Mexico Office Furniture Market Report and Forecast 2024-2032

Mexico Office Furniture Market Outlook

The Mexico office furniture market size attained around USD 840.32 million in 2023. The market is projected to grow at a CAGR of 3.6% between 2024 and 2032 and reach nearly USD 1,149.61 million by 2032.

Key Takeaways

• Mexico’s Free Trade Agreement (FTA) with 14 countries and tax systems promote the expansion of the corporate sector.

• Productos Metalicos Steele S.A. De C.V., Manufacturas Post Form S.A. de C.V. and HNI Corporation are a few of the major companies in the market.

• Manufacturers are increasingly using wood, veneers, and laminates in different finishes and qualities to create office furniture that is easy to clean and can withstand demanding office activity.

There is an increasing popularity of open offices that can promote work relationships and internal transit while stimulating creativity. This is surging the demand for modular office furniture that boosts the dynamics of collaboration and is useful for teamwork, ranging from employee engagement to interdepartmental meetings and brainstorming activities. Modular furniture can also enable the creation of functional spaces, allow various configurations, and offer enhanced privacy to workers.

Some of the factors driving the Mexico office furniture market growth are the growing demand for sustainable furniture and the development of technology parks. Manufacturers are using wood, veneers, and laminates in different finishes and qualities to create products that are easy to clean and can withstand demanding office activity.

Figure: FDI inflow (% of GDP) in Mexico, 2018-2022

Key Trends and Developments

Increasing partnerships, acquisitions and expansion of production facilities are factors increasing the Mexico Office Furniture market growth

September 2021

HNI Corporation announced its plans to open a new office furniture manufacturing plant in Saltillo, Mexico, aimed at increasing its capacity to meet the growing demand for office seating.

August 2021

Zhejiang Sunon Furniture Manufacture Co., Ltd., an office furniture solution provider, signed a contract confirming the construction of its Mexican plant in Hofusan Industrial Park.

Development of Technology Parks

The rising development of technology parks that include office spaces, retail, and residential areas is increasing the utilisation of office furniture such as desks, meeting tables, chairs, and reception furniture.

Investment in Innovative Designs

The growing competition among market players is increasing the development of innovative office furniture in terms of quality, design, and functionality.

Growing Demand for Sustainable Office Furniture

Manufacturers are adopting sustainability across the entire value chain, ranging from sourcing raw materials to installing the final product.

Increasing adoption of informal office settings

Many organisations are creating informal office spaces for collaborative environments and social interactions, which is also facilitating the market growth.

Increasing startup culture

Mexico’s startup ecosystem ranks 1st in Central America and 37th globally, which earns USD 9.7 million on average. A growing number of start-ups and office spending on furniture expand the market growth.

Mexico Office Furniture Market Trends

Organisations are opting to purchase ergonomic furniture offering enhanced comfortability to surge the productivity of their employees. Various companies have established their manufacturing bases in Mexico due to its enhanced proximity, low labour and raw material costs, and favourable manufacturing regulations. Mobile offices are increasingly gaining popularity in the country due to their enhanced flexibility, high efficiency, and excellent functionality. Mobile office furniture can be quickly assembled and disassembled for easy relocation.

Furthermore, the increase in the number of technology parks, corporate office buildings, start-ups, and co-working spaces in the past few years has favoured the Mexico office furniture market expansion. Moreover, the market is benefitting from the expansion of companies in the country owing to its growing consumer market and availability of cheap labour.

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Market Segmentation

Mexico Office Furniture Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Product Type:

• Seating

• Systems

• Tables

• File Cabinets and Storage

• Overhead Bins

• Others

Market Breakup by Material Type:

• Wood

• Metal

• Plastic and Fibre

• Glass

• Others

Market Breakup by Price Range:

• Low

• Medium

• High

Market Breakup by Distribution Channel:

• Direct Sales

• Specialist Store

• Non-Specialist Stores

• Online

• Others

Market Breakup by Region:

• North Mexico

• Central Mexico

• Pacific Coast

• Yucatan Peninsula

• Baja California

Seating is expected to dominate the Mexico office furniture market share as it enhances productivity at the workplace.

Optimal office seating solutions enhance the wellness and productivity of employees, facilitate movements, and surge collaboration. Caster chairs help in moving around with ease to do activities such as attending a virtual meeting, answering a phone, and other activities. Height-adjustable seats and lumbar support facilitate body comfort, which translates into greater concentration and productivity at the workplace.

Lightweight modular tables are gaining popularity as they are a great choice to offer a modern look to the office. They also offer the advantage of easy assembly and storage when not in use. Storage drawers attached to the tables provide more storage and space for personal belongings.

File cabinets and storage are anticipated to hold a significant share of the Mexico office furniture market as they are very valuable for safely keeping important files, papers, or documents of a company. At the workplace, they allow employees to organise themselves and keep information accessible. In order to address customer needs, manufacturers are concentrating on styles, designs, and material selection for cabinets.

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Competitive Landscape

Major market players are increasing their collaboration, partnership, and research and development activities to gain a competitive edge

Productos Metalicos Steele S.A. De C.V.

Headquartered in Mexico, and founded in 1950, Productos Metalicos Steele S.A. De C.V. offers a wide variety of products for office usage which is categorised into four sub-segments, including seating, furniture, storage systems and other furniture.

Manufacturas Post Form S.A. de C.V.

Headquartered in Mexico and founded in 1973, Manufacturas Post Form S.A. de C.V. offers functional workspaces that contribute to achieving objectives and strengthening organisational cultures. The product portfolio includes seating, desks and tables, and filing and storage.

HNI Corporation

Headquartered in the USA and founded in 1944, HNI Corporation offers a wide variety of products for office usage under different brands such as Hon including chairs, desks, filing, tables, cubicles, and spaces, Allsteel including seating, workspaces, tables, storage, architectural and other products, and Gunlocke including desking/case goods, tables, seating and other products.

Haworth Inc.

Headquartered in the USA and founded in 1948, Haworth Inc. provides a wide variety of products for office usage including seating, workplaces, tables, and storage.

Other key players in the Mexico office furniture market include Ofiplan Velasco, SA de CV and Poliarte SA de CV.

Mexico Office Furniture Market Analysis by Region

Central Mexico accounts for a considerable share due to the intensive manufacturing of sustainable office furniture. Manufacturers in the region are creating office and corporate furniture using sustainable standards as buyers become more conscious and adopt an ecologically conscious mindset. The fast-growing wood parota is native to tropical regions of Central Mexico.

Northern Mexico is often a desirable site for many American companies that face cost difficulties due to their pricey procedures. For cost-saving reasons, manufacturers of office furniture are increasingly choosing to relocate parts of their operations to southern Mexico from northern Mexico due to its familiarity and close proximity to the border.

In the Pacific Coast, market players offer a range of flexible furniture for offices. Due to their comfort and modern style, flexible furniture pieces serve as both attractive furniture for visitors and an integrating element in settings where concentration and engagement are important.

Key Highlights of the Report

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Mexico Office Furniture Market Report Snapshots

Mexico Office Furniture Market Size

Mexico Office Furniture Market Trends

Mexico Office Furniture Companies

Mexico Office Furniture Market Regional Analysis