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Report Overview
The global office furniture market size reached a value of nearly USD 62.31 Billion in 2023. The market is projected to grow at a CAGR of 4.10% between 2024 and 2032 to reach around USD 89.46 Billion by 2032.
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
- The global office furniture market is driven by a shifting trend from the manufacturing economy to the digital economy in developing countries.
- Haworth Inc., MillerKnoll, Inc., and Steelcase Inc. are a few of the major companies in the market.
- The United States has the most startups worldwide at 77,195, followed by India at 16,103, as of November 2023.
Global Office Furniture Market Trends
With a booming startup culture, the demand for coworking spaces has increased as they provide a cost-effective working space. Coworking spaces provide all amenities which otherwise would have been expensive, including access to different locations and networking opportunities.
Major startup and entrepreneurship initiatives in several economies like the USA and India expand the demand for office furniture. Such initiatives include The Small Business Innovation Research (SBIR) grant program in the USA, ASPIRE – A Scheme for the Promotion of Innovation, Rural Industries and Entrepreneurship in India, The Seed Enterprise Investment Scheme in the United Kingdom, and others.
Furthermore, increased demand for office furniture is evident due to the establishment of new offices, improvements in ergonomic design, and the expansion of home-office setups. The introduction of collaborative spaces in modern offices to ensure effective collaboration and teamwork has become a crucial part. To ensure privacy and effective communication pods, phone cabins, booths, silent rooms, privacy boxes, and cubes, are increasingly utilised in various commercial open-plan settings.
Office Furniture Market Report Snapshots
Office Furniture Market Trends
Office Furniture Market Regional Analysis
*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
In 2023, the global market value was approximately USD 62.31 Billion.
The market is projected to grow at a CAGR of 4.10% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 89.46 Billion by 2032.
The major market drivers include growing popularity of co-working spaces and government initiatives aimed at boosting startup culture.
The key trends include growing concerns about employee health and productivity, increasing popularity of aesthetically pleasing modern offices, and growing demand for sustainable and environmentally sound furniture.
The different types of office furniture include seating, systems, tables, storage units and file cabinets, and overhead bins, among others.
Major price range of office furniture include low, medium, and high.
The major players in the market include Haworth Inc., MillerKnoll, Inc., Steelcase Inc., Bene GmbH, Stoll AG, Kimball International, Inc., and KOKUYO Co., Ltd.
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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
+61-448-061-727
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.
+63-287-899-028, +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
+84-865-399-124