US - Office Furniture Market by Product, End-user, Material and Distribution Channel - Forecast and Analysis 2024-2028

Published: Feb 2024

Pages: 168

SKU: IRTNTR40461

Snapshot

US - Office Furniture Market 2024-2028

The US - Office Furniture Market size is forecast to increase by USD 5.68 billion, at a CAGR of 6.92% between 2023 and 2028. The growth of the market depends on several factors such as the growing popularity of ready-to-assemble furniture, the increasing preference for eco-friendly office furniture, and the emergence of online furniture stores

The report offers extensive research analysis on the US - Office Furniture Market, with a categorization based on Product, including seating, table, system, storage unit, and file and overhead bins. It further segments the market by End-user, encompassing commercial and home office. In addition, Material is segmented by wood, metal, and others. Additionally, the report provides Distribution Channel segmentation, covering offline and online. Market size, historical data (2018-2022), and future projections are presented in terms of value (in USD billion) for all the mentioned segments.

What will be the Size of the Market During the Forecast Period?

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Market Key Drivers, Trends, and Challenges

Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Market Driver

One of the key factors driving the market growth is the increasing preference for eco-friendly office furniture. There is an increasing awareness of eco-friendly and green furniture in the Americas. In addition, rising concerns for the preservation of the environment and increasing deforestation worldwide are encouraging furniture manufacturers to adopt green solutions for their products, which are set to impact market growth positively.

Moreover, the market competitors today are considering long-term ecological sustainability while manufacturing furniture products. For example, the wood that is used is sourced from sustainably sourced forests, metals used include a minimum recycled content, and substances or preparations that contain heavy metals or tri-organic contents are not used. Hence, such factors are driving the market growth during the forecast period.

Key Market Trends

A key factor shaping the market growth is the rising customization of office furniture. Office space requirements are designed as per the preferences of the employer. In addition, there is an increased demand for customized office furniture according to their theme and work culture. Furthermore, the customization of office furniture is primarily in terms of its color and size.

Moreover, the growing preference for customized office furniture is expected to help the growth of the regional market in the coming years in terms of value. In addition, customized pieces of furniture leave a positive impact on the employees and help increase their efficiency and creativity. Furthermore, they are also associated with functionality and comfort. Hence, such factors are driving the market growth during the forecast period.

Major Market Challenge

Fluctuation in prices of raw materials is one of the key challenges hindering market growth. The volatility in the costs of raw materials and assembly components used in the manufacturing process of furniture is a key concern that is impeding market growth. In addition, this adversely affects the profit margins of manufacturers and retailers.

Moreover, the cost of raw materials like steel, plastics, textiles, wood particleboard, and cartons has increased considerably. In addition, steel, wood or wood-related products, and aluminum are the most important raw materials used in the manufacture of furniture. Furthermore, the cost of wood particleboard has also increased because of volatility in input and transportation costs as well as continued downsizing of the production capacities of furniture manufacturers. Hence, such factors are hindering the market growth during the forecast period.

Market Customer Landscape

The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Customer Landscape

Who are the Major Market Companies?

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Affordable Interior Systems Inc: The company offers office furniture such as Calibrate private office, Calibrate reception, Height adjustable tables, Day to day collaborative tables, and Multi purpose tables.

The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

Qualitative and quantitative market growth analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

What is the Largest-Growing Segments in the Market?

The seating segment is estimated to witness significant growth during the forecast period. The seating segment of the regional market comprises ergonomic chair stools, swivel and stacking chairs, and benches. In addition, the expansion of office spaces and a rise in the number of employees in the US are expected to fuel the office seating segment.

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The seating segment was the largest segment and was valued at USD 4.02 billion in 2018. Moreover, the latest offerings in the segment include wide, bariatric, deep, and programmable ergonomic seating that enhances the user's comfort level for long hours. In addition, a shift in workspace furniture from formal to informal and the evolution of workspace furniture designs are expected to influence the growth of this market segment. Furthermore, the demand for adjustable tables and chairs is increasing and is expected to fuel the growth of this segment which in turn drives the market growth during the forecast period.

Segment Overview

The market report forecasts market growth by revenue and provides market research and growth analysis of the latest market trends and analysis and growth opportunities from 2018 to 2028.

