Sales Of Office Furniture Are Forecasted To Rise At A CAGR Of 7% Through 2033
Published February 7, 2023
Sales of office furniture have been steadily increasing over the past few years. The increasing demand for ergonomic furniture, rising demand for home office furniture, and the growing demand for modular furniture are the major drivers of this growth. Additionally, the growing popularity of online furniture stores and the increasing availability of affordable furniture are expected to boost the market growth.
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From 2023 to 2033, the market for office furniture is expected to grow at a CAGR of 7%. The market is expected to grow from its current US$ 50 billion valuation in 2023 to a projected US$ 98 billion valuation by the end of 2033.
With the delivery of comfort solutions to corporate offices through furniture products, office chair sales are rising. To satisfy a wide range of consumer expectations, top office furniture manufacturers offer high-density foam seats with a variety of fabric selections.
Why are Office Furniture Manufacturers Seeing Such High Demand?
Office furniture manufacturers are seeing high demand due to increased remote working trends and the need to create comfortable, productive spaces in the home. The pandemic has changed the way people work and has created a need for office furniture that can be used in the home. With more people working from home, there is an increased need for comfortable, ergonomic furniture such as desks, chairs, and other items to help promote productivity and comfort. Additionally, the growth of e–commerce has made office furniture more accessible, allowing more people to purchase the items they need to work from home.
Key Companies Profiled
- Haworth Inc.
- Herman Miller Inc.
- Global Furniture Group
- Okamura Corporation
- HNI Corporation
- Kimball International
- The study analyses the state of the latest worldwide Office Furniture market.
- The paper investigates the pandemic scenarios that are most likely to have a long-term impact on the sector.
- The paper examines in great detail how the world market for Office Furniture is changing.
- The research examines how the worldwide Office Furniture market is changing, the target markets with the greatest prospects, and emerging trends that could directly or indirectly affect your organization.
- The report identifies prospects as well as the main obstacles you may face in the near future.
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A thorough analysis of the entire market is made possible by the inclusion of granular segmentation by end-use, category, function, and geographic region in the global Office Furniture market report. Similarly, the existing and anticipated expansion of the Office Furniture business affects the market share of publications.
Segmentation of Office Furniture Industry Research
- By Product :
- Office Chairs
- Office Tables
- Storage Furniture
- Office System Furniture
- Reception Furniture
- By Sales Channel :
- Retail Stores
- Specialty Stores
- Online Stores
- Rental Stores
- By Region :
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
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