Office Furniture Market

"What Will Drive Office Furniture to Be Worth $110.7 Billion by 2031?"

Office FurnitureMarket 2024-2031 According to the recent market research report, "Office Furniture Market by Product (Chairs, Desks & Tables, Storage, Lounge), Material (Wooden Furniture, Plastic & Fiber Furniture, Resin Furniture), Distribution Channel (Online, Offline), and Geography Global Forecast to 2031," the office furniture sector is anticipated to achieve a valuation of $110.7 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.9% from 2024 to 2031. Request For Sample Report: https://www.meticulousresearch.com/request-sample- report/cp_id=5877? Office furniture encompasses a range of items designed to create efficient, comfortable, and organized work environments. These furnishings, including chairs, desks & tables, storage solutions, and lounges, are crafted with functionality and ergonomics in mind to enhance workplace productivity and comfort. They come in various styles and materials, such as wood, metal, glass, plastic, fiber, and resin, catering to diverse office aesthetics and requirements. Key drivers for the growth of the office furniture market include the expansion of corporate offices, the rise of startups, and an increasing demand for well-furnished and comfortable workspaces. Nonetheless, the shift towards remote work presents a challenge to market growth. Opportunities are emerging from the rising popularity of ergonomic chairs, although competition from local manufacturers remains a significant hurdle. The market is segmented by product categories like chairs (revolving, boss, fixed), desks & tables (executive, conference, coffee, reception, work, standing), storage (cabinets, cupboards, bookshelves), and lounges (sofas, armchairs, poufs, ottomans), and materials including wooden, metallic, glass, plastic & fiber (polyester, nylon), and resin (acrylic, vinyl). The distribution channels are classified into online and offline platforms, and the market is analyzed geographically. In 2024, chairs are expected to dominate the market, holding over 53.0% share due to their role in mitigating workplace-related health issues and the preference for high-quality, durable options. Conversely, the lounge segment is projected to experience the highest CAGR, driven by its use in creating spaces for relaxation, informal meetings, and social interactions. Material-wise, plastic & fiber furniture is anticipated to lead with more than 30.0% share in 2024, owing to its affordability and flexibility compared to traditional materials. The resin furniture segment is expected to grow at the fastest rate due to its durability, resistance to wear and tear, and suitability for diverse office environments. Regarding distribution channels, offline sales are projected to hold a larger share of over 58.0% in 2024, favored for the ability to inspect and test products in person and receive personalized assistance. However, the online segment is set to grow rapidly due to the increasing e- commerce trend, offering convenience and price transparency. Geographically, Asia-Pacific is expected to command over 45.0% of the market share in 2024, supported by a growing workforce, corporate expansions, and an increasing number of furniture Page 1 of 3 Meticulous Research| sales@meticulousresearch.com

Office FurnitureMarket 2024-2031 manufacturers. This region is also predicted to have the highest CAGR of above 8.0% during the forecast period. Prominent players in the office furniture market include Haworth, Inc., Steelcase Inc., Okamura Corporation, MillerKnoll, Inc., KOKUYO Co., Inc., Global Furniture Group, Vitra International AG, Meridian Office Furniture Limited, D3, Inc. d.b.a. 9to5 Seating, Berco Designs, Hooker Furnishings Corporation, Kimball International, Inc., and HNI Corporation. Buy Now: https://www.meticulousresearch.com/Checkout/38727631? About Meticulous Research Meticulous Research was founded in 2010 and incorporated as Meticulous Market Research Pvt. Ltd. in 2013 as a private limited company under the Companies Act, 1956. Since its incorporation, the company has become the leading provider of premium market intelligence in North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa. The name of our company defines our services, strengths, and values. Since the inception, we have only thrived to research, analyze, and present the critical market data with great attention to detail. With meticulous primary and secondary research techniques, we have built strong capabilities in data collection, interpretation, and analysis of data including qualitative and quantitative research with the finest team of analysts. We design our meticulously analyzed intelligent and value-driven syndicate market research reports, custom studies, quick turnaround research, and consulting solutions to address business challenges of sustainable growth. Contact Us: Meticulous Research Email- sales@meticulousresearch.com Contact Sales- +1-646-781-8004 Connect with us on LinkedIn- https://www.linkedin.com/company/meticulous-research Page 2 of 3 Meticulous Research| sales@meticulousresearch.com