Office Furniture Market Size, Share, Forecast, & Trends Analysis by Product, Material, Distribution Channel, and Geography

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Office Furniture Market by Product (Chairs, Desks & Tables, Storage, Lounge), Material (Wooden Furniture, Plastic & Fiber Furniture, Resin Furniture), Distribution Channel (Online, Offline), and Geography-Global Forecast to 2031.

The research report titled 'Office Furniture Market by Product (Chairs, Desks & Tables, Storage, Lounge), Material (Wooden Furniture, Plastic & Fiber Furniture, Resin Furniture), Distribution Channel (Online, Offline), and Geography-Global Forecast to 2031' provides an in-depth analysis of the office furniture market in five major geographies and emphasizes on the current market trends, market sizes, market shares, recent developments, and forecasts till 2031.

The office furniture market is projected to reach $110.7 billion by 2031, at a CAGR of 6.9% from 2024 to 2031.

The growth of the office furniture market is driven by corporate expansion, a growing number of startups, and the rising demand for convenient, comfortable, and furnished environments for employees. However, the growing work-from-home culture restrains the growth of this market. Furthermore, the increasing adoption of ergonomic chairs is expected to generate growth opportunities for the players operating in this market. However, the intense competition from local players is a major challenge impacting market growth.

The office furniture market is segmented by product (chairs [revolving chairs, boss chairs, and fixed chairs], desks & tables [executive desks, conference tables, coffee tables, reception desks, work desks, and standing desks], storage [cabinets and cupboards & bookshelves], lounge [sofas, armchairs, and poufs & ottoman], and other products), material (wooden furniture, metallic furniture. glass furniture, plastic & fiber furniture [polyester furniture and nylon furniture], and resin furniture [acrylic furniture and vinyl furniture]), distribution channel (online and offline), and geography. The study also evaluates industry competitors and analyses the market at the country and regional levels.

Based on product, the office furniture market is segmented into chairs, desks & tables, storage, lounges, and other products. In 2024, the chairs segment is expected to account for the largest share of above 53.0% of the office furniture market. The segment's large market share is attributed to the growing need to reduce the risk of muscle strains, back pain, and neck pain; the adoption of high-quality office chairs to withstand frequent use over an extended period; and the increasing investment in quality office chairs to enhance the overall appearance of the workplace.

However, the lounge segment is expected to register the highest CAGR during the forecast period. This segment's growth is attributed to the increasing use of lounges to provide employees with a designated space to relax and for informal meetings, individual work tasks, and social gatherings.

Based on material, the office furniture market is segmented into wooden furniture, metallic furniture, glass furniture, plastic & fiber furniture, and resin furniture. In 2024, the plastic & fiber furniture segment is expected to account for the largest share of above 30.0% of the office furniture market. The segment's large market share is attributed to the fact that plastic & fiber furniture is more affordable than traditional materials like wood or metal; is lightweight and easy to move, allowing for effortless rearrangement and flexibility in office layouts; and the increasing need to use eco-friendly options of furniture made from recycled materials or sustainable sources.

However, the resin furniture segment is expected to register the highest CAGR during the forecast period. The growth of this segment is attributed to resin furniture being highly durable and resistant to wear and tear, making it well-suited for high-traffic areas in offices. There is also an increasing demand for a wide range of designs, colors, and styles to suit different office aesthetics and preferences. Resin furniture is also resistant to corrosion and rust, making it suitable for use in humid or coastal environments.

Based on distribution channel, the office furniture market is segmented into online and offline. In 2024, the offline segment is expected to account for the larger share of above 58.0% of the office furniture market. The segment's large market share is attributed to the offline stores helping customers to physically inspect and test the furniture before making a purchase, the offline stores providing personalized assistance from sales representatives, and the increasing adoption of offline purchases for discounts and special pricing for bulk purchases of office furniture.

However, the online segment is expected to register the highest CAGR during the forecast period. This segment's growth is attributed to the increasing growth of the e-commerce industry and the use of online purchasing of office furniture, allowing customers to browse and purchase from the comfort of their offices. The online sales platforms provide transparent pricing information, allowing customers to compare prices across different sellers.