Product Outlook
- Seating
- Table
- System
- Storage unit and file
- Overhead bins
End-user Outlook
- Commercial
- Home office
Material Outlook
- Wood
- Metal
- Others
Distribution Channel Outlook
- Offline
- Online

US - Office Furniture Market Scope
Report Coverage	Details
Page number	168
Base year	2023
Historic period	2018-2022
Forecast period	2024-2028
Growth momentum & CAGR	Accelerate at a CAGR of 6.92%
Market Growth 2024-2028	USD 5.68 billion
Market structure	Fragmented
YoY growth 2023-2024(%)	5.92
Competitive landscape	Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks
Key companies profiled	Affordable Interior Systems Inc., Alan Desk Business Interiors Inc., Artopex, Ashley Global Retail LLC, Flexsteel Industries Inc., Global Furniture Group, Haworth Inc., HNI Corp., Ideal Office Solutions, Indiana Furniture, Kimball International Inc., Knoll Inc., KOKUYO Co. Ltd., Logiflex, MillerKnoll Inc., Office Direct, Okamura Corp., Panel Systems Unlimited, Steelcase Inc., and Tayco
Market dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this US - Office Furniture Market Research Report?

CAGR of the market during the forecast period
Detailed information on factors that will drive the growth of the US - Office Furniture Market between 2023 and 2028
Precise estimation of the market size and its contribution to the market in focus on the parent market
Accurate market forecast about upcoming market growth and trends and changes in consumer behavior
Growth of the market across the US
Thorough market growth and forecasting analysis of the market’s competitive landscape and detailed information about companies
Comprehensive market analysis and report analysis of factors that will challenge the growth of market companies

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Table of Contents

1 Executive Summary

1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Country Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 05: Executive Summary – Chart on Market Segmentation by End-user
- Exhibit 06: Executive Summary – Chart on Market Segmentation by Material
- Exhibit 07: Executive Summary – Chart on Market Segmentation by Distribution Channel
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics

3 Market Sizing

3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition

3.2 Market segment analysis
- Exhibit 12: Market segments

3.3 Market size 2023

3.4 Market outlook: Forecast for 2023-2028
- Exhibit 13: Chart on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 14: Data Table on US - Market size and forecast 2023-2028 ($ billion)
- Exhibit 15: Chart on US: Year-over-year growth 2023-2028 (%)
- Exhibit 16: Data Table on US: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

4.1 Office furniture market in US 2018 - 2022
- Exhibit 17: Historic Market Size – Data Table on office furniture market in US 2018 - 2022 ($ billion)

4.2 Product Segment Analysis 2018 - 2022
- Exhibit 18: Historic Market Size – Product Segment 2018 - 2022 ($ billion)

4.3 End-user Segment Analysis 2018 - 2022
- Exhibit 19: Historic Market Size – End-user Segment 2018 - 2022 ($ billion)

4.4 Material Segment Analysis 2018 - 2022
- Exhibit 20: Historic Market Size – Material Segment 2018 - 2022 ($ billion)

4.5 Distribution Channel Segment Analysis 2018 - 2022
- Exhibit 21: Historic Market Size – Distribution Channel Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

5.1 Five forces summary
- Exhibit 22: Five forces analysis - Comparison between 2023 and 2028

5.2 Bargaining power of buyers
- Exhibit 23: Chart on Bargaining power of buyers – Impact of key factors 2023 and 2028

5.3 Bargaining power of suppliers
- Exhibit 24: Bargaining power of suppliers – Impact of key factors in 2023 and 2028

5.4 Threat of new entrants
- Exhibit 25: Threat of new entrants – Impact of key factors in 2023 and 2028

5.5 Threat of substitutes
- Exhibit 26: Threat of substitutes – Impact of key factors in 2023 and 2028

5.6 Threat of rivalry
- Exhibit 27: Threat of rivalry – Impact of key factors in 2023 and 2028

5.7 Market condition
- Exhibit 28: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Product

6.1 Market segments
- Exhibit 29: Chart on Product - Market share 2023-2028 (%)
- Exhibit 30: Data Table on Product - Market share 2023-2028 (%)

