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

The Report Covers Global Office Furniture Market Forecast & Industry Analysis and it is Segmented by Type (Seating, Tables, Storage, Desks, and Other Office Furniture), Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online, and Other Distribution Channels), and Geography (North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa). The Report Offers Market Size and Forecasts for the Office Furniture Market in Value (USD billion) the Above-mentioned Segments.

Office Furniture Market Size

Office Furniture Market Summary
Study Period 2020 - 2029
Market Size (2024) USD 65.02 Billion
Market Size (2029) USD 88.00 Billion
CAGR (2024 - 2029) 6.24 %
Fastest Growing Market Asia Pacific
Largest Market North America

Major Players

Office Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order


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Office Furniture Market Analysis

The Office Furniture Market size is estimated at USD 65.02 billion in 2024, and is expected to reach USD 88 billion by 2029, growing at a CAGR of 6.24% during the forecast period (2024-2029).

Office furniture is gaining more significance, with the expanding business environment in the developing and underdeveloped nations across the world. The number of renovation and modification projects is increasing in countries, such as the United States, China, and India, fueling the market's growth. Moreover, favorable trade relations between countries and government policies, such as foreign direct investment and trade relaxations in Asia and the Middle East, increased the number of multinational and global companies and technology and business parks, helping the market record more revenue transactions.

The increasing construction of residences, offices, and commercial complexes is one of the significant factors influencing the market's growth throughout the study period. This trend is anticipated to continue in the forecast period as well. Moreover, owing to the COVID-19 pandemic, many companies switched to remote working practices. The majority of employees have been resuming their working at office routine slowly, which is anticipated to accelerate the market's growth. An increase in the number of corporate offices, owing to the rapid construction of IT parks and commercial zones, creates a demand for modernized office furniture globally. To boost colleague communications and create a collaborative environment through social interactions, organizations are creating informal office spaces. This shift has prompted manufacturers in the market studied to introduce intelligently designed furniture products.

Office Furniture Market Trends

This section covers the major market trends shaping the Office Furniture Market according to our research experts:

Growing E-Commerce is Helping the Market to Record More Revenue

During the study period, customers gradually started switching to the e-commerce channels for their business needs, which helps reduce the number of times they need to visit the physical retail stores to compare their desired products and prices. More vendors are also adapting to online retail strategies to reduce costs and increase their profit margins. Moreover, there is a rise in online furniture stores to minimize the need for rental space and inventory. and Wayfair are some of the leading online retailers for office furniture. The growth opportunity for the sales of office furniture through online channels forced online retailers to improve purchase processes in terms of security and reliability, which propelled the demand for office furniture. Some of the policies that encourage consumers to purchase online include secured transactions, cash-on-delivery options, convenient return policies, and integrated and centralized customer service.

Office Furniture Market Size, by Distribution Channel, In %, in 2020

Asia-Pacific to Witness Strong Growth in the Office Furniture Market

Asia-Pacific is the fastest-growing region in the global office furniture market. China, Japan, Australia, and India are the top contributing countries in the region. Many key players in the office furniture market are entering partnerships with e-commerce retail stores to strengthen their distribution network. The demand for office furniture increased with an exponential rise in commercial properties and employments in the service sector. An increasing number of start-ups and business expansions is another factor expected to drive the market's growth in the region. The increase in the region is anticipated to be fostered by the rising demand for office leasing and employment. Moreover, the expansion of multinational companies in Asia-Pacific is expected to boost the growth of the office furniture market in the region.

Office Furniture Market Size in Asia-Pacific Region, in USD Million, 2017 - 2020

Office Furniture Industry Overview

The report covers major international players operating in the office furniture market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and tapping new markets.

Office Furniture Market Leaders

  1. Steelcase Inc.

  2. Herman Miller Inc.

  3. Haworth Inc.

  4. HNI Corporation

  5. Okamura Corporation

*Disclaimer: Major Players sorted in no particular order

Office Furniture Market Concentration
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Office Furniture Market News

  • In April 2021, Herman Miller Inc. announced plans to buy competitor Knoll Inc. in a USD 1.8 billion cash-and-stock deal.
  • In April 2021, PPG Industries Ohio Inc, (PPG) announced the introduction of PPG ERGOLUXE powder coatings for metal office furniture. Offering a unique polyester-hybrid technology, the new coatings provide styling and sustainability benefits over traditional liquid or solvent-based coatings for seating solutions, desks, and cabinets.