Based on geography, the office furniture market is segmented into North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. In 2024, Asia-Pacific is expected to account for the largest share of above 45.0% of the office furniture market. Asia-Pacific's significant market share can be attributed to the increasing number of the working population, the growing expansion of corporate offices in the region, the increasing number of office furniture manufacturers and exporters in the region, and the growing number of business zones and IT parks. Also, this region is expected to register the highest CAGR of above 8.0% during the forecast period.

The key players operating in the office furniture market are Haworth, Inc. (U.S.), Steelcase Inc. (U.S.), Okamura Corporation (Japan), MillerKnoll, Inc. (U.S.), KOKUYO Co., Inc. (Japan), Global Furniture Group (U.S.), Vitra International AG (Germany), Meridian Office Furniture Limited (U.K.), D3, Inc. d.b.a. 9to5 Seating (U.S.), Berco Designs (U.S.), Hooker Furnishings Corporation (U.S.), Kimball International, Inc. (U.S.), and HNI Corporation (U.S.).

Key Questions Answered in the Report:

What are the high-growth market segments in terms of product, material, and distribution channel?
What is the historical market size for the office furniture market?
What are the market forecasts and estimates for 2024-2031?
What are the major drivers, restraints, opportunities, challenges, and trends in the office furniture market?
Who are the major players in the office furniture market, and what are their market shares?
What is the competitive landscape like?
What are the recent developments in the office furniture market?
What are the different strategies adopted by major market players?
What are the trends and high-growth countries?
Who are the local emerging players in the office furniture market, and how do they compete with other players?

Scope of the Report:

Office Furniture Market Assessment- by Product

Chairs
- Revolving Chairs
- Boss Chairs
- Fixed Chairs
Desks & Tables
- Executive Desks
- Conference Tables
- Coffee Tables
- Reception Desks
- Work Desks
- Standing Desks
Storage
- Cabinets
- Cupboards & Bookshelves
Lounge
- Sofas
- Armchairs
- Poufs & Ottoman
Other Products

Office Furniture Market Assessment-by Material

Wooden Furniture
Metallic Furniture
Glass Furniture
Plastic & Fiber Furniture
- Polyester Furniture
- Nylon Furniture
Resin Furniture
- Acrylic Furniture
- Vinyl Furniture

Office Furniture Market Assessment-by Distribution Channel

Online
Offline

Office Furniture Market Assessment-by Geography

North America
- U.S.
- Canada
Europe
- Germany
- U.K.
- France
- Italy
- Netherlands
- Spain
- Sweden
- Rest of Europe
Asia-Pacific
- Japan
- China
- India
- South Korea
- Singapore
- Australia & New Zealand
- Indonesia
- Rest of Asia-Pacific
Latin America
- Mexico
- Brazil
- Rest of Latin America
Middle East & Africa
- UAE
- Saudi Arabia
- Israel
- Rest of Middle East & Africa

Product Code: MROTH - 1041194

1. Introduction

1.1. Market Definition & Scope
1.2. Currency & Limitations
- 1.2.1. Currency
- 1.2.2. Limitations

2. Research Methodology

2.1. Research Approach
2.2. Process of Data Collection and Validation
- 2.2.1. Secondary Research
- 2.2.2. Primary Research/Interviews with Key Opinion Leaders of the Industry
2.3. Market Sizing and Forecast
- 2.3.1. Market Size Estimation Approach
- 2.3.2. Growth Forecast Approach
2.4. Assumptions for the Study

3. Executive Summary

3.1. Market Overview
3.2. Market Analysis, by Product
3.3. Market Analysis, by Material
3.4. Market Analysis, by Distribution Channel
3.5. Market Analysis, by Geography
3.6. Competitive Analysis

