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Office Furniture Market

Global Office Furniture Market Share, Forecast, Analysis: By Product Type: Seating, Systems, Tables, Storage Units and File Cabinets, Overhead Bins, Others; By Material Type: Wood, Metal, Plastic and Fibre, Glass, Others; By Distribution Channels: Direct Sales, Others; By Price Range; Regional Analysis; Competitive Landscape; 2024-2032

Global Office Furniture Market Outlook

The global office furniture market size reached a value of nearly USD 62.31 billion in 2023. The market is projected to grow at a CAGR of 4.1% between 2024 and 2032 to reach around USD 88.85 billion by 2032.

 

Key Takeaways

  • The global office furniture market is driven by a shifting trend from the manufacturing economy to the digital economy in developing countries.
  • Haworth Inc., MillerKnoll, Inc., and Steelcase Inc. are a few of the major companies in the market.
  • The United States has the most startups worldwide at 77,195, followed by India at 16,103, as of November 2023.

 

The increasing demand for co-working spaces drives the office furniture market. Co-working spaces offer cost savings and convenience by sharing common infrastructure. Such spaces also provide opportunities for networking with other companies and start-ups. In 2022, the global average capacity of co-working spaces was approximately 98 workstations across regions like the Asia Pacific, Central America, Europe, North America, and Latin America.

 

One of the major factors driving the office furniture market growth is the growing demand for sustainable and environmentally sound furniture, which is encouraging manufacturers to adopt green products that help in reducing waste disposal, pollution levels, and deforestation. The enactment of several programmes by governments across the globe to boost start-ups through the introduction of favourable policies aimed at driving sustainability are further aiding the market.

 

Key Trends and Developments

Rising demand for sustainable furniture; favorable government initiatives promoting startup culture; growing focus on employee health; and the surging penetration of online retail channels support the office furniture market growth.

 

Date Company Event
November 13th 2023 MillerKnoll Replicated its successful combined showroom model in Dallas, Texas, by renovating the 10,000 square-foot space at 23 Geary St in San Francisco.
November 8th 2023 MillerKnoll Expanded its OE1 Workspace Collection, designed by Industrial Facility, to include new productivity-enhancing solutions.
September 19th 2023 Steelcase Partnered with Ecomedes, an online platform, to facilitate sustainable product sourcing for architects, designers, and customers.
September 6th 2023 Sedus Inaugurated the latest production line, "Futura 2," at its Geseke facility with an investment of approximately EUR 21 million.

 

 

Trends Impact
Growing demand for sustainable and eco-friendly furniture The growing demand for sustainable office furniture is encouraging manufacturers to adopt green products that help reduce waste disposal, environmental pollution, and deforestation.
Growing popularity of start-up culture The introduction of favourable policies by governments across the globe is boosting start-up culture. There are about 1,220 unicorns globally.
Growing concerns about employee health Growing concerns about employee health and productivity are driving the demand for ergonomic office furniture.
Increasing popularity of aesthetically pleasing furniture Modern offices with collaborative, open spaces and green spaces create a surge in the demand for aesthetically pleasing office furniture.
Growing penetration of online retail channels The penetration of online retail channels offering innovative, diverse, and versatile office furniture is increasing and is likely to aid the market growth.

 

Global Office Furniture Market Trends

With a booming startup culture, the demand for coworking spaces has increased as they provide a cost-effective working space. Coworking spaces provide all amenities which otherwise would have been expensive, including access to different locations and networking opportunities.

 

Major startup and entrepreneurship initiatives in several economies like the USA and India expand the demand for office furniture. Such initiatives include The Small Business Innovation Research (SBIR) grant program in the USA, ASPIRE – A Scheme for the Promotion of Innovation, Rural Industries and Entrepreneurship in India, The Seed Enterprise Investment Scheme in the United Kingdom, and others.

 

Table: Top 10 Countries With The Most Number of Workstations Per Coworking Space, in 2022

Global Office Furniture Market

 

Figure: Top 10 Countries by Average Square Footage, 2022 (Sq. ft.)

Global Office Furniture Market

 

Furthermore, increased demand for office furniture is evident due to the establishment of new offices, improvements in ergonomic design, and the expansion of home-office setups. The introduction of collaborative spaces in modern offices to ensure effective collaboration and teamwork has become a crucial part. To ensure privacy and effective communication pods, phone cabins, booths, silent rooms, privacy boxes, and cubes, are increasingly utilised in various commercial open-plan settings.

