Office Furniture Market Steelcase, Herman Miller, Haworth, Knoll, HNI, Kokuyo, Okamura, IKEA, Kimball International, Hooker Furniture

 

The market for office furniture has been expanding steadily over the past few years. Office furniture demand has decreased as a result of COVID-19, along with company confidence and new commercial construction. Many businesses have halted their growth into new workspaces and fired their staff members. The demand for new office furniture products has declined as a result of these abrupt shifts. The market for office furniture shrank to USD 48.1 billion in 2021. The worldwide office furniture industry is anticipated to reach USD 54.9 billion by 2030, with a CAGR of 2.7% from 2022 to 2030.

Product demand is anticipated to rise over the coming years as a result of improving economic conditions and expansion in the industrial and services sectors across all regions. Office furniture made for over 13.4% of the worldwide furniture market in 2021.

                                     

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One of the industries with the greatest global recognition is commercial real estate. Rising office space demand and the expansion of the commercial sector are excellent complements to the growth of this industry. High demand for office space is being seen in industries like IT and ITeS, consultancy, retail, and e-commerce, which is encouraging for the growth of the global office furniture industry. In addition, the growth of multinational corporations in numerous other countries is increasing the demand for new office supplies.

Global Office Furniture Market Regional Outlook

The study report offers market analyses and projections for the Middle East, Africa, Latin America, and North America. Asia Pacific had 43.8% of the market in 2021, and it is anticipated that it would maintain its dominance during the projected period. In the Asia Pacific region, nations with high market maturity include Singapore, Hong Kong, Australia, Japan, and Hong Kong.

The market for office furniture in Europe is anticipated to expand significantly throughout the forecast period. Europe's office furniture market was dominated in 2021 by Eastern and Western European nations like Germany, Poland, France, Spain, and the United Kingdom. Gains in the European office furniture industry are being driven by rising ergonomic office furniture adoption as well as rising office renovation activity.

Office Furniture Market Competitive Landscape

The office furniture market report profiles a number of significant and specialized office furniture manufacturers with their comprehensive company information, product portfolios, SWOT analyses, financial results, company business strategies, controlled companies and subsidiaries, manufacturing plants and office locations, recent developments, and strategic moves (such as acquisition, expansion, merger & joint venture, investment, etc.).

Some of the major companies included in office furniture market report are Steelcase, Herman Miller, Haworth, Knoll, HNI, Kokuyo, Okamura, IKEA, Kimball International, Hooker Furniture, among others.

Segmentation of Office Furniture market

By Product Type

·        Seating

·        Workstations

·        Tables

·        Storage Units

·        Accessories

By Retailing Channel

·        Offline Stores

·        Online Stores

By Price Range

·        High Priced

·        Medium Priced

·        Low Priced

Regional Analysis

·        North America

·        Latin America

·        Europe

·        Asia Pacific

·        Middle East & Africa

 

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xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

                                                                                                                                                   

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