Mexico Office Furniture Market Size To Grow At A CAGR Of 3.70% In The Forecast Period Of 2023-2028
The ‘Mexico Office Furniture Market Size, Share, Price, Trends, Growth, Report and Forecast 2023-2028’ by Expert Market Research gives an extensive outlook of the Mexico office furniture market, assessing the market on the basis of its segments like product type, material type, price range, distribution channel, and major regions.
The report studies the latest updates in the market, along with their impact across the market. It also analyses the market demand, together with its price and demand indicators. The report also tracks the market on the basis of SWOT and Porter’s Five Forces Models.
Mexico Office Furniture Market Size, Share, Price, Trends, Growth, Key Players, Report and Forecast
The key highlights of the report include:
Market Overview (2018-2028)
• Historical Market Size (2022): Around USD 824.65 Million
• Forecast CAGR (2023-2028): 3.70%
• Forecast Market Size (2028): Nearly USD 1005.701 Million
Rapid urban development is one of the leading factors for Mexico office furniture market growth as it propels the expansion of commercial spaces and the establishment of new offices, which is augmenting the demand for improved and durable office furniture.
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The increased investment by large corporations and corporate offices in office furnishings to provide an improved, comfortable, pleasant, and productive atmosphere for the workers and employees, is further enhancing the Mexico office furniture market value.
The demand for office furniture is projected to increase due to the growing working population and the increasing number of individuals working from home or distant locations. Employees working from home are likely to create a working space and integrate appropriate furniture for the work.
Furthermore, with rising environmental awareness and expanding office spaces, companies are increasingly adopting sustainable furniture with the aim to conserve and reduce the contribution to landfills.
Mexico Office Furniture Industry Definition and Major Segments
Office furniture is crucial for every office space as it creates a proper working environment for the employees. Its main function is to aid in enhancing productivity among employees and wellness within the workplace. Office furniture generally consists of chairs, desks, tables, file cabinets, computer desks, and lounge seating. The furniture is most commonly made of metal, wood, and high-pressure laminate, among others.
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The market segments, based on product type, include:
• File Cabinets and Storage
• Overhead Bins
The Mexico office furniture market, based on material type, can be divided into:
• Plastic and Fibre
Based on price range, the market can be segmented into:
The different distribution channels of office furniture in Mexico include:
• Direct Sales
• Specialist Store
• Non-Specialist Stores
The regional markets for Mexico office furniture include:
• North Mexico
• Central Mexico
• Pacific Coast
• Yucatan Peninsula
• Baja California
Mexico Office Furniture Market Trends
The e-commerce industry’s explosive growth is propelling office furniture sales and improving the market dynamics as it enables the delivery of products in remote locations in Mexico. Office furniture that is both affordable and of the highest quality is also being offered by speciality retailers, thus enhancing accessibility for potential clients.
Suitable seating is rapidly gaining importance due to scientific research showing the impact of posture on our health. People are increasingly following scientific principles for the best posture to reduce lifestyle disorders and exhaustion while working, which increases the demand for ergonomic chairs.
Smart and adjustable furniture is another trend driving the Mexico office furniture market growth. The office furniture market in Mexico is proliferating with the growing popularity of flexible and multi-functional furniture including items such as standing desks, height-adjustable desks, and ergonomic chairs, which can be easily reconfigured to accommodate changing work environments and tasks.
Key Market Players
The major players in the Mexico office furniture market report are:
• Productos Metalicos Steele S.A. De C.V.
• Manufacturas Post Form S.A. de C.V.
• HNI Corporation
• Ofiplan Velasco, SA de CV
• Poliarte SA de CV
The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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