India Modern Offices Market (2023-2029) | Segmentation, Growth, Companies, Revenue, Trends, Share, Outlook, Forecast, Industry, Analysis, Value & Size

Market Forcast By Product Type (Phone Booth, Meeting Booth, Focus Booth), By Region (Northern, Southern, Eastern, Western) By Cities (Mumbai, Chennai, Hyderabad, Bengaluru, Delhi NCR, Others) And Competitive Landscape

Product Code: ETC5928336 Publication Date: Apr 2024 Updated Date: Jan 1970 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 124 No. of Figures: 30 No. of Tables: 7

India Modern Offices Market Synopsis

India Modern Offices Market anticipates substantial growth, expecting Grade-A office space to surge from 700 to 1,200 million sq. ft. by 2030. Driven by robust growth, tech advancements, and rising FDI, it undergoes transformative changes, emphasizing agile workspaces and infrastructure development, showcasing India's global business competitiveness. Moreover, the robust growth of the office sector in India is driving a transformative shift in the modern office market, with increased demand for technologically advanced and flexible workspaces.

India Modern Offices Market

According to 6wresearch, India Modern Offices Market size is projected to grow at a CAGR of 10.4% during 2023-2029F. The growing startup ecosystem in India is poised to significantly enhance the revenue generation potential of office pods. The prevalent startup culture demands tailored solutions, such as office pods, which offer acoustic privacy, cost-effectiveness, and heightened flexibility. These attributes align seamlessly with the dynamic and evolving nature of startup environments, positioning office pods as a compelling choice for businesses seeking customizable workspace solutions. Exponential growth in number of startups in India after the government’s Startup India initiatives reflects India’s growing opportunity for modular and portable office players. Bengaluru, Delhi NCR and Mumbai are the largest startup cities in India. Thus, at this nascent stage in the market, it is suggested to tap into the start ecosystem of these cities.

India Modern Offices Market

Limited awareness regarding office pods is acting as a major hurdle in actualizing the market potential of the office pods segment in the country. MSMEs that constitute a significant part of office space are not aware about the office pods segment, or if, if aware have low confidence regarding this segment due to limited information. Thus, small and medium enterprises feel reluctant to invest in office pods.

Market Segmentation by Product Type

In 2022, Phone booth acquired the highest revenue share in the India Modern Office Industry owing to high demand across the service sector where phone booths are essential for combating speech intelligibility issues, and ensuring speech privacy in employees. These private spaces enhance concentration, fostering a productive and focused work environment.

Market Segmentation by Region

Southern India is positioned to secure a significant market share in the industry in the coming years, with Bengaluru representing 29% of overall office supply and Hyderabad following closely at 20%. Furthermore, government initiatives like the Smart Cities Mission and Startup India are anticipated to amplify this growth by fostering innovation and encouraging the adoption of modern workspace solutions.

Market Segmentation by Cities

By 2029, Bengaluru is positioned to lead the market with the largest share, as the city holds the presence of 80% of global IT giants. Close behind are Delhi, Hyderabad, and Mumbai, buoyed by the burgeoning startup culture and rising co-working spaces rising Grade A office spaces which currently occupy around 700 million sq. ft of office space.

Key Attractiveness of the Report

  • 10 Years of Market Numbers.
  • Historical Data Starting from 2019 to 2022.
  • Base Year: 2022
  • Forecast Data until 2029.
  • Key Performance Indicators Impacting the Market.
  • Major Upcoming Developments and Projects.

Key Highlights of the Report

  • India Modern Offices Market Overview
  • India Modern Offices Market Outlook
  • India Modern Offices Market Forecast
  • Historical Data and Forecast of India Modern Offices Market Revenues and Volume, for the Period 2019-2029F
  • Historical Data and Forecast of India Modern Offices Market Revenues and Volume, By Product Type, for the Period 2019-2029F
  • Historical Data and Forecast of India Modern Offices Market Revenues, By Region, for the Period 2019-2029F
  • Historical Data and Forecast of India Modern Offices Market Revenues, By Sales Channel, for the Period 2019-2029F
  • Opportunity Analysis in Key Areas/Cities of India
  • Price Trend Analysis
  • Region-wise Porter’s Five Force Analysis
  • India Modern Offices Market Drivers and Restraints
  • India Modern Offices Market Trends and Evolution
  • Market Opportunity Assessment, By Product Type
  • Market Opportunity Assessment, By Region
  • Modern Offices – Consumer Survey
  • Conjoint Analysis for Preferred Attributes/Parameters
  • Use Cases in India and Actionable Insights for Target Market Identification
  • Demand Analysis, By Volume, By Industries
  • India Modern Offices Market Revenue Share, By Companies
  • India Modern Offices Market Volume Share, By Companies
  • Market Competitive Benchmarking
  • Company Profiles
  • Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Product Type

