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Office Furniture Market Report by Product Type, Material Type, Distribution Channel, Price Range, and Region 2024-2032

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    Report

  • 149 Pages
  • January 2024
  • Region: Global
  • IMARC Group
  • ID: 5936407
The global office furniture market size reached US$ 63.3 billion in 2023. The market is projected to reach US$ 87.4 billion by 2032, exhibiting a growth rate (CAGR) of 3.65% during 2023-2032. The increasing number of public and private corporate offices, rising demand for comfortable furniture to prevent posture problems, and the growing popularity of coworking spaces are some of the major factors propelling the market.

Office furniture refers to movable objects that support different human activities in a professional work environment. It consists of desks, chairs, cabinets, and other furnishings that facilitate tasks, such as seating, writing, storing, or holding objects. It is made using durable raw materials, including wood, plastics, glass, iron, and marble. It is designed and optimized to enhance comfort, productivity, and ergonomics. It is used in creating a functional and aesthetically pleasing workspace by aligning with the specific needs of employees and the nature of the tasks performed.

The increasing number of public and private corporate offices and the rising global working population is strengthening the growth of the market around the world. Moreover, the growing demand for user-friendly and comfortable furniture to prevent posture problems among employees is influencing the market positively. In addition, measures undertaken by governing agencies of numerous countries to promote workplace safety and accessibility standards that can necessitate upgrades in office furniture are contributing to the market growth. Apart from this, the increasing popularity of coworking spaces that require versatile and shared furniture, which caters to various professionals and startups, is bolstering the market growth. Furthermore, rising preferences for online shopping apps as they provide convenience, wider collection, fast shipping facilities, discounted deals, and innumerable payment options is propelling the growth of the market.

Office Furniture Market Trends/Drivers

Increase in corporate expansion and entrepreneurship

The demand for office furniture has significantly increased due to a rise in corporate expansion and entrepreneurship across the globe. As businesses are expanding and new enterprises are being established, the need for well-equipped office spaces is becoming essential. Furnishing these spaces with comfortable and functional furniture promotes a conducive working environment, influencing productivity and creativity. This, in turn, is escalating the demand for a wide variety of office furniture, ranging from ergonomic chairs to collaborative workstations.

Rising emphasis on employee well-being and ergonomics

Modern organizations are increasingly focusing on employee well-being, recognizing the importance of ergonomic design in office furniture. Ergonomic furniture minimizes discomfort and potential health issues arising from prolonged sedentary work. By incorporating adjustable chairs, sit-stand desks, and other ergonomic features, companies are aiming to enhance employee satisfaction and productivity, thereby driving demand for such specialized furniture.

Growing environmental awareness and sustainability influencing market positively

The increasing emphasis on environmental responsibility and sustainability is influencing the demand for office furniture. Organizations are becoming increasingly conscious of their environmental footprint, which leads to a preference for furniture made from recyclable or sustainably sourced materials. Manufacturers are responding to this trend by offering eco-friendly options, such as furniture produced from reclaimed wood or recycled metal. This shift towards sustainable practices not only aligns with global environmental goals but also caters to a market segment that values ethical consumption. The commitment to environmental stewardship, therefore, is a vital factor driving the demand for office furniture that is both functional and eco-conscious.

Office Furniture Industry Segmentation:

The report provides an analysis of the key trends in each segment of the global office furniture market report, along with forecasts at the global and regional levels from 2023-2032. The 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 dominates the market

The report has provided a detailed breakup and analysis of the market based on the product type. This includes seating, systems, tables, storage units and file cabinets, overhead bins, and others. According to the report, seating represented the largest segment. Seating systems include chairs, stools, and sofas used in an office setting. These are designed to provide comfort and support for extended periods of work and can range from basic task chairs to ergonomically designed seating that adjusts to individual needs.

Systems furniture is comprised of individual components that can be assembled in various configurations. This includes workstations, cubicles, and partitions, which allow for flexibility in office design and facilitate collaboration or privacy as needed.

