Asia-Pacific Office Furniture Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Many organisations converted to remote working methods as a result of the COVID-19 pandemic, and most employees have been gradually resuming their office work routine, which is expected to boost the market's growth. The focus on real estate and office building is projected to continue in the upcoming future, indicating that the office furniture business will continue to grow.

Office furniture market in the Asia Pacific is expected to register significant growth, owing to the increasing number of the working population. Growth in the economy and improving work conditions are the major factor which is fuelling the demand for office furniture in the Asia Pacific region. Moreover, expansion of corporate offices in the region is expected to positively impact the growth of office furniture market in the Asia-Pacific region. China and India are the prominent market in the region.

Key Market Trends

China is One of the Leading Producers for Office Furniture

China is the leading office furniture manufacturer and exporter at a world level. With the development of China's economic construction, many new-type companies have been established, and the demand for office furniture has grown rapidly. The demand for office furniture industry in China is growing year by year. China's office furniture enterprises have first-class production equipment, and the quality of products is stable and reliable, and cost-effective. China is the major exporter and the main supplier of office furniture for the United States, Germany, France, the United Kingdom and Japan. Both domestic and foreign office furniture companies play an important part in China’s office furniture market. The office furniture market in China gradually built into an industrial-scale business through several decades of evolution. Yet the market still contains many issues, the market is improving. In the long term, due to the booming need, the office furniture market in China still has potential.

Seating Segment Occupies the Largest Market Share of Office Furniture

Office furniture under the seating segment are Office Chairs, Guest Chairs, Stools, Sofa and Others. Office seating segment is expected to occupy the top position in office furniture market. The demand for seating office furniture is increasing due to the rising number of office spaces and employees across the region. Further, the development and enhancement such as increased comfort has influenced the market growth of office furniture. Moreover, modular, and modern furniture’s are gaining popularity all over the world. This factor is driving the growth of the office seating furniture market.

Competitive Landscape

Major multinational firms participating in the Asia-Pacific office furniture industry are included in this report. The demand for modular offices is expanding as more inventive designs flood the market. Some of the biggest competitors now lead the industry in terms of market share. Mid-size and smaller businesses, on the other hand, are expanding their market presence by gaining new contracts and entering new markets because of technology improvement and product innovation. The global leaders in the Asia-Pacific office furniture market include Fursys, Haworth, Herman Miller, Hyundai Livart, Itoki, and others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

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