Market Size of Indonesia Office Furniture Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | 4.20 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Office Furniture in Indonesia Market Analysis
Office furniture market in Indonesia is expected to gain high revenue in the future due to expanding customer base across all regions of the country. The potential for locally manufactured furniture products in Indonesia is extensive, in line with the rapid development of office buildings across the country. Thus, office spending is likely to generate demand for furniture which is a basic necessity of the workspace area. The demand for modular and innovative solutions is likely to observe greater penetration among various type of office furniture. In addition, sharing workspace concept also gained wide popularity around the country. Rising concern towards environmental protection has intensified the demand for eco-friendly office furniture over the past few years. Keeping in mind the sustainability, the manufacturers are incorporating eco-friendly materials to manufacture furniture. Such innovation is anticipated to drive the growth of office furniture market over the next few years.
Office Furniture in Indonesia Industry Segmentation
A complete background analysis of the Indonesia office furniture market, which includes an assessment of the National accounts, economy, and the emerging market trends by segments, significant changes in the market dynamics, and the market overview is covered in the report.
Material | |
Wood | |
Metal | |
Plastic | |
Other Materials |
Product | |
Seating | |
Storage Units | |
Tables | |
Workstations | |
Others |
Distribution Channel | |
Supermarkets & Hypermarkets | |
Specialty Stores | |
Online | |
Other Distribution Channels |
Indonesia Office Furniture Market Size Summary
The office furniture market in Indonesia is poised for significant growth, driven by an expanding customer base and the rapid development of office buildings across the country. This growth is fueled by the increasing demand for modular and innovative office furniture solutions, as well as the rising popularity of shared workspace concepts. Environmental concerns have also led to a surge in demand for eco-friendly office furniture, prompting manufacturers to incorporate sustainable materials into their products. The ongoing urbanization in Indonesia, with a growing percentage of the population residing in urban areas, further escalates the demand for office furniture as new office buildings are constructed to accommodate the expanding workforce.
The wood segment of the office furniture market holds a substantial share and is expected to experience the highest growth rate during the forecast period. This is attributed to the abundant availability of wood as a raw material, which is used in producing various types of furniture. Local Indonesian companies are increasingly utilizing reclaimed wood and engaging in reforestation programs, enhancing their eco-friendly offerings. The popularity of luxury wooden furniture for office interior design is also contributing to market expansion. While major international players dominate the market, technological advancements and product innovations are enabling mid-size to smaller companies to strengthen their market presence by securing new contracts and exploring new markets.
Indonesia Office Furniture Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain / Supply Chain Analysis
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1.5 Porters 5 Force Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 Material
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2.1.1 Wood
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2.1.2 Metal
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2.1.3 Plastic
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2.1.4 Other Materials
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2.2 Product
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2.2.1 Seating
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2.2.2 Storage Units
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2.2.3 Tables
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2.2.4 Workstations
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2.2.5 Others
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2.3 Distribution Channel
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2.3.1 Supermarkets & Hypermarkets
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2.3.2 Specialty Stores
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2.3.3 Online
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2.3.4 Other Distribution Channels
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Indonesia Office Furniture Market Size FAQs
What is the current Indonesia Office Furniture Market size?
The Indonesia Office Furniture Market is projected to register a CAGR of 4.20% during the forecast period (2024-2029)
Who are the key players in Indonesia Office Furniture Market?
PT Chitose Internasional Tbk, PT. Furnindo International, Indachi Office Furniture, Vinoti Office and Stramm are the major companies operating in the Indonesia Office Furniture Market.