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In this report, LP Information covers the present scenario (with the base year being 2017) and the growth prospects of global Office Storage & Organization market for 2018-2023.
This report studies the Office Storage Cabinet market. These storage cabinets can help to sort and organize it all: from important documents to a pen. It helps to save plenty of room. In the report we analyzed normal office storage cabinet and mobile shelving for office.
On the basis of region, Asia is the largest market segment of Office Storage & Organization, especially China, with a consumption volume market share nearly 25.13% in 2017, followed by Europe with a consumption market share nearly 16.83% in 2017.
The industry is very scattered, and most of office furniture factories only pay attention to "spreads" instead of focusing on the design and quality of products, and also lack a scientific marketing strategy. There is a lack of long-term, stable, and scientific strategic guidance in product development, brand building, marketing, marketing, channel management, logistics and distribution, after-sales services, and vendor relations, so that they can only occupy a low-end office furniture market with low profits.
After research, we find the amount of office furniture company is less than home furniture company, especially mobile shelving for office. And the brand awareness for office furniture market is less than home furniture market. The products in this industry are look similar, and some brand office furniture manufacturers reduce costs by outsourcing products which reduce the quantity of furniture. The threshold for entry into the industry is low. Many office furniture manufacturers increase market share by taken non-standard competition to obtain sales what made manufacturers who insist on quality destroyed in this disorderly competition.
Over the next five years, LPI(LP Information) projects that Office Storage & Organization will register a 8.3% CAGR in terms of revenue, reach US$ 3900 million by 2023, from US$ 2420 million in 2017.
This report presents a comprehensive overview, market shares, and growth opportunities of Office Storage & Organization market by product type, application, key manufacturers and key regions.
To calculate the market size, LP Information considers value and volume generated from the sales of the following segments:
Segmentation by product type:
- Normal Office Storage Cabinet
- Mobile Shelving for Office
Segmentation by application:
- Direct Sales
- Indirect Sales
This report also splits the market by region:
- - United States
- - Canada
- - Mexico
- - Brazil
- - China
- - Japan
- - Korea
- - Southeast Asia
- - India
- - Australia
- - Germany
- - France
- - UK
- - Italy
- - Russia
- - Spain
- Middle East & Africa
- - Egypt
- - South Africa
- - Israel
- - Turkey
- - GCC Countries
The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report:
- HNI Corporation
- Herman Miller
- Steelcase Inc.
- Spacesaver Corporation
- Montel Inc.
In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.
- To study and analyze the global Office Storage & Organization consumption (value & volume) by key regions/countries, product type and application, history data from 2013 to 2017, and forecast to 2023.
- To understand the structure of Office Storage & Organization market by identifying its various subsegments.
- Focuses on the key global Office Storage & Organization manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
- To analyze the Office Storage & Organization with respect to individual growth trends, future prospects, and their contribution to the total market.
- To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
- To project the consumption of Office Storage & Organization submarkets, with respect to key regions (along with their respective key countries).
- To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
- To strategically profile the key players and comprehensively analyze their growth strategies.