 

Market Segmentation

Global Office Furniture Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

 

Market Breakup Categories
Product Type Seating, Systems, Tables, Storage Units and File Cabinets, Overhead Bins, Others
Material Type Wood, Metal, Plastic and Fibre, Glass, Others
Distribution Channel Direct Sales, Specialist Store, Non-Specialist Stores, Online, Others
Price Range Low, Medium, High
Region North America, Europe, Asia Pacific, Latin America, Middle East and Africa

 

By material type, wood is expected to hold a significant market share due to the growing focus on sustainability

Wood accounts for a significant share of the office furniture market as it is a reliable, low-maintenance, durable, and versatile material. The rising popularity of wooden office furniture can also be attributed to its ability to enhance the aesthetic appeal of the workplace.

 

The presence of FSC (Forest Stewardship Council) and PEFC (Programme for the Endorsement of Forest Certification) labels assures customers that the wood used in products comes from forests managed sustainably. These forests are conscientiously treated and replenished to avoid harm to ecosystems.

 

Additionally, the increasing demand for stainless steel office furniture is driven by various factors, including the need for durable and low-maintenance furnishings in modern offices.

 

Direct sales are expected to dominate the office furniture market share in the coming years

Direct sales are anticipated to hold a significant market share as organised business channels, such as contracts, retailers, showrooms, and importers, have experienced rapid growth. The omnichannel retail approach serves as a complementary business model to access a broader customer base. The expansion of new stores/showrooms, proprietary websites, and global e-commerce platforms is aiding the office furniture market growth.

 

The sales of office furniture from specialist stores are considerably rising as customers increasingly seek customisability, unique pieces, and personalised shopping experiences. The increasing expansion of specialist stores by key players is further fuelling the segment’s growth.

 

Due to the growing focus on comfort, the demand for ergonomic office seatings is significantly increasing

The demand for office chairs is supported by the integration of wellness features, such as built-in heating, massage, and ventilation systems. The development of innovative office chairs that promote the physical fitness of employees is boosting the segment’s growth.

 

The increasing launches of innovative office chairs with enhanced comfort are propelling the office furniture market growth. For instance, in June 2023, Humanscale launched the Path Office Chair, featuring mesh-like fabric upholstery and a counterbalancing mechanism that supports the bodies of users.

 

Meanwhile, office tables boost work satisfaction, help maintain an organised and clean space, and reduce the risk of back pain. Besides, the development of adjustable tables, the rising popularity of modualarised displays, and the integration of technologies like AI in tables and workstations are likely to favour the office furniture market expansion in the coming years.

 

Competitive Landscape

Players in the office furniture market are increasing their collaboration, partnership, and research and development activities to gain a competitive edge

 

Company Name Year Founded Headquarters Products/Services
Haworth Inc. 1948 United States chairs, desks, and tables, partitions, storage, and accessories, their offerings encompass well-designed solutions.
MillerKnoll, Inc. 2021 United States extensive range of office furniture products under brands that include Herman Miller® and Knoll®, as well as Colebrook Bosson Saunders®, and others.
Steelcase Inc. 1912 United States ffers a wide range of office furniture products under brands that include Steelcase®, AMQ®, Coalesse®, Designtex®, etc.
Bene GmbH 1790 Germany product range encompasses tables, chairs, upholstered furniture, storage solutions, space systems, and room accessories.

 

Other key players in the global office furniture market include Sedus Stoll AG, Kimball International, Inc., and KOKUYO Co., Ltd.

 

Global Office Furniture Market Analysis by Region

The Asia Pacific region is anticipated to hold a dominant position in the office furniture market. This is due to the fact that the region is a thriving hub of innovation, boasting 159 startup ecosystems in the global top 1,000 in 2023. The Asia Pacific region leads the global market for coworking spaces, hosting approximately 300 such spaces in key cities like Singapore, Hong Kong, Shanghai, Tokyo, Sydney, and Melbourne.

 

The market in Europe is driven by the implementation of a circular economy through sustainable product availability, subscription-based models, and improved product quality among others, in the Europe furniture industry. The region recorded a total of 6,064 sq. ft. coworking space size and more than 2500 in numbers in 2022.

