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US Office Furniture Market
US Office Furniture Market
Dublin, Nov. 16, 2023 (GLOBE NEWSWIRE) -- The "US Office Furniture Market - Focused Insights 2023-2028" report has been added to ResearchAndMarkets.com's offering.
The US office furniture market was valued at $14.30 billion in 2022 and is expected to reach $19.38 billion by 2028, growing at a CAGR of 5.20% during the forecast period.
This report provides comprehensive market size and forecast data for the office furniture market in the United States, including revenue generated from office furniture sales. It presents an in-depth analysis of the current market scenario, anticipated market forecasts, relevant market segmentations, and industry trends for the US office furniture market.
Office furniture refers to furniture specifically designed for use in office environments. The market is segmented based on material, product type, and distribution channels. In terms of product types, the US office furniture market is divided into categories such as chairs, desks, tables, storage furniture, and others. The market offers a wide range of office furniture products to cater to diverse office needs.
Among these product categories, office chairs represent the largest segment in the US office furniture market. Wood-based office furniture is witnessing steady demand due to its durability and strength. Office furniture is available through both offline and online retail channels in the US market.
The study offers a detailed overview of the current office furniture market dynamics for the years 2023 to 2028 in the United States. It covers various aspects of market growth drivers, constraints, and emerging trends. The report provides insights into both demand and supply factors affecting the market. It also profiles and assesses leading companies and prominent players operating in the US office furniture market.
KEY HIGHLIGHTS
The US office furniture market is growing significantly due to the growing popularity of modular and ergonomic design of office furniture, rising popularity of standing desks and height adjustment workstations, growing trend of co-working spaces, increasing demand for office pods, increasing office infrastructure requirement for SMEs, establishments of new companies, and continuously changing designs and rising innovations.
The consumer preference for ergonomic design-based chairs is rising in the US office furniture market due to growing awareness about the importance of ergonomic chairs for reducing back pain issues.
The popularity of standing desks is rising across the office in the US, as it resolves various risks related to health due to sitting for long hours.
The demand for office furniture from online store distribution channels is rising significantly from small businesses or startups.
Steelcase, Herman Miller, Inc., Haworth International, Ltd., HNI Corporation, Global Furniture Group, and Teknion Corporation are the leading players with intense market penetration. Vendors such as Ashley Furniture Industries Inc., Interogo Foundation, Okamura Corporation, Sauder Woodworking Company, Flexsteel Industries, Inc., La-X-Boy Incorporated, Urban Wood Goods, Krueger International, Inc., Humanscale, Interior Systems, Inc., 9to5 Seating, Autonomous, Kokuyo, Boss Office Products, Maverick Desk, SitOnIt Seating, and many others are the prominent players in the market with a noteworthy presence.
The awareness about sustainable and eco-friendly products in the US has been rising for the last few years, which drives the demand for furniture made of recycled plastic materials.
Key Attributes
Report Attribute
Details
No. of Pages
68
Forecast Period
2022 - 2028
Estimated Market Value (USD) in 2022
$14.3 Billion
Forecasted Market Value (USD) by 2028
$19.38 Billion
Compound Annual Growth Rate
5.2%
Regions Covered
United States
VENDORS LIST
Key Vendors
Steelcase
Herman Miller, Inc.
Haworth International, Ltd.
HNI Corporation
Global Furniture Group
Teknion Corporation
Other Prominent Vendors
Ashley Furniture Industries Inc.
Okamura Corporation
Sauder Woodworking Company
Flexsteel Industries, Inc.
La-Z-Boy Inc.
Urban Wood Goods
Krueger International, Inc.
Humanscale
Interior Systems, Inc.
9to5 Seating
Autonomous
KOKUYO CO., LTD.
Boss Office Products
Maverick Desk
SitOnIt Seating
Interogo Foundation
Virco
Hooker Furniture
Kinnarps
OFM Inc
Jasper Group, Inc.
Madison Liquidators, LLC.
OfficeFurniture4Sale
Macbride
Wayfair
Berco Designs
DutchCrafters
CELIO OFFICE FURNITURE
COCRE8 Interiors
TRANSTEEL
Closet factory
USA Office Furniture
Cousin's Office Furniture
American Signature, Inc.
