Office Furniture Market

Global Office Furniture Market Size, Trends & Analysis - Forecasts to 2026 By Product (Seating, Systems, Tables, Storage Units and File Cabinets, Overhead Bins, Others), By Material (Wood, Metal, Plastic and Fibre, Glass, Others) By Distribution Channel (Direct Selling, Specialist Stores, Non-Specialist Stores, Online, Others), By Price (Premium, Standard, Economy), Competitive Landscape Company Market Share Analysis, and Competitor Analysis

Category Chemicals & Advanced Material

Format

This report was recently updated on November 17 2024 with the latest and most recent market numbers

Office Furniture Market Insights

The global office furniture market size is projected to grow from USD 72.1 billion in 2021 to USD 98.3 billion by 2026 at a CAGR value of 5.3%. Expansions by businesses in developing and underdeveloped nations across the globe and the growing construction of office spaces and commercial complexes are two of the major drivers of the global office furniture market. With office renovations and modifications being carried out by companies to attract customers and improve employee morale, the office furniture market growth looks to continue on its upward trajectory during the forecast period. The office furniture trends 2020 were driven by the growing demand for eco-friendly and sustainable furniture as companies looked to reduce their carbon footprint.

With the advent of the COVID-19 pandemic, the office furniture trends 2021 showed an increasing number of customers turning to e-commerce sites for their furniture needs prompting furniture vendors to sell their products through e-commerce websites. The office furniture market trends of using e-commerce websites and eco-friendly furniture are expected to drive the market during the forecast period from 2021 to 2026.

Governments across the world are investing in technology and business parks to attract foreign direct investments which will have a positive impact on the size of office furniture market. The office furniture industry analysis shows a growing demand for flexible workspaces that can fit groups of people rather than cubicles and private offices. The office furniture market analysis indicates an increased demand for office furniture that can accommodate larger body shapes as global obesity levels are increasing. Economical bariatric chairs are becoming increasingly in demand as offices try to be inclusive of all body sizes.

The office furniture industry leaders like Steelcase, Herman Miller, and Haworth hold significant wedges of the office furniture market shares. Also, the office furniture market Europe segment shows significant growth and this trend will be constant from 2021 to 2026.

Office furniture market COVID impact has been felt by vendors as companies moved to remote working mechanisms but with the pandemic slowly easing and companies returning to regular working conditions, the global furniture market will recover and continue to grow to pre-pandemic growth rates. The office furniture market size in Europe has slowly begun to recover from the impacts of COVID-19 due to companies being able to work normally and the growth of the e-commerce industry in the region.

The office furniture market outlook for the forecast period from 2021 to 2026 conveys that the fluctuating prices of raw materials will be a challenge to the growth of the global office furniture market. The report covers office furniture industry trends 2020 and office furniture industry trends 2021 with a detailed trend and data analysis.

global office furniture market

Office Furniture Market: By Product

Based on the various products offered by office furniture players, the market can be segmented as overhead bins, seating, storage units and file cabinets, tables, systems, and others. The seating segment is expected to monopolize the office furniture market based on market revenues. Seating furniture is a high demand piece of furniture as offices require various seating equipment to meet the demands of both employees and visiting clients. Seating furniture is also routinely changed to ensure the comfort of the employees as they work long hours. Furthermore, the growing trend of sustainable eco-friendly furniture is also expected to result in significant growth of the seating segment.

Office Furniture Market: By Material

Office furniture made of various materials is offered by office furniture vendors. Based on the available materials, the office furniture market can be classified as wood, plastic and fibre, metal, glass, and others. The plastic and fibre market clutched the lion’s share of the market during the forecast period. Plastic and fibre-based furniture are extremely common in offices as they are cheaper, flexible, and easier to handle. The growing demand for cheaper and durable office furniture especially in developing and underdeveloping nations are expected to cause the plastic and fibre market to grow at the fastest rates during the forecast period.

