Asia Pacific Office Furniture Market Growth, Size, Trends, Demand, Revenue and Future Outlook
Asia Pacific Office Furniture Market Size- By Material, By Product, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Apr-2024 | Report ID: FMCG2494 | Pages: 1 - 152 | Formats*: |
| Category : Consumer & Retail | |||
Asia Pacific Office Furniture Market Introduction and Overview
According to SPER Market Research, the Asia Pacific Office Furniture Market is estimated to reach USD 147.36 Billion by 2033 with a CAGR of 7.1%.
The report includes an in-depth analysis of the Asia Pacific Office Furniture Market, including market size and trends, product mix, applications, and supplier analysis. Office furniture is free-standing furniture that is used in an office or at home to create a comfortable, functional, and organised work environment. It does not require installation or component parts. Examples include desks, seats, file cabinets, tables, lounge seating, and computer desks.
- In March 2023, JIECANG introduced a new line of lifting system goods with the subject "BE AGILE. BE READY". The product line includes electric standing desk solutions, movable flip standing desk solutions, telephone booth lifting systems and television lifting systems.
- In March 2023, Hermer Miller introduced the Passport Work Table, a compact and movable height-adjustable workstation designed for home and hybrid work situations. The Passport Work Table is a laptop desk featuring a pneumatic lifting system that allows the user to raise or lower the work surface using an under-desk lever without the need for power.
Market Opportunities and Challenges
The Asia Pacific office furniture market is predicted to rise significantly due to an increase in the working population. The Asia Pacific region's demand for office furniture is being driven mostly by economic growth and improved working conditions. Furthermore, the expansion of regional corporate offices is likely to have a beneficial impact on the Asia-Pacific office furniture market. China and India are the region's leading markets. The Asia Pacific region's demand for office furniture is being driven mostly by economic growth and improved working conditions. Rapid economic growth in countries such as China, India, and Southeast Asia has resulted in increased demand for office space. The demand for technology integration in office furniture, such as smart desks and charging stations, is fueling innovation.
The Asia Pacific office furniture market has a number of constraints that limit its growth and development. One key obstacle is the increasingly competitive scene, which sees multiple domestic and international businesses competing for market share. Furthermore, volatility in raw material pricing and supply chain disruptions present issues for producers, affecting production costs and delivery delays. Furthermore, compliance with severe environmental rules and sustainability requirements is additional barrier, requiring firms to invest in environmentally friendly procedures and materials. Furthermore, changing workplace trends and preferences necessitate continual innovation and adaptation, adding complexity to product development and marketing tactics. Addressing these problems effectively is critical to the Asia Pacific office furniture market's long-term growth and competitiveness.
Market Competitive Landscape
The Asia-Pacific market is extremely competitive, with many manufacturers and suppliers contending for market dominance. This research includes major global companies that operate in the Asia-Pacific office furniture business. The market for modular workplaces is rising as more innovative designs emerge. Some of the industry's largest competitors currently have the majority of market share. Mid-size and smaller enterprises, on the other hand, are increasing their market presence by winning new contracts and entering new markets as a result of technological advancements and product innovation. The major key players in the Asia Pacific Office Furniture Market are: Fursys Inc., Haworth Inc., Herman Miller, Inc., Hyundai Livart Co., Ltd., Itoki Corporation, KOKUYO Co., Ltd., MillerKnoll, Inc., OKAMURA CORPORATION, Steelcase Inc., SUNO FURNITURE, Others.
Scope of the Report:
| Report Metric | Details |
| Market size available for years | 2020-2033 |
| Base year considered | 2023 |
| Forecast period | 2024-2033 |
| Segments covered | By Material, By Product, By Distribution Channel |
| Regions covered | China, Japan, India, ASEAN, Australia, Others |
| Companies Covered | Fursys Inc., Haworth Inc., Herman Miller, Inc., Hyundai Livart Co., Ltd., Itoki Corporation, KOKUYO Co., Ltd., MillerKnoll, Inc., OKAMURA CORPORATION, Steelcase Inc., SUNO FURNITURE, Others |
COVID-19 Impact on Asia Pacific Office Furniture Market
The COVID-19 epidemic had a substantial impact on the Asia-Pacific office furniture market, as remote work and social distancing measures slowed demand for traditional office furniture. However, it has expedited trends such as home office furniture and technological integration in design. Companies prioritised ergonomic home office solutions for remote workers, resulting in increased demand for small, versatile furniture for residential areas. Technology integration, such as video conferencing capabilities, became critical for remote communication. As offices eventually reopen, the market expects a comeback, fueled by mixed work arrangements. These models, which combine remote and in-office work, will increase demand for adaptable and versatile furniture options.
