U.S. Office Furniture Market To Reach $22.24 Billion By 2030

U.S. Office Furniture Market Growth & Trends

The U.S. office furniture market size is anticipated to reach USD 22.24 billion by 2030, registering a CAGR of 5.1% over the forecast period, according to a new report by Grand View Research, Inc. Various factors, such as rising disposable incomes, the real estate industry's growth, the growth of businesses, and consumer demand for luxury & premium furnishings, are driving the market growth. Furthermore, the growing hybrid working culture and the expansion of ed-tech platforms are driving industry growth. Due to social distancing norms, the COVID-19 global pandemic has pushed millions of Americans to work from home. Work-from-home (WFH) has become the norm and is expected to continue for the foreseeable future, making it stressful for working professionals who are not equipped with comfortable office furniture.

During the COVID-19 pandemic, the demand to work and study at home resulted in a surge in office furniture purchases. For example, HOM Furniture, based in Minneapolis, noticed a boost in the category since the stay-at-home orders were implemented. Smaller-scale workstations that can accommodate both laptops and tablets are one of the most popular varieties. Many manufacturers are implementing sustainable manufacturing practices due to rising consumer awareness about the importance of sustainable living, which is driving up demand for eco-friendly furniture. This involves reducing fuel usage and repurposing wood waste. Herman Miller, for example, has pledged to zero waste, 50 percent more local renewables (50,000 MWh), 100% Design for the Environment-approved items, and 125,000 tons of product returned each year.

Furthermore, internet furniture businesses are on the rise to reduce the requirement for rental space and inventory. Some of the most popular e-commerce websites in the U.S. for office furniture include Amazon.com and Wayfair. The increased possibilities for office furniture sales through online channels forced online retailers to strengthen their purchase processes in terms of security and reliability, boosting product demand. Secure transactions, cash-on-delivery alternatives, quick return policies, and integrated & centralized customer service are just a few of the policies that attract consumers to shop online.

 Request a free sample copy or view report summary: U.S. Office Furniture Market Report

U.S. Office Furniture Market Report Highlights

• The market is expected to grow at a CAGR of 5.1% from 2023 to 2030. In recent years, continued expansion in building construction in the commercial segment and rising disposable income levels have fueled product demand in the U.S.

• The seating product segment accounted for the largest share in 2022 and is expected to grow further at a CAGR of 5.3% over the forecast period

• The recent rise in home offices as a result of an increase in remote work has boosted product demand in the region

• With individuals spending more than 8-10 hours a day at work, adequate seating has become increasingly important, hence the rise in ergonomic chair demand recorded in the U.S.

• The online distribution channel segment is expected to have the highest CAGR of 9.6% from 2023 to 2030. Furniture e-commerce has accelerated as a result of the pandemic

• Due to convenience, younger consumers, such as millennials, are more willing to buy products online, even if they can't see and feel the products beforehand. Yardbird, BenchMade Modern, Burrow, Article, and Joybird are a few of the new direct-to-consumer furniture brands

U.S. Office Furniture Market Segmentation

Grand View Research has segmented the U.S. office furniture market on the basis of product, and distribution channel:

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

List of Key Players in the U.S. Office Furniture Market

• Haworth

• Herman Miller Inc.

• HNI Corp.

• Knoll

• Steelcase

• Ashley Furniture Industries Inc.

• Global Furniture Group

• Kimball International Inc.

• Okamura Corp.

• Interior Systems, Inc.