Office Furniture Market: By Distribution Channel

Based on the various distribution channels available to vendors, the office furniture market can be segmented as online, direct selling, specialist stores, non-specialist stores, and others. The specialist stores segment held the largest piece of the office furniture market revenues. Owing to the wide range of product availability, customer loyalty discounts, and allowing consumers to test the furniture before the purchase has been the major drivers of the office furniture market. The online segment is expected to register the fastest growth rates during the forecast period. The pandemic has caused an increase in the number of vendors selling their products online as customers begin to rely on e-commerce websites for their furniture needs.

Office Furniture Market: By Price

Based on the pricing of office furniture, the office furniture market can be segmented into premium, standard, and economy. The economy segmented monopolized the office furniture market during the forecast period. Most companies find it sufficient to purchase economical furniture as a way to reduce their capital expenditure. With COVID-19 changing the way people work, companies find it more economical to opt for cheaper furniture than spending significantly on more expensive furniture.

asia pacific office furniture market

Office Furniture Market: By Region

Based on the geographical features of the market, the office furniture market can be segmented into regions like North America, South America, Middle East & Africa, Europe, and Asia Pacific regions.

The North American region held the largest share of the office furniture market revenue. The region’s strong economic foundation and presence of several multinational corporations have been the major drivers of the office furniture market in this region. The U.S. office furniture market size is expected to grow significantly as COVID restrictions are eased and vaccination rates increase.

The APAC region is expected to exhibit the fastest growth rates during the forecast period. The growing investments in business and technology parks by governments in the region to attract foreign direct investments, and the ease of international trade rules, combined with the expansion of MNCs into the region are the major drivers of the APAC market. The office furniture market in India, China, Japan, and Thailand are expected to grow significantly grow in recent years as businesses are increasing their expansion plans into these countries.

Office Furniture Market Share and Competitor Analysis

Teknion, Steelcase, Okamura Corporation, Haworth, HNI Corporation, Knoll, ITOKI, Ahrend, Global Furniture Group, Kimball International, KI, Herman Miller, Kinnarps Holding, Nowy Styl, Henglin Chair Industry, Flokk, Fursys, Kokuyo, SUNON, Uchida Yoko, Sedus Stoll, Bene, EFG Holding, Aurora, Quama, Martela, USM Holding, Changjiang Furniture Company, and Quamaamong others are the key players in the global office furniture market.

Please note: This is not an exhaustive list of companies profiled in the report.

Chapter 1 Methodology

1.1 Market Scope & Definitions

1.2 Estimates & Forecast Calculation

1.3 Historical Data Overview and Validation

1.4 Data Sources

1.4.1 Secondary

1.4.2 Primary

Chapter 2 Report Outlook

2.1 Office Furniture Industry Overview, 2020-2026

2.1.1 Industry Overview

2.1.2 Product Overview

2.1.3 Material Overview

2.1.4 Distribution Channel Overview

2.1.5 Price Overview

2.1.6 Regional Overview

Chapter 3 Office Furniture Market Trends

3.1 Market Segmentation

3.2 Industry Background, 2020-2026

3.3 Market Key Trends

3.3.1 Positive Trends

3.3.1.1 Growing number of business and technology parks

3.3.1.2 Growing office complex construction projects in APAC region

3.3.2 Industry Challenges

3.3.2.1 Fluctuating raw material prices

3.4 Prospective Growth Scenario

3.4.1 Product Growth Scenario

3.4.2 Material Growth Scenario

3.4.3 Distribution Channel Growth Scenario

3.4.4 Price Growth Scenario

3.5 COVID-19 Influence over Industry Growth

3.6 Porter’s Analysis

3.7 PESTEL Analysis

3.8 Value Chain & Supply Chain Analysis

3.9 Regulatory Framework

3.9.1 North America

3.9.2 Europe

3.9.3 APAC

3.9.4 LATAM

3.9.5 MEA

3.10 Price Overview

3.11 Market Share Analysis, 2020

3.11.1 Company Positioning Overview, 2020

Chapter 4 Office Furniture Market, By Product

4.1 Product Outlook

4.2 Seating

4.2.1 Market Size, By Region, 2020-2026 (USD Billion)

4.3 Systems

4.3.1 Market Size, By Region, 2020-2026 (USD Billion)

4.4 Overhead Bins

4.4.1 Market Size, By Region, 2020-2026 (USD Billion)

4.5 Storage Units and File Cabinets

4.5.1 Market Size, By Region, 2020-2026 (USD Billion)

4.6 Tables

4.6.1 Market Size, By Region, 2020-2026 (USD Billion)

4.7 Others

4.7.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 5 Office Furniture Market, By Distribution Channel

