openPR Logo
Press release

US Office Furniture Market to Reach US$ 23.2 Billion by 2031, Driven by Ergonomic Innovations and Sustainability

10-12-2024 06:28 AM CET | Consumer Goods & Retail

Press release from: Persistence Market Research

US Office Furniture Market to Reach US$ 23.2 Billion by 2031,

The US office furniture market is projected to grow from an estimated US$ 15.3 billion in 2024 to US$ 23.2 billion by 2031, expanding at a compound annual growth rate (CAGR) of 5.4% during the forecast period (2024-2031). According to Persistence Market Research, the market's growth will be propelled by the increasing demand for ergonomic furniture, technological integration, and sustainability-focused designs.

Request a sample report@ https://www.persistencemarketresearch.com/samples/34542

Key Market Insights:
Market Size (2024E): US$ 15.3 Billion
Market Size (2031F): US$ 23.2 Billion
Forecast Growth Rate (CAGR 2024-2031): 5.4%
Historical Growth Rate (CAGR 2019-2023): 6.1%
The US office furniture market is evolving rapidly as businesses prioritize ergonomic solutions, sustainability, and modular designs that support the shift towards hybrid and remote work models. Companies are investing in office furniture that enhances employee productivity, well-being, and comfort while integrating the latest technological advancements.

Key Growth Drivers:
Evolving Work Environments: With 12.7% of full-time employees in the US working remotely and 28.2% in hybrid models as of 2023, the demand for home office furniture and flexible solutions is rising. This shift is driving sales of ergonomic chairs, height-adjustable desks, and modular storage solutions.

Technological Integration: Office furniture is becoming smarter, with Internet of Things (IoT)-enabled products such as height-adjustable desks and chairs equipped with sensors to monitor posture. Smart lighting and climate control features also enhance the work environment, optimizing productivity.

Sustainability Focus: As awareness of environmental impacts grows, consumers and businesses are opting for eco-friendly materials like recycled plastics and sustainable wood. Office furniture manufacturers are responding by introducing products with minimal carbon footprints and adhering to standards such as Cradle to Cradle (C2C).

Key Market Trends:
Ergonomic Seating: Office chairs with adjustable lumbar support, posture-correcting features, and other ergonomic enhancements are increasingly popular as companies invest in improving employee comfort and reducing the risk of musculoskeletal issues.

Height-Adjustable Desks: These desks are gaining traction as businesses prioritize flexible workstations that allow employees to alternate between sitting and standing.

Sustainable Materials: The use of recycled plastics and eco-friendly fabrics is becoming more widespread, with manufacturers offering products designed with minimal environmental impact.

Task Lighting: Demand for task lighting with adjustable brightness to reduce eye strain is increasing, reflecting growing concern for employee health in the workplace.

Challenges Facing the Market:
Economic Downturns: Recessions and economic uncertainty, such as during the 2008 financial crisis and the COVID-19 pandemic, have significantly impacted the office furniture market. During such periods, businesses often reduce capital expenditures, delaying office furniture purchases.

Intense Market Competition: With many players vying for market share, price competition is fierce, reducing profit margins. Established companies face competition from both large corporations and agile startups, making innovation essential to stay ahead.

Future Opportunities:
Sustainable Furniture Design: Sustainability is becoming a critical factor in office furniture choices, with consumers and businesses favoring eco-friendly products. Every year, 8.5 million tons of office furniture end up in US landfills, highlighting the need for sustainable alternatives. Companies like Andreu World are setting new standards with Cradle to Cradle (C2C)-certified products, driving the shift towards environmentally responsible office furniture design.

Innovation in Smart Furniture: The integration of smart technology into office furniture presents a significant growth opportunity. Manufacturers can develop products that monitor posture, adjust automatically, and provide real-time feedback on ergonomic improvements, enhancing workplace efficiency and employee well-being.

Category-wise Insights:
Chairs Remain Top-Selling Category: Ergonomic chairs account for the highest market share, with a projected CAGR of 5.9% through 2031. These chairs are essential for employee comfort and productivity, addressing the increasing demand for ergonomic workplace solutions.