  • Phone Booth
  • Meeting Booth
  • Focus Booth

By Region

  • Northern
  • Southern
  • Eastern
  • Western

By Cities

  • Mumbai
  • Chennai
  • Hyderabad
  • Bengaluru
  • Delhi NCR
  • Others
India Modern Offices Market (2023-2029): FAQs
India Modern Office Market size is projected to grow at a CAGR of 10.4% during 2023-2029F.
The robust growth of the office sector in India is driving a transformative shift in the modern office market, with increased demand for technologically advanced and flexible workspaces.
Limited awareness regarding office pods is acting as a major hurdle in actualizing the market potential of the office pods segment in the country.
Segments that are covered in the market report are by product type, region and cities.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
1 Executive Summary
2 Introduction
2.1 Key Highlights of The Report
2.2 Market Scope & Segmentation
2.3 Research Methodology
2.4 Assumptions
3 India Modern Offices Market Overview
3.1 India Modern Offices Market Overview
3.2 India Modern Offices Market Revenues and Volume (2019-2029F)
3.3 India Modern Offices Market Industry Life Cycle
3.4 India Modern Offices Market Porter’s Five Forces Model
4 Impact Analysis of COVID-19 on India Modern Offices Market
4.1 Adoption Trends Post COVID-19 Amongst Companies
5 India Modern Offices Market Dynamics
5.1 Impact Analysis
5.2 Market Drivers
5.3 Market Restraints
6 India Modern Offices Market Trends & Evolution
7 India Modern Offices Market Overview, By Type
7.1 India Modern Offices Market Revenue Share and Volume Share, By Product Type (2022 & 2029F)
7.2.1 India Modern Offices Market Revenues and Volume, By Phone Booth (2019-2029F)
7.2.2 India Modern Offices Market Revenues and Volume, By Meeting Booth (2019-2029F)
7.2.3 India Modern Offices Market Revenues and Volume, By Focus Booth (2019-2029F)
8 India Modern Offices Market Overview, By Regions
8.1 India Modern Offices Market Volume Share, By Region (2022 & 2029F)
8.2.1 India Modern Offices Market Volume, By Northern Region (2019-2029F)
8.2.2 India Modern Offices Market Volume, By Southern Region (2019-2029F)
8.2.3 India Modern Offices Market Volume, By Eastern Region (2019-2029F)
8.2.4 India Modern Offices Market Volume, By Western Region (2019-2029F)
9 India Modern Offices Market Overview, By Cities
9.1 India Modern Offices Market Volume Share, By Cities (2022 & 2029F)
9.2.1 India Modern Offices Market Volume, By Mumbai (2019-2029F)
9.2.2 India Modern Offices Market Volume, By Chennai (2019-2029F)
9.2.3 India Modern Offices Market Volume, By Bengaluru (2019-2029F)
9.2.4 India Modern Offices Market Volume, By Delhi (2019-2029F)
9.2.5 India Modern Offices Market Volume, By Hyderabad (2019-2029F)
9.2.6 India Modern Offices Market Volume, By Others (2019-2029F)
10 India Modern Offices Market - Analysis of Opportunity in Key Areas/Cities of India
11 India Modern Offices Market - Price Trend Analysis
11.1 Price Trend Analysis, By Type
11.2 Price Trend Analysis, By Feature
12 India Modern Offices Market - Sales Channel Analysis
12.1 Sales Channel Revenues, By Direct Sales (2022 & 2029F)
13. India Modern Offices Market Demand Analysis, By Industry
13.1 Demand Analysis, By Industry
14. India Modern Offices Market Case Study & Use Case Analysis
14.1 Case Study Analysis
14.2 Use Case Analysis
15. India Modern Offices Market Consumer Survey (Management Response)
15.1 Key Consideration
15.2 Key pain Point
15.3 Key Motivational Factors
15.4 Factors affecting the choice of Offices Pods, By Management Response
16. India Modern Offices Market Consumer Survey (Employee Response)
16.1 Key pain Point
16.2 Key Motivational Factors
16.3 Factors affecting the choice of Offices Pods, By Employee Response
