Global Office Furniture Market

Global Office Furniture Market by Materials [Metal, Wood, Fiber, Plastic, Glass, and Others], Products [Desks & Tables, Seating, Storage Units, Workstation, and Accessories], Price Range [Premium (High), Medium, and Economy (Low)], Distribution Channels [Online, Offline (Direct Sales, Specialist Stores, Non-specialist Stores), and Others], End-users [Corporate Offices, Government Offices, and Others], and Regions [Asia Pacific, North America, Europe, Latin America, and Middle East & Africa] Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: CG-2913
  • Author: Growth Market Reports
  • Rating: 4.3
  • Total Reviews: 2
  • No. Of Pages: 226
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The global office furniture market size is anticipated to expand at substantial CAGR of 3.1 % and is projected to reach USD 96,642.94 million during the forecast period, between 2021 and 2028. Office furniture refers to furniture that is free standing and does not require much installation. Office furniture includes chairs, desk, tables, lounge seating, computer desk, and lockers. Office furniture is essential for smooth and efficient functioning of offices. The furniture is required to make the environment conformable, pleasant, and attractive. This type of furniture setting encourages employees, increases work efficiency, and makes them feel comfortable to work by creating a relaxing atmosphere. Changing working patterns and lifestyles of employees are increasing the demand for office furniture.

Global Office Furniture Market

Market Trends, Drivers, Restraints, and Opportunities:

  • Rising preference towards the adoption of modern ambiance at workplace and growth in the e-commerce sector enhances the sale of office furniture through online channels, which is boosting the market.
  • Growing number of corporate offices associated with expansion of IT parks and commercial zones is driving the market.
  • Continuous growth in the real estate industry with growing demand for premium and designer furniture are fueling the market.   
  • Stringent regulatory framework related to environment concerns for wooden furniture is hampering the growth of the market.
  • Perfect competition in the market associated with large number of manufactures with their pricing strategy is restricting the market growth.
  • Technological advancement, rising demand for smart workplaces, and adoption of sustainable production are expected to create opportunities for the growth of the market.
  • Growing health issues due to sedentary lifestyle of employees are anticipated to create opportunities for the players in the market. 

Scope of the report:

The report on the global office furniture market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.

Attributes

Details

Report Title

Global Office Furniture Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast

Base Year

2020

Historic Data

2018 & 2019

Forecast Period

2021–2028

Segmentation

Materials [Metal, Wood, Fiber, Plastic, Glass, and Others], Products [Desks & Tables, Seating, Storage Units, Workstation, and Accessories], Price Range [Premium (High), Medium, and Economy (Low)], Distribution Channels [Online, Offline (Direct Sales, Specialist Stores, Non-specialist Stores), and Others], End-users [Corporate Offices, Government Offices, and Others]

Regional Scope

Asia Pacific, North America, Europe, Latin America, and Middle East & Africa

Report Coverage

Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast

Key Players Covered in the Report

9to5 Seating LLC, BERCO DESIGN, Global Furniture Group, Gunlocke Company, Haworth Inc, Herman Miller Furniture (India) Pvt Ltd, Kimball International, Knoll, Inc, KOKUYO Co., Ltd, OKAMURA CORPORATION, Steelcase Inc, and Teknion

Office Furniture Market Segment Insights:

High benefits of wooden furniture to drive the market

In terms of materials, the office furniture market is segmented into metal, wood, fiber, plastic, glass, and others. The wood segment held a considerable share of the market in 2020, as it is a popular choice for furniture among customers. Wooden furniture is made from the wood of oak, pine, cedar, and teak trees. Wooden furniture has significant advantages such as low-maintenance, production of a variety of pieces, durability, and production of oils that protect against rot and deterioration. Various benefits offered by wooden furniture are expected to help the wood segment to expand at significant CAGR during the forecast period.

Global Office Furniture Market

Growing adoption of smart furniture to drive the market

Based on products, the office furniture market is fragmented into desks & tables, seating, storage units, workstation, and accessories. The workstation segment constituted a significant market share in 2020 and is projected to expand at a rapid rate during the forecast period. The growth in the workstation segment is attributed to the major amount of time spent by employees at the workstation. The workstation segment is projected to be the fastest growing segment, due to growing adoption of smart furniture as per convenience of employees by various organizations. 