5.1 Distribution Channel Outlook

5.2 Direct Selling

5.2.1 Market Size, By Region, 2020-2026 (USD Billion)

5.3 Specialist Stores

5.3.1 Market Size, By Region, 2020-2026 (USD Billion)

5.4 Non-Specialist Stores

5.4.1 Market Size, By Region, 2020-2026 (USD Billion)

5.5 Online

5.5.1 Market Size, By Region, 2020-2026 (USD Billion)

5.6 Others

5.6.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 6 Office Furniture Market, By Material

6.1 Material Outlook

6.2 Wood

6.2.1 Market Size, By Region, 2020-2026 (USD Billion)

6.3 Metal

6.3.1 Market Size, By Region, 2020-2026 (USD Billion)

6.4 Plastic and Fiber

6.4.1 Market Size, By Region, 2020-2026 (USD Billion)

6.5 Glass

6.5.1 Market Size, By Region, 2020-2026 (USD Billion)

6.6 Others

6.6.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 7 Office Furniture Market, By Price

7.1 Price Outlook

7.2 Premium

7.2.1 Market Size, By Region, 2020-2026 (USD Billion)

7.3 Standard

7.3.1 Market Size, By Region, 2020-2026 (USD Billion)

7.4 Economy

7.4.1 Market Size, By Region, 2020-2026 (USD Billion)

Chapter 8 Office Furniture Market, By Region

8.1 Regional outlook

8.2 North America

8.2.1 Market Size, By Country 2020-2026 (USD Billion)

8.2.2 Market Size, By Product, 2020-2026 (USD Billion)

8.2.3 Market Size, By Material, 2020-2026 (USD Billion)

8.2.4 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.2.5 Market Size, By Price, 2020-2026 (USD Billion)

8.2.6 U.S.

8.2.6.1 Market Size, By Product, 2020-2026 (USD Billion)

8.2.4.2 Market Size, By Material, 2020-2026 (USD Billion)

8.2.4.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

Market Size, By Price, 2020-2026 (USD Billion)

8.2.7 Canada

8.2.7.1 Market Size, By Product, 2020-2026 (USD Billion)

8.2.7.2 Market Size, By Material, 2020-2026 (USD Billion)

8.2.7.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.2.7.4 Market Size, By Price, 2020-2026 (USD Billion)

8.3 Europe

8.3.1 Market Size, By Country 2020-2026 (USD Billion)

8.3.2 Market Size, By Product, 2020-2026 (USD Billion)

8.3.3 Market Size, By Material, 2020-2026 (USD Billion)

8.3.4 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.3.5 Market Size, By Price, 2020-2026 (USD Billion)

8.3.6 Germany

8.3.6.1 Market Size, By Product, 2020-2026 (USD Billion)

8.3.6.2 Market Size, By Material, 2020-2026 (USD Billion)

8.3.6.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.3.6.4 Market Size, By Price, 2020-2026 (USD Billion)

8.3.7 UK

8.3.7.1 Market Size, By Product, 2020-2026 (USD Billion)

8.3.7.2 Market Size, By Material, 2020-2026 (USD Billion)

8.3.7.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.3.7.4 Market Size, By Price, 2020-2026 (USD Billion)

8.3.8 France

8.3.8.1 Market Size, By Product, 2020-2026 (USD Billion)

8.3.8.2 Market Size, By Material, 2020-2026 (USD Billion)

8.3.8.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.3.8.4 Market Size, By Price, 2020-2026 (USD Billion)

8.3.9 Italy

8.3.9.1 Market Size, By Product, 2020-2026 (USD Billion)

8.3.9.2 Market Size, By Material, 2020-2026 (USD Billion)

8.3.9.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.3.9.4 Market Size, By Price, 2020-2026 (USD Billion)

