Press release
Flip-Top Tables Market Expected to Secure Notable Revenue Share during 2018-2028(basis of Application as: Conference Furniture Office Tables Break-room Tables Training-room Tables)
With the advent of efficient workspace emerges the demand for intelligent products. Flip-top tables are the products which can significantly reduce the costs associated with conference rooms by increasing their rate of use. End users need facilities to be flexible, they need to be able to set up different configurations quickly and easily and to handle speedy changeovers between training sessions, group meetings or conferencing. Flip-top table has been specifically conceived for this purpose. Flip-top tables offer a multiplicity of uses and simple mechanisms. Along with easy changeover, the product (flip-top table) contributes to the aesthetics of the workstation.
The flip-top tables market in the furniture industry is majorly driven by the space crunch factor and ease of changeover for the flip-top table. The market for the flip-top table is highly fragmented with a high number of domestic players. Players are focused on a lightweight flip-top table with amenities fixed on to the table. Majority of the flip-top tables market players operate through online sales channels. Few market players like Herman Miller operates in international markets too with 600 dealers in 109 countries.
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Global Flip-Top Tables Market Dynamics
Growth Drivers
The primary sector which has driven the flip-top tables market in the furniture industry is the private sector. The private sector is responsible for creating 84% of GDP and 90% of jobs in developing countries due to the increasing number of private firms. As the number of companies in private sector is increasing, the demand for intelligent furniture is growing. As a result, the market for flip-top tables grows. Alternate factors driving the global flip-top tables market is the wide range of designs compelling for aesthetics of the workplace. Thus, manufacturers of flip-top tables are becoming more concerned regarding the looks and aesthetic designs of flip-top tables. Manufacturer’s focus on resilient and durable product (flip-top table) driving the stronger consumer base for the flip-top market.
Restraints
Market players for flip top table market are also facing some restraints, such as, shipping and transportation costs remain a prime concern for flip-top tables manufacturers. Transportation costs starting from raw materials to finished products continue to create complexities. Thus, flip-top table manufacturers face problems of forward as well as reverse logistics. In addition, costs associated with packaging, warehousing, collecting, and reshipping of flip-top tables also add in product cost. Further, growing preference for online sales has invited buy-back approach without taking transportation cost from consumers.
Key Trends
Ready to Assemble flip-top tables outnumbers fully assembled flip-top tables in many ways. Space crunch remains a challenge for new office constructions, especially in emerging SMEs. A majority of office workplaces cannot accommodate permanently assembled flip-top tables, as a result demand for RTA flip-top table is growing rapidly. In addition, manufacturers as well as suppliers provide a range of services including shipment, personnel for assembly, and even return in case of damaged delivery. These services are gaining the trust of a large consumer base and, in turn, accelerating the demand for ready-to-assemble flip-top tables.
Global Flip-Top Tables Market Segmentation
Flip-top tables includes the following segments:
The global flip-top tables market can be segmented on the basis of Application as:
Conference Furniture
Office Tables
Break-room Tables
Training-room Tables
The global flip-top tables market can be segmented on the basis of shape as:
Rectangular
Circular
Semi-Circular
The global flip-top tables market can be segmented on the basis of Material Type as:
Wooden
Metal
Plastic
The global flip-top tables market can be segmented on the basis of Sales Channel as:
Direct Sales
Distribution Channel
Online Stores
The global flip-top tables market can be segmented on the basis of the geographical region as:
North America
Latin America
Europe
Japan
Asia Pacific excluding Japan (APEJ)
Middle East & Africa (MEA)
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Global Flip-Top Tables Market Regional Overview
The market for flip-top tables in the developed economies of North America and Europe consist of a few prominent flip-top tables companies with the broad product portfolio, and these are high potential markets for flip-top tables. On the other hand, the majority of the flip-top tables demand in Asia Pacific region is served by a large number of small flip-top tables equipment providing firms constituting sizeable un-organized manufacturing sector of Asia Pacific. The flip-top table market in the Middle East is growing rapidly owing to the adoption of innovation and increasing preference for comfort. In particular, the briskly growing economies in Gulf countries including Saudi Arabia, the UAE, Kuwait, Qatar, and Bahrain present lucrative opportunities for flip-top table market in the coming years.
Global Flip-Top Tables Market Key Players
Some of the key players in the flip-top tables market are
Herman Miller
Special-T
Wayfair
William Hands
Tables for Business
MiEN COMPANY
Luxe Home Company
The Contract Chair Company
Source Office Furnishing
Stebul Furniture
MooreCo Inc.
Steelcase
Howe
This analytical research study imparts an all-inclusive assessment on the market, while propounding historical intelligence, actionable insights, and industry-validated & statistically-upheld market forecast. Verified and suitable set of assumptions and methodology has been leveraged for developing this comprehensive study. Information and analysis on key market segments incorporated in the report has been delivered in weighted chapters. A thorough analysis has been offered by the report on
Market Dynamics
Market Size
Market Segments
Demand & Supply Trends
Current Issues and Challenges
Companies and Competitor Landscape
Value Chain
Technology
Regional Segments Analyzed Include
North America (U.S., Canada)
Latin America (Mexico. Brazil)
Western Europe (Germany, Italy, France, U.K, Spain)
Eastern Europe (Poland, Russia)
Asia Pacific (China, India, ASEAN, Australia & New Zealand)
Japan
Middle East and Africa (GCC, S. Africa, N. Africa)
Compilation of authentic and first-hand intelligence, insights offered in the report are based on quantitative and qualitative assessment by leading industry experts, and inputs from opinion leaders & industry participants around the value chain. Growth determinants, macroeconomic indicators, and parent market trends have been scrutinized and delivered, coupled with the market attractiveness for each market segment encompassed. Qualitative impact of growth influencers on the market segments across regions has also been mapped by the report.
Highlights from the Report
Elaborated scenario of the parent market
Transformations in the market dynamics
Detailed segmentation of the target market
Historical, current and forecast market size based on value and volume
Latest industry developments and trends
Competition landscape
Strategies adopted by the market players and product developments made
Potential and niche segments, along with their regional analysis
Unbiased analysis on performance of the market
Up-to-date and must-have intelligence for the market players to enhance and sustain their competitiveness
Report Analysis@ https://www.factmr.com/report/1038/fliptop-tables-market
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