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Office Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global office furniture market reached a value of US$ 58.4 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 74.7 Billion by 2027, exhibiting at a CAGR of 4.1% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use sectors. These insights are included in the report as a major market contributor.

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. 

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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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:

IMARC Group provides an analysis of the key trends in each sub-segment of the global office furniture market, along with forecasts at the global and regional level from 2022-2027. 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:

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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  • 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:

 

 
 

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  • 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 Group, Kimball International, 9to5 Seating, BERCO DESIGNS, Hooker Furniture, etc.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Product Type, Material Type, Distribution Channel, Price Range, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Companies Covered Steelcase Inc., OKAMURA CORPORATION., HNI Corporation, Herman Miller Inc., Haworth Inc., Knoll Inc., KOKUYO Co. Ltd, Meridian Office Group, Kimball International, 9to5 Seating, BERCO DESIGNS and Hooker Furniture
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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 Group
        15.3.9    Kimball International
        15.3.10      9to5 Seating
        15.3.11      BERCO DESIGNS 
        15.3.12      Hooker Furniture

List of Figures

Figure 1: Global: Office Furniture Market: Major Drivers and Challenges
Figure 2: Global: Office Furniture Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Office Furniture Market: Breakup by Product Type (in %), 2021
Figure 4: Global: Office Furniture Market: Breakup by Material Type (in %), 2021
Figure 5: Global: Office Furniture Market: Breakup by Distribution Channel (in %), 2021
Figure 6: Global: Office Furniture Market: Breakup by Price Range (in %), 2021
Figure 7: Global: Office Furniture Market: Breakup by Region (in %), 2021
Figure 8: Global: Office Furniture Market Forecast: Sales Value (in Billion US$), 2022-2027
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$), 2016 & 2021
Figure 13: Global: Office Furniture (Seating) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 14: Global: Office Furniture (Systems) Market: Sales Value (in Million US$), 2016 & 2021
Figure 15: Global: Office Furniture (Systems) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 16: Global: Office Furniture (Tables) Market: Sales Value (in Million US$), 2016 & 2021
Figure 17: Global: Office Furniture (Tables) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 18: Global: Office Furniture (Storage Units and File Cabinets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 19: Global: Office Furniture (Storage Units and File Cabinets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 20: Global: Office Furniture (Overhead Bins) Market: Sales Value (in Million US$), 2016 & 2021
Figure 21: Global: Office Furniture (Overhead Bins) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 22: Global: Office Furniture (Other Product Type) Market: Sales Value (in Million US$), 2016 & 2021
Figure 23: Global: Office Furniture (Other Product Type) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 24: Global: Office Furniture (Wood) Market: Sales Value (in Million US$), 2016 & 2021
Figure 25: Global: Office Furniture (Wood) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 26: Global: Office Furniture (Metal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 27: Global: Office Furniture (Metal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 28: Global: Office Furniture (Plastic and Fiber) Market: Sales Value (in Million US$), 2016 & 2021
Figure 29: Global: Office Furniture (Plastic and Fiber) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 30: Global: Office Furniture (Glass) Market: Sales Value (in Million US$), 2016 & 2021
Figure 31: Global: Office Furniture (Glass) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 32: Global: Office Furniture (Other Material Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 33: Global: Office Furniture (Other Material Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 34: Global: Office Furniture Market: Sales through Direct Sales (in Million US$), 2016 & 2021
Figure 35: Global: Office Furniture Market Forecast: Sales through Direct Sales (in Million US$), 2022-2027
Figure 36: Global: Office Furniture Market: Sales through Specialist Store (in Million US$), 2016 & 2021
Figure 37: Global: Office Furniture Market Forecast: Sales through Specialist Store (in Million US$), 2022-2027
Figure 38: Global: Office Furniture Market: Sales through Non-Specialist Stores (in Million US$), 2016 & 2021
Figure 39: Global: Office Furniture Market Forecast: Sales through Non-Specialist Stores (in Million US$), 2022-2027
Figure 40: Global: Office Furniture Market: Online Sales (in Million US$), 2016 & 2021
Figure 41: Global: Office Furniture Market Forecast: Online Sales (in Million US$), 2022-2027
Figure 42: Global: Office Furniture Market: Sales through Other Distribution Channels (in Million US$), 2016 & 2021
Figure 43: Global: Office Furniture Market Forecast: Sales through Other Distribution Channels (in Million US$), 2022-2027
Figure 44: Global: Office Furniture (Low) Market: Sales Value (in Million US$), 2016 & 2021
Figure 45: Global: Office Furniture (Low) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 46: Global: Office Furniture (Medium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 47: Global: Office Furniture (Medium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 48: Global: Office Furniture (High) Market: Sales Value (in Million US$), 2016 & 2021
Figure 49: Global: Office Furniture (High) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 50: North America: Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 51: North America: Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 52: Asia Pacific: Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 53: Asia Pacific: Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 54: Europe: Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 55: Europe: Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 56: Middle East and Africa: Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 57: Middle East and Africa: Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 58: Latin America: Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 59: Latin America: Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027

List of Tables

Table 1: Global: Office Furniture Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Office Furniture Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Office Furniture Market Forecast: Breakup by Material Type (in Million US$), 2022-2027
Table 4: Global: Office Furniture Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 5: Global: Office Furniture Market Forecast: Breakup by Price Range (in Million US$), 2022-2027
Table 6: Global: Office Furniture Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Office Furniture Market Structure
Table 8: Global: Office Furniture Market: Key Players


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Key Questions Answered in This Report

The global office furniture market was valued at US$ 58.4 Billion in 2021.

We expect the global office furniture market to exhibit a CAGR of 4.1% during 2022-2027.

A significant growth in corporate sector, along with the emergence of smart furniture that are
integrated with sensors to remind the users to change their posture at regular intervals, is primarily
driving the global office furniture market.

The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown
regulations across several nations resulting in work from home scenario, thereby limiting the overall
demand for office furniture items.

Based on the product type, the global office furniture market has been segregated into seating, systems,
tables, storage units and file cabinets, overhead bins, and others. Currently, seating accounts for the
majority of the total market share.

Based on the material type, the global office furniture market can be categorized into wood, metal,
plastic and fiber, glass, and others, where wood exhibits a clear dominance in the market.

Based on the distribution channel, the global office furniture market has been divided into direct sales,
specialist store, non-specialist stores, online, and others. Among these, direct sales currently hold the
majority of the global market share.

Based on the price range, the global office furniture market can be segmented into low, medium, and
high. Currently, low ranged office furniture accounts for the largest market share.

On a regional level, the market has been classified into North America, Asia Pacific, Europe, Latin
America, and Middle East and Africa, where Asia Pacific currently dominates the global market.

Some of the major players in the global office furniture market include Steelcase Inc., OKAMURA
CORPORATION., HNI Corporation, Herman Miller Inc., Haworth Inc., Knoll Inc., KOKUYO Co. Ltd,
Meridian Office Group, Kimball International, 9to5 Seating, BERCO DESIGNS, Hooker Furniture, etc.

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