Increasing per capita income of consumers to drive the market

On the basis of price range, the office furniture market is segregated into premium (high), medium, and economy (low) range. The medium range segment is expected to expand at a significant rate during the forecast period, owing to increasing per capita income of consumers. Changing lifestyle and maintenance of proper body posture are increasing the demand for office chairs. Growing consumer awareness for healthy lifestyle and comfortable furniture such as ergonomic chairs is enhancing the medium price range segment, which is anticipated to boost the furniture market in the forecast period.

Global Office Furniture Market

Convenience of buyers in specialist stores to drive the market

Based on distribution channels, the office furniture market is segregated into online, offline (including direct sales, specialist stores, and non-specialist stores), and others. The offline segment is expected to hold a significant share of the market and is anticipated to grow during the forecast period. The online segment is sub-segmented into direct sales, specialist stores, and non-specialist stores. The specialist store segment held a maximum market share, owing to convenience of buyers in specialist stores. Speciality stores cover a wide range and all types of office furniture, which helps the customer to make a purchasing decision easily. Offline purchasing provides immediate quality check as compared to online distribution channel.

Expansion of corporate offices to drive the market

On the basis of end-users, the office furniture market is segregated into corporate offices, government offices, and others. The corporate segment is expected to hold a significant share of the market during the forecast period, due to expansion of corporate offices including IT parks and commercial zones. The growth in the corporate segment is attributed to the growing concerns about health and changing lifestyles. The corporate sector is focused on the maintenance of the health and well-being of employees.

Global Office Furniture Market

Growing e-commerce retail sectors in Asia Pacific to drive the market

In terms of regions, the global office furniture market is split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. North America constituted a significant share of the market in 2020, due to mergers and acquisitions conducted by key market players. The market in Asia Pacific is projected to expand at a significant CAGR during the forecast period, due to growing e-commerce retail sectors with improving distribution channels, rising number of start-ups, and business expansion in countries such as Australia, China, Japan, and India. Improvements in distribution channels, including offering facilities at doorstep of customers, are helping in the growth of the market in Asia Pacific.

Global Office Furniture Market

Segments

By Materials

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

By Products

  • Desks & Tables
  • Seating
  • Storage Units
  • Workstation
  • Accessories 

By Price Range

  • Premium (High)
  • Medium
  • Economy (Low)     

By Distribution Channels

  • Online
  • Offline (Direct Sales, Specialist Stores, Non-specialist Stores)
  • Others   

By End-users  

  • Corporate Offices
  • Government Offices
  • Others  

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • 9to5 Seating LLC
  • BERCO DESIGN
  • Global Furniture Group
  • Gunlocke Company
  • Haworth Inc
  • Herman Miller Furniture (India) Pvt Ltd
  • Kimball International
  • Knoll, Inc
  • KOKUYO Co., Ltd
  • OKAMURA CORPORATION
  • Steelcase Inc
  • Teknion

