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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Contract Furniture and Furnishing Market Outlook
The global contract furniture and furnishing market is projected to expand at a CAGR of 7% during the forecast period of 2024-2032.
The modern furniture demand is particularly huge from international schools that are aiming for aesthetically attractive learning centres. With the installation of different patterns and wooden panels, educational institutions are increasingly focusing on modifying their infrastructure. They also organise rooms by colour and incorporate modular furniture to increase the effectiveness of the teaching environment. However, due to their restricted economic budgets, academic organizations prefer contract furniture and furnishing products, which is expected to aid the growth of the contract furniture and furnishing industry.
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Market Segmentation
Contract furniture and furnishings refer to office or commercial furniture and furnishings, which are produced to fulfil the established industry requirements.
The contract furniture and furnishing market can be segmented into types and end-uses.
Based on type, the market can be divided into:
- Desks and Tables
- Chairs and Stools
- Storage Cabinets
- Sofas
- Cafeteria Tables and Chairs
- Others
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The industry can be broadly categorised based on end-uses into:
- Hospitality and Food Services
- Offices and Home Offices
- Retail stores
- Institutions
- Others
The EMR report looks into the regional markets of contract furniture and furnishing like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The contract furniture and furnishing market is being driven by the growing use of furniture in the number of business areas such as hospitals, corporate offices, retail shops, and hospitality sectors. However, on the basis of the continuing market trend, furniture preference in these business areas continues to change. The present increasing trend in digitalization has influenced the furniture industry significantly. Such furniture is increasingly being adopted by business spaces to provide convenience and comfort to staff in order to enhance their productivity. Smart furniture sales have been increased by this factor. The enhanced introduction of intelligent furniture has thus been recognized as one of the key contract furniture and furnishing industry trends, which will drive the market growth over the forecast period.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global contract furniture and furnishing market, looking into their capacity, market shares, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- Haworth Inc.
- Herman Miller Inc.
- Kinnarps Ab
- Steelcase Inc.
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter's Five Forces model.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by End-Use |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
The market is projected to grow at a CAGR of 7% between 2024 and 2032.
The major drivers of the market include the rising population, growing urbanisation, and the growing use of furniture in the number of business areas such as hospitals, corporate offices, retail shops, and hospitality sectors.
Increasing trend in digitalisation and the adoption of smart furniture by business spaces to provide convenience and comfort to staff in order to enhance their productivity are the key industry trends propelling the growth of the market.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Desks and tables, chairs and stools, storage cabinets, sofas, cafeteria tables and chairs, among others are the major types of contract furniture and furnishing in the industry.
Hospitality and food services, offices and home offices, retail stores and institutions, among others are the leading end use sectors of this industry.
The major players in the industry are Haworth Inc., Herman Miller Inc., Kinnarps Ab, and Steelcase Inc., among others.
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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124