6.2 Comparison by Product
- Exhibit 31: Chart on Comparison by Product
- Exhibit 32: Data Table on Comparison by Product

6.3 Seating - Market size and forecast 2023-2028
- Exhibit 33: Chart on Seating - Market size and forecast 2023-2028 ($ billion)
- Exhibit 34: Data Table on Seating - Market size and forecast 2023-2028 ($ billion)
- Exhibit 35: Chart on Seating - Year-over-year growth 2023-2028 (%)
- Exhibit 36: Data Table on Seating - Year-over-year growth 2023-2028 (%)

6.4 Table - Market size and forecast 2023-2028
- Exhibit 37: Chart on Table - Market size and forecast 2023-2028 ($ billion)
- Exhibit 38: Data Table on Table - Market size and forecast 2023-2028 ($ billion)
- Exhibit 39: Chart on Table - Year-over-year growth 2023-2028 (%)
- Exhibit 40: Data Table on Table - Year-over-year growth 2023-2028 (%)

6.5 System - Market size and forecast 2023-2028
- Exhibit 41: Chart on System - Market size and forecast 2023-2028 ($ billion)
- Exhibit 42: Data Table on System - Market size and forecast 2023-2028 ($ billion)
- Exhibit 43: Chart on System - Year-over-year growth 2023-2028 (%)
- Exhibit 44: Data Table on System - Year-over-year growth 2023-2028 (%)

6.6 Storage unit and file - Market size and forecast 2023-2028
- Exhibit 45: Chart on Storage unit and file - Market size and forecast 2023-2028 ($ billion)
- Exhibit 46: Data Table on Storage unit and file - Market size and forecast 2023-2028 ($ billion)
- Exhibit 47: Chart on Storage unit and file - Year-over-year growth 2023-2028 (%)
- Exhibit 48: Data Table on Storage unit and file - Year-over-year growth 2023-2028 (%)

6.7 Overhead bins - Market size and forecast 2023-2028
- Exhibit 49: Chart on Overhead bins - Market size and forecast 2023-2028 ($ billion)
- Exhibit 50: Data Table on Overhead bins - Market size and forecast 2023-2028 ($ billion)
- Exhibit 51: Chart on Overhead bins - Year-over-year growth 2023-2028 (%)
- Exhibit 52: Data Table on Overhead bins - Year-over-year growth 2023-2028 (%)

6.8 Market opportunity by Product
- Exhibit 53: Market opportunity by Product ($ billion)
- Exhibit 54: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by End-user

7.1 Market segments
- Exhibit 55: Chart on End-user - Market share 2023-2028 (%)
- Exhibit 56: Data Table on End-user - Market share 2023-2028 (%)

7.2 Comparison by End-user
- Exhibit 57: Chart on Comparison by End-user
- Exhibit 58: Data Table on Comparison by End-user

7.3 Commercial - Market size and forecast 2023-2028
- Exhibit 59: Chart on Commercial - Market size and forecast 2023-2028 ($ billion)
- Exhibit 60: Data Table on Commercial - Market size and forecast 2023-2028 ($ billion)
- Exhibit 61: Chart on Commercial - Year-over-year growth 2023-2028 (%)
- Exhibit 62: Data Table on Commercial - Year-over-year growth 2023-2028 (%)

7.4 Home office - Market size and forecast 2023-2028
- Exhibit 63: Chart on Home office - Market size and forecast 2023-2028 ($ billion)
- Exhibit 64: Data Table on Home office - Market size and forecast 2023-2028 ($ billion)
- Exhibit 65: Chart on Home office - Year-over-year growth 2023-2028 (%)
- Exhibit 66: Data Table on Home office - Year-over-year growth 2023-2028 (%)

7.5 Market opportunity by End-user
- Exhibit 67: Market opportunity by End-user ($ billion)
- Exhibit 68: Data Table on Market opportunity by End-user ($ billion)

8 Market Segmentation by Material

8.1 Market segments
- Exhibit 69: Chart on Material - Market share 2023-2028 (%)
- Exhibit 70: Data Table on Material - Market share 2023-2028 (%)

8.2 Comparison by Material
- Exhibit 71: Chart on Comparison by Material
- Exhibit 72: Data Table on Comparison by Material

8.3 Wood - Market size and forecast 2023-2028
- Exhibit 73: Chart on Wood - Market size and forecast 2023-2028 ($ billion)
- Exhibit 74: Data Table on Wood - Market size and forecast 2023-2028 ($ billion)
- Exhibit 75: Chart on Wood - Year-over-year growth 2023-2028 (%)
- Exhibit 76: Data Table on Wood - Year-over-year growth 2023-2028 (%)

