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Office Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

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    Report

  • 110 Pages
  • March 2023
  • Region: Global
  • IMARC Group
  • ID: 5742952
The global office furniture market size reached US$ 60.8 Billion in 2022. Looking forward, the publisher expects the market to reach US$ 77.4 Billion by 2028, exhibiting a CAGR of 4.11% during 2022-2028.

Office furniture refers to ergonomic objects used in commercial and corporate places to improve the overall aesthetic appearance of the place and meet the requirements of the employees. It is manufactured using durable raw materials, including wood, plastics, glass, iron, and marble. It includes desks, tables, chairs, sofas, storage cabinets, cubicle dividers, and shelving and filing cabinets installed in meeting rooms, individual workstations, cafeterias, and lounges. It makes the office environment comfortable and helps increase the work efficiency of employees. It also aids in protecting documents and electronics from dust, theft, fire, and pests. Nowadays, manufacturers are offering multi-functional furniture in various sizes, colors, and designs with enhanced storage capacities.

Office Furniture Market Trends:

The growing global working population and consequently rising construction of information technology (IT) parks and commercial zones are increasing the need for office furniture to create a supportive workplace. The increasing activities of renovation, remodeling, and modification of office spaces are also catalyzing the demand for office furniture. In addition, the expansion of start-ups due to the increasing requirement for employment is strengthening the market growth. In line with this, various public and private organizations are focusing on creating informal office spaces to promote colleague social interaction and provide a collaborative environment. This emerging work culture is propelling office furniture manufacturers to introduce intricately designed furniture products. Apart from this, the rising demand for sustainable furniture variants with additional features to minimize occupying space and uplift workforce engagement. Additionally, rising cases of health diseases due to incorrect postures for a long time are catalyzing the demand for smart furniture that facilitates better support. Moreover, increasing investment in research and development (R&D) is encouraging manufacturers to develop portable and advanced furniture variants, which is expected to drive the market.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global office furniture market report, along with forecasts at the global and regional level from 2023-2028. Our report has categorized the market based on product type, material type, distribution channel, and price range.

Breakup by Product Type:

  • Seating
  • Systems
  • Tables
  • Storage Units and File Cabinets
  • Overhead Bins
  • Others
  • Seating furniture currently represents the largest market segment as it is the most essential and basic furniture to set up an office.

Breakup by Material Type:

  • Wood
  • Metal
  • Plastic and Fiber
  • Glass
  • Others
  • Wood furniture holds the majority of the total market share as it is strong, resilient, durable, recyclable, and requires very less maintenance.

Breakup by Distribution Channel:

  • Direct Sales
  • Specialist Store
  • Non-Specialist Stores
  • Online
  • Others
  • Direct sales account for the largest market share as it offers lower pricing to the customers.

Breakup by Price Range:

  • Low
  • Medium
  • High
  • Low-priced furniture dominates the market as it helps companies save money and invest in other items.

Breakup by Region:

  • Asia Pacific
  • North America
  • Europe
  • Middle East and Africa
  • Latin America
  • The Asia Pacific holds the leading position in the market due to rapid urbanization and the expansion of start-ups and small and medium-sized enterprises (SMEs) in the region.

Competitive Landscape:

The report has also analysed the competitive landscape of the market with some of the key players being Steelcase Inc., OKAMURA CORPORATION., HNI Corporation, Herman Miller Inc., Haworth Inc., Knoll Inc., KOKUYO Co. Ltd, Meridian Office Furniture Limited, Kimball International, 9to5 Seating, BERCO DESIGNS, Hooker Furniture Corporation., etc.

Key Questions Answered in This Report

1. What was the size of the global office furniture market in 2022?
2. What is the expected growth rate of the global office furniture market during 2023-2028?
3. What are the key factors driving the global office furniture market?
4. What has been the impact of COVID-19 on the global office furniture market?
5. What is the breakup of the global office furniture market based on the product type?
6. What is the breakup of the global office furniture market based on the material type?
7. What is the breakup of the global office furniture market based on the distribution channel?
8. What is the breakup of the global office furniture market based on the price range?
9. What are the key regions in the global office furniture market?
10. Who are the key players/companies in the global office furniture market?