Key Target Audience:
- Office Furniture Manufacturers
- Office Furniture Retailers
- Interior Designers and Architects
- Commercial Real Estate Developers
- Corporate Offices and Businesses
- Government Agencies
- Educational Institutions
- Others
Our in-depth analysis of the Asia Pacific Office Furniture Market includes the following segments:
| By Material: |
|
| By Product: |
|
| By Distribution Channel: |
|
Key Topics Covered in the Report:
- Asia Pacific Office Furniture Market Size (FY’2024-FY’2033)
- Overview of Asia Pacific Office Furniture Market
- Segmentation of Asia Pacific Office Furniture Market By Material (Fibre, Glass, Metal, Plastic, Wood, Others)
- Segmentation of Asia Pacific Office Furniture Market By Product (Overhead Bins, Seating, Storage Units and File Cabinets, Systems, Tables, Others)
- Segmentation of Asia Pacific Office Furniture Market By Distribution Channel (Offline, Online)
- Statistical Snap of Asia Pacific Office Furniture Market
- Expansion Analysis of Asia Pacific Office Furniture Market
- Problems and Obstacles in Asia Pacific Office Furniture Market
- Competitive Landscape in the Asia Pacific Office Furniture Market
- Impact of COVID-19 and Demonetization on Asia Pacific Office Furniture Market
- Details on Current Investment in Asia Pacific Office Furniture Market
- Competitive Analysis of Asia Pacific Office Furniture Market
- Prominent Players in the Asia Pacific Office Furniture Market
- SWOT Analysis of Asia Pacific Office Furniture Market
- Asia Pacific Office Furniture Market Future Outlook and Projections (FY’2024-FY’2033)
- Recommendations from Analyst
1. Introduction
1.1. Scope of the report1.2. Market segment analysis
2. Research Methodology
2.1. Research data source2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s2.2. Market size estimation2.2.1. Top-down and Bottom-up approach2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges4.2. COVID-19 Impacts of the Asia Pacific Office Furniture Market
5. Market variable and outlook
5.1. SWOT Analysis5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats5.2. PESTEL Analysis5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape5.3. PORTER’s Five Forces5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry5.4. Heat Map Analysis
6. Competitive Landscape
7. Asia Pacific Office Furniture Market, By Material (USD Million) 2020-20336.1. Asia Pacific Office Furniture Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in Asia Pacific Office Furniture Market
7.1. Asia Pacific Office Furniture Market Size, Share and Forecast, By Material, 2020-20267.2. Asia Pacific Office Furniture Market Size, Share and Forecast, By Material, 2027-20337.3. Fibre7.4. Glass7.5. Metal7.6. Plastic7.7. Wood7.8. Others
8. Asia Pacific Office Furniture Market, By Product (USD Million) 2020-2033
8.1. Asia Pacific Office Furniture Market Size, Share and Forecast, By Product,2020-20268.2. Asia Pacific Office Furniture Market Size, Share and Forecast, By Product,2027-20338.3. Overhead Bins8.4. Seating8.5. Storage Units and File Cabinets8.6. Systems8.7. Tables8.8. Others
9. Asia Pacific Office Furniture Market, By Distribution Channel (USD Million) 2020-2033
9.1. Asia Pacific Office Furniture Market Size, Share and Forecast, By Distribution Channel,2020-20269.2. Asia Pacific Office Furniture Market Size, Share and Forecast, By Distribution Channel, 2027-20339.3. Offline9.4. Online
10. Asia Pacific Office Furniture Market Forecast, 2020-2033 (USD Million)
10.1. Asia Pacific Office Furniture Market Size and Market Share
11. Asia Pacific Office Furniture Market, By Region, 2020-2033 (USD Million)
11.1. Asia Pacific Office Furniture Market Size and Market Share By Region (2020-2026)11.2. Asia Pacific Office Furniture Market Size and Market Share By Region (2027-2033)11.3. China11.4. Japan11.5. India11.6. ASEAN11.7. Australia11.8. Others