8.4 Metal - Market size and forecast 2023-2028
- Exhibit 77: Chart on Metal - Market size and forecast 2023-2028 ($ billion)
- Exhibit 78: Data Table on Metal - Market size and forecast 2023-2028 ($ billion)
- Exhibit 79: Chart on Metal - Year-over-year growth 2023-2028 (%)
- Exhibit 80: Data Table on Metal - Year-over-year growth 2023-2028 (%)

8.5 Others - Market size and forecast 2023-2028
- Exhibit 81: Chart on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 82: Data Table on Others - Market size and forecast 2023-2028 ($ billion)
- Exhibit 83: Chart on Others - Year-over-year growth 2023-2028 (%)
- Exhibit 84: Data Table on Others - Year-over-year growth 2023-2028 (%)

8.6 Market opportunity by Material
- Exhibit 85: Market opportunity by Material ($ billion)
- Exhibit 86: Data Table on Market opportunity by Material ($ billion)

9 Market Segmentation by Distribution Channel

9.1 Market segments
- Exhibit 87: Chart on Distribution Channel - Market share 2023-2028 (%)
- Exhibit 88: Data Table on Distribution Channel - Market share 2023-2028 (%)

9.2 Comparison by Distribution Channel
- Exhibit 89: Chart on Comparison by Distribution Channel
- Exhibit 90: Data Table on Comparison by Distribution Channel

9.3 Offline - Market size and forecast 2023-2028
- Exhibit 91: Chart on Offline - Market size and forecast 2023-2028 ($ billion)
- Exhibit 92: Data Table on Offline - Market size and forecast 2023-2028 ($ billion)
- Exhibit 93: Chart on Offline - Year-over-year growth 2023-2028 (%)
- Exhibit 94: Data Table on Offline - Year-over-year growth 2023-2028 (%)

9.4 Online - Market size and forecast 2023-2028
- Exhibit 95: Chart on Online - Market size and forecast 2023-2028 ($ billion)
- Exhibit 96: Data Table on Online - Market size and forecast 2023-2028 ($ billion)
- Exhibit 97: Chart on Online - Year-over-year growth 2023-2028 (%)
- Exhibit 98: Data Table on Online - Year-over-year growth 2023-2028 (%)

9.5 Market opportunity by Distribution Channel
- Exhibit 99: Market opportunity by Distribution Channel ($ billion)
- Exhibit 100: Data Table on Market opportunity by Distribution Channel ($ billion)

10 Customer Landscape

10.1 Customer landscape overview
- Exhibit 101: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

11 Drivers, Challenges, and Trends

11.1 Market drivers

11.2 Market challenges

11.3 Impact of drivers and challenges
- Exhibit 102: Impact of drivers and challenges in 2023 and 2028

11.4 Market trends

12 Vendor Landscape

12.1 Overview

12.2 Vendor landscape
- Exhibit 103: Overview on Criticality of inputs and Factors of differentiation

12.3 Landscape disruption
- Exhibit 104: Overview on factors of disruption

12.4 Industry risks
- Exhibit 105: Impact of key risks on business

13 Vendor Analysis

13.1 Vendors covered
- Exhibit 106: Vendors covered

13.2 Market positioning of vendors
- Exhibit 107: Matrix on vendor position and classification

13.3 Affordable Interior Systems Inc.
- Exhibit 108: Affordable Interior Systems Inc. - Overview
- Exhibit 109: Affordable Interior Systems Inc. - Product / Service
- Exhibit 110: Affordable Interior Systems Inc. - Key offerings

13.4 Ashley Global Retail LLC
- Exhibit 111: Ashley Global Retail LLC - Overview
- Exhibit 112: Ashley Global Retail LLC - Product / Service
- Exhibit 113: Ashley Global Retail LLC - Key offerings

13.5 Global Furniture Group
- Exhibit 114: Global Furniture Group - Overview
- Exhibit 115: Global Furniture Group - Product / Service
- Exhibit 116: Global Furniture Group - Key offerings

13.6 Haworth Inc.
- Exhibit 117: Haworth Inc. - Overview
- Exhibit 118: Haworth Inc. - Product / Service
- Exhibit 119: Haworth Inc. - Key offerings

13.7 HNI Corp.
- Exhibit 120: HNI Corp. - Overview
- Exhibit 121: HNI Corp. - Business segments
- Exhibit 122: HNI Corp. - Key offerings
- Exhibit 123: HNI Corp. - Segment focus

13.8 Ideal Office Solutions
- Exhibit 124: Ideal Office Solutions - Overview
- Exhibit 125: Ideal Office Solutions - Product / Service
- Exhibit 126: Ideal Office Solutions - Key offerings

13.9 Indiana Furniture
- Exhibit 127: Indiana Furniture - Overview
- Exhibit 128: Indiana Furniture - Product / Service
- Exhibit 129: Indiana Furniture - Key offerings

13.10 Kimball International Inc.
- Exhibit 130: Kimball International Inc. - Overview
- Exhibit 131: Kimball International Inc. - Product / Service
- Exhibit 132: Kimball International Inc. - Key offerings

13.11 Knoll Inc.
- Exhibit 133: Knoll Inc. - Overview
- Exhibit 134: Knoll Inc. - Business segments
- Exhibit 135: Knoll Inc. - Key offerings
- Exhibit 136: Knoll Inc. - Segment focus

13.12 KOKUYO Co. Ltd.
- Exhibit 137: KOKUYO Co. Ltd. - Overview
- Exhibit 138: KOKUYO Co. Ltd. - Business segments
- Exhibit 139: KOKUYO Co. Ltd. - Key offerings
- Exhibit 140: KOKUYO Co. Ltd. - Segment focus

13.13 MillerKnoll Inc.
- Exhibit 141: MillerKnoll Inc. - Overview
- Exhibit 142: MillerKnoll Inc. - Business segments
- Exhibit 143: MillerKnoll Inc. - Key offerings
- Exhibit 144: MillerKnoll Inc. - Segment focus

13.14 Office Direct
- Exhibit 145: Office Direct - Overview
- Exhibit 146: Office Direct - Product / Service
- Exhibit 147: Office Direct - Key offerings

13.15 Okamura Corp.
- Exhibit 148: Okamura Corp. - Overview
- Exhibit 149: Okamura Corp. - Business segments
- Exhibit 150: Okamura Corp. - Key offerings
- Exhibit 151: Okamura Corp. - Segment focus

13.16 Panel Systems Unlimited
- Exhibit 152: Panel Systems Unlimited - Overview
- Exhibit 153: Panel Systems Unlimited - Product / Service
- Exhibit 154: Panel Systems Unlimited - Key offerings

13.17 Steelcase Inc.
- Exhibit 155: Steelcase Inc. - Overview
- Exhibit 156: Steelcase Inc. - Business segments
- Exhibit 157: Steelcase Inc. - Key offerings
- Exhibit 158: Steelcase Inc. - Segment focus

14 Appendix

14.1 Scope of the report

14.2 Inclusions and exclusions checklist
- Exhibit 159: Inclusions checklist
- Exhibit 160: Exclusions checklist

14.3 Currency conversion rates for US$
- Exhibit 161: Currency conversion rates for US$

14.4 Research methodology
- Exhibit 162: Research methodology
- Exhibit 163: Validation techniques employed for market sizing
- Exhibit 164: Information sources

14.5 List of abbreviations
- Exhibit 165: List of abbreviations

Methodology

Research Framework

Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

INFORMATION SOURCES

Primary sources

Manufacturers and suppliers
Channel partners
Industry experts
Strategic decision makers

Secondary sources

Industry journals and periodicals
Government data
Financial reports of key industry players
Historical data
Press releases

DATA ANALYSIS

Data Synthesis

Collation of data
Estimation of key figures
Analysis of derived insights

Data Validation

Triangulation with data models
Reference against proprietary databases
Corroboration with industry experts

REPORT WRITING

Qualitative

Market drivers
Market challenges
Market trends
Five forces analysis

Quantitative

Market size and forecast
Market segmentation
Geographical insights
Competitive landscape

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Key Questions Answered

What are the key global market and the regional market share?
What are the revenue-generating key market segments?
What are the key factors driving and challenging this market’s growth?
Who are the key market vendors and their growth strategies?
What are the latest trends influencing the growth of this market?
What are the variables influencing the market growth in the primary regions?
What are the factors influencing the growth of the parent market?

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