17. India Modern Offices Market Conjoint Analysis
17.1 Attribute Levels
17.2 Outcomes of Conjoint Survey
18. India Modern Offices Market Opportunity Assessment
18.1 India Modern Offices Market Opportunity Assessment, By Type
18.2 India Modern Offices Market Opportunity Assessment, By Region
18.3 India Modern Offices Market Opportunity Assessment, By Cities
19. India Modern Offices Market Competitive Landscape
19.1 India Modern Offices Market Competitive Landscape, Company Ranking
19.2 India Modern Offices Market Competitive Landscape, Technical Parameter
19.3 India Modern Offices Market Competitive Landscape, Operating Parameters
20. India Modern Offices Market Company Profile
20.1 Ezeefit modular Furniture private limited
20.2 Featherlite Products Private Limited 
20.3 OFS Brands Holdings Inc
20.4 Furdexo Pvt Ltd
20.5 Talin Modular Offices Furniture Private limited 
20.6 Kraft-Obench LLP
20.7 Godrej Interio 
20.8 Haworth, Inc
20.9 HNI-India corporation 
20.10 M Moser Associates ltd.
20.11 Unidus Décor Private Limited
20.12 Amardeep Designs Indian Pvt Ltd 
20.13 Framery 
20.14 Orangebox
20.15 Herman and Miller furniture Pvt Ltd 
21. India Modern Offices Market- Key Strategic Recommendation
22. Disclaimer
List of Figures
1. India Modern Offices Market Revenues and Volume, 2019-2029F (USD Million, Units)
2. India Grade-A Offices Space, 2022-2030F (Million Square)
3. India Number of Startups, 2016-2022
4. India New Startups Registered, 2021-2022
5. India MSME Contribution to GDP, 2022
6. India Modern Offices Market Revenue Share, By Type, 2022 & 2029F
7. India Modern Offices Market Volume Share, By Type, 2022 & 2029F
8. India Modern Offices Market Volume Share, By Region, 2022 & 2029F
9. India Modern Offices Market Volume Share, By Cities, 2022 & 2029F
10. India Sector Wise New Offices Space Requirement, 2022-23 
11. India Sector Wise Offices Space Leasing, 2022
12. India Total Number of Offices Unit Sold and Transaction Value 2019-2022 ($ Million)
13. Bengaluru Modern Offices Market- Total Addressable Market For Modern Offices, By Volume, 2022
14. Bengaluru Offices Area Leasing, 2022, Mn Sqft
15. Delhi NCR Modern Offices Market- Total Addressable Market For Modern Offices, By Volume, 2022
16. Delhi NCR Offices Area Leasing, 2022, Mn Sqft
17. Hyderabad Modern Offices Market- Total Addressable Market For Modern Offices, By Volume, 2022
18. Hyderabad Offices Area Leasing, 2022, Mn Sqft
19. Mumbai Modern Offices Market- Total Addressable Market For Modern Offices, By Volume, 2022
20. Mumbai Offices Area Leasing, 2022, Mn Sqft
21. Chennai Modern Offices Market- Total Addressable Market For Modern Offices, By Volume, 2022
22. Chennai Offices Area Leasing, 2022, Mn Sqft
23. India Modern Offices Market Price Trend, By Types, 2019-2029F (INR/unit)
24. India Modern Offices Market Price Trend, By Features, 2019-2029F (INR/unit)
25. India Modern Offices Market Opportunity Assessment, By Types, 2029F ($ Million)
26. India Modern Offices Market Opportunity Assessment, By Regions, 2029F (Units)
27. India Modern Offices Market Opportunity Assessment, By Cities, 2029F (Units)
28. India Offices Pods Search Interest, By Region, Jan’19-Jan’24
29. India Top 3 Startup Ecosystems, 2023
30. Delhi NCR Offices Area Leasing, 2022, Mn Sqft
List of Tables
1. India Ongoing Offices Projects
2. Major Upcoming Commercial Offices Projects in India
3. Government of India Initiatives to Support Startup Ecosystem, 2023
4. India Modern Offices Market Revenue, By Type, 2019-2029F, (USD Million)
5. India Modern Offices Market Volume, By Type, 2019-2029F (Units)
6. India Modern Offices Market Volume, By Region, 2019-2029F, (Units)
7. India Modern Offices Market Volume, By Cities, 2019-2029F (Units)
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