Competitive Landscape

Key players in the office furniture market include 9to5 Seating LLC, BERCO DESIGN, Global Furniture Group, Gunlocke Company, Haworth Inc, Herman Miller Furniture (India) Pvt Ltd, Kimball International, Knoll, Inc, KOKUYO Co., Ltd, OKAMURA CORPORATION, Steelcase Inc, and Teknion. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Office Furniture Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Office Furniture Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Office Furniture Market - Supply Chain
  4.5. Global Office Furniture Market Forecast
     4.5.1. Office Furniture Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Office Furniture Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Office Furniture Market Absolute $ Opportunity
5. Global Office Furniture Market Analysis and Forecast by Region
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Region
     5.2.2. Y-o-Y Growth Projections by Region
  5.3. Office Furniture Market Size and Volume Forecast by Region
     5.3.1. North America
     5.3.2. Latin America
     5.3.3. Europe
     5.3.4. Asia Pacific
     5.3.5. Middle East and Africa (MEA)
  5.4. Absolute $ Opportunity Assessment by Region
  5.5. Market Attractiveness/Growth Potential Analysis by Region
  5.6. Global Office Furniture Demand Share Forecast, 2019-2026
6. North America Office Furniture Market Analysis and Forecast
  6.1. Introduction
     6.1.1. Basis Point Share (BPS) Analysis by Country
     6.1.2. Y-o-Y Growth Projections by Country
  6.2. North America Office Furniture Market Size and Volume Forecast by Country
     6.2.1. U.S.
     6.2.2. Canada
  6.3. Absolute $ Opportunity Assessment by Country
  6.4. Market Attractiveness/Growth Potential Analysis
     6.4.1. By Country
     6.4.2. By Product Type
     6.4.3. By Application
  6.5. North America Office Furniture Demand Share Forecast, 2019-2026
7. Latin America Office Furniture Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
     7.1.3. Latin America Average Pricing Analysis
  7.2. Latin America Office Furniture Market Size and Volume Forecast by Country
      7.2.1. Brazil
      7.2.2. Mexico
      7.2.3. Rest of Latin America
   7.3. Absolute $ Opportunity Assessment by Country
  7.4. Market Attractiveness/Growth Potential Analysis
     7.4.1. By Country
     7.4.2. By Product Type
     7.4.3. By Application
  7.5. Latin America Office Furniture Demand Share Forecast, 2019-2026
8. Europe Office Furniture Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Europe Average Pricing Analysis
  8.2. Europe Office Furniture Market Size and Volume Forecast by Country
     8.2.1. Germany
     8.2.2. France
     8.2.3. Italy
     8.2.4. U.K.
     8.2.5. Spain
     8.2.6. Russia
     8.2.7. Rest of Europe
  8.3. Absolute $ Opportunity Assessment by Country
  8.4. Market Attractiveness/Growth Potential Analysis
     8.4.1. By Country
     8.4.2. By Product Type
     8.4.3. By Application
  8.5. Europe Office Furniture Demand Share Forecast, 2019-2026
9. Asia Pacific Office Furniture Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Asia Pacific Average Pricing Analysis
  9.2. Asia Pacific Office Furniture Market Size and Volume Forecast by Country
     9.2.1. China
     9.2.2. Japan
     9.2.3. South Korea
     9.2.4. India
     9.2.5. Australia
     9.2.6. Rest of Asia Pacific (APAC)
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Market Attractiveness/Growth Potential Analysis
     9.4.1. By Country
     9.4.2. By Product Type
     9.4.3. By Application
  9.5. Asia Pacific Office Furniture Demand Share Forecast, 2019-2026
10. Middle East & Africa Office Furniture Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Middle East & Africa Average Pricing Analysis
  10.2. Middle East & Africa Office Furniture Market Size and Volume Forecast by Country
     10.2.1. Saudi Arabia
     10.2.2. South Africa
     10.2.3. UAE
     10.2.4. Rest of Middle East & Africa (MEA)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Market Attractiveness/Growth Potential Analysis
     10.4.1. By Country
     10.4.2. By Product Type
     10.4.3. By Application
  10.5. Middle East & Africa Office Furniture Demand Share Forecast, 2019-2026
11. Competition Landscape
  11.1. Global Office Furniture Market: Market Share Analysis
  11.2. Office Furniture Distributors and Customers
  11.3. Office Furniture Market: Competitive Dashboard
  11.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     11.4.1. 9to5 Seating LLC
     11.4.2. BERCO DESIGN
     11.4.3. Global Furniture Group
     11.4.4. Gunlocke Company
     11.4.5. Haworth Inc
     11.4.6. Herman Miller Furniture (India) Pvt Ltd
     11.4.7. Kimball International
     11.4.8. Knoll, Inc
     11.4.9. KOKUYO Co., Ltd
     11.4.10. OKAMURA CORPORATION
     11.4.11. Steelcase Inc
     11.4.12. Teknion

By Materials

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

By Products

  • Desks & Tables
  • Seating
  • Storage Units
  • Workstation
  • Accessories 

By Price Range

  • Premium (High)
  • Medium
  • Economy (Low)     

By Distribution Channels

  • Online
  • Offline (Direct Sales, Specialist Stores, Non-specialist Stores)
  • Others   

By End-users  

  • Corporate Offices
  • Government Offices
  • Others  

By Regions

  • North America
  • Europe
  • Latin America
  • Asia Pacific
  • Middle East & Africa

By Key Players

  • 9to5 Seating LLC
  • BERCO DESIGN
  • Global Furniture Group
  • Gunlocke Company
  • Haworth Inc
  • Herman Miller Furniture (India) Pvt Ltd
  • Kimball International
  • Knoll, Inc
  • KOKUYO Co., Ltd
  • OKAMURA CORPORATION
  • Steelcase Inc
  • Teknion

Key players in the office furniture market include 9to5 Seating LLC, BERCO DESIGN, Global Furniture Group, Gunlocke Company, Haworth Inc, Herman Miller Furniture (India) Pvt Ltd, Kimball International, Knoll, Inc, KOKUYO Co., Ltd, OKAMURA CORPORATION, Steelcase Inc, and Teknion. These players engage in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.

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