U.S. Office Furniture Market Size, Share & Trends Analysis Report By Product (Modular System, Seating, Desks & Table), By Distribution Channel (Offline, Online), And Segment Forecasts, 2023 - 2030

Market Segmentation

• U.S. Office Furniture Product Outlook (Revenue, USD Billion, 2017 - 2030)
  • Seating
  • Modular Systems
  • Desks & Tables
  • Others
• U.S. Office Furniture Distribution Channel Outlook (Revenue, USD Billion, 2017 - 2030)
  • Online
  • Offline

U.S. Office Furniture Market Dynamics

Driver: Socio-Economic Factors Propelling The Growth Of Office Spaces

Rapid urbanization has led to a significant change in consumer lifestyles and increase in office space. This factor, supported by long working hours, has resulted in a rise in public and private spending on office infrastructure. Manufacturers focus on developing multifunctional office furniture that provides enhanced comfort during long working hours and facilitates space utilization. Offices that intend to encourage effective employee collaboration to enhance productivity are boosting the demand for modern office furniture. In recent years, office infrastructure has been witnessing a change in furniture layouts, which is driven by the demand for cost-effective and comfortable amenities in the U.S.

Driver: Expanding Business Environment And Rapid Creation Of It Parks And Commercial Zones

The expanding business environment, rapid creation of IT parks, increase in the number of start-ups, corporate expansion, and increasing commercial zones have led to increased demand for office space and employment. The information technology industry continues to be a strong and growing sector. The most important characteristic of technology is the extended impact on the U.S. economy and the job market, which in turn is expected to positively impact the office furniture market in the U.S. Earlier, the tech industry enjoyed unchecked growth and soaring profits as the pandemic forced more people to shop, work, and socialize online. But the nationwide recovery in commercial office real estate fueled by the tech industry is now visible in the Phoenix suburbs. According to CBRE Group, Inc., in the last three quarters of 2021, the tech industry leased 76% more office space in the U.S. than it did a year earlier.

Restraint: Rising Cost Of Raw Material

Raw material costs have risen as a result of the furniture raw material shortage. Polyurethane foam was subjected to product shortages in late 2020 and is now only accessible at record-high prices. Other furniture raw materials including springs, fabrics, board materials, mechanisms, feathers, fiber, and packaging goods have all been increasing, making it difficult to set prices due to constant fluctuations in costs. The office furniture industry relies on wood. Moreover, the increasing demand for wood and architectural grade wood that comes in many finishes and offers combinations that are great for the modern office has also led to an increase in its price. The high cost associated with wooden furniture is hindering market growth.

What Does This Report Include?

This section will provide insights into the contents included in this u.s. office furniture market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

U.S. office furniture market qualitative analysis

• Industry overview

• Industry trends

• Market drivers and restraints

• Market size

• Growth prospects

• Porter’s analysis

• PESTEL analysis

• Key market opportunities prioritized

• Competitive landscape

  • Company overview

  • Financial performance

  • Product benchmarking

  • Latest strategic developments

U.S. office furniture market quantitative analysis

• Market size, estimates, and forecast from 2017 to 2030

• Market estimates and forecast for product segments up to 2030

• Regional market size and forecast for product segments up to 2030

• Market estimates and forecast for application segments up to 2030

• Regional market size and forecast for application segments up to 2030

• Company financial performance