8.3.10 Spain

8.3.10.1 Market Size, By Product, 2020-2026 (USD Billion)

8.3.10.2 Market Size, By Material, 2020-2026 (USD Billion)

8.3.10.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.3.10.4 Market Size, By Price, 2020-2026 (USD Billion)

8.3.11 Russia

8.3.11.1 Market Size, By Product, 2020-2026 (USD Billion)

8.3.11.2 Market Size, By Material, 2020-2026 (USD Billion)

8.3.11.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.3.11.4 Market Size, By Price, 2020-2026 (USD Billion)

8.4 Asia Pacific

8.4.1 Market Size, By Country 2020-2026 (USD Billion)

8.4.2 Market Size, By Product, 2020-2026 (USD Billion)

8.4.3 Market Size, By Material, 2020-2026 (USD Billion)

8.4.4 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.4.5 Market Size, By Price, 2020-2026 (USD Billion)

8.4.6 China

8.4.6.1 Market Size, By Product, 2020-2026 (USD Billion)

8.4.6.2 Market Size, By Material, 2020-2026 (USD Billion)

8.4.6.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.4.6.4 Market Size, By Price, 2020-2026 (USD Billion)

8.4.7 India

8.4.7.1 Market Size, By Product, 2020-2026 (USD Billion)

8.4.7.2 Market Size, By Material, 2020-2026 (USD Billion)

8.4.7.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.4.7.4 Market Size, By Price, 2020-2026 (USD Billion)

8.4.8 Japan

8.4.8.1 Market Size, By Product, 2020-2026 (USD Billion)

8.4.8.2 Market Size, By Material, 2020-2026 (USD Billion)

8.4.8.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.4.8.4 Market Size, By Price, 2020-2026 (USD Billion)

8.4.9 Australia

8.4.9.1 Market Size, By Product, 2020-2026 (USD Billion)

8.4.9.2 Market size, By Material, 2020-2026 (USD Billion)

8.4.9.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.4.9.4 Market Size, By Price, 2020-2026 (USD Billion)

8.4.10 South Korea

8.4.10.1 Market Size, By Product, 2020-2026 (USD Billion)

8.4.10.2 Market Size, By Material, 2020-2026 (USD Billion)

8.4.10.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.4.10.4 Market Size, By Price, 2020-2026 (USD Billion)

8.5 Latin America

8.5.1 Market Size, By Country 2020-2026 (USD Billion)

8.5.2 Market Size, By Product, 2020-2026 (USD Billion)

8.5.3 Market Size, By Material, 2020-2026 (USD Billion)

8.5.4 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.5.5 Market Size, By Price, 2020-2026 (USD Billion)

8.5.6 Brazil

8.5.6.1 Market Size, By Product, 2020-2026 (USD Billion)

8.5.6.2 Market Size, By Material, 2020-2026 (USD Billion)

8.5.6.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.5.6.4 Market Size, By Price, 2020-2026 (USD Billion)

8.5.7 Mexico

8.5.7.1 Market Size, By Product, 2020-2026 (USD Billion)

8.5.7.2 Market Size, By Material, 2020-2026 (USD Billion)

8.5.7.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.5.7.4 Market Size, By Price, 2020-2026 (USD Billion)

8.5.8 Argentina

8.5.8.1 Market Size, By Product, 2020-2026 (USD Billion)

8.5.8.2 Market Size, By Material, 2020-2026 (USD Billion)

8.5.8.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.5.8.4 Market Size, By Price, 2020-2026 (USD Billion)

8.6 MEA

8.6.1 Market Size, By Country 2020-2026 (USD Billion)

8.6.2 Market Size, By Product, 2020-2026 (USD Billion)

8.6.3 Market Size, By Material, 2020-2026 (USD Billion)

8.6.4 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.6.5 Market Size, By Price, 2020-2026 (USD Billion)

8.6.6 Saudi Arabia

8.6.6.1 Market Size, By Product, 2020-2026 (USD Billion)

8.6.6.2 Market Size, By Material, 2020-2026 (USD Billion)

8.6.6.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.6.6.4 Market Size, By Price, 2020-2026 (USD Billion)

