Today, the need for ergonomics has surpassed the walls of the office. Brands today are designing visionary furniture ranges that are not only comfortable but also stylish, space saving and multi-purpose. For instance, recently Wayfair Professional launched a collection of commercial furniture and decor line to meet the ever-increasing seating demand for commercial as well as residential sectors. Steelcase also acquired Orange Box Group to innovate office furniture range by focusing on a collaborative working approach for a broader range of furniture. Similarly, India’s one of the leading office furniture, AFC Furniture Solutions recently acquired furniture brands of Wipro Enterprise comprising Xbench, Vibrant and Livo.
Based on fully excavating the potential of furniture, brands have started opening new showrooms and experience centres. Durian recently welcomed its second store in Bhubaneshwar spread across 4900 sqft. Also, Nilkamal opened its biggest store in Nagpur offering a humongous selection of the finest quality in home and office furniture category.
The Sri Lankan lifestyle brand which now covers 10 states in India, Damro reached a milestone in India with the opening of its 100th showroom in Kolkata. With plans of opening more 50 showrooms, the brand also invested US dollars 70.4 million in a luxury urban hotel in Colombo. After the launch of its largest furniture manufacturing unit in Hosur, Tamil Nadu, Wakefit is now eying IPOs in the coming two years as it aims to close FY23 at Rs 950 crore. The company clocked over Rs 630 crore in revenues in FY22 and has opened 12 stores in the last six months and plans to take this number to 30 by the end of this fiscal year. Citing the report, Furniture Design & Technology (FDT Magazine) states that India is one of the biggest importers of office furniture, accounting for nearly one-fifth of the world’s imports of office furniture. The growing popularity of B2B e-commerce platforms has also contributed to the rise in import levels in this sector.
Modern commercial furniture is the trend post COVID-19. The demand for commercial furniture and product innovation go hand-in-hand. Upgradations in ergonomics to suit spaces and offer comfort, renovation and modification of spaces have boosted the growing demand for commercial furniture. FDT observes a staggering increase in demand that is surely in sight as the growth is mainly attributed to the increasing number of commercial spaces, IT parks catering to significant consumption of office furniture and the recent initiatives of providing comfortable working environments for employees.
This article is a part of our exclusive article ‘What’s Driving the Growing Demand for Commercial Furniture’ which is originally published in Furniture Design & Technology (FDT Magazine) January 2023 print issue. If you want to read the full article, please subscribe Furniture Design & Technology Magazine here:
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FDT is a B2B monthly bilingual magazine from India that shares the pulse of the furniture business in India and connects the manufacturers, OEMS, product designers, architects, showrooms, designers and dealers.
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