Table of Contents

1 Preface

2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction
4.1 Overview
4.2 Key Industry Trends

5 Global Office Furniture Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Breakup by Product Type
5.5 Market Breakup by Material Type
5.6 Market Breakup by Distribution Channel
5.7 Market Breakup by Price Range
5.8 Market Breakup by Region
5.9 Market Forecast

6 Market Breakup by Product Type
6.1 Seating
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Systems
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Tables
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Storage Units and File Cabinets
6.4.1 Market Trends
6.4.2 Market Forecast
6.5 Overhead Bins
6.5.1 Market Trends
6.5.2 Market Forecast
6.6 Others
6.6.1 Market Trends
6.6.2 Market Forecast

7 Market Breakup by Material Type
7.1 Wood
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Metal
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Plastic and Fiber
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Glass
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast

8 Market Breakup by Distribution Channel
8.1 Direct Sales
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Specialist Store
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 Non-Specialist Stores
8.3.1 Market Trends
8.3.2 Market Forecast
8.4 Online
8.4.1 Market Trends
8.4.2 Market Forecast
8.5 Others
8.5.1 Market Trends
8.5.2 Market Forecast

9 Market Breakup by Price Range
9.1 Low
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Medium
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 High
9.3.1 Market Trends
9.3.2 Market Forecast

10 Market Breakup by Region
10.1 North America
10.1.1 Market Trends
10.1.2 Market Forecast
10.2 Asia Pacific
10.2.1 Market Trends
10.2.2 Market Forecast
10.3 Europe
10.3.1 Market Trends
10.3.2 Market Forecast
10.4 Middle East and Africa
10.4.1 Market Trends
10.4.2 Market Forecast
10.5 Latin America
10.5.1 Market Trends
10.5.2 Market Forecast

11 SWOT Analysis
11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis
13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape
15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Steelcase Inc.
15.3.2 OKAMURA CORPORATION
15.3.3 HNI Corporation
15.3.4 Herman Miller Inc.
15.3.5 Haworth Inc.
15.3.6 Knoll Inc.
15.3.7 KOKUYO Co., Ltd.
15.3.8 Meridian Office Furniture Limited
15.3.9 Kimball International
15.3.10 9to5 Seating
15.3.11 BERCO DESIGNS
15.3.12 Hooker Furniture Corporation

List of Figures
Figure 1: Global: Office Furniture Market: Major Drivers and Challenges
Figure 2: Global: Office Furniture Market: Sales Value (in Billion US$), 2017-2022
Figure 3: Global: Office Furniture Market: Breakup by Product Type (in %), 2022
Figure 4: Global: Office Furniture Market: Breakup by Material Type (in %), 2022
Figure 5: Global: Office Furniture Market: Breakup by Distribution Channel (in %), 2022
Figure 6: Global: Office Furniture Market: Breakup by Price Range (in %), 2022
Figure 7: Global: Office Furniture Market: Breakup by Region (in %), 2022
Figure 8: Global: Office Furniture Market Forecast: Sales Value (in Billion US$), 2023-2028
Figure 9: Global: Office Furniture Industry: SWOT Analysis
Figure 10: Global: Office Furniture Industry: Value Chain Analysis
Figure 11: Global: Office Furniture Industry: Porter’s Five Forces Analysis
Figure 12: Global: Office Furniture (Seating) Market: Sales Value (in Million US$), 2017 & 2022
Figure 13: Global: Office Furniture (Seating) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 14: Global: Office Furniture (Systems) Market: Sales Value (in Million US$), 2017 & 2022
Figure 15: Global: Office Furniture (Systems) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 16: Global: Office Furniture (Tables) Market: Sales Value (in Million US$), 2017 & 2022
Figure 17: Global: Office Furniture (Tables) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 18: Global: Office Furniture (Storage Units and File Cabinets) Market: Sales Value (in Million US$), 2017 & 2022
Figure 19: Global: Office Furniture (Storage Units and File Cabinets) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 20: Global: Office Furniture (Overhead Bins) Market: Sales Value (in Million US$), 2017 & 2022
Figure 21: Global: Office Furniture (Overhead Bins) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 22: Global: Office Furniture (Other Product Type) Market: Sales Value (in Million US$), 2017 & 2022
Figure 23: Global: Office Furniture (Other Product Type) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 24: Global: Office Furniture (Wood) Market: Sales Value (in Million US$), 2017 & 2022
Figure 25: Global: Office Furniture (Wood) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 26: Global: Office Furniture (Metal) Market: Sales Value (in Million US$), 2017 & 2022
Figure 27: Global: Office Furniture (Metal) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 28: Global: Office Furniture (Plastic and Fiber) Market: Sales Value (in Million US$), 2017 & 2022
Figure 29: Global: Office Furniture (Plastic and Fiber) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 30: Global: Office Furniture (Glass) Market: Sales Value (in Million US$), 2017 & 2022
Figure 31: Global: Office Furniture (Glass) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 32: Global: Office Furniture (Other Material Types) Market: Sales Value (in Million US$), 2017 & 2022
Figure 33: Global: Office Furniture (Other Material Types) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 34: Global: Office Furniture Market: Sales through Direct Sales (in Million US$), 2017 & 2022
Figure 35: Global: Office Furniture Market Forecast: Sales through Direct Sales (in Million US$), 2023-2028
Figure 36: Global: Office Furniture Market: Sales through Specialist Store (in Million US$), 2017 & 2022
Figure 37: Global: Office Furniture Market Forecast: Sales through Specialist Store (in Million US$), 2023-2028
Figure 38: Global: Office Furniture Market: Sales through Non-Specialist Stores (in Million US$), 2017 & 2022
Figure 39: Global: Office Furniture Market Forecast: Sales through Non-Specialist Stores (in Million US$), 2023-2028
Figure 40: Global: Office Furniture Market: Online Sales (in Million US$), 2017 & 2022
Figure 41: Global: Office Furniture Market Forecast: Online Sales (in Million US$), 2023-2028
Figure 42: Global: Office Furniture Market: Sales through Other Distribution Channels (in Million US$), 2017 & 2022
Figure 43: Global: Office Furniture Market Forecast: Sales through Other Distribution Channels (in Million US$), 2023-2028
Figure 44: Global: Office Furniture (Low) Market: Sales Value (in Million US$), 2017 & 2022
Figure 45: Global: Office Furniture (Low) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 46: Global: Office Furniture (Medium) Market: Sales Value (in Million US$), 2017 & 2022
Figure 47: Global: Office Furniture (Medium) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 48: Global: Office Furniture (High) Market: Sales Value (in Million US$), 2017 & 2022
Figure 49: Global: Office Furniture (High) Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 50: North America: Office Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 51: North America: Office Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 52: Asia Pacific: Office Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 53: Asia Pacific: Office Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 54: Europe: Office Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 55: Europe: Office Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 56: Middle East and Africa: Office Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 57: Middle East and Africa: Office Furniture Market Forecast: Sales Value (in Million US$), 2023-2028
Figure 58: Latin America: Office Furniture Market: Sales Value (in Million US$), 2017 & 2022
Figure 59: Latin America: Office Furniture Market Forecast: Sales Value (in Million US$), 2023-2028

List of Tables
Table 1: Global: Office Furniture Market: Key Industry Highlights, 2022 and 2028
Table 2: Global: Office Furniture Market Forecast: Breakup by Product Type (in Million US$), 2023-2028
Table 3: Global: Office Furniture Market Forecast: Breakup by Material Type (in Million US$), 2023-2028
Table 4: Global: Office Furniture Market Forecast: Breakup by Distribution Channel (in Million US$), 2023-2028
Table 5: Global: Office Furniture Market Forecast: Breakup by Price Range (in Million US$), 2023-2028
Table 6: Global: Office Furniture Market Forecast: Breakup by Region (in Million US$), 2023-2028
Table 7: Global: Office Furniture Market Structure
Table 8: Global: Office Furniture Market: Key Players

Companies Mentioned

  • Steelcase Inc.
  • OKAMURA CORPORATION.
  • HNI Corporation
  • Herman Miller Inc.
  • Haworth Inc.
  • Knoll Inc.
  • KOKUYO Co. Ltd
  • Meridian Office Furniture Limited
  • Kimball International
  • 9to5 Seating
  • BERCO DESIGNS
  • Hooker Furniture Corporation.

Methodology

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Table Information