Plastic Furniture in High Demand: Lightweight, durable, and affordable, plastic furniture is highly sought after, with a CAGR of 6.1%. Advances in recyclable and eco-friendly plastics are driving growth in this segment.

E-commerce Takes Over Traditional Stores: Online sales channels, including marketplaces and company websites, are gaining traction, with a projected CAGR of 6.5%. The rise of e-commerce is transforming the way businesses purchase office furniture, offering greater convenience and a wider range of options.

Recent Industry Developments:
April 2024: Herman Miller launched the Zeph Side Chair in collaboration with Studio 7.5, featuring vibrant, ergonomic seating options made from 50% post-consumer recycled content.

January 2024: Haworth announced a strategic partnership with Architype to enhance its presence in Southern California and Nevada, focusing on ergonomic and sustainable office furniture solutions.

April 2023: Herman Miller introduced the use of ocean-bound plastic in its furniture, expanding the Sayl Chair line to North America, Asia, and Latin America.

Read More: https://www.persistencemarketresearch.com/market-research/us-office-furniture-market.asp

Conclusion:
The US office furniture market is positioned for sustained growth, driven by trends in workplace modernization, ergonomic innovations, and sustainability. With an estimated market value of US$ 23.2 billion by 2031, manufacturers are poised to capitalize on the rising demand for eco-friendly, technologically integrated, and ergonomic furniture solutions. As businesses prioritize employee well-being and efficiency, the office furniture market will continue to evolve to meet the needs of the modern workforce.

Contact Us:

Persistence Market Research
G04 Golden Mile House, Clayponds Lane
Brentford, London, TW8 0GU UK
USA Phone: +1 646-878-6329
UK Phone: +44 203-837-5656
Email: sales@persistencemarketresearch.com
Web: https://www.persistencemarketresearch.com

About Persistence Market Research:

At Persistence Market Research, we specialize in creating research studies that serve as strategic tools for driving business growth. Established as a proprietary firm in 2012, we have evolved into a registered company in England and Wales in 2023 under the name Persistence Research & Consultancy Services Ltd. With a solid foundation, we have completed over 3600 custom and syndicate market research projects, and delivered more than 2700 projects for other leading market research companies' clients.

Our approach combines traditional market research methods with modern tools to offer comprehensive research solutions. With a decade of experience, we pride ourselves on deriving actionable insights from data to help businesses stay ahead of the competition. Our client base spans multinational corporations, leading consulting firms, investment funds, and government departments. A significant portion of our sales comes from repeat clients, a testament to the value and trust we've built over the years.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release US Office Furniture Market to Reach US$ 23.2 Billion by 2031, Driven by Ergonomic Innovations and Sustainability here

News-ID: 3689608 • Views:

More Releases from Persistence Market Research

Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Persistence Market Research
Plastic Liner Market to Reach US$ 6.67 Bn by 2030, Expanding at 4.7% CAGR - Pers …
➤ Overview of the Market The global plastic liner market has gained steady traction across multiple industries due to its cost-effectiveness, versatility, and protective characteristics. Plastic liners are widely used in agriculture, mining, construction, waste management, and packaging industries, where they serve as an essential barrier to prevent leakage, contamination, and material loss. These liners are manufactured using materials such as polyethylene (PE), polypropylene (PP), and PVC, offering superior resistance to
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by Sustainability and Supply Chain Efficiency
Returnable Plastic Crate Market to Reach US$ 2,665.1 Million by 2030 Fueled by S …
➤ Overview of the Market The global returnable plastic crate market is gaining momentum as industries seek cost-effective and sustainable packaging solutions. These crates are widely used for transporting and storing perishable goods, beverages, pharmaceuticals, and industrial products due to their durability, stackability, and reusability. The shift from single-use packaging to eco-friendly alternatives has accelerated the adoption of returnable plastic crates across sectors. The market, valued at US$ 1,820.0 million in
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Growth - Persistence Market Research
US Thermal Power Market Expected to Reach US$ 251.9 Mn by 2031 with 2.4% CAGR Gr …
➤Overview of the Market The US thermal power market plays a crucial role in the nation's energy mix, serving as a stable and reliable source of electricity despite the rise of renewables. Thermal power plants in the US rely primarily on coal, natural gas, and oil to generate electricity, with natural gas emerging as the dominant fuel source due to its affordability, efficiency, and lower carbon footprint compared to coal. According
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Healthcare Demand
Europe Medical Plastic Market to Reach US$ 17 Bn by 2032 Driven by Rising Health …
➤Overview of the Market The Europe medical plastic market is undergoing robust growth, fueled by increasing demand for lightweight, durable, and cost-effective materials in the healthcare sector. Medical plastics are widely used in devices, surgical instruments, diagnostic tools, implants, and packaging due to their high biocompatibility, versatility, and resistance to sterilization methods. With healthcare systems across Europe investing heavily in modernization and patient safety, the adoption of medical-grade plastics has gained