 

North America holds a significant office furniture market share, driven by the booming startup culture. The United States has the most startups worldwide, accounting for 77,195. The demand for office furniture in North America is driven by the growing startup industry and flexible work culture. The region has over 81,009 startups as of November 2023. It has also the largest average square footage of coworking space at over 9,548 Square Feet in 2022.

 

Key Highlights of the Report

REPORT FEATURES DETAILS
Base Year 2023
Historical Period 2018-2023
Forecast Period 2024-2032
Scope of the Report

Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:

  • Product Type
  • Material Type
  • Distribution Channel
  • Price Range
  • Region
Breakup by Product Type
  • Seating
  • Systems
  • Tables
  • Storage Units and File Cabinets
  • Overhead Bins
  • Others
Breakup by Material Type
  • Wood
  • Metal
  • Plastic and Fibre
  • Glass
  • Others
Breakup by Distribution Channel
  • Direct Sales
  • Specialist Store
  • Non-Specialist Stores
  • Online
  • Others
Breakup by Price Range
  • Low
  • Medium
  • High
Breakup by Region
  • North America
    • United States of America 
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Italy
    • Others
  • Asia Pacific
    • China
    • Japan
    • India
    • ASEAN
    • Australia
    • Others
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Others
  • Middle East and Africa
    • Saudi Arabia
    • United Arab Emirates
    • Nigeria
    • South Africa
    • Others
Market Dynamics
  • SWOT Analysis
  • Porter's Five Forces Analysis
  • Key Indicators for Demand
  • Key Indicators for Price
Competitive Landscape
  • Market Structure
  • Company Profiles
    • Company Overview
    • Product Portfolio
    • Demographic Reach and Achievements
    • Certifications
Companies Covered
  • Haworth Inc.
  • Millerknoll, Inc.
  • Steelcase Inc.
  • Bene GmbH
  • Stoll AG
  • Kimball International, Inc.
  • KOKUYO Co., Ltd.
  • Others
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

1    Preface
2    Report Coverage – Key Segmentation and Scope
3    Report Description

    3.1    Market Definition and Outlook
    3.2    Properties and Applications
    3.3    Market Analysis
    3.4    Key Market Players
4    Key Assumptions
5    Executive Summary

    5.1    Market Overview
    5.2    Key Drivers
    5.3    Key Developments
    5.4    Competitive Structure
    5.5    Key Industrial Trends
6    Snapshot
    6.1    Global
    6.2    Regional
7    Opportunities and Challenges in the Market
8    Global Office Furniture Market Analysis

