Global Contract Furniture Market Growth (Status and Outlook) 2023-2029

Global Contract Furniture Market Growth (Status and Outlook) 2023-2029

Contract furniture, also called commercial furniture, refers to furniture that is used for commercial purposes. Examples include restaurants, hotels, airports, and even hospitals, and the type of furniture can range from sofas and chairs to beds and bar stools. Contract grade furniture is designed and manufactured by companies that specialize in these types of products, and can’t just be picked up at standard local furniture stores.

LPI (LP Information)' newest research report, the “Contract Furniture Industry Forecast” looks at past sales and reviews total world Contract Furniture sales in 2022, providing a comprehensive analysis by region and market sector of projected Contract Furniture sales for 2023 through 2029. With Contract Furniture sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Contract Furniture industry.

This Insight Report provides a comprehensive analysis of the global Contract Furniture landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Contract Furniture portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Contract Furniture market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Contract Furniture and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Contract Furniture.

The global Contract Furniture market size is projected to grow from US$ 54350 million in 2022 to US$ 70890 million in 2029; it is expected to grow at a CAGR of 3.9% from 2023 to 2029.

The global key players of Contract Furniture include Steelcase, Herman Miller, Haworth, HNI Corporation, Okamura Corporation, Kokuyo, ITOKI, Global Furniture Group, and Teknion, etc. In 2021, the global top five players had a share approximately 20% in terms of revenue. Steelcase is the largest manufacturers in the world, accounting for over 5% market share. Asia-Pacific is the largest producer of furniture, with a share about 40%. In terms of product, Seating is the largest segment, with a share over 40%. In terms of application, office is the largest application, accounting for about 60% market share.

This report presents a comprehensive overview, market shares, and growth opportunities of Contract Furniture market by product type, application, key players and key regions and countries.

Market Segmentation:

Segmentation by type
Seating
Tables
Casegood
Others

Segmentation by application
Office
Hospitality
Education
Healthcare
Other

This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
Steelcase
Herman Miller
Haworth
HNI Corporation
Okamura Corporation
Kokuyo
ITOKI
Global Furniture Group
Teknion
Knoll
Kimball International
KI
Kinnarps Holding
Nowy Styl
Ahrend
Henglin Chair Industry
Flokk
Fursys
SUNON
Uchida Yoko
Changjiang Furniture Company
Sedus Stoll
EFG
Aurora
Bene AG
Quama
Martela
USM Modular Furniture

Please note: The report will take approximately 2 business days to prepare and deliver.