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U.S. Office Furniture Market Size, Share & Trends Analysis Report by Product (Seating, Modular Systems, Desks and Tables), by Distribution Channel (Online, Offline), and Segment Forecasts, 2022-2030

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    Report

  • 70 Pages
  • March 2022
  • Region: United States
  • Grand View Research
  • ID: 4514485

FEATURED COMPANIES

  • Global Furniture Group
  • Haworth
  • Herman Miller Inc.
  • HNI Corporation
  • Interior Systems, Inc.
  • Knoll
The U.S. office furniture market size is expected to reach USD 22.2 billion by 2030. It is expected to expand at a CAGR of 5.3% from 2022 to 2030. Various factors such as rising disposable incomes, the growth of the real estate industry, the growth of businesses, and consumer desire for luxury and premium furnishings are driving the market. Furthermore, the growing popularity of hybrid working cultures and the expansion of ed-tech platforms are driving the U.S. office furniture industry forward.



Due to social distancing norms, the COVID-19 pandemic has pushed millions of Americans to work from home. Work-from-home (WFH) has become the norm and is expected to continue for the foreseeable future, making it stressful for working professionals who are not equipped with comfortable office furniture. During the COVID-19 pandemic, the demand to work and study at home has resulted in a surge in office furniture purchases. For example, HOM Furniture, based in Minneapolis, sells home office in all 17 of its locations and has noticed a boost in the category since the stay-at-home orders were implemented. Smaller scale workstations that can accommodate both laptops and tablets are one of the most popular varieties.

Moreover, sustainable manufacturing practices are being implemented by office furniture manufacturers. This is mostly due to the rising consumer awareness regarding the importance of sustainable living, which is driving up the demand for eco-friendly furniture. This involves reducing fuel usage and repurposing wood waste. Herman Miller, for example, has pledged to zero waste, 50 percent more local renewables (50,000 MWh), 100% Design for the Environment-approved items, and 125,000 tons of product returned each year.

Furthermore, internet furniture businesses are on the rise to reduce the requirement for rental space and inventory. Some of the most popular e-commerce websites in the U.S. for office furniture include Amazon.com and Wayfair. The increased possibilities for office furniture sales through online channels forced online retailers to strengthen their purchase processes in terms of security and reliability, boosting demand for office furniture. Secure transactions, cash-on-delivery alternatives, quick return policies, and integrated and centralized customer service are just a few of the policies that attract consumers to shop online.

U.S. Office Furniture Market Report Highlights

  • The U.S. market for office furniture is expected to witness significant growth from 2022 to 2030. In recent years, continued expansion in building construction in the commercial segment and rising disposable income levels have fueled office furniture demand in the U.S.
  • The seating product segment accounted for the largest revenue share of over 25.0% in 2021. The recent rise in home offices as a result of an increase in remote work has boosted the demand for office furniture. With individuals spending more than 8-10 hours a day at work, adequate seating has become increasingly important, hence the rise in ergonomic chairs was recorded in the U.S.
  • The online distribution channel segment is expected to register the highest CAGR of 9.9% over the forecast period. Furniture e-commerce has accelerated as a result of the pandemic. Due to the convenience, younger consumers, such as millennials, are more willing to buy products online, even if they can't see and feel the products beforehand. Yardbird, BenchMade Modern, Burrow, Article, and Joybird are just a few of the new direct-to-consumer furniture brands aimed at millennials


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Frequently Asked Questions about the U.S. Office Furniture Market

What is the estimated value of the U.S. Office Furniture Market?

The U.S. Office Furniture Market was estimated to be valued at $14.9 Billion in 2022.

What is the growth rate of the U.S. Office Furniture Market?

The growth rate of the U.S. Office Furniture Market is 5.3%, with an estimated value of $22.2 Billion by 2030.

What is the forecasted size of the U.S. Office Furniture Market?

The U.S. Office Furniture Market is estimated to be worth $22.2 Billion by 2030.

Who are the key companies in the U.S. Office Furniture Market?

Key companies in the U.S. Office Furniture Market include Haworth, Herman Miller Inc., HNI Corporation, Knoll, Steelcase, Ashley Furniture Industries Inc., Global Furniture Group, Kimball International Inc. and Interior Systems, Inc..

FEATURED COMPANIES

  • Global Furniture Group
  • Haworth
  • Herman Miller Inc.
  • HNI Corporation
  • Interior Systems, Inc.
  • Knoll

Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Outlook
2.2. Product Outlook
2.3. Distribution channel Outlook
Chapter 3. U.S. Office Furniture Market Variables, Trends & Scope
3.1. Market Introduction
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Retail Chain Analysis
3.3.2. Profit Margin Analysis
3.4. Market Dynamics
3.4.1. Market Driver Analysis
3.4.2. Market Restraint Analysis
3.4.3. Industry Challenges
3.4.4. Industry Opportunities
3.5. Business Environment Analysis
3.5.1. Industry Analysis-Porter’s
3.5.1.1. Supplier Power
3.5.1.2. Buyer Power
3.5.1.3. Substitution Threat
3.5.1.4. Threat from New Entrant
3.5.1.5. Competitive Rivalry
3.6. Roadmap of U.S. Office Furniture Market
3.7. Market Entry Strategies
3.8. Impact of COVID-19 on the U.S. Office Furniture Market
Chapter 4. Consumer Behavior Analysis
4.1. Demographic analysis
4.2. Consumer Trends and Preferences
4.3. Factors Affecting Buying Decision
4.4. Consumer Product Adoption
4.5. Observations & Recommendations
Chapter 5. U.S. Office Furniture Market: Product Estimates & Trend Analysis
5.1. Product Movement Analysis & Market Share, 2021 & 2030
5.2. Seating
5.2.1. Market estimates and forecast, 2017-2030 (USD Million)
5.3. Modular Systems
5.3.1. Market estimates and forecast, 2017-2030 (USD Million)
5.4. Desks and Tables
5.4.1. Market estimates and forecast, 2017-2030 (USD Million)
5.5. Others
5.5.1. Market estimates and forecast, 2017-2030 (USD Million)
Chapter 6. U.S. Office Furniture Market: Distribution Channel Estimates & Trend Analysis
6.1. Distribution Channel Movement Analysis & Market Share, 2021 & 2030
6.2. Online
6.2.1. Market estimates and forecast, 2017-2030 (USD Million)
6.3. Offline
6.3.1. Market estimates and forecast, 2017-2030 (USD Million)
Chapter 7. Competitive Analysis
7.1. Key global players, recent developments & their impact on the industry
7.2. Key Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.3. Vendor Landscape
7.3.1. Key company market share analysis, 2021
Chapter 8. Company Profiles
8.1. Haworth
8.1.1. Company Overview
8.1.2. Financial Performance
8.1.3. Product Benchmarking
8.1.4. Strategic Initiatives
8.2. Herman Miller Inc.
8.2.1. Company Overview
8.2.2. Financial Performance
8.2.3. Product Benchmarking
8.2.4. Strategic Initiatives
8.3. HNI Corporation
8.3.1. Company Overview
8.3.2. Financial Performance
8.3.3. Product Benchmarking
8.3.4. Strategic Initiatives
8.4. Knoll
8.4.1. Company Overview
8.4.2. Financial Performance
8.4.3. Product Benchmarking
8.4.4. Strategic Initiatives
8.5. Steelcase
8.5.1. Company Overview
8.5.2. Financial Performance
8.5.3. Product Benchmarking
8.5.4. Strategic Initiatives
8.6. Ashley Furniture Industries Inc.
8.6.1. Company Overview
8.6.2. Financial Performance
8.6.3. Product Benchmarking
8.6.4. Strategic Initiatives
8.7. Global Furniture Group
8.7.1. Company Overview
8.7.2. Financial Performance
8.7.3. Product Benchmarking
8.7.4. Strategic Initiatives
8.8. Kimball International Inc.
8.8.1. Company Overview
8.8.2. Financial Performance
8.8.3. Product Benchmarking
8.8.4. Strategic Initiatives
8.9. Okamura Corp.
8.9.1. Company Overview
8.9.2. Financial Performance
8.9.3. Product Benchmarking
8.9.4. Strategic Initiatives
8.10. Interior Systems, Inc.
8.10.1. Company Overview
8.10.2. Financial Performance
8.10.3. Product Benchmarking
8.10.4. Strategic Initiatives
List of Tables
1. U.S. office furniture market-Driving factor market analysis
2. U.S. office furniture market-Restraint factor market analysis
3. Projections of Number of schools, 2021-2027 (in thousands)
4. Seating furniture products market estimates and forecast, 2017-2030 (USD Million)
5. Modular systems products market estimates and forecast, 2017-2030 (USD Million)
6. Desks and Tables products market estimates and forecast, 2017-2030 (USD Million)
7. Other furniture products market estimates and forecast, 2017-2030 (USD Million)
8. U.S. office furniture market estimates and forecast through online distribution channel, 2017-2030 (USD Million)
9. U.S. office furniture market estimates and forecast through offline distribution channel, 2017-2030 (USD Million)
10. Company Categorization
List of Figures
1. U.S. office furniture products segmentation
2. Information procurement
3. Primary research pattern
4. Primary research approaches
5. Primary research process
6. Furniture market - Product growth
7. U.S. office furniture market - Value chain analysis
8. U.S. office furniture market - Retail channels
9. U.S. office furniture market: Porter’s five forces analysis
10. Factors affecting buying decisions for office furniture
11. U.S. office furniture market: Product market share (%) movement analysis, 2021 & 2030
12. U.S. office furniture market: Distribution channel market share (%) movement analysis, 2021 & 2030
13. U.S. office furniture market: Company market share, 2021 (%)
  • Haworth
  • Herman Miller Inc.
  • HNI Corporation
  • Knoll
  • Steelcase
  • Ashley Furniture Industries Inc.
  • Global Furniture Group
  • Kimball International Inc.
  • Okamura Corp.
  • Interior Systems, Inc.

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