    8.1    Key Industry Highlights
    8.2    Global Office Furniture Historical Market (2018-2023) 
    8.3    Global Office Furniture Market Forecast (2024-2032)
    8.4    Global Office Furniture Market by Product Type
        8.4.1    Seating
            8.4.1.1    Historical Trend (2018-2023)
            8.4.1.2    Forecast Trend (2024-2032)
        8.4.2    Systems
            8.4.2.1    Historical Trend (2018-2023)
            8.4.2.2    Forecast Trend (2024-2032)
        8.4.3    Tables
            8.4.3.1    Historical Trend (2018-2023)
            8.4.3.2    Forecast Trend (2024-2032)
        8.4.4    Storage Units and File Cabinets
            8.4.4.1    Historical Trend (2018-2023)
            8.4.4.2    Forecast Trend (2024-2032)
        8.4.5    Overhead Bins
            8.4.5.1    Historical Trend (2018-2023)
            8.4.5.2    Forecast Trend (2024-2032)
        8.4.6    Others
    8.5    Global Office Furniture Market by Material Type
        8.5.1    Wood
            8.5.1.1    Historical Trend (2018-2023)
            8.5.1.2    Forecast Trend (2024-2032)
        8.5.2    Metal
            8.5.2.1    Historical Trend (2018-2023)
            8.5.2.2    Forecast Trend (2024-2032)
        8.5.3    Plastic and Fibre
            8.5.3.1    Historical Trend (2018-2023)
            8.5.3.2    Forecast Trend (2024-2032)
        8.5.4    Glass
            8.5.4.1    Historical Trend (2018-2023)
            8.5.4.2    Forecast Trend (2024-2032)
        8.5.5    Others
    8.6    Global Office Furniture Market by Distribution Channels
        8.6.1    Direct Sales
            8.6.1.1    Historical Trend (2018-2023)
            8.6.1.2    Forecast Trend (2024-2032)
        8.6.2    Specialist Store
            8.6.2.1    Historical Trend (2018-2023)
            8.6.2.2    Forecast Trend (2024-2032)
        8.6.3    Non-Specialist Stores
            8.6.3.1    Historical Trend (2018-2023)
            8.6.3.2    Forecast Trend (2024-2032)
        8.6.4    Online
            8.6.4.1    Historical Trend (2018-2023)
            8.6.4.2    Forecast Trend (2024-2032)
        8.6.5    Others
    8.7    Global Office Furniture Market by Price Range
        8.7.1    Low
            8.7.1.1    Historical Trend (2018-2023)
            8.7.1.2    Forecast Trend (2024-2032)
        8.7.2    Medium
            8.7.2.1    Historical Trend (2018-2023)
            8.7.2.2    Forecast Trend (2024-2032)
        8.7.3    High
            8.7.3.1    Historical Trend (2018-2023)
            8.7.3.2    Forecast Trend (2024-2032)   
    8.8    Global Office Furniture Market by Region
        8.8.1    North America
            8.8.1.1    Historical Trend (2018-2023) 
            8.8.1.2    Forecast Trend (2024-2032)
        8.8.2    Europe
            8.8.2.1    Historical Trend (2018-2023) 
            8.8.2.2    Forecast Trend (2024-2032)
        8.8.3    Asia Pacific
            8.8.3.1    Historical Trend (2018-2023) 
            8.8.3.2    Forecast Trend (2024-2032)
        8.8.4    Latin America
            8.8.4.1    Historical Trend (2018-2023) 
            8.8.4.2    Forecast Trend (2024-2032)
        8.8.5    Middle East and Africa
            8.8.5.1    Historical Trend (2018-2023) 
            8.8.5.2    Forecast Trend (2024-2032)
9    North America Office Furniture Market Analysis
    9.1    United States of America 
        9.1.1    Historical Trend (2018-2023) 
        9.1.2    Forecast Trend (2024-2032)
    9.2    Canada
        9.2.1    Historical Trend (2018-2023) 
        9.2.2    Forecast Trend (2024-2032)
10    Europe Office Furniture  Market Analysis
    10.1    United Kingdom
        10.1.1    Historical Trend (2018-2023) 
        10.1.2    Forecast Trend (2024-2032)
    10.2    Germany
        10.2.1    Historical Trend (2018-2023) 
        10.2.2    Forecast Trend (2024-2032)
    10.3    France
        10.3.1    Historical Trend (2018-2023) 
        10.3.2    Forecast Trend (2024-2032)
    10.4    Italy
        10.4.1    Historical Trend (2018-2023) 
        10.4.2    Forecast Trend (2024-2032)
    10.5   Others
11    Asia Pacific Office  Furniture Market Analysis
    11.1    China
        11.1.1    Historical Trend (2018-2023) 
        11.1.2    Forecast Trend (2024-2032)
    11.2    Japan
        11.2.1    Historical Trend (2018-2023) 
        11.2.2    Forecast Trend (2024-2032)
    11.3    India
        11.3.1    Historical Trend (2018-2023) 
        11.3.2    Forecast Trend (2024-2032)
    11.4    ASEAN
        11.4.1    Historical Trend (2018-2023) 
        11.4.2    Forecast Trend (2024-2032)
    11.5    Australia
        11.5.1    Historical Trend (2018-2023) 
        11.5.2    Forecast Trend (2024-2032)
    11.6    Others
12    Latin America Office Furniture Market Analysis
    12.1    Brazil
        12.1.1    Historical Trend (2018-2023) 
        12.1.2    Forecast Trend (2024-2032)
    12.2    Argentina
        12.2.1    Historical Trend (2018-2023) 
        12.2.2    Forecast Trend (2024-2032)
    12.3    Mexico
        12.3.1    Historical Trend (2018-2023) 
        12.3.2    Forecast Trend (2024-2032)
    12.4    Others
13    Middle East and Africa Office Furniture Market Analysis
    13.1    Saudi Arabia
        13.1.1    Historical Trend (2018-2023) 
        13.1.2    Forecast Trend (2024-2032)
    13.2    United Arab Emirates
        13.2.1    Historical Trend (2018-2023) 
        13.2.2    Forecast Trend (2024-2032)
    13.3    Nigeria
        13.3.1    Historical Trend (2018-2023) 
        13.3.2    Forecast Trend (2024-2032)
    13.4    South Africa
        13.4.1    Historical Trend (2018-2023) 
        13.4.2    Forecast Trend (2024-2032)
    13.5    Others
14    Market Dynamics
    14.1    SWOT Analysis
        14.1.1    Strengths
        14.1.2    Weaknesses
        14.1.3    Opportunities
        14.1.4    Threats
    14.2    Porter’s Five Forces Analysis
        14.2.1    Supplier’s Power
        14.2.2    Buyer’s Power
        14.2.3    Threat of New Entrants
        14.2.4    Degree of Rivalry
        14.2.5    Threat of Substitutes
    14.3    Key Indicators for Demand
    14.4    Key Indicators for Price
15    Competitive Landscape
    15.1    Market Structure
    15.2    Company Profiles
        15.2.1    Haworth Inc.
            15.2.1.1    Company Overview
            15.2.1.2    Product Portfolio
            15.2.1.3    Demographic Reach and Achievements
            15.2.1.4    Certifications
        15.2.2    MillerKnoll, Inc.
            15.2.2.1    Company Overview
            15.2.2.2    Product Portfolio
            15.2.2.3    Demographic Reach and Achievements
            15.2.2.4    Certifications
        15.2.3    Steelcase Inc.
            15.2.3.1    Company Overview
            15.2.3.2    Product Portfolio
            15.2.3.3    Demographic Reach and Achievements
            15.2.3.4    Certifications
        15.2.4    Bene GmbH
            15.2.4.1    Company Overview
            15.2.4.2    Product Portfolio
            15.2.4.3    Demographic Reach and Achievements
            15.2.4.4    Certifications
        15.2.5    Stoll AG
            15.2.5.1    Company Overview
            15.2.5.2    Product Portfolio
            15.2.5.3    Demographic Reach and Achievements
            15.2.5.4    Certifications
        15.2.6    Kimball International, Inc.
            15.2.6.1    Company Overview
            15.2.6.2    Product Portfolio
            15.2.6.3    Demographic Reach and Achievements
            15.2.6.4    Certifications
        15.2.7    KOKUYO Co., Ltd.
            15.2.7.1    Company Overview
            15.2.7.2    Product Portfolio
            15.2.7.3    Demographic Reach and Achievements
            15.2.7.4    Certifications
        15.2.8    Others
16    Key Trends and Developments in the Market

