INTERIOR FIT OUT MARKET ANALYSIS

Market News

Recent Developments

New product launches

• In September 2023, Herman Miller (an American company that produces office furniture, equipment, and home furnishings) introduced Fuld Nesting Chair, designed in collaboration with Stefan Diez—a sleek, minimalist design that enables flexible configurations for workspaces.
• In 2022, Steelcase (an international manufacturer of furniture, case goods, seating, and storage and partitioning systems for offices, hospitals, classrooms, and residential interiors) launched a new line of furniture called Flex, which is designed to create flexible and adaptable workspaces. The furniture features a number of modular components that can be easily reconfigured to meet the needs of different users.
• In 2022, Haworth (a leading global furniture maker that builds innovative products for optimal workplace performance) launched a new line of furniture called LiveWork, which is designed to promote collaboration and creativity in the workplace. The furniture features a number of open and collaborative spaces, as well as a variety of amenities that can help people stay comfortable and productive.

Acquisition and partnerships

• In 2022, HOK (a global design, architecture, engineering and planning firm) acquired AREEN Design Services. AREEN is a leading interior fit out firm in the Middle East, and this acquisition will help HOK expand its presence in the region.
• In 2021, Jacobs Engineering Group (It markets products for advanced manufacturing, cities and places, energy and environment, health and life sciences, infrastructure, national security, and space) acquired Cannon Design. Cannon Design is a leading interior fit out firm in the United States, and this acquisition will help Jacobs Engineering Group expand its capabilities in the market.
• In 2020, Stantec (a provider of engineering consulting services. It offers architectural, construction management and environmental services) acquired Perkins Eastman. Perkins Eastman is a leading interior fit out firm in the United States, and this acquisition will help Stantec expand its capabilities in the market.