaler-retailer’ has been increasingly losing ground in Japan owing to the presence of key commercial ties amongst OEMs (smaller local producers) and the large distributors. Foreign brands across Japan are being distributed by means of large networks of local corporations.

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Europe, Asia and North America are analyzed as the main regions contributing towards the significant manufacturing and sales of office chair across the globe on account of rapid development in economy and advanced production technology. However, price fluctuations of upstream products are likely to impact the production costs of the office chairs industry. Increasing foreign direct investments and favorable government policies have resulted in increasing number of MNCs as well as entry of the foreign players.

Fact.MR recently revealed that massive infrastructural transformation and increasing number of industrial buildings is anticipated to drive the office chair market across the globe and the market is likely to expand at over 5.6% CAGR throughout the forecast period, 2028-2028. Trend of developing multifunctional office chair has gained significant traction in the office chair market on a global basis.

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Albeit nature of overall office chair market will continue to remain fragmented and collaborative efforts of the office chair manufacturers towards organizing the industry has gradually been strengthening the global supply chain. This step has further provided customers in office chair market a better exposure to wide-ranging product variants. However, transportation and shipping costs along with inclination of customers towards online purchase have been prevailing as a major concerns amongst the key players in office chair market across the globe.

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Keywords

Office chair market, Asia Pacific office chair market, office chair market volume, office chair sales in Asia Pacific, Office chair sales in China

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