PUBLISHER: Grand View Research | PRODUCT CODE: 1529733
PUBLISHER: Grand View Research | PRODUCT CODE: 1529733
The North America office furniture market size is anticipated to reach USD 28.27 billion by 2030, growing at a CAGR of 5.1% from 2024 to 2030, according to a new report by Grand View Research, Inc. The demand for office furniture in both the U.S. and Canada is experiencing robust growth driven by expanding business environments, rapid development of IT parks, and a surge in startups and corporate expansions. In the U.S., the tech industry's resurgence in office leasing, despite ongoing remote work trends, highlights a major driver for the office furniture market. Similarly, in Canada, government initiatives and real estate developments aimed at fostering tech sectors are creating a strong demand for ergonomic, technologically integrated, and sustainable office furniture solutions.
Workplace design plays a pivotal role in enhancing employee productivity by optimizing office space, prioritizing ergonomic furniture placement, and ensuring comfort. Addressing issues like Repetitive Stress Injury (RSI) caused by poor posture and inadequate furniture setup is crucial as employees spend longer hours at their desks. Modern office designs that incorporate ergonomic principles not only improve physical well-being but also foster a more engaged and productive workforce. Therefore, there is a rising demand for ergonomic office furniture to further elevate workplace efficiency.
Recently, companies have been emphasizing the selection of office furniture that enhances employee comfort and productivity. Ergonomic chairs are particularly popular due to their ability to support long work hours effectively. Moreover, multifunctional furniture solutions are gaining traction among offices with limited fit-out budgets, catering to diverse workplace needs.
U.S. office furniture companies are expanding their manufacturing capabilities to foster industry growth, emphasizing strategic facility locations, partnerships, advanced technologies, and sustainability. For instance, in May 2023, Ashley Furniture Industries Inc. constructed a new one-million-square-foot facility in Avondale, Arizona, comprising office space, manufacturing facilities, a call center, retail display area, and warehouse space to meet increasing demand efficiently.
The market is moderately fragmented, featuring numerous local and domestic manufacturers alongside aspiring small and medium-scale enterprises seeking entry. Key players such as Herman Miller Inc., Steelcase Inc., HNI Corporation, Haworth Inc., and Ashley Furniture Industries Inc. are focusing on transparency regarding their raw materials, certifications, and product functionalities to enhance their competitive positioning.