United States Office Furniture Market Trends, Share, Size, Demand, Revenue and Future Outlook
United States Office Furniture Market Growth, Size, Trends Analysis- By Product, By Distribution Channel- Regional Outlook, Competitive Strategies and Segment Forecast to 2033
| Published: Oct-2024 | Report ID: FMCG24169 | Pages: 1 - 106 | Formats*: |
| Category : Consumer & Retail | |||
United States Office Furniture Market Introduction and Overview
According to SPER Market Research, the United States Office Furniture Market is estimated to reach USD 26.02 billion by 2033 with a CAGR of 6.13%.
The report includes an in-depth analysis of the United States Office Furniture Market, including market size and trends, product mix, applications, and supplier analysis. The office furniture includes a wide range of big and little items of equipment that enhance the overall feel and atmosphere of the business. Office chairs, tables, and storage units are the most in-demand items. Depending on the design and specifications, they can be made from steel, wood, and other materials. Products can be sold both online and offline, depending on the quantity and practicality requirements of the customer.
- Steelcase and the Frank Lloyd Wright Foundation unveiled their first range of home office furniture in January 2023, following a collaboration announced last year.
- January 2023: Kokuyo Co Ltd and Allsteel formed a partnership to offer Kokuyo with office furniture for global clients in the Asia-Pacific area, as well as Allsteel in North America.
Market Opportunities and Challenges
Opportunities
- Growing Integration of Technology: The creation of creative office furniture is one key area of possibility. The demand for furniture with electronic characteristics is growing as businesses embrace digital transformation. Desks with integrated USB connections, wireless charging pads, and smart desk panels that automatically monitor and modify ergonomic settings are a few examples. These developments meet the tech-savvy demands of today's workforce while also improving convenience.
- This trend is further supported by the rise in remote and hybrid work arrangements. More and more, home office setups need furniture that is compatible with technology and can hold a variety of devices and equipment. These include computer display stands that can be adjusted, modular parts that work well with home technology, and workstations that have cable management systems to keep cables neat.
Challenges: The US office furniture business is severely constrained by sustainability issues and environmental laws, which affect both suppliers and buyers. Changes in material sourcing, product design, and production methods are being driven by these rules and concerns, which frequently result in higher costs and complexity for businesses. Manufacturers are required by strict environmental requirements to comply with particular criteria concerning energy use, waste management, and emissions. To comply with these requirements and lessen the impact on the environment, investments in new technology and procedures are frequently necessary. Adopting waste recycling programs or greener production methods, for example, can be expensive and time-consuming. The cost of office furniture may increase as a result of these additional expenses being passed on to customers.
Market Competitive Landscape
The US office furniture market is fragmented and extremely competitive. Some of the market's significant companies are HNI Corp, Kimball International Inc, Knoll Inc. Steelcase Inc, and Teknion Corp. To be competitive in this industry, players are developing product and service extensions such as furniture installations, extended warranty and guarantee, and the launch of new, collaborative, and multifunctional items.
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 Product, By Distribution Channel |
| Regions covered | Northeast, South, Midwest, West |
| Companies Covered | Herman Miller, HNI Corp, Steelcase, Haworth, Knoll, Ashley Furniture Industries Inc, Global Furniture Group, Kimball International Inc, Okamura Corp, Interior Systems, Inc. |
COVID-19 Impact on United States Office Furniture Market
The Covid-19 pandemic had a significant impact on the U.S. furniture market. With widespread lockdowns and social distancing tactics, traditional brick-and-mortar furniture businesses saw a drop in foot traffic. However, internet furniture sales increased during this time as people sought to decorate their houses for work-from-home situations and recreational activities. Furthermore, the pandemic increased demand for ergonomic office furniture as remote work became the norm.
Key Target Audience
- Corporate Offices
- Small and Medium Enterprises (SMEs)
- Startups and Co-working Spaces
- Government Agencies
- Educational Institutions
- Healthcare Facilities
- Hospitality Industry (Hotels and Resorts)
- Home Office Workers
- Retail Chains and Showrooms
- Architectural and Interior Design Firms
- Commercial Real Estate Developers
- Non-profit Organizations
- Financial Institutions
Our in-depth analysis of the United States Office Furniture Market includes the following segments:
| By Product: | |
| By Distribution Channel: | |
| By Region: |
Key Topics Covered in the Report
- United States Office Furniture Market Size (FY’2024-FY’2033)
- Overview of United States Office Furniture Market
- Segmentation of United States Office Furniture Market By Product (Modular System, Seating, Desks & Table)
- Segmentation of United States Office Furniture Market By Distribution Channel (Offline, Online)
