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Office Furniture Market Was Valued at US$ 80671.7 Mn in 2021

Office Furniture Market Was Valued at US$ 80671.7 Mn in 2021 - Coherent Market Insights

Publish In: Nov 11, 2022

Global Office Furniture Market is estimated to be valued at US$ 80671.7 Million in 2021, according to the Global Office Furniture Market Report, by Material Type (Metal, Wood, Plastic and Others), by Product Type (Storage Units, Seating, Desks & Tables, Workstation, and Accessories), by Price Range (Premium, Economic and Medium), by End User (Corporate Offices, Government Offices and Others), by Distribution Channel(Online and Offline), by Region (North America, Europe, Asia-pacific, Latin America, Middle East & Africa), published by Coherent Market Insights.

Global office furniture market was valued at US$ 80671.7 Million in 2021. Office furniture market is expected to register a CAGR of 4.35% over the forecast period (2022–2030), to reach US$ 118141.4 Million by 2030.

The growth of the office furniture market is expected to be driven by increasing adoption of ergonomic chairs. Ergonomic chairs are usually referred to the office chairs, which are designed to provide better posture, comfort, and better lumbar support for the human body. These chairs offer numerous advantages for the employees in terms of improved health, by providing the required back support, better work productivity, and enhanced customizability.

Few organizations across the globe are considering renovation of their offices in the near future with a smaller sitting capacity. Organizations such as Twitter have announced that they expect one-half to two-thirds of their desk workers to remain 'work from home' for an indefinite period of time now. Moreover, IBM did a survey of 25,000 office workers and discovered that 54% of desk workers want to pursue the option of work from home (full time), whereas 75% were comfortable to work either part time or full-time depending on the requirements and 40% felt that their employers should at least have the option of working remotely. Furthermore, employers such as Google and Amazon have started offering up to US$ 1,000 expense reimbursements for home office equipment for ensuring that the employees remain productive working from home as they were in the offices.

To know the latest trends and insights prevalent in this market, click the link below:

Browse 50 market data tables* and 40 figures* on "Global Office Furniture Market” - Forecast to 2030.

Key Trends and Analysis of the Global Vaccine Storage and Packaging Market:

  • Among regions, North America accounted for a significant market share in 2021. Flourishing IT (Information technology) sector in the region is creating substantial opportunities for the office furniture market globally. Moreover, rising awareness about work aesthetics and ergonomics at work places has created enormous growth for the market. These factors are expected to create a lucrative opportunity for the office furniture market growth in the region.
  • The global office furniture market is experiencing an upsurge in demand for eco-friendly furniture, as the consumers are becoming more aware about sustainable living. The office furniture manufacturers are focusing on developing eco-friendly furniture products by procuring the wood from plantations that have a long-term conservation policy and who grow sustainable plants.

Key Takeaways of the Global Vaccine Storage and Packaging Market:

  • Among distribution channel, offline segment held largest revenue share of 84.6% in the global office furniture market in 2021. The segment is expected to continue its dominance over the forecast period, owing to wide availability of furniture shops across the globe.
  • Key players operating in the global office furniture market are focusing on various strategies such new product launches in order to strengthen their market presence and expand their product portfolio. For instance, in June 2021. Teknion Corporation launched the TAKT Cross Chair for commercial and consumers markets in North America.


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