Australia Office Furniture Market Size (2024 - 2029)

The market size of office furniture in Australia is witnessing a growth due to factors such as an increase in the number of office spaces and employees, inflow of multinational companies, and urbanization. This has resulted in a surge in demand for fully furnished offices, leading to an increase in the consumption of office furniture. Additionally, shrinking workspace and evolving consumer demands have boosted the demand for multifunctional and customized office furniture. Furthermore, manufacturers are responding to this trend by offering advanced, innovative, and technologically enhanced furniture that is healthier and more comfortable. The market for smart furniture is also expected to see significant growth in the forecast period.

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Market Size of Australia Office Furniture Industry

Australia Office Furniture Market Outlook
Study Period 2020 - 2029
Base Year For Estimation 2023
Market Size (2024) USD 2.46 Billion
Market Size (2029) USD 2.94 Billion
CAGR (2024 - 2029) 3.54 %
Market Concentration Low

Major Players

Australia Office Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order
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Australia Office Furniture Market Analysis

The Australia Office Furniture Market size is estimated at USD 2.46 billion in 2024, and is expected to reach USD 2.94 billion by 2029, growing at a CAGR of 3.54% during the forecast period (2024-2029).

Office Furniture includes desks, office chairs, storage cabinets and other items typically found in a workplace environment. The demand for office furniture is increasing due to the rising number of office spaces and employees. Inflow of multinational companies in Australia has resulted in increasing demand for fully furnished offices in the country thus increasing the demand of office furniture. Furthermore, the rise in urbanization generated increased demand for furniture from office sector. Manufacturers are offering advanced and innovative designed furniture which are healthier, comfortable, and technologically enhanced. The shrinking workspace coupled with the evolving consumer demands and the increasing number of start-ups has boosted the demand for multifunctional and customized office furniture. Moreover, smart furniture is expected to gain significant growth in the forecast period.

Australia Office Furniture Industry Segmentation

A complete background analysis of the Australia Office Furniture Market, which includes an assessment of the National accounts, economy, and the emerging market trends by segments, significant changes in the market dynamics, and the market overview is covered in the report.

Material
Wood
Metal
Plastic
Other Materials
Product
Seating (Office Chairs, Guest Chairs, Stools, Sofa, Others)
Storage Units (Bins & Shelves, Cabinets, Others)
Tables (Conference Tables, Occasional Tables, Others)
Others
Distribution Channel
Offline
Online

Australia Office Furniture Market Size Summary

The Australia Office Furniture Market is experiencing growth due to increased demand for office furniture, driven by the rise in office spaces and employees, and the inflow of multinational companies into the country. The market is further buoyed by a surge in urbanization, leading to heightened demand from the office sector. Manufacturers are responding to the demand by offering advanced, innovative, and technologically enhanced furniture designs that are healthier and more comfortable. The market is also seeing a rise in demand for multifunctional and customized office furniture, driven by shrinking workspace, evolving consumer demands, and the growth of start-ups. Trends in the Australia Office Furniture Market include a rise in commercial space construction and an increase in the number of employees, both of which are driving the market for office furniture. There is a growing demand for modernized office furniture due to the rapid construction of commercial zones and the establishment of new office spaces. Additionally, the focus on employee comfort in the workspace and the preference for customized furniture are also driving the market growth. The market is dominated by major international players, but mid-size to smaller companies are also increasing their market presence through technological advancement and product innovation.

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Australia Office Furniture Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Value Chain / Supply Chain Analysis

    5. 1.5 Porters 5 Force Analysis

      1. 1.5.1 Threat of New Entrants

      2. 1.5.2 Bargaining Power of Buyers/Consumers

      3. 1.5.3 Bargaining Power of Suppliers

      4. 1.5.4 Threat of Substitute Products

      5. 1.5.5 Intensity of Competitive Rivalry

    6. 1.6 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Material

      1. 2.1.1 Wood

      2. 2.1.2 Metal

      3. 2.1.3 Plastic

      4. 2.1.4 Other Materials

    2. 2.2 Product

      1. 2.2.1 Seating (Office Chairs, Guest Chairs, Stools, Sofa, Others)

      2. 2.2.2 Storage Units (Bins & Shelves, Cabinets, Others)

      3. 2.2.3 Tables (Conference Tables, Occasional Tables, Others)

      4. 2.2.4 Others

    3. 2.3 Distribution Channel

      1. 2.3.1 Offline

      2. 2.3.2 Online

Australia Office Furniture Market Size FAQs

The Australia Office Furniture Market size is expected to reach USD 2.46 billion in 2024 and grow at a CAGR of 3.54% to reach USD 2.94 billion by 2029.

In 2024, the Australia Office Furniture Market size is expected to reach USD 2.46 billion.

Office Furniture in Australia Market Report Snapshots

Office Furniture in Australia Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)