 

List of Key Figures and Tables

1.    Global Office Furniture Market: Key Industry Highlights, 2018 and 2032
2.    Global Office Furniture Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3.    Global Office Furniture Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4.    Global Office Furniture Historical Market: Breakup by Material Type (USD Billion), 2018-2023
5.    Global Office Furniture Market Forecast: Breakup by Material Type (USD Billion), 2024-2032 
6.    Global Office Furniture Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
7.    Global Office Furniture Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
8.    Global Office Furniture Historical Market: Breakup by Price Range (USD Billion), 2018-2023
9.    Global Office Furniture Market Forecast: Breakup by Price Range (USD Billion), 2024-2032
10.    Global Office Furniture Historical Market: Breakup by Region (USD Billion), 2018-2023
11.    Global Office Furniture Market Forecast: Breakup by Region (USD Billion), 2024-2032
12.    North America Office Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
13.    North America Office Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
14.    Europe Office Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
15.    Europe Office Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
16.    Asia Pacific Office Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
17.    Asia Pacific Office Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
18.    Latin America Office Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
19.    Latin America Office Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
20.    Middle East and Africa Office Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
21.    Middle East and Africa Office Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
22.    Global Office Furniture Market Structure

Key Questions Answered in the Report

In 2023, the global market value was approximately USD 62.31 billion.

The market is projected to grow at a CAGR of 4.1% between 2024 and 2032.

The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 88.85 billion by 2032.

The major market drivers include growing popularity of co-working spaces and government initiatives aimed at boosting startup culture.

The key trends include growing concerns about employee health and productivity, increasing popularity of aesthetically pleasing modern offices, and growing demand for sustainable and environmentally sound furniture.

The different types of office furniture include seating, systems, tables, storage units and file cabinets, and overhead bins, among others.

Major price range of office furniture include low, medium, and high.

The major players in the market include Haworth Inc., MillerKnoll, Inc., Steelcase Inc., Bene GmbH, Stoll AG, Kimball International, Inc., and KOKUYO Co., Ltd.

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