Bernhardt Furniture Company
SEGMENTATION & FORECAST
Material Market Insights (2022-2028)
Wood
Metal
Plastic
Others
Product Market Insights (2022-2028)
Chairs
Desks & Tables
Storage Furniture
Others
Distribution Channel Market Insights (2022-2028)
Offline Stores
Online Stores
MARKET STRUCTURE
Market Dynamics
Competitive Landscape of the US Office Furniture Market
Key Vendors
Other Prominent Vendors
APPENDIX
Research Methodology
Abbreviations
About the Analyst
For more information about this report visit https://www.researchandmarkets.com/r/m2lbvn
About ResearchAndMarkets.com
ResearchAndMarkets.com is the world's leading source for international market research reports and market data. We provide you with the latest data on international and regional markets, key industries, the top companies, new products and the latest trends.
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The valuation of the global office chair market stands at US$ 14.04 billion in 2023. Worldwide demand for office chairs is predicted to expand at a CAGR of 5.1% and reach a market valuation of US$ 23.09 billion by the end of 2033.
Office chairs provide a higher level of flexibility and comfort to working personnel in industries and offices. Designing a wide variety of multifunctional chairs by key players is one of the significant aspects contributing to the global market growth over the coming years.
In recent years, companies have been concentrating on the latest technology trends, which are being incorporated while designing office chairs for corporate professionals.
For instance :
Organized and unorganized furniture industries around the world are predicted to play a significant role in the production of office chairs, which is further expected to contribute to market growth opportunities. Rising demand for infrastructural facilities from schools and educational institutes is also projected to stimulate sales of various types of conference chairs for meetings in seminar halls and auditoriums. Demand for laboratory furniture is also one of the vital factors generating higher sales in the target market.
Establishing a significant relationship with raw material suppliers is a noteworthy factor in the sustainability of the office chair industry. Companies are taking efforts to offer the utmost comfort to end users by manufacturing more comfortable office chairs. Moreover, the rising demand for furniture and commercial housing is predicted to fuel sales of different types of office chairs.
Growing use of computers and related technologies in different industries, including telecom, internet, IT, etc., is predicted to foster sales of computer chairs. In addition, the rising adoption of drop shipping methods by leading companies for their online platform customers along with increasing penetration of the internet around the world is fueling market growth opportunities.
The rising trend of interior designing, as well as renovation in corporate areas, is estimated to create lucrative growth opportunities for market players over the coming decade.
Report Attributes DetailsOffice Chair Market Size (2023)
US$ 14.04 Billion
Predicted Market Value (2033)
US$ 23.09 Billion
Global Market Growth Rate (2023 to 2033)
5.1% CAGR
Sales Growth of Ergonomic Chairs (2023 to 2033)
5.4% CAGR
China Market Value (2033)
US$ 3.88 Billion
United Kingdom Market Growth Rate (2023 to 2033)
3.9% CAGR
Japan Market Growth Rate (2023 to 2033)
4.9% CAGR
Key Companies Profiled
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“Wide Availability of Multi-featured Office Chairs”
Easy availability of office chairs with numerous features, including a back massager, in-built temperature control, armrest and lumber support, and adjustable knob padded backrests are estimated to propel sales of office chairs. Market players are focusing on developing a diverse product portfolio with multi-functional chairs to ensure relief to target customers.
People are shifting back to the office after the COVID-19 pandemic. However, a few people have developed their workstations in their home settings even after the pandemic. Therefore, demand for office chairs is estimated to increase over the coming 10 years.
“Increased Investments by Organizations on Business Infrastructure”
Growing requirements for office chairs to provide flexibility and comfort to the rising number of employees in various business organizations are estimated to propel growth opportunities in the target market. In recent years, corporations have been making efforts to ensure a comfortable and healthy environment for their employees to increase work efficiency, which further propels the demand for office chairs as one of the materialistic requirements.
Increasing employment opportunities along with industrialization led to rising demand for office and business infrastructure, which include office chairs and other facilities. New designs and product innovations by prominent manufacturers to offer multifunctional chairs are resulting in increased product demand.