Office Furniture Market Report - Table of Contents


    1. 1.1 Study Assumptions and Market Definition

    2. 1.2 Scope of the Study




    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Market Opportunities

    5. 4.5 Industry Value Chain Analysis

    6. 4.6 Porters Five Force Analysis

    7. 4.7 Insights on Material Usage in Office Furniture

    8. 4.8 Impact of COVID-19 on the Market


    1. 5.1 Type

      1. 5.1.1 Seating

      2. 5.1.2 Tables

      3. 5.1.3 Storage

      4. 5.1.4 Desks

      5. 5.1.5 Other Office Furniture

    2. 5.2 Distribution Channel

      1. 5.2.1 Home Centers

      2. 5.2.2 Flagship Stores

      3. 5.2.3 Specialty Stores

      4. 5.2.4 Online Stores

      5. 5.2.5 Other Distribution Channels

    3. 5.3 Geography

      1. 5.3.1 North America

      2. 5.3.2 South America

      3. 5.3.3 Europe

      4. 5.3.4 Asia-Pacific

      5. 5.3.5 Middle-East and Africa


    1. 6.1 Market Competition Overview

    2. 6.2 Company Profiles

      1. 6.2.1 Okamura Corporation

      2. 6.2.2 HNI Corporation

      3. 6.2.3 Herman Miller Inc.

      4. 6.2.4 Haworth Inc.

      5. 6.2.5 Global Furniture Group

      6. 6.2.6 Steelcase Inc.

      7. 6.2.7 Knoll Inc.

      8. 6.2.8 Kimball International

      9. 6.2.9 9to5 Seating

      10. 6.2.10 KOKUYO Co. Ltd*

    3. *List Not Exhaustive


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Office Furniture Industry Segmentation

The report on the office furniture market provides a comprehensive evaluation of the market, with an analysis of the segments in the market. Moreover, the report also provides the competitive profile of the key manufacturers, along with their product offerings and revenue analysis. The market is segmented by type (seating, tables, storage, desks, and other office furniture), distribution channel (home centers, flagship stores, specialty stores, online, and other distribution channels), and geography (North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa). The report offers market size and forecasts for the office furniture in value (USD billion) for the above-mentioned segments.

Other Office Furniture
Distribution Channel
Home Centers
Flagship Stores
Specialty Stores
Online Stores
Other Distribution Channels
North America
South America
Middle-East and Africa
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Office Furniture Market Research FAQs

The Office Furniture Market size is expected to reach USD 65.02 billion in 2024 and grow at a CAGR of 6.24% to reach USD 88.00 billion by 2029.

In 2024, the Office Furniture Market size is expected to reach USD 65.02 billion.

Steelcase Inc. , Herman Miller Inc. , Haworth Inc. , HNI Corporation and Okamura Corporation are the major companies operating in the Office Furniture Market.

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).

In 2024, the North America accounts for the largest market share in Office Furniture Market.

In 2023, the Office Furniture Market size was estimated at USD 61.20 billion. The report covers the Office Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Office Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.

The growth opportunities in the Office Furniture Market are a) Growing demand for ergonomic furniture for home offices b) Increasing construction of residences, offices, and commercial complexes

Office Furniture Industry Report

The global office furniture market is experiencing significant growth, driven by evolving workplace designs and the increasing demand for ergonomic and modular furniture solutions aimed at enhancing employee productivity and comfort. As businesses invest in a variety of office furniture, including chairs, tables, and storage units crafted from materials like wood and steel, the market caters to the diverse needs of corporate spaces, co-working spaces, and other commercial establishments. This upward trajectory is fueled by the growing trend of co-working spaces and significant investments in the ICT industry, necessitating well-furnished office spaces for efficient operation. Despite challenges like volatility in raw material costs, the market is poised for further growth, driven by innovations in product design and a focus on creating comfortable and collaborative work environments. The largest office furniture manufacturers are contributing to the market share and revenue growth rate, as highlighted in statistics and analysis provided by Mordor Intelligence™ Industry Reports. With a market forecast outlook indicating a positive trend, stakeholders can gain comprehensive insights into the furniture market's future trajectory and opportunities through detailed furniture market research available as a free report PDF download.

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