Press release
Office Furniture Market 2023: Global Report, Industry Outlook, Size, Share, Value, Demand and Forecast 2028
The global office furniture market size reached US$ 60.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 77.4 Billion by 2028, exhibiting a growth rate (CAGR) of 4.05% during 2023-2028.
Office furniture refers to the furniture that are designed to create a comfortable and productive workspace that promotes collaboration and allows for individual work tasks. Some of the most common office furniture include desks, chairs, cabinets, and tables that are used in office environments. Typically made from durable materials such as wood, metal, and plastic, is designed to be functional, comfortable, as well as aesthetically pleasing. Their ergonomic design is supported with various styles to accommodate different work environments and personal preferences. In addition to providing a comfortable workspace, office furniture also assists in storage and organization to enhance the workplace environment.
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Global Office Furniture Market Trends:
The global market is primarily driven by the augmenting product demand from the corporate sector. This can be attributed to the rapid expansion and modernization of office spaces. In line with this, the emerging trend of co-working spaces and flexible work arrangements is resulting in a higher uptake of modular, space-saving, and multi-functional office furniture, thereby fueling the market. Moreover, continual product innovations, such built-in sensors, adjustable lighting, integration with internet of things (IoT) devices and wireless charging features are creating lucrative growth opportunities in the market.
The market is further driven by the rising adoption of eco-friendly office furniture made from sustainable materials including bamboo, recycled plastic, and reclaimed wood due to an enhanced focus on sustainable development. Some of the other factors contributing to the market include rapid urbanization, considerable rise in construction and renovation activities, and easy product availability across online and offline retail channels.
Competitive Landscape:
The competitive landscape of the market has also been analyzed with some of the top office furniture companies being
Some of these key players include:
• Steelcase Inc.
• Okamura Corporation
• HNI Corporation
• Herman Miller Inc.
• Haworth, Inc.
• Knoll, Inc.
• KOKUYO Co., Ltd.
• Meridian Office Furniture Limited
• Kimball International, Inc.
• D3, Inc.
• BERCO DESIGNS
• Hooker Furniture Corporation
Explore the Full Report with Charts, Table of Contents, and List of Figures: https://www.imarcgroup.com/office-furniture-market
Key Market Segmentation:
Breakup by Product Type:
• Seating
• Systems
• Tables
• Storage Units and File Cabinets
• Overhead Bins
• Others
Breakup by Material Type:
• Wood
• Metal
• Plastic and Fiber
• Glass
• Others
Breakup by Distribution Channel:
• Direct Sales
• Specialist Store
• Non-Specialist Stores
• Online
• Others
Breakup by Price Range:
• Low
• Medium
• High
Breakup by Region:
• North America (United States, Canada)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)
Key highlights of the Report:
• Market Performance (2017-2022)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.
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IMARC Group
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Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic, and technological developments for business leaders in pharmaceutical, industrial, and high-technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology, and novel processing methods are at the top of the company's expertise.
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