U.S. Office Furniture Market Size, Share, Growth Analysis, By Type(Seating, Modular Systems), By Distribution Channel(Online and Offline) - Industry Forecast 2024-2031

The U.S. Office Furniture Market size was valued at around USD 14.74 Billion in 2022 and is expected to rise from USD 15.52 billion in 2023 to reach a value of USD 23.46 Billion by 2031, at a CAGR of 5.3 % over the forecast period (2023-2031).

One of the main reasons driving market expansion is the increasing number of residences, workplaces, and commercial buildings that will be constructed over the course of the forecast period. More people are choosing to work from home or from remote locations, which is increasing demand for home office equipment from retailers and manufacturers. Customers are lured to creative, cozy, and versatile furniture designs since there are so many easy and fast delivery alternatives.

In addition, the rapid growth of IT parks and commercial zones has led to an increase in corporate offices and a corresponding need for modern office furniture. Additionally, companies are establishing casual office spaces to enhance employee communications, collaborative workspaces, and social interactions. Office furniture producers have begun to provide smartly designed furniture as a result of this trend. Aside from that, there has been a surge in demand for smart office furniture that provides internet connectivity and encourages better posture and movement support due to improvements in technology and the growth in health issues caused by employees' sedentary habits. Throughout the forecast period, it is expected that this component will have a significant impact on the demand for office furniture.

In addition, one of the main factors driving the market's growth is the increasing acceptance of the work-from-home (WFH) paradigm brought on by the coronavirus (Covid-19) epidemic. Due to the unexpected spread of the sickness and the state-wide lockdown, many people are still working from home, which is driving up demand for cozy and long-lasting office furniture for home offices.

In order to expand their distribution networks, a number of important firms in the office furniture sector are also teaming up with online retailers. The construction of commercial buildings and employment growth in the service sector coincided with the rise in demand for office furniture. Another element expected to support market expansion is a rise in the number of new companies being established and corporate expansion. It is projected that employment and office space would become more in demand, which will accelerate market growth.

Top-down and bottom-up approaches were used to estimate and validate the size of the U.S. Office 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.

U.S. Office Furniture Market Segmental Analysis

The U.S. Office Furniture Market is segmented based on Product, Distribution Channel and region. Based on Product the market is segmented into Seating, Modular Systems, Desks & Tables, Others. Based on Distribution Channel Online and Offline. Based on region, the U.S. Office Furniture Market is segmented into Northeast, Midwest, South, West and Southwest.

Drivers of the U.S. Office Furniture Market

There's a rising need for office furniture that's comfortable, encourages proper posture, and lowers the chance of strain or injury as more people work long hours at their workstations.

Restraints in the U.S. Office Furniture Market

Office furniture is large and bulky, which increases the cost of transportation and makes it harder for businesses to maintain cheap prices and compete with imported goods.

Market Trends of the U.S. Office Furniture Market

Growing Emphasis on Ergonomics: With more individuals working long hours at their workstations, office furniture ergonomics are receiving increasing attention. Manufacturers are releasing desks and chairs with improved support and comfort features to consumers, lowering the chance of accidents at work and increasing output.

Growth of Remote Work: Many companies have adopted flexible work schedules in response to the COVID-19 epidemic, which has increased the trend towards remote work. The need for modular office solutions and furniture that can be quickly adjusted to various work situations has developed as a result of this.