Office Furniture Market By Material (Wood, Steel, and Others), By Product Type (Seatings, Tables, Storage, Desks, Other Office Furniture), Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online Stores, Other Distribution Channels), By End user (Corporate office, Government Office, and Others), and Geography 

Purchase Option

$ 3000
$ 4400
$ 6600
$ 8900

Office Furniture Market size was valued at USD 44,279.8 million in 2022 and expected to grow at a 7.4% CAGR from 2023 to 2029. The furniture used in the offices or at the workplace is considered as the office furniture. Any business or workplace spaces considers furniture as the centre piece objects such as chair, table, desk, and others which are used to support various human activities in the workplace. The furniture placed in the office plays an important role in setting the right environment and ambience in the workplace. In addition, furniture also plays avital role in productivity of an employee. Office chairs, tables, storage units are the major products in office furniture industry. The increasing demand and necessity of consumer preference has evolved the office furniture industry from traditional cubicles to modern advanced and interactivity workplaces. The advancement in technology of the key players is expected to drive the market growth in forecasted years. The Information and Communication Technology industry has been significantly growing the economies of many countries and the essential need of ICT industry is the adequate infrastructure development in order to have an optimal performance which results in increase investments on furniture. For instance, in June 2022, Singapore government announced to spend 3.4 billion on the ICT industry. The manufacturers use various raw materials like plastic, foam, wood, steel and others, the cost incurred while procuring raw materials changes depending on various factors like transport charge, labour charge freight charges thus increases the cost of production to the manufacturer and its difficult top offset the increased pricing due to previous commitments with the customers which leads to an negative impact on gross margin of the company and this is expected to hinder the market growth in forecasted years. Geographically, North America region held the major market share in 2022 and is expected to dominate the global office furniture market in the forecasted years.

Office Furniture Market Key Developments:
In April 2022, Ashley Furniture Homestore launched Home office Furniture in essence to provide charming vintage vibe.
In February 2022, Godrej and Boyce launched their latest innovation ‘Move-up’ an ergonomic office desk enabled with the technology which promoted alternating postures to ease the stress associated with sedentary working styles.

Office Furniture Market Summary

Study Period

2023– 2029

Base Year

2023

CAGR

7.4%

Largest Market

Asia Pacific

Fastest Growing Market

North America
Office Furniture Market Dynamics

Office furniture market is growing due to the increasing demand for ICT companies in order to develop the economy of the nation. For instance, emerging economies like India is undergoing the industrial revolution and economic development which is leading to the improvement of industrial infrastructures in the region. The growth of private sector results in increasing office infrastructures for enterprises. The rapid increase in IT parks and commercial zones has resulted in development of corporate offices which in sense increases the growth of office furniture market. Furthermore, the culture of Work from home has increased post covid which is expected to propel the sales of office furniture at a significant rate in the forecasted period.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market (2018 to 2022) and forecast (2023 to 2029)
  • The report covers in-detail insights about the competitor’s overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startup’s details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porter’s Five Force Analysis in addition to recent technology advancements and innovations in the market

Office Furniture Market Segmentation

By Product Type
  • Seatings
  • Tables
  • Storage
  • Desks
  • Others
By Material Type
  • Wood
  • Steel
  • Others
By End User

Corporate office Government office Others

By Distribution channel
  • Home Centers
  • Flagship stores
  • Specialty stores
  • Online stores
  • Others
By Geography
  • North America
  • Europe
  • The Asia Pacific
  • Latin America
  • MEA
LOCATION

Geography

Frequently Asked Questions

Office Furniture market was valued at USD 44,279.8 million in 2022, and expected to grow at a 7.4% CAGR from 2023 to 2029.

The increase in IT parks and corporate offices across the globe and the adoption of work from home culture are the key factors for the growth of office furniture market.

The leading players in the global Office Furniture market are Herman Miller Inc., HNI Corporation, Steelcase, Haworth, Knoll, Godrej, Ashley Furniture Industries Inc., Global Furniture Group, Kimball International Inc., Okamura Corp., Boyce, Interior Systems, Inc

North America region is expected to dominate the office furniture market in the forecasted year.

  • Herman Miller Inc.
  • HNI Corporation
  • Steelcase
  • Haworth
  • Knoll
  • Godrej
  • Ashley Furniture Industries Inc.
  • Global Furniture Group
  • Kimball International Inc.
  • Okamura Corp.
  • Boyce
  • Interior Systems, Inc