8.6.7 UAE

8.6.7.1 Market Size, By Product, 2020-2026 (USD Billion)

8.6.7.2 Market Size, By Material, 2020-2026 (USD Billion)

8.6.7.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.6.7.4 Market Size, By Price, 2020-2026 (USD Billion)

8.6.8 South Africa

8.6.8.1 Market Size, By Product, 2020-2026 (USD Billion)

8.6.8.2 Market Size, By Material, 2020-2026 (USD Billion)

8.6.8.3 Market Size, By Distribution Channel, 2020-2026 (USD Billion)

8.6.8.4 Market Size, By Price, 2020-2026 (USD Billion)

Chapter 9 Company Landscape

9.1 Competitive Analysis, 2020

9.2 Teknion

9.2.1 Company Overview

9.2.2 Financial Analysis

9.2.3 Strategic Positioning

9.2.4 Info Graphic Analysis

9.3 Okamura Corporation

9.3.1 Company Overview

9.3.2 Financial Analysis

9.3.3 Strategic Positioning

9.3.4 Info Graphic Analysis

9.4 Steelcase

9.4.1 Company Overview

9.4.2 Financial Analysis

9.4.3 Strategic Positioning

9.4.4 Info Graphic Analysis

9.5 Haworth

9.5.1 Company Overview

9.5.2 Financial Analysis

9.5.3 Strategic Positioning

9.5.4 Info Graphic Analysis

9.6 HNI Corporation

9.6.1 Company Overview

9.6.2 Financial Analysis

9.6.3 Strategic Positioning

9.6.4 Info Graphic Analysis

9.7 Knoll

9.7.1 Company Overview

9.7.2 Financial Analysis

9.7.3 Strategic Positioning

9.7.4 Info Graphic Analysis

9.8 USM Holding

9.8.1 Company Overview

9.8.2 Financial Analysis

9.8.3 Strategic Positioning

9.8.4 Info Graphic Analysis

9.9 Henglin Chair Industry

9.9.1 Company Overview

9.9.2 Financial Analysis

9.9.3 Strategic Positioning

9.9.4 Info Graphic Analysis

9.10 Sedus Stoll

9.10.1 Company Overview

9.10.2 Financial Analysis

9.10.3 Strategic Positioning

9.10.4 Info Graphic Analysis

9.11 Other Companies

9.11.1 Company Overview

9.11.2 Financial Analysis

9.11.3 Strategic Positioning

9.11.4 Info Graphic Analysis

The Global Office Furniture Market has been studied from the year 2019 till 2026. However, the CAGR provided in the report is from the year 2021 to 2026. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Office Furniture Market.

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

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Frequently Asked Questions

What is the projected market size of the global office furniture market?

The global office furniture market size is projected to grow from USD 72.1 billion in 2021 to USD 98.3 billion by 2026, at a CAGR of 5.3% during the forecast period.

Who are the major vendors in the office furniture market?

Key and innovative vendors in the office furniture market include Teknion, Steelcase, Okamura Corporation, Haworth, HNI Corporation, Knoll, ITOKI, Ahrend, Global Furniture Group, Kimball International, KI, Herman Miller, Kinnarps Holding, Nowy Styl, Henglin Chair Industry, Flokk, Fursys, Kokuyo, SUNON, Uchida Yoko, Sedus Stoll, Bene, EFG Holding, Aurora, Quama, Martela, USM Holding, Changjiang Furniture Company, and Quamaamong.

Which region has the highest market share in the office furniture market?

North America is estimated to hold the highest market share in the office furniture market.

What is the Covid-19 impact on future office furniture manufacturers?

Globally, Covid-19 impact on the future office furniture market will be quite significant for the manufacturers. North America would be leading because of the growing presence of several multinational corporations. Subsequently, the Asia Pacific market will be growing the fastest because of the increasing investments in business and technology parks by governments in the region to attract foreign direct investments.

What are the major drivers in the office furniture market?

The major driving factors for the office furniture market include the rising expansions by businesses in developing and underdeveloped nations across the globe; growing construction of office spaces and commercial complexes; soaring trends of using e-commerce websites for buying eco-friendly furniture; a rising volume of office renovation; increasing demand for sustainable and ecological furniture.