Global Contract Furniture Market Size, Share, Growth Analysis, By Product Type(Seating, storage units), By Distribution Channel(Offline and online)

Description

Global Contract Furniture Market size was valued at USD 140.17 Billion in 2022 and is poised to grow from USD 147.32 Billion in 2023 to USD 219.32 Billion by 2031, at a CAGR of 5.10% during the forecast period (2024-2031).

The global contract furniture market is experiencing rapid growth due to heightened demand for inventive and eco-friendly furniture solutions across commercial, hospitality, education, and healthcare sectors. Varied end-users contribute to this growth, with commercial and hospitality sectors playing pivotal roles. The expansion of new commercial and industrial centers worldwide is anticipated to fuel further demand for contract furniture. Moreover, the hospitality sector is witnessing increased demand due to the rising number of hotels, resorts, and restaurants, along with the burgeoning trend of "bleisure" travel. Educational institutions are significant consumers of contract furniture, driven by an escalating number of schools and a focus on fostering conducive learning environments. Likewise, the healthcare sector is experiencing notable growth, spurred by an aging populace and escalating healthcare expenditure, thus elevating the need for contract furniture in hospitals, clinics, and other healthcare facilities. In essence, the global market is vibrant and expanding, propelled by the continuous emergence of manufacturing hubs, heightened demand for sustainable solutions, and the growth of key industries worldwide.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Contract Furniture Market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Contract Furniture Market Segmental Analysis

Global Contract Furniture Market is segmented on the basis of product type, distribution channel and region. By product type, the Contract Furniture Market is segmented into seating, storage units, tables, and others. By distribution channel, Contract Furniture Market is segmented into offline and online. By region, the Contract Furniture Market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Drivers of the Global Contract Furniture Market

The expansion of the international construction sector, notably in developing economies, fosters a need for contract furniture tailored for use in commercial establishments, corporate offices, and public areas.

Restraints in the Global Contract Furniture Market

The price of raw materials utilized in crafting contract furniture, including wood, metal, and textiles, often exhibits significant volatility, leading to fluctuations that can detrimentally affect profit margins.

Market Trends of the Global Contract Furniture Market

With the rise in the number of individuals spending prolonged hours seated at their desks or workstations, there's an increasing need for furniture that prioritizes comfort, support, and the enhancement of posture and overall health.

Product Code: SQMIG25AH2004

Executive Summary

Market Overview
Wheel of Fortune

Research Methodology

Information Procurement
Secondary & Primary Data Sources
Market Size Estimation
Market Assumptions & Limitations

Parent Market Analysis

Market Overview
Market Size
Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges

Key Market Insights

Technology Analysis
Pricing Analysis
Supply Chain Analysis
Value Chain Analysis
Ecosystem of the Market
IP Analysis
Trade Analysis
Startup Analysis
Raw Material Analysis
Innovation Matrix
Pipeline Product Analysis
Macroeconomic Indicators
Top Investment Analysis
Key Success Factor
Degree of Competition

Market Dynamics & Outlook

Market Dynamics
- Drivers
- Opportunities
- Restraints
- Challenges
Regulatory Landscape
Porters Analysis
- Competitive rivalry
- Threat of Substitute Products
- Bargaining Power of Buyers
- Threat of New Entrants
- Bargaining Power of Suppliers
Skyquest Special Insights on Future Disruptions
- Political Impact
- Economic Impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact

Global Contract Furniture Market by Product Type

Market Overview
Seating
storage units
tables
and others

Global Contract Furniture Market by Distribution Channel

Market Overview
Offline and online

Global Contract Furniture Market Size by Region

Market Overview
North America
- USA
- Canada
Europe
- Germany
- Spain
- France
- UK
- Rest of Europe
Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of Asia-Pacific
Latin America
- Brazil
- Rest of Latin America
Middle East & Africa (MEA)
- GCC Countries
- South Africa
- Rest of MEA

Competitive Landscape

Top 5 Player Comparison
Market Positioning of Key Players, 2021
Strategies Adopted by Key Market Players
Top Winning Strategies
- By Development
- By Company
- By Year
Recent Activities in the Market
Key Companies Market Share (%), 2021

Key Company Profiles

Herman Miller, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Steelcase Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
HNI Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Haworth, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Knoll, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kimball International, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Teknion Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
KI (Krueger International, Inc.)
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Global Furniture Group
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Vitra International AG
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Okamura Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Interface, Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Teknion LLC
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Bernhardt Furniture Company
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
La-Z-Boy Inc.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Humanscale Corporation
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Kinnarps AB
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
Orangebox Limited
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
SIS Human Factors Engineering Ltd.
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments
izzy+
- Company Overview
- Business Segment Overview
- Financial Updates
- Key Developments

Global Contract Furniture Market Size, Share, Growth Analysis, By Product Type(Seating, storage units), By Distribution Channel(Offline and online) - Industry Forecast 2024-2031