The office furniture market is estimated to be valued at USD 67.08 Bn in 2024, growing at a compound annual growth rate (CAGR) of 5.8% from 2024 to 2031. Office furniture encompasses various furniture items used in an office environment. It primarily includes seating solutions such as office chairs, sofas, and stools, storage furniture like cabinets, file folders and storage racks, workstations and desks, and tables. The global office furniture market is driven by factors such as rapid urbanization, growth of modern workspaces, and inclination towards ergonomically designed furniture. With increased spends on offices infrastructure, commercial real estate, and work-from-home trend amidst the pandemic, the demand for office furniture is expected to rise steadily over the coming years.

 Market Dynamics:

Rising construction of new commercial office spaces driven by the expanding corporate sector in developing nations presents a strong growth opportunity for office furniture suppliers globally. However, fluctuations in raw material prices and high cost of import duties on furniture items remain key challenges. Moreover, the increased adoption of work-from-home and hybrid work models post-COVID-19 has also impacted furniture procurement plans of many organizations. On the positive side, focus on employee well-being and productivity is translating to higher demand for ergonomic and adjustable furniture suited for varied work styles. Manufacturers leveraging online sales platforms and customization options stand to benefit from the evolving workplace trends.

 Key Features of the Study:

• This report provides an in-depth analysis of the global office furniture market, and provides market size (US$ Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
• It profiles key players in the global office furniture market based on the following parameters company highlights, products portfolio, key highlights, financial performance, and strategies.
• Key companies covered as a part of this study include Herman Miller Inc., HNI Corporation, Steelcase Inc., Haworth Inc., Knoll, Ashley home stores, Ltd., Global Furniture Group, Kimball International Inc., Okamura Corporation, Affordable Interior Systems, Inc., Itoki Corporation, Cherrypick India, Onyx Furniture, Alfa Furniture, Highmoon Home Furnitures Trading LLC, MR FURNITURE, ENTRAWOOD, Offix, Dious Furniture Group, and Sunon Furniture.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
• The global office furniture market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global office furniture market.

Detailed Segmentation-

• By Material Type:
  • Metal
  • Wood
  • Plastic
  • Glass
  • Others (Steel, etc.)
• By Product Type:
  • Office & Auditorium Chairs and Seatings
  • Desks & Tables
  • Auditorium Podiums
  • Others (Sofa, Dining Table, etc.)
• By End User:
  • Corporate Offices
  • Government Offices
  • Others (Factory Offices, etc.)
• By Sales Channel:
  • Retail Stores
  • Specialty Stores
  • Online Stores
  • Others (Rental Stores, etc.)
• By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles:
  • Herman Miller Inc.
  • HNI Corporation
  • Steelcase Inc.
  • Haworth Inc.
  • Knoll
  • Ashley home stores, Ltd.
  • Global Furniture Group
  • Kimball International Inc.
  • Okamura Corporation
  • Affordable Interior Systems, Inc.
  • Itoki Corporation
  • Cherrypick India
  • Onyx Furniture
  • Alfa Furniture
  • Highmoon Home Furnitures Trading LLC
  • MR FURNITURE
  • ENTRAWOOD
  • Offix
  • Dious Furniture Group
  • Sunon Furniture