4. Market Insights

4.1. Overview
4.2. Factors Affecting Market Growth
- 4.2.1. Drivers
  - 4.2.1.1. Corporate Expansion and Growing Numbers of Startups
  - 4.2.1.2. Rising Demand for Convenient, Comfortable, and Furnished Environment for Employees
- 4.2.2. Restraints
  - 4.2.2.1. Increasing Work from Home Culture
- 4.2.3. Opportunities
  - 4.2.3.1. Increasing Adoption of Ergonomic Chairs
- 4.2.4. Challenges
  - 4.2.4.1. Intense Competition from Local Players
4.3. Key Trends
- 4.3.1. Market Trends
4.4. Case Studies
- 4.4.1. Case Study A
- 4.4.2. Case Study B
- 4.4.3. Case Study C
4.5. Porter's Five Forces Analysis

5. Office Furniture Market Assessment-by Product

5.1. Overview
5.2. Chairs
- 5.2.1. Revolving Chairs
- 5.2.2. Boss Chairs
- 5.2.3. Fixed Chairs
5.3. Desks & Tables
- 5.3.1. Executive Desks
- 5.3.2. Conference Tables
- 5.3.3. Coffee Tables
- 5.3.4. Reception Desks
- 5.3.5. Work Desks
- 5.3.6. Standing Desks
5.4. Storage
- 5.4.1. Cabinets
- 5.4.2. Cupboards & Bookshelves
5.5. Lounge
- 5.5.1. Sofas
- 5.5.2. Armchairs
- 5.5.3. Poufs & Ottoman
5.6. Other Products

6. Office Furniture Market Assessment-by Material

6.1. Overview
6.2. Wooden Furniture
6.3. Metallic Furniture
6.4. Glass Furniture
6.5. Plastic & Fiber Furniture
- 6.5.1. Polyester Furniture
- 6.5.2. Nylon Furniture
6.6. Resins Furniture
- 6.6.1. Acrylic Furniture
- 6.6.2. Vinyl Furniture

7. Office Furniture Market Assessment-by Distribution Channel

7.1. Overview
7.2. Online
7.3. Offline

8. Office Furniture Market Assessment-by Geography

8.1. North America
- 8.1.1. U.S.
- 8.1.2. Canada
8.2. Europe
- 8.2.1. Germany
- 8.2.2. U.K.
- 8.2.3. France
- 8.2.4. Italy
- 8.2.5. Netherlands
- 8.2.6. Spain
- 8.2.7. Sweden
- 8.2.8. Rest of Europe
8.3. Asia-Pacific
- 8.3.1. Japan
- 8.3.2. China
- 8.3.3. India
- 8.3.4. South Korea
- 8.3.5. Singapore
- 8.3.6. Australia & New Zealand
- 8.3.7. Indonesia
- 8.3.8. Rest of Asia-Pacific
8.4. Latin America
- 8.4.1 Mexico
- 8.4.2. Brazil
- 8.4.3. Rest of Latin America
8.5. Middle East & Africa
- 8.5.1. UAE
- 8.5.2. Saudi Arabia
- 8.5.3. Israel
- 8.5.4. Rest of Middle East & Africa

9. Competition Analysis

9.1. Overview
9.2. Key Growth Strategies
9.3. Competitive Benchmarking
9.4. Competitive Dashboard
- 9.4.1. Industry Leaders
- 9.4.2. Market Differentiators
- 9.4.3. Vanguards
- 9.4.4. Emerging Companies
9.5. Market Ranking, by Key Players

10. Company Profiles (Company Overview, Financial Overview, Product Portfolio, and Strategic Development)

10.1. Haworth, Inc.
10.2. Steelcase Inc.
10.3. Okamura Corporation
10.4. MillerKnoll, Inc.
10.5. KOKUYO Co., Inc.
10.6. Global Furniture Group
10.7. Vitra International AG
10.8. Meridian Office Furniture Limited
10.9. D3, Inc. d.b.a. 9to5 Seating
10.10. Berco Designs
10.11. Hooker Furnishings Corporation
10.12. Kimball International, Inc.
10.13. HNI Corporation

(Note: SWOT analysis of the top 5 companies will be provided.)

11. Appendix

11.1. Available Customization
11.2. Related Reports