South Korea Office Chair Market Research Report, 2028

South Korea Office Chair Market Research Report, 2028

Actual Market Research 28-02-2023 54 Pages Figures : 5 Tables : 15 Region : Asia-Pacific Country : Korea South Category : Consumer Goods & Services Household Goods

South Korea's office chair industry grew when the country’s economy began to rapidly industrialise and modernise. As more companies set up offices and factories, there was a growing demand for office chairs. The market is distinguished by a focus on ergonomics and comfort, with several chairs created to satisfy the requirements of a diverse workforce. Local manufacturers started making chairs to satisfy the rising demand for supportive and ergonomic chairs. The office chair market in South Korea kept expanding, and regional producers increased the variety of seats they offered, from budget ergonomic versions to high-end task chairs. The market also became increasingly cutthroat as both national and foreign brands competed for market share. According to the research report "South Korea Office Chair Market Research Report, 2028," published by Actual Market Research, the South Korean Office Chair market is expected to add USD 171.35 Million by 2028. The need for new offices is rising along with the number of employed individuals in the nation. Furthermore, the market for office chairs is anticipated to expand at a strong rate over the projected period due to the rise of corporate offices across the nation, particularly in Seoul. South Korea is a developing country with a strong inclination towards innovation and technology, which requires a workforce. When there is an increase in demand for the office spaces that require office chairs for the employees, there is also a demand for eco-friendly and sustainable furniture. Rising disposable income and a high living standard also aid the growth of the office chair in South Korea. South Korean office chairs are known for their innovative designs and use of high-quality materials, such as mesh, leather, and steel. There is a growing trend towards the use of ergonomic chairs that offer better lumbar support and help reduce back pain among office workers. The office chair is segmented into the ergonomic chair, conference chair, executive chair, and others like the computer chair, kneeling chairs, petite chairs, reception area chairs, tablet arm chairs, and armless chairs. The ergonomic chairs feature several adjustments that enable them to completely support a wide range of distinctive people. Seat depth, knee tilt, seat height, back height, and lumbar support are a few of these crucial modifications. Aesthetics play a big role in executive chair design. They have outstanding looks and typically have high backs and lots of cushion. To encourage participation in meetings and conversations, conference room chairs are made to lean slightly forward. Due to the fact that people are typically not seated in these types of chairs for extended periods of time, they typically have relatively limited adjustability choices. The South Korean government has introduced various initiatives and regulations to ensure the safety, quality, and sustainability of office chairs in the country. One of the key initiatives is the Korean Agency for Technology and Standards (KATS), which is responsible for developing and enforcing safety standards for various products, including office chairs. KATS conducts regular inspections and tests on office chairs to ensure that they meet the required safety standards. In addition, the Ministry of Environment has introduced regulations aimed at promoting environmentally sustainable office chairs. The regulations require manufacturers to use eco-friendly materials and production processes and to minimize waste and emissions during production. Furthermore, the South Korean government has also introduced tax incentives and subsidies for companies that invest in ergonomic office furniture, including chairs. This initiative aims to promote better employee health and productivity in the workplace. In South Korea, the distribution channel is segmented into online and offline. Offline channels include physical stores such as furniture stores, department stores, and office supply stores. These stores typically carry a wide range of office chairs from different brands and manufacturers. Some of the popular furniture stores in South Korea include IKEA, Emart, and Home Plus, while office supply stores include Office Depot and Staples. Online channels have become increasingly popular in recent years, with many consumers opting to shop for office chairs online due to the convenience and availability of a wider range of products. Online marketplaces such as Gmarket, 11st, and Coupang offer a wide range of office chairs from various brands and manufacturers. Considered in this report • Geography: South Korea • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • South Korea Office Chair Market with its value and forecast along with its segments • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation By Accessories Type: • Ergonomic Office Chair • Executive office Chair • Conference Chairs • Others like (Computer Chairs, Kneel Chairs, Petite Chairs, Reception Area Chairs, Tablet Arm Chairs, Armless Chairs). By Distribution Channel: • Online • Offline The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and list out the companies that are present in the market. The secondary research consists of third-party sources such as press releases, and annual reports of companies, analyzing the government-generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducting trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers into regional aspects, tier aspects, age groups, and gender. Once we have primary data with us we started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to the Office Chair industry, government bodies, and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

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