- Statistical Snap of United States Office Furniture Market
- Expansion Analysis of United States Office Furniture Market
- Problems and Obstacles in United States Office Furniture Market
- Competitive Landscape in the United States Office Furniture Market
- Impact of COVID-19 and Demonetization on United States Office Furniture Market
- Details on Current Investment in United States Office Furniture Market
- Competitive Analysis of United States Office Furniture Market
- Prominent Players in the United States Office Furniture Market
- SWOT Analysis of United States Office Furniture Market
- United States 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 source
2.1.1. Secondary Data2.1.2. Primary Data2.1.3. SPER’s internal database2.1.4. Premium insight from KOL’s
2.2. Market size estimation
2.2.1. Top-down and Bottom-up approach
2.3. Data triangulation
3. Executive Summary
4. Market Dynamics
4.1. Driver, Restraint, Opportunity and Challenges analysis
4.1.1. Drivers4.1.2. Restraints4.1.3. Opportunities4.1.4. Challenges
4.2. COVID-19 Impacts of the United States Office Furniture Market.
5. Market variable and outlook
5.1. SWOT Analysis
5.1.1. Strengths5.1.2. Weaknesses5.1.3. Opportunities5.1.4. Threats
5.2. PESTEL Analysis
5.2.1. Political Landscape5.2.2. Economic Landscape5.2.3. Social Landscape5.2.4. Technological Landscape5.2.5. Environmental Landscape5.2.6. Legal Landscape
5.3. PORTER’s Five Forces
5.3.1. Bargaining power of suppliers5.3.2. Bargaining power of buyers5.3.3. Threat of Substitute5.3.4. Threat of new entrant5.3.5. Competitive rivalry
5.4. Heat Map Analysis
6. Competitive Landscape
6.1. United States Office Furniture Market Manufacturing Base Distribution, Sales Area, Product Type6.2. Mergers & Acquisitions, Partnerships, Product Launch, and Collaboration in United States Office Furniture Market
7. United States Office Furniture Market, By Product (USD Million) 2020-2033
7.1. United States Office Furniture Market Size, Share and Forecast, By Product, 2020-20267.2. United States Office Furniture Market Size, Share and Forecast, By Product, 2027-20337.3. Seating7.4. Modular Systems7.5. Desks & Tables7.6. Others
8. United States Office Furniture Market, By Distribution Channel USD Million) 2020-2033
8.1. United States Office Furniture Market Size, Share and Forecast, By Distribution Channel, 2020-20268.2. United States Office Furniture Market Size, Share and Forecast, By Distribution Channel, 2027-20338.3. Online8.4. Offline
9. United States Office Furniture Market Forecast, 2020-2033 (USD Million)
9.1. United States Office Furniture Market Size and Market Share
10. United States Office Furniture Market, By Region, 2020-2033 (USD Million)
10.1. United States Office Furniture Market Size and Market Share By Region (2020-2026)10.2. United States Office Furniture Market Size and Market Share By Region (2027-2033)10.3. Northeast10.4. South10.5. Midwest10.6. West
11. Company Profile
11.1. Herman Miller
11.1.1. Company details11.1.2. Financial outlook11.1.3. Product summary11.1.4. Recent developments
11.2. HNI Corporation
11.2.1. Company details11.2.2. Financial outlook11.2.3. Product summary11.2.4. Recent developments
11.3. Steelcase
11.3.1. Company details11.3.2. Financial outlook11.3.3. Product summary11.3.4. Recent developments
11.4. Haworth
11.4.1. Company details11.4.2. Financial outlook11.4.3. Product summary11.4.4. Recent developments
11.5. Knoll
11.5.1. Company details11.5.2. Financial outlook11.5.3. Product summary11.5.4. Recent developments
11.6. Ashley Furniture Industries Inc
11.6.1. Company details11.6.2. Financial outlook11.6.3. Product summary11.6.4. Recent developments
11.7. Global Furniture Group
11.7.1. Company details11.7.2. Financial outlook11.7.3. Product summary11.7.4. Recent developments
11.8. Kimball International Inc
11.8.1. Company details11.8.2. Financial outlook11.8.3. Product summary11.8.4. Recent developments
11.9. Okamura Corp
11.9.1. Company details11.9.2. Financial outlook11.9.3. Product summary11.9.4. Recent developments
11.10. Interior Systems, Inc
11.10.1. Company details11.10.2. Financial outlook11.10.3. Product summary11.10.4. Recent developments
11.11. Others
12. Conclusion
13. List of Abbreviations
14. Reference Links
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
United States Office Furniture Market is projected to reach USD 26.02 billion by 2033, growing at a CAGR of 6.13% during the forecast period.
United States Office Furniture Market grew in Market size from 2022. The Market is expected to reach USD 26.02 billion by 2033, at a CAGR of 6.13% during the forecast period.
United States Office Furniture Market CAGR of 6.13% during the forecast period.
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United States Office Furniture Market size is USD 26.02 billion from 2024 to 2033.
United States Office Furniture Market Segment is covered By Product, By Distribution Channel.
The North America is anticipated to have the highest Market share in the United States Office Furniture Market.
The key players in the Market include Companies Covered Herman Miller, HNI Corp, Steelcase, Haworth, Knoll, Ashley Furniture Industries Inc, Global Furniture Group, Kimball International Inc, Okamura Corp, Interior Systems, Inc.
The office furniture includes a wide range of big and little items of equipment that enhance the overall feel and atmosphere of the business.
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