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Office Furniture Market Report and Forecast 2024-2032

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    Report

  • 133 Pages
  • November 2023
  • Region: Global
  • Expert Market Research
  • ID: 5921360
According to the report, the global office furniture market is projected to grow at a CAGR of 4.09% between 2024 and 2032 reaching a value of approximate USD 88.85 billion by 2032. Aided by the evolving workplace dynamics and increasing emphasis on ergonomic and aesthetic furniture, the market is expected to grow significantly by 2032.

Office furniture plays a crucial role in creating a productive, comfortable, and efficient work environment. This category includes desks, chairs, storage units, workstations, and conference tables, designed to meet the various needs of a modern office. The focus on ergonomics and space optimisation has led to the development of innovative furniture designs that enhance workplace functionality and employee well-being.

A significant factor driving the office furniture market growth is the growing awareness of the importance of ergonomics in the workplace. Ergonomically designed furniture helps in reducing work-related injuries and increases productivity, which is crucial for businesses. The rising trend of stylish and modern office interiors is also propelling market growth, as companies seek to create attractive and motivating workspaces.

Additionally, the expansion of corporate sectors and startups, especially in emerging economies, is fuelling the demand for office furniture. The increasing adoption of flexible and remote working models has also led to a surge in demand for home office furniture, contributing significantly to market growth.

A notable office furniture market trend is the shift towards eco-friendly and sustainable products. There is a growing preference for furniture made from recycled materials and sustainable practices, reflecting a broader trend of environmental responsibility in corporate culture.

Another trend is the integration of technology in office furniture. Smart desks with built-in charging ports, adjustable height features, and ergonomic chairs with posture sensors are becoming increasingly popular, blending functionality with innovation.

North America holds a dominant portion of the office furniture market share, attributed to its established corporate culture and high demand for premium office furniture. However, the Asia-Pacific region is expected to witness the fastest growth during the forecast period, driven by the rapid expansion of the corporate sector and the increasing influence of Western office culture in countries like China, India, and Japan.

Market Segmentation

The market can be divided based on product type, material type, distribution channels, price range, and region.

Market Breakup by Product Type

  • Seating
  • Systems
  • Tables
  • Storage Units and File Cabinets
  • Overhead Bins
  • Others

Market Breakup by Material Type

  • Wood
  • Metal
  • Plastic and Fibre
  • Glass
  • Others

Market Breakup by Distribution Channels

  • Direct Sales
  • Specialist Store
  • Non-Specialist Stores
  • Online
  • Others

Market Breakup by Price Range

  • Low
  • Medium
  • High

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global office furniture market. Some of the major players explored in the report are as follows:
  • Millerknoll, Inc.
  • Steelcase Inc.
  • Bene GmbH
  • Haworth Inc.
  • Sedus Stoll AG
  • Kimball International, Inc.
  • KOKUYO Co., Ltd.
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Market Players
4 Key Assumptions
5 Executive Summary
5.1 Market Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Office Furniture Market Analysis
8.1 Key Industry Highlights
8.2 Global Office Furniture Historical Market (2018-2023)
8.3 Global Office Furniture Market Forecast (2024-2032)
8.4 Global Office Furniture Market by Product Type
8.4.1 Seating
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Systems
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Tables
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Storage Units and File Cabinets
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Overhead Bins
8.4.5.1 Historical Trend (2018-2023)
8.4.5.2 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Global Office Furniture Market by Material Type
8.5.1 Wood
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Metal
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Plastic and Fibre
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Glass
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Global Office Furniture Market by Distribution Channels
8.6.1 Direct Sales
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Specialist Store
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Non-Specialist Stores
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.6.4 Online
8.6.4.1 Historical Trend (2018-2023)
8.6.4.2 Forecast Trend (2024-2032)
8.6.5 Others
8.7 Global Office Furniture Market by Price Range
8.7.1 Low
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Medium
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 High
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.8 Global Office Furniture Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Office Furniture Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Office Furniture Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Office Furniture Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Office Furniture Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Office Furniture Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter's Five Forces Analysis
14.2.1 Supplier's Power
14.2.2 Buyer's Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Millerknoll, Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Steelcase Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Bene GmbH
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Haworth Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Sedus Stoll AG
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Kimball International, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 KOKUYO Co., Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Others
16 Key Trends and Developments in the Market

Companies Mentioned

  • Millerknoll, Inc.
  • Steelcase Inc.
  • Bene GmbH
  • Haworth Inc.
  • Sedus Stoll AG
  • Kimball International, Inc.
  • KOKUYO Co., Ltd.

Methodology

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