“High Transportation Coss and Fluctuating Prices of Raw Materials”
Office chairs are generally produced in bulk and then transported to respective showrooms. The increasing transportation cost results in the high cost of office chairs, which is predicted to have adverse impacts on market expansion opportunities. Moreover, constant fluctuations in the prices of raw materials are anticipated to impact the availability of office chairs in the global market.
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“Production and Availability of Office Chairs at Economical Prices”
New entrants in the target industry are predicted to invest in the production of multipurpose ergonomic chairs, which enhance comfort while working for a longer duration. In addition, increased efforts by startups to offer affordable and comfortable office chairs are also predicted to widen the horizon for them over the coming decade.
“Rising Investments by Market Players to Offer Innovative Chairs”
The United States market is expected to register a CAGR of 4.5% and reach a value of US$ 6.30 billion by the end of the assessment period in 2033. Market players are investing a significant amount to offer innovative office chairs. Certain brands are also involved in developing technology in which chairs can be adjusted as per the shape of bodies.
“Evolving Trends of Workplace Designs Stimulating Demand for Office Chairs”
The office chair market in the United Kingdom is projected to advance at a CAGR of 3.9% and reach a value of US$ 1.13 billion by the end of the forecast period in 2033. Growing sales of office chairs in the United Kingdom are attributed to their rising demand from organizations and businesses along with individual consumers, who are investing to set up their home offices. The market growth is also influenced by numerous trends in workplace designs, including collaborative workspaces, agile working, and the shift toward open-plan offices.
“Growing Investments in Office Space Boosting Sales of Office Furniture”
Sales of office chairs in Japan are projected to expand at a CAGR of 4.9% and reach a valuation of US$ 1.18 billion by the end of 2033. The increased demand for office chairs is attributed to the growing use of office space along with the increasing employment rates. Various corporations and enterprises are investing in office space, which is predicted to drive the market for office chairs.
“Increasing Setting Up Factories and Offices Owing to Rapid Industrialization and Modernization”
Demand for office chairs in South Korea is predicted to advance at a CAGR of 5.4% and reach a market value of US$ 923. 52 million by the end of the forecast period in 2033.
Rapid industrialization and modernization in the economy of South Africa led to the set up of many factories and offices. As a result, there is an increase in the requirement for office chairs. The industry is distinguished by the concentration on ergonomic chairs as manufacturers are taking efforts to satisfy the requirements of the workforce.
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“Growing Well-being Concerns of Employees Driving Demand for Ergonomic Chairs”
Demand for ergonomic chairs is anticipated to expand at a CAGR of 5.4% and reach a value of US$ 13.14 billion by the end of the forecast period in 2033.
Sales of ergonomic chairs are increasing at a steady rate because of rising consumer awareness about the health benefits of using these chairs. Reduced back and neck pain, improved blood circulation, relieved hip pressure, and posture support are some key benefits of using ergonomic chairs.
In recent years, many consumers or corporate offices are ready to spend a significant amount on office chairs, which provide proper comfort and posture to increase the effectiveness of employees at their workplaces. Ergonomic chairs are estimated to hold about 55% share of the global market revenue by the end of 2033.
“Popularity of Online Channels Due to Various Discount Offers and Easy Product Availability”
Sales of office chairs through online platforms are forecasted to register a 6.2% CAGR and reach a market value of US$ 8.10 billion by the end of 2033.
Consumers are inclined to purchase products through online platforms. Numerous discounts and easy availability of various office chair brands are contributing to increased sales of office chairs through these platforms.
Certain brands are concentrating on the use of machine learning and artificial intelligence capabilities on their respective websites to provide an enhanced visual experience. They also offer customized product lists to customers according to their purchases in the past.
Fact.MR, a market research and competitive intelligence provider, recently published a report on the office chair market. The report provides thorough information about sales analysis of office chairs, regional overview, market strategies, key players, etc.
Manufacturers of office chairs are exploring new as well as innovative designs while concentrating on ease during their use to target consumers. Leading companies are inclined towards e-Commerce platforms to enhance their market presence and expand their operations through online channels.
For instance :
Key companies in the office chair market are TOPSTAR GmbH, Bristol, Herman Miller, HNI Corporation, Kimball Office, UB Office Systems, OKAMURA CORPORATION, PSI Seating Ltd., UE Furniture Co. Ltd., Steelcase, and Haworth Inc.
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