The global office and institutional furniture market under the influence of macro and microeconomic factors is likely to grow at a steady pace in the coming few years. The market growth is expected to witness great diversity due to its reliance on macro factors such as economic development as well as micro factors such as the growth of private sectors like MSMEs. A small part of office and institutional furniture is lectern. A lectern is a type of furniture at which point a speaker sets their notes while addressing the mob or giving presentation or speech. Commonly, lecterns are referred to as podiums which is not right. A podium is a platform on which the speaker stands for addressing the audience.. There is truly a lectern for nearly everybody’s need, budget and design concerns. Some individuals or associations procure a few lecterns that are specially crafted. However, such customizations tend to be more of an exception and less of a norm.
Lecterns Market: Dynamics
Developing private sector is the key reason attributed to lectern market growth. The private sector is responsible for creating 84% of GDP and 90% of jobs in developing countries. Thus, private sector development plays a crucial role in creating employment opportunities and improving the living conditions of the poor. It promises delivery of sustainable and socially inclusive economic development. Keeping this development in focus, governments in different nations support the growth of the private sectors by encouraging micro, small, and medium-sized enterprises (MSMEs). While consumer feedbacks and preferences are prime drivers of the Lecterns market, manufacturers’ delivery of a broad range of furniture products is impelling the growth further.
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E-commerce is another fillip driving the sales of local as well as international office and institutional furniture. In the light of growing consumer appetite for online purchase, smart furniture manufacturers are selling their furniture through their website or popular retail websites such as eBay, Amazon, and more. However, the Lecterns market has hurdles such as fragmented furniture industry, higher transportation costs, and limitation of imports. Factors as these are expected to hamper the growth of the Lecterns market during the forecast period.
Lecterns Market: Segmentation
Global Lecterns Market is segmented by Product type, mobility, height, material, technology, sales channel and price range.
Global Lecterns Market is segmented by Product type as-
- Counter Top
- Stand Type
Global Lecterns Market is segmented by Material Type as-
Global Lecterns Market is segmented by Mobility as-
Global Lecterns Market is segmented by Height as-
Global Lecterns Market is segmented by technology as-
- Conventional Lectern
- Smart/ Intelligent Lectern
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Global Lecterns Market is segmented by Sales Channel as-
- Specialty Stores
- Direct to Customer Channel
- Retail Stores
- Other Channels
Global Lecterns Market is segmented by Price Range as-
Lecterns Market: Regional Outlook
Geographically, the global lectern market is designed for six regions namely, North-America, Latin America, Europe, Asia Pacific except Japan (APEJ), the Middle East & Africa and Japan. North America currently is the largest market for lecterns, accounting for almost one-third of the global market. The U.S. furniture manufacturing industry encompasses about 20,000 companies with an estimated yearly turnover of $60 billion. APEJ closely follows North America market for lecterns, expected to exhibit highest CAGR over the forecast period. This high growth in APEJ is attributed to establishment of offices and institutions in large numbers. The overall outlook for the global lectern market is positive and is expected to grow at a steady CAGR over the forecast period.
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