12. Company Profile
12.1. Fursys Inc12.1.1. Company details12.1.2. Financial outlook12.1.3. Product summary12.1.4. Recent developments12.2. Haworth Inc12.2.1. Company details12.2.2. Financial outlook12.2.3. Product summary12.2.4. Recent developments12.3. Herman Miller, Inc12.3.1. Company details12.3.2. Financial outlook12.3.3. Product summary12.3.4. Recent developments12.4. Hyundai Livart Co., Ltd12.4.1. Company details12.4.2. Financial outlook12.4.3. Product summary12.4.4. Recent developments12.5. Itoki Corporation12.5.1. Company details12.5.2. Financial outlook12.5.3. Product summary12.5.4. Recent developments12.6. KOKUYO Co., Ltd12.6.1. Company details12.6.2. Financial outlook12.6.3. Product summary12.6.4. Recent developments12.7. MillerKnoll, Inc12.7.1. Company details12.7.2. Financial outlook12.7.3. Product summary12.7.4. Recent developments12.8. OKAMURA CORPORATION12.8.1. Company details12.8.2. Financial outlook12.8.3. Product summary12.8.4. Recent developments12.9. Steelcase Inc12.9.1. Company details12.9.2. Financial outlook12.9.3. Product summary12.9.4. Recent developments12.10. SUNON FURNITURE12.10.1. Company details12.10.2. Financial outlook12.10.3. Product summary12.10.4. Recent developments12.11. Others
13. List of Abbreviations
14. Reference Links
15. Conclusion
16. Research Scope
SPER Market Research’s methodology uses great emphasis on primary research to ensure that the market intelligence insights are up to date, reliable and accurate. Primary interviews are done with players involved in each phase of a supply chain to analyze the market forecasting. The secondary research method is used to help you fully understand how the future markets and the spending patterns look likes.
The report is based on in-depth qualitative and quantitative analysis of the Product Market. The quantitative analysis involves the application of various projection and sampling techniques. The qualitative analysis involves primary interviews, surveys, and vendor briefings. The data gathered as a result of these processes are validated through experts opinion. Our research methodology entails an ideal mixture of primary and secondary initiatives.
Frequently Asked Questions About This Report
Asia Pacific Office Furniture Market is projected to reach USD 147.36 billion by 2033, growing at a CAGR of 7.1% during the forecast period.
Asia Pacific Office Furniture Market grew in market size from 2024. The Market is expected to reach USD 147.36 billion by 2033, at a CAGR of 7.1% during the forecast period.
Asia Pacific Office Furniture Market CAGR of 7.1% during the forecast period.
You can get the sample pages by clicking the link -Click Here
Asia Pacific Office Furniture Market size is USD 147.36 billion from 2024 to 2033.
Asia Pacific Office Furniture Market Segment is Covered By Material, By Product, By Distribution Channel
The Asia Pacific region is anticipated to have the highest market share in Asia Pacific Office Furniture Market .
The key players in the market include Companies Covered Fursys Inc., Haworth Inc., Herman Miller, Inc., Hyundai Livart Co., Ltd., Itoki Corporation, KOKUYO Co., Ltd., MillerKnoll, Inc., OKAMURA CORPORATION, Steelcase Inc., SUNO FURNITURE, Others
The Asia Pacific region's demand for office furniture is being driven mostly by economic growth and improved working conditions.
PLACE AN ORDER
Year End Discount
Sample Report
Pre-Purchase Inquiry
NEED CUSTOMIZATION?
Request CustomizationCALL OR EMAIL US
100% Secure Payment
Related Reports
Have a glance of the Report
Our Global Clients
Our data-driven insights have influenced the strategy of 200+ reputed companies across the globe.
