Market Forecast By Types (Seating, Tables, Storage, Desks, Other ), By Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online Stores, Other ) And Competitive Landscape
Product Code: ETC017392 | Publication Date: Jun 2023 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
Report Name | Bangladesh Office Furniture Market |
Forecast period | 2025-2031 |
CAGR | 7.3% |
Growing Sector | Seating |
The Bangladesh Office Furniture Market report comprehensively covers the market by Types and Distribution Channels. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high-growth areas, and market drivers, which would help stakeholders devise and align their market strategies according to the current and future market dynamics.
The Bangladesh Office Furniture Market is experiencing robust growth, driven by a surge in corporate activities and the increasing adoption of ergonomic designs.
According to 6Wresearch, the Bangladesh Office Furniture Market is anticipated to grow at a CAGR of 7.3% during 2025-2031. The seating segment is witnessing significant expansion, fueled by rising demand for ergonomic office chairs that cater to employee comfort and productivity. The growing trend of remote working and the need for home office setups have also contributed to the increased demand for office furniture. Additionally, the expansion of the corporate sector and the establishment of new offices are further propelling market growth.
However, the market faces several challenges. The rising cost of raw materials, such as wood and metal, poses a significant challenge, impacting the overall production costs. Additionally, the presence of unorganized local manufacturers offering low-cost alternatives creates intense competition, making it difficult for premium brands to capture market share. The limited availability of high-quality raw materials in the local market also hampers the production of durable and high-end furniture, affecting the market's growth potential.
Key players in the Bangladesh Office Furniture Market include Hatil, Otobi, and Akij Group. Hatil is known for its innovative and ergonomic designs, offering a wide range of office furniture that caters to modern workplace needs. Otobi, a well-established brand, provides a diverse portfolio of office furniture, including seating, desks, and storage solutions, focusing on both functionality and aesthetics. Akij Group, another prominent player, offers affordable and durable office furniture, catering to a broad customer base, including small and medium-sized enterprises.
The Bangladeshi government is actively promoting the development of the furniture industry through various initiatives aimed at boosting local production and exports. These efforts include providing financial incentives and support to local manufacturers, encouraging the use of locally sourced raw materials, and investing in skill development programs to enhance the craftsmanship and quality of furniture products. Additionally, the government is working on improving infrastructure and logistics to support the growth of the furniture industry, thereby facilitating easier access to raw materials and expanding market reach. These initiatives are expected to create a favorable environment for the growth of the office furniture market.
The Bangladesh Office Furniture Market is expected to witness substantial growth, driven by the continuous expansion of the corporate sector and the increasing adoption of ergonomic and sustainable furniture designs. The rising awareness of employee well-being and productivity is likely to sustain the demand for ergonomic seating and workstations. The growing trend towards flexible workspaces and remote working is also expected to drive demand for versatile and space-saving furniture solutions. Furthermore, the focus on sustainability and eco-friendly materials is expected to shape the future of office furniture design and production. The market's expansion will be supported by ongoing government initiatives and the increasing participation of local manufacturers in the global furniture market.
According to Ravi Bhandari, Research Head, 6Wresearch, the seating category leads the market due to its essential role in enhancing employee comfort and productivity. Ergonomically designed chairs are increasingly in demand across both corporate offices and home workspaces, driving the growth of this segment. Other segments, such as tables and storage, are also gaining traction as businesses expand and require more comprehensive office setups.
The offline segment, particularly specialty stores and flagship stores, remains dominant due to the importance of physical inspection and customization in purchasing decisions. However, the online segment is rapidly growing, driven by the convenience of online shopping and the increasing availability of a wide range of products. Home centers are also significant players in the market, offering a diverse selection of office furniture that caters to different customer needs.
The report provides a detailed analysis of the following market segments
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Bangladesh Office Furniture Market Overview |
3.1 Bangladesh Country Macro Economic Indicators |
3.2 Bangladesh Office Furniture Market Revenues & Volume, 2021 & 2031F |
3.3 Bangladesh Office Furniture Market - Industry Life Cycle |
3.4 Bangladesh Office Furniture Market - Porter's Five Forces |
3.5 Bangladesh Office Furniture Market Revenues & Volume Share, By Types, 2021 & 2031F |
3.6 Bangladesh Office Furniture Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Bangladesh Office Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Bangladesh Office Furniture Market Trends |
6 Bangladesh Office Furniture Market, By Types |
6.1 Bangladesh Office Furniture Market, By Types |
6.1.1 Overview and Analysis |
6.1.2 Bangladesh Office Furniture Market Revenues & Volume, By Types, 2021 - 2031F |
6.1.3 Bangladesh Office Furniture Market Revenues & Volume, By Seating, 2021 - 2031F |
6.1.4 Bangladesh Office Furniture Market Revenues & Volume, By Tables, 2021 - 2031F |
6.1.5 Bangladesh Office Furniture Market Revenues & Volume, By Storage, 2021 - 2031F |
6.1.6 Bangladesh Office Furniture Market Revenues & Volume, By Desks, 2021 - 2031F |
6.1.7 Bangladesh Office Furniture Market Revenues & Volume, By Other , 2021 - 2031F |
6.2 Bangladesh Office Furniture Market, By Distribution Channel |
6.2.1 Overview and Analysis |
6.2.2 Bangladesh Office Furniture Market Revenues & Volume, By Home Centers, 2021 - 2031F |
6.2.3 Bangladesh Office Furniture Market Revenues & Volume, By Flagship Stores, 2021 - 2031F |
6.2.4 Bangladesh Office Furniture Market Revenues & Volume, By Specialty Stores, 2021 - 2031F |
6.2.5 Bangladesh Office Furniture Market Revenues & Volume, By Online Stores, 2021 - 2031F |
6.2.6 Bangladesh Office Furniture Market Revenues & Volume, By Other , 2021 - 2031F |
7 Bangladesh Office Furniture Market Import-Export Trade Statistics |
7.1 Bangladesh Office Furniture Market Export to Major Countries |
7.2 Bangladesh Office Furniture Market Imports from Major Countries |
8 Bangladesh Office Furniture Market Key Performance Indicators |
9 Bangladesh Office Furniture Market - Opportunity Assessment |
9.1 Bangladesh Office Furniture Market Opportunity Assessment, By Types, 2021 & 2031F |
9.2 Bangladesh Office Furniture Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Bangladesh Office Furniture Market - Competitive Landscape |
10.1 Bangladesh Office Furniture Market Revenue Share, By Companies, 2024 |
10.2 Bangladesh Office Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |