Office Furniture Market – United States

Market Statistics

Base Year: 2023

Historical Years: 2018-2023

Forecast Years: 2024-2032

Market Growth Rate: 5.76% (2024-2032)

According to the latest report by IMARC Group, The U.S. office furniture market size is projected to grow at a CAGR of 5.76% from 2024 to 2032. The market is witnessing significant growth, driven by rising demand for ergonomic and multifunctional furniture solutions. The growing trend of remote and hybrid work setups is fueling the need for innovative office furnishings. Increased corporate investments in modernizing workspaces are further boosting the market.

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United States Office Furniture Industry Trends and Drivers:

• Rising Demand for Ergonomic and Customizable Furniture:
• Companies are increasingly focusing on employee well-being and productivity, driving demand for ergonomic office furniture.
  Customizable solutions, including modular furniture, are gaining traction to accommodate flexible setups and hybrid work models.
• Growing Adoption of Modular and Flexible Furniture:
• The shift to hybrid work models is prompting companies to reconfigure office spaces with adaptable and multifunctional furniture.
  Modular furniture is becoming popular as it can easily adapt to different office layouts, supporting the need for versatile work environments.
• Increased Focus on Sustainability:
• Manufacturers are offering eco-friendly office furniture made from recycled materials to meet corporate sustainability goals.
  The demand for sustainable furniture is also driven by consumer preference for environmentally responsible products.
• Rising Popularity of Smart Office Furniture:
• Smart furniture with integrated technology features, such as adjustable height settings, wireless charging stations, and built-in sensors, is gaining momentum.
  These innovations cater to tech-driven offices, enhancing functionality and efficiency.
• Impact of the COVID-19 Pandemic:
• The pandemic has accelerated trends such as the need for safe, hygienic, and comfortable work environments.
  Businesses are now prioritizing furniture that supports these requirements, contributing to the growth of the office furniture market.

Key Market Drivers

• Emphasis on Employee Wellness:
• Companies are recognizing the importance of ergonomics in boosting productivity and reducing workplace injuries.
  Height-adjustable desks, ergonomic chairs, and flexible workstations are becoming essential in modern office spaces.
• Shift to Hybrid Work Models:
• The ongoing transition to hybrid work models requires adaptable and multifunctional furniture solutions.
  Companies are investing in furniture that supports both in-office and remote work environments.
• Commitment to Sustainability:
• Corporations are increasingly adopting sustainable practices, leading to the demand for eco-friendly office furniture.
  Furniture made from materials such as bamboo, recycled metals, and reclaimed wood aligns with broader corporate social responsibility (CSR) initiatives and environmental regulations.
• Rise of Tech-Enabled Office Furniture:
• The integration of digital functionalities such as wireless charging, power outlets, and smart controls is meeting the need for seamless technology integration in the workplace.
  Tech-enabled furniture enhances productivity and employee satisfaction, contributing to market growth.
• Office Real Estate Sector Recovery:
• Post-pandemic recovery of the office real estate sector is bolstering demand for office furniture.
  Businesses are investing in upgrading office spaces to attract and retain talent in a competitive labor market.

The convergence of these factors ensures the sustained expansion of the United States office furniture market, as it continues to evolve to meet changing workplace needs and priorities.

United States Office Furniture Industry Segmentation:

The market report offers a comprehensive analysis of the segments, highlighting those with the largest United States Office Furniture market share. It includes forecasts for the period 2024-2032 and historical data from 2018-2023 for the following segments.

The report has segmented the market into the following categories:

Breakup by Product type:

• Seating
• Systems
• Tables
• Storage Units and File Cabinets
• Overhead Bins
• Others

Breakup by Material Type:

• Wood
• Metal
• Plastic and Fiber
• Glass
• Others

Breakup by Distribution Channel:

• Direct Sales
• Specialist Store
• Non-Specialist Stores
• Online
• Others

Breakup by Price Range:

• Low
• Medium
• High

Breakup by Region:

• Northeast
• Midwest
• South
• West

Competitive Landscape:

• Ashley Furniture Industries Inc.
• Global Furniture Group
• Haworth Inc.
• Herman Miller Inc.
• HNI Corp.
• Kimball International Inc.
• Steelcase Inc.
• Virco Inc.

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United States Office Furniture Market News:

• August 2024: Humanscale launched its first branded online store for refurbished office furniture, aiming to reduce the 17 billion pounds of furniture that end up in landfills in the United States each year.
• June 2024: FURSYS, an office furniture company, showcased its innovative designs at Design Days 2024, held in Chicago.
• September 2023: Ubique Group, a customer-focused merchandiser of furniture and décor in the United States, launched its new range of home office products.

Key highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2024-2032)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Strategic Recommendations
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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