Office tables serve multiple purposes and are offered in various shapes and sizes. They encompass conference tables for meetings, work tables for collaboration, coffee tables for informal interactions, and personal desks for individual tasks.

Storage units and file cabinets are designed for organizing and storing documents, supplies, and personal belongings. They can range from simple shelves to secure, lockable file cabinets. They help maintain an uncluttered workspace by facilitating orderly storage.

Overhead bins are mounted storage compartments often found above workstations. They provide convenient access to files or supplies without taking up valuable desk or floor space. Overhead bins help in utilizing vertical space effectively and keeping essential items within the reach of the arms.

Breakup by Material Type:

  • Wood
  • Metal
  • Plastic and Fiber
  • Glass
  • Others

Wood holds the largest share in the market

A detailed breakup and analysis of the market based on the material type has also been provided in the report. This includes wood, metal, plastic and fiber, glass, and others. According to the report, wood accounted for the largest market share. Wood is a classic material used in office furniture, known for its natural appearance and warm aesthetic. It offers a rich look and feel and comes in various types, such as hardwood or softwood. Wooden furniture is durable but requires proper care to maintain its appearance.

Metal furniture, often made from steel or aluminum, is known for its strength and resilience. It is commonly used in modern office settings for its sleek appearance and ability to withstand heavy use. Metal furniture is often combined with other materials, like glass or wood, to create visually appealing designs.

Plastic and fiber materials provide a cost-effective and lightweight option for office furniture. They can be molded into various shapes and are available in many colors. They are easy to clean and maintain, which makes them suitable for areas with heavy traffic or specific needs like outdoor seating.

Glass is often used in conjunction with other materials to create elegant and contemporary office furniture. It is commonly found in tabletops or as decorative elements. Glass can create a sense of openness and light and requires careful handling and regular cleaning to maintain its appearance.

Breakup by Distribution Channel:

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

Direct sales dominate the market

The report has provided a detailed breakup and analysis of the market based on the distribution channel. This includes direct sales, specialist store, non-specialist stores, online, and others. According to the report, direct sales represented the largest segment. It involves manufacturers selling directly to customers, without any intermediaries. It often allows for more customization and may provide cost benefits, as there are no middlemen involved. Direct sales can occur through on-site showrooms or sales representatives who engage with customers.

Specialist stores are retail outlets focusing exclusively on office furniture and related products. These stores typically offer a wide range of options and have knowledgeable staff who can provide expert advice on selecting the right furniture for specific needs. They can also offer services like space planning and installation.

Non-specialist stores are general retail outlets that sell office furniture among other products. They can be more accessible and offer competitive pricing. Non-specialist stores are often suitable for those looking for basic or standard office furniture items.

The online channel has become increasingly popular for purchasing office furniture. It offers the convenience of browsing and ordering from the comfort of home or office of an individual. Many websites provide detailed product descriptions, images, and customer reviews to help in the selection process. Online platforms can include manufacturer websites, e-commerce sites specializing in office furniture, or general online retailers.

Breakup by Price Range:

  • Low
  • Medium
  • High

Low holds the largest share in the market

A detailed breakup and analysis of the market based on the price range has also been provided in the report. This includes low, medium, and high. According to the report, low accounted for the largest market share. Low range office furniture is often designed with basic functionality and materials in mind. It can include products made from plastic or budget-friendly wood composites. It is suitable for those on a tight budget or in need of temporary solutions.

Medium-range represents a balanced combination of quality, functionality, and cost. Medium-range office furniture often uses better-quality materials like solid wood or metal and includes design features that enhance comfort and usability. It offers a broad spectrum of styles and finishes, which caters to various tastes and requirements. This range is often preferred by businesses seeking a good blend of quality and value.

High-range office furniture is characterized by premium materials, superior craftsmanship, and innovative design. It often incorporates features like ergonomic adjustments, high-quality finishes, and custom-made solutions. It can also include designer brands and products tailored to specific needs and aesthetics. High-range furniture is typically chosen by organizations aiming to create an impressive and luxurious workspace, and it reflects a commitment to quality and employee well-being.

Breakup by Region:

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

Asia-Pacific exhibits a clear dominance, accounting for the largest office furniture market share

The report has also provided a comprehensive analysis of all the major regional markets, which include North America; Asia-Pacific; Europe; the Middle East and Africa; and Latin America. According to the report, Asia-Pacific accounted for the largest market share. The increasing construction of commercial zones and IT parks represents one of the primary factors catalyzing the demand for office furniture in the Asia-Pacific region. Moreover, the rising number of fashion brands and the online presence is favoring the growth of the market in the region. Apart from this, the growing focus on aesthetics and the increasing focus on environment-friendly office furniture is influencing the market positively in the region.

Competitive Landscape

The leading companies are launching smart desks that are offered with features like height adjustability controlled through a mobile app, built-in charging stations, and health monitoring to remind users to stand or take breaks. They are also developing chairs equipped with sensors to monitor posture and provide feedback and alert users if they are sitting in an unhealthy position and can even adjust automatically to encourage proper posture. They are focusing on developing tables and workstations with built-in screens, video conferencing tools, and collaborative software to enable seamless communication and collaboration between team members, regardless of location. Besides this, product manufacturers are introducing multi-purpose furniture in various styles, colors, and designs. They are launching environment-friendly variants made using recyclable and sustainable materials like salvaged wood, bamboo, and seagrasses. These materials are used to reduce carbon footprint, save production costs, conserve energy, and manage waste. Furthermore, market players are adopting three-dimensional (3D) printing and augmented reality (AR) technologies to offer customized office furniture with an aesthetic appearance.

Competition Analysis

The report has provided a comprehensive analysis of the competitive landscape in the market. Detailed profiles of all major companies have also been provided. Some of the key players in the market include:
  • Steelcase Inc.
  • OKAMURA CORPORATION
  • HNI Corporation
  • Herman Miller Inc.
  • Haworth Inc.
  • Knoll Inc.
  • KOKUYO Co., Ltd.
  • Meridian Office Furniture Limited
  • 9to5 Seating
  • BERCO DESIGNS
  • Hooker Furniture Corporation

Recent Developments:

In September 2022, Steelcase Inc. announced the launch of its new ergonomic chair called Steelcase Karman, which is designed to respond to the movement of the body and provide comfort naturally. It is manufactured with new proprietary mesh textile and ultra-light-flexible frame.

In 2023, HNI Corporation completed the acquisition of Kimball International to expand their product offerings and tailor products for catering the requirements of the company and expanding their reach.