All 5 Releases


More Releases for CAGR

[CAGR of 6.7%] Nanocoatings Market Size, Industry Share, CAGR, Regional Forecast …
The global Nanocoatings Market generated $10.7 billion in 2020, and is projected to reach $20.1 billion by 2030, growing at a CAGR of 6.7% from 2021 to 2030. The report provides an in-depth analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive scenario, and wavering market trends. Download sample PDF @ https://www.alliedmarketresearch.com/request-sample/2064 According to the report published by Allied Market Research,
[CAGR of 5.3%] Pigments Market Size, Industry Share, CAGR, Regional Forecast, 20 …
A recent report by Allied Market Research provides a detailed analysis of the pigments market, highlighting its robust growth. The industry was valued at $27.2 billion in 2022 and is projected to surge to $45.4 billion by 2032, exhibiting an impressive CAGR of 5.3% from 2023 to 2032. This research report identifies the growth drivers behind the market's expansion and delves into the market dynamics using advanced analytical frameworks
[CAGR of 5.5%] Silica Flour Market Size, CAGR, Competitive Analysis and Forecast …
The global silica flour industry generated $520.0 million in 2021, and is estimated to reach $876.3 million by 2031, witnessing a CAGR of 5.5% from 2022 to 2031. Allied Market Research published a report, titled, "Silica Flour Market by Type (Quartz, Cristobalite), by Application (Fiberglass, Glass and Clay, Oil Well Cement, Ceramic and Refractory, Foundry, Others): Global Opportunity Analysis and Industry Forecast, 2021-2031." The report offers a detailed analysis
Enzymes Market Expansion CAGR of 4.9% CAGR Anticipated 2025-2034
The Enzymes Market report is an in-depth examination of the global Enzymes Market's general consumption structure, development trends, sales techniques, and top nations' sales. The research looks at well-known providers in the global Enzymes Market industry, as well as market segmentation, competition, and the macroeconomic climate. A complete Enzymes Market analysis takes into account a number of aspects, including a country's population and business cycles, as well as market-specific microeconomic
Electric Bed Market CAGR, Size, Share Grow USD 2,063 Million by 2030 CAGR 13.70%
Global electric bed market size is expected to be worth roughly USD 2,063 million by 2030, growing at a CAGR of more than 13.7% during the projected timeframe of 2022-2030, according to Ameco Research A significant portion of the population over the age of 60, who often have reduced immunity levels and are more susceptible to neurological disorders, cardiac issues, tumors, and spinal cord compression, is anticipated to have a substantial
Call Center AI Market Latest, CAGR, Volume and Value 2022-2030 | (CAGR) of 25%
New York , United States- Report Ocean published the latest research report on the Call Center AI market. In order to comprehend a market holistically, a variety of factors must be evaluated, including demographics, business cycles, and microeconomic requirements that pertain precisely to the market under study. In addition, the Call Center AI market study demonstrates a detailed examination of the business state, which represents creative ways for company growth,