Office Furniture Market to Grow by $ 22.67 bn During 2020-2024 | Industry Analysis, Market Trends, Market Growth, Opportunities, and Forecast 2024 | Technavio
LONDON–(BUSINESS WIRE)–Technavio has been monitoring the office furniture market and it is poised to grow by USD 22.67 bn during 2020-2024, progressing at a CAGR of almost 6% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
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Impact of COVID-19
The COVID-19 pandemic continues to transform the growth of various industries, however, the immediate impact of the outbreak is varied. While a few industries will register a drop in demand, numerous others will continue to remain unscathed and show promising growth opportunities. COVID-19 will have a low impact on the office furniture market. The market growth in 2020 is likely to increase compared to the market growth in 2019.
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What are the major trends in the market?
Growing demand for eco-friendly office