Key Questions Answered in This Report

1. What was the size of the global office furniture market in 2023?
2. What is the expected growth rate of the global office furniture market during 2024-2032?
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 9to5 Seating
15.3.10 BERCO DESIGNS
15.3.11 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$), 2018-2023
Figure 3: Global: Office Furniture Market: Breakup by Product Type (in %), 2023
Figure 4: Global: Office Furniture Market: Breakup by Material Type (in %), 2023
Figure 5: Global: Office Furniture Market: Breakup by Distribution Channel (in %), 2023
Figure 6: Global: Office Furniture Market: Breakup by Price Range (in %), 2023
Figure 7: Global: Office Furniture Market: Breakup by Region (in %), 2023
Figure 8: Global: Office Furniture Market Forecast: Sales Value (in Billion US$), 2024-2032
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$), 2018 & 2023
Figure 13: Global: Office Furniture (Seating) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 14: Global: Office Furniture (Systems) Market: Sales Value (in Million US$), 2018 & 2023
Figure 15: Global: Office Furniture (Systems) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 16: Global: Office Furniture (Tables) Market: Sales Value (in Million US$), 2018 & 2023
Figure 17: Global: Office Furniture (Tables) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 18: Global: Office Furniture (Storage Units and File Cabinets) Market: Sales Value (in Million US$), 2018 & 2023
Figure 19: Global: Office Furniture (Storage Units and File Cabinets) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 20: Global: Office Furniture (Overhead Bins) Market: Sales Value (in Million US$), 2018 & 2023
Figure 21: Global: Office Furniture (Overhead Bins) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 22: Global: Office Furniture (Other Product Type) Market: Sales Value (in Million US$), 2018 & 2023
Figure 23: Global: Office Furniture (Other Product Type) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 24: Global: Office Furniture (Wood) Market: Sales Value (in Million US$), 2018 & 2023
Figure 25: Global: Office Furniture (Wood) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 26: Global: Office Furniture (Metal) Market: Sales Value (in Million US$), 2018 & 2023
Figure 27: Global: Office Furniture (Metal) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 28: Global: Office Furniture (Plastic and Fiber) Market: Sales Value (in Million US$), 2018 & 2023
Figure 29: Global: Office Furniture (Plastic and Fiber) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 30: Global: Office Furniture (Glass) Market: Sales Value (in Million US$), 2018 & 2023
Figure 31: Global: Office Furniture (Glass) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 32: Global: Office Furniture (Other Material Types) Market: Sales Value (in Million US$), 2018 & 2023
Figure 33: Global: Office Furniture (Other Material Types) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 34: Global: Office Furniture Market: Sales through Direct Sales (in Million US$), 2018 & 2023
Figure 35: Global: Office Furniture Market Forecast: Sales through Direct Sales (in Million US$), 2024-2032
Figure 36: Global: Office Furniture Market: Sales through Specialist Store (in Million US$), 2018 & 2023
Figure 37: Global: Office Furniture Market Forecast: Sales through Specialist Store (in Million US$), 2024-2032
Figure 38: Global: Office Furniture Market: Sales through Non-Specialist Stores (in Million US$), 2018 & 2023
Figure 39: Global: Office Furniture Market Forecast: Sales through Non-Specialist Stores (in Million US$), 2024-2032
Figure 40: Global: Office Furniture Market: Online Sales (in Million US$), 2018 & 2023
Figure 41: Global: Office Furniture Market Forecast: Online Sales (in Million US$), 2024-2032
Figure 42: Global: Office Furniture Market: Sales through Other Distribution Channels (in Million US$), 2018 & 2023
Figure 43: Global: Office Furniture Market Forecast: Sales through Other Distribution Channels (in Million US$), 2024-2032
Figure 44: Global: Office Furniture (Low) Market: Sales Value (in Million US$), 2018 & 2023
Figure 45: Global: Office Furniture (Low) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 46: Global: Office Furniture (Medium) Market: Sales Value (in Million US$), 2018 & 2023
Figure 47: Global: Office Furniture (Medium) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 48: Global: Office Furniture (High) Market: Sales Value (in Million US$), 2018 & 2023
Figure 49: Global: Office Furniture (High) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 50: North America: Office Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 51: North America: Office Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 52: Asia Pacific: Office Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 53: Asia Pacific: Office Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 54: Europe: Office Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 55: Europe: Office Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 56: Middle East and Africa: Office Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 57: Middle East and Africa: Office Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 58: Latin America: Office Furniture Market: Sales Value (in Million US$), 2018 & 2023
Figure 59: Latin America: Office Furniture Market Forecast: Sales Value (in Million US$), 2024-2032
List of Tables
Table 1: Global: Office Furniture Market: Key Industry Highlights, 2023 and 2032
Table 2: Global: Office Furniture Market Forecast: Breakup by Product Type (in Million US$), 2024-2032
Table 3: Global: Office Furniture Market Forecast: Breakup by Material Type (in Million US$), 2024-2032
Table 4: Global: Office Furniture Market Forecast: Breakup by Distribution Channel (in Million US$), 2024-2032
Table 5: Global: Office Furniture Market Forecast: Breakup by Price Range (in Million US$), 2024-2032
Table 6: Global: Office Furniture Market Forecast: Breakup by Region (in Million US$), 2024-2032
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
  • 9to5 Seating
  • BERCO DESIGNS
  • Hooker Furniture Corporation

Methodology

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Table Information