Global Office Furniture Market: Size & Forecasts with Impact Analysis of Covid-19 (2020-2024)

Global Office Furniture Market: Size & Forecasts with Impact Analysis of Covid-19 (2020-2024)

Scope of the Report

Global Office Furniture Market Size from 2020-2024
The report titled titled “Global Office Furniture Market: Size & Forecasts with Impact Analysis of Covid-19 (2020-2024)” includes detailed analysis of the office furniture market by value and segments. This is followed by analysis of the market for regions of Asia Pacific, North America and the US.

The report also assesses the key opportunities in the market and outlines the factors that are and will be driving the growth of the industry.

Growth of the overall global office furniture market has also been forecasted for the period 2020-2024, taking into consideration the previous growth patterns, the growth drivers and the current and future trends. Key players of the office furniture market are Steelcase Inc., Herman Miller Inc., HNI Corporation and Okamura Corporation. These players have been profiled in the report with their financial information and business strategies.

Company Coverage

Steelcase Inc.
Herman Miller Inc.
HNI Corporation
Okamura Corporation

Regional Coverage

North America
Asia Pacific

Executive Summary

The global office furniture market can be segmented on the basis of product type, material and end users. Table and desks, workstations, seatings, overhead bins and storage unit and files are the different office furniture product types. On the basis of material, the market is spilt into wood, fiberglass, plastic and metal. On the basis of end users, the market is divided into enterprise, schools and hospitals.

The global office furniture market is forecasted to grow at healthy rate over the years (2020-2024). Growth in number of start up companies, boom in e-commerce, rapid developing economy and spike in spending of furniture are the growth drivers of the market. Rising costs of raw material and increasing incidence of forest fire are the challenges faced by the market.

Adoption of sustainable production processes, near shore manufacturing, spike in demand for standing desks, growing prominence of ergonomic furniture, smart furniture and office pods are some of the latest trends existing in the market.

The essential catalyst of demand for office furniture, consisting of business sentiment and commercial construction have dried up. Furthermore, businesses are releasing workers off duty due to Covid-19. This sudden spike in unemployment has lowered demand for industry products, as many businesses have ceased expansion into new workspaces atleast for 2020.


1. Executive Summary
2. Introduction
2.1 Furniture: An Overview
2.2 Office Furniture: An Overview
Table 1: Factors Impacting Choice of Office Furniture
2.2.1 Importance of office furniture
2.2.2 Types of Office Furniture
2.3 Office Furniture Market Segments
Table 2: Office Furniture Market Segments
3. Global Market Analysis
3.1 Global Institutional and Office Furniture Market Analysis
3.1.1 Global Institutional and Office Furniture Market by Value
Table 3: Global Institutional and Office Furniture Market by Value; 2015-2019 (US$ Billion)
Table 4: Global Institutional and Office Furniture Market by Value; 2020-2024 (US$ Billion)
3.1.2 Global Institutional and Office Furniture Market by Segments
Table 5: Global Institutional and Office Furniture Market by Segments; 2019 (Percentage,%)
3.2 Global Office Furniture Market Analysis
3.2.1 Global Office Furniture Market by Value
Table 6: Global Office Furniture Market by Value; 2015-2019 (US$ Billion)
Table 7: Global Office Furniture Market by Value; 2020-2024 (US$ Billion)
3.2.2 Global Office Furniture Market by Segment (Office Seatings and Others)
Table 8: Global Office Furniture Market by Segment;2019 (Percentage,%)
3.2.3 Global Office Furniture Seating Market by Value
Table 9: Global Office Furniture Seating Market by Value; 2019-2024 (US$ Billion)
3.2.4 Global Office Furniture Market by Region (Asia Pacific, North America and Rest of the World)
Table 10: Global Office Furniture Market by Region; 2019 (Percentage,%)
4. Regional Analysis
4.1 Asia Pacific Office Furniture Market Analysis
4.1.1 Asia Pacific Office Furniture Market by Value
Table 11: Asia Pacific Office Furniture Market by Value; 2017-2019 (US$ Billion)
Table 12: Asia Pacific Office Furniture Market by Value; 2020-2024 (US$ Billion)
4.2 North America Office Furniture Market Analysis
4.2.1 North America Office Furniture Market by Value
Table 13: North America Office Furniture Market by Value; 2017-2019 (US$ Billion)
Table 14: North America Office Furniture Market by Value; 2020-2024 (US$ Billion)
4.2.2 North America Office Furniture Market by Countries (The US, Canada and Mexico)
Table 15: North America Office Furniture Market by Countries; 2019 (Percentage,%)
4.2.3 The US Office Furniture Market by Value
Table 16: The US Office Furniture Market by Value; 2017-2019 (US$ Billion)
Table 17: The US Office Furniture Market by Value; 2020-2024 (US$ Billion)
5. Impact of Covid-19
5.1 Impact on Global Office Furniture Market
5.1.1 Impact on Office Furniture Companies
Table 18: Impact of Covid-19 on Revenues of Major Players (US$ Million)
5.1.2 Opportunities for Home Office Furniture
6. Market Dynamics
6.1 Growth Drivers
6.1.1 Growth in Number of Start-Ups
Table 19: Number of Startups in India; 2015-2019
6.1.2 Boom in E-Commerce
6.1.3 Rapidly Growing Economy
6.1.4 Heightened Spending on Furniture
6.2 Challenges
6.2.1 Rising Costs of Raw Materials
6.2.2 Increasing Incidence of Forests Fires
6.3 Market Trends
6.3.1 Adoption of Sustainable Production Approaches
6.3.2 Near Shore Manufacturing
6.3.3 Spike in Demand of Standing Desks
6.3.4 Growing Prominence of Ergonomic Furniture
6.3.5 Smart Office Furniture
6.3.6 Office Furniture Pods
7. Competitive Landscape
7.1 Global Office Furniture Market Players Financial Comparison
Table 20: Global Office Furniture Market Players Financial Comparison; 2019
(US$ Billion)
8. Company Profiles
8.1 Steelcase Inc.
8.1.1 Business Overview
8.1.2 Financial Overview
Table 21: Steelcase Revenues; 2016-2020 (US$ Billion)
Table 22: Steelcase Revenue by Segment; 2020 (Percentage,%)
8.1.3 Business Strategy
8.2 Herman Miller Inc.
8.2.1 Business Overview
8.2.2 Financial Overview
Table 23: Herman Miller, Inc. Net Sales 2016-2020 (US$ Billion)
Table 24: Herman Miller, Inc. Net Sales by Segment; 2020 (Percentage,%)
8.2.3 Business Strategy
8.3 HNI Corporation
8.3.1 Business Overview
8.3.2 Financial Overview
Table 25: HNI Corporation Net Sales 2015-2019 (US$ Billion)
Table 26: HNI Corporation Net Sales by Segment; 2019 (Percentage,%)
8.3.3 Business Strategy
8.4 Okamura Corporation
8.4.1 Business Overview
8.4.2 Financial Overview
Table 27: Okamura Net Sales 2015-2019 (US$ Billion)
Table 28: Okamura Net Sales by Segments; 2019 (Percentage,%)
8.4.3 Business Strategy

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