Global Office Furniture Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Office Furniture Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Office furniture is an important part of office management; it is primarily used for indoor activities. Employees working in the office should be equipped with comfortable and convenient furniture so that they can work effectively. The main and most popular office furniture is chairs, tables, cabinets, sofas, hangers and more. Office furniture is common in all offices. Office furniture should be well designed to help the office look attractive and enjoyable. In a fully equipped office, employees feel comfortable and motivated.

Market Overview:

The latest research study on the global Office Furniture market finds that the global Office Furniture market reached a value of USD 44905.47 million in 2022. It’s expected that the market will achieve USD 60033.04 million by 2028, exhibiting a CAGR of 4.96% during the forecast period.

Opportunities

Many of the major players in the furniture market are partnering with e-commerce retail stores to strengthen their distribution network.
Favorable government policies and increasing foreign direct investment have increased the number of multinational companies in the country and have also facilitated the entry of foreign players. This has led to an increase in the number of offices and an increase in the demand for office furniture.

Region Overview:

From 2023-2028, United States is estimated to witness robust growth prospects.

Company Overview:

The top three companies are Steelcase, HNI and Herman Miller, with a revenue market share of 7.3%, 4.75% and 4.62% in 2018, respectively.

Steelcase is a leader in creating superior experiences by providing a range of architectural, furniture and technical products and services designed to help people reach their full potential. The comprehensive product portfolio consists of three core brands: Steelcase, Coalesse and Turnstone.

Herman Miller, Inc. engages in the research, design, manufacture, and distribution of office furniture systems, seating products, other freestanding furniture elements, textiles, home furnishings, and related services in the United States and internationally.

Segmentation Overview:

Among different product types, Tables segment is anticipated to contribute the largest market share in 2028.

Application Overview:

By application, the Enterprise segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Office Furniture market covered in Chapter 3:

Ahrend
Poltrona Frau
Knoll Inc
Herman Miller
Flexsteel Furniture
Kokuyo Furniture
Steelcase
Haworth
Kinnarps
Teknion
LA-Z-Boy
IKEA
Kimball
KI
Okamura Corporation
HNI
NowyStyl Group
Vitra
Itoki CorporationN
Global Furniture Group

In Chapter 4 and Chapter 14.2, on the basis of types, the Office Furniture market from 2018 to 2029 is primarily split into:

Seating
Tables
Storage Units
File Cabinets
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Office Furniture market from 2018 to 2029 covers:

Enterprise
Hospitals
Schools
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)