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Contract Furniture Market Size By Material (Upholstered, Non-Upholstered), By End-user (Government, Corporate/Office, Educational, Healthcare, Hospitality), By Product Type (Chairs & Stools, Tables & Desks, Storage Cabinets, Sofa), Distribution Channel & Forecast, 2023-2032
  • Report ID: GMI5330
  • Published Date: Feb 2023
  • Report Format: PDF
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Contract Furniture Market Size

Contract Furniture Market size surpassed USD 60 billion in 2022 and is estimated to grow at 5% CAGR from 2023 to 2032. The rapid adoption of ergonomic furniture across commercial and personal working spaces to ensure comfort and efficiency in the working environment will stimulate industry revenue streams.
 

Contract Furniture Market

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Health issues such as joint pain, musculoskeletal problems, back issues, neck pains, and restricted organs have become increasingly prevalent in recent years. These concerns have prompted the concept of ergonomics in the furniture industry to support comfort and function for human use. The increasing awareness about the benefits of maintaining the correct body posture and several organizations deploying such furniture in their office spaces will drive lucrative gains to the contract furniture market.
 

Contract Furniture Market Report Attributes
Report Attributes Details
Base Year:2022
Market Size in 2022:USD 60 Billion
Forecast Period:2023 to 2032
Forecast Period 2023 to 2032 CAGR:5%
2032 Value Projection:USD 104 Billion
Historical Data for:2018 to 2022
No. of Pages:800
Tables, Charts & Figures:632
Segments covered:Material, End-user, Distribution Channel, Application, Region
Growth Drivers:
  • The concept of ergonomics in the contract furniture industry
  • Rise in commercial spaces globally
Pitfalls & Challenges:
  • Obsolete back-office infrastructure and many closed technology system
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Another factor positively influencing the contract furniture market dynamics is the visible surge in demand for commercial furniture, credited to the fast-paced urban migration in the developing economies and the flourishing global trade is encouraging numerous companies to set up their offices in different parts of the world. Driven by the mass furniture requirements of international professional giants, the industry is set to witness noticeable expansion by 2032.
 

Outworn back-office infrastructure to hamper sector growth

Many companies dealing in contract furniture rely on manual accounting processes, which lack real-time insights, are hard to scale, and also involve human errors. Thus, the continued use of traditional accounting techniques may impact market performance during 2023-2032. Moreover, many closed technology systems and outdated back-office infrastructure may further decelerate business progression. However, increasing strategic exchanges among leading players and growing mergers and acquisitions opportunities will strengthen the industry outlook.
 

Contract Furniture Market Analysis

Contract Furniture Market Revenue Share By Material

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The contract furniture market from the upholstered segment is poised to be worth USD 5.5 billion by 2032. The segment growth is credited to the augmenting sales of single sofas and convertibles due to a growing inclination toward home aesthetics and rising consumer expenditure on home furnishing. Besides, the increased emphasis on ensuring comfort in commercial as well as residential settings will further bolster market gains.
 

The contract furniture market from the corporate/office end-use segment is foreseen to observe 5.5% growth between 2023 and 2032. In the corporate sector, furniture not only plays an important role in providing comfort but is also considered critical in maintaining efficiency at the workplace. A number of business organizations considering these new dimensions to ensure employee well-being, increase productivity, enhance brand identity and encourage collaboration will garner the uptake of contract furniture in corporate/offices.
 

Global Contract Furniture Market Revenue Share (%) By End-User

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The offline distribution industry is anticipated to attain 5% gains and amass USD 80 billion in revenue by 2032. This sales channel is a traditional and the most preferred among both consumers and retailers. It enables one-on-one interaction between both parties while making it easier for the retailer to understand the customer's requirements. Besides, shipping and transporting bulk furniture over long distances leads to product damage and high transportation charges, further encouraging the espousal of offline than online.
 

North America Contract Furniture Market Size, 2020- 2032
 

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The North America contract furniture market is slated to witness 5% growth during 2023 to 2032. The growth is primarily attributed to the presence of a significantly good number of manufacturers and high product uptake from the region. Additionally, the remarkable surge in commercial activities and major manufacturing firms focusing on expanding their operations in major regional economies.
 

Contract Furniture Market Share

Leading participatory firms in the contract furniture business are

  • Kimball International Inc.
  • Carlick Contract Furniture Company
  • Herman Miller, Inc.
  • Steelcase Inc.
  • IKEA
  • Copeland
  • Hauser Industries Inc.
  • Creative Wood
  • Ashley Furniture Industries
  • Humscale International Holding Ltd.
  • Haworth Inc.
  • Global Furniture Group
  • Sedus
  • Kinnarps Ab
  • Godrej & Boyce Manufacturing Co., Ltd.

These companies have been putting forth their years of expertise and leveraging advanced technologies to develop new products and expand their consumer base.
 

Impact of COVID-19 pandemic

The COVID-19 pandemic had a moderate impact on the global industry, given the unforeseen closure of several end-use industries and commercial establishments due to stringent lockdown norms. The migration of the office workforce towards remote work reduced product intake in the commercial sector. However, the need to set up a comfortable and healthy working environment at home drove product sales. Furthermore, the implementation of numerous growth strategies by major business behemoths fueled industry demand during the crisis.
 

This market research report on contract furniture includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2018 to 2032 for the following segments:

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Market, By Material

  • Upholstered
    • Plastic
    • Wood
    • Metal
    • Fabric
    • Foam
    • Leather
    • Others
  • Non—upholstered
    • Plastic
    • Wood
    • Metal
    • Others

Market, By End-user

  • Government
    • Federal Government
      • Chairs & Stools
        • Computer Chairs
        • Conference Chairs
        • Executive Chairs
        • Drafting Chairs &Stools
        • Folding Chairs
        • Others
      • Tables & Desks
        • Conference Table
        • Executive Table
        • Folding Table
        • Writing Desk
        • Others
      • Storage Cabinets
      • Others
    • State Government
      • Chairs & Stools
        • Computer Chairs
        • Conference Chairs
        • Executive Chairs
        • Drafting Chairs &Stools
        • Folding Chairs
        • Others
      • Tables & Desks
        • Conference Table
        • Executive Table
        • Foldable Desk
        • Writing Desk
        • Others
      • Storage Cabinets
      • Others
    • Local Government
      • Chairs & Stools
        • Computer Chairs
        • Conference Chairs
        • Executive Chairs
        • Drafting Chairs &Stools
        • Folding Chairs
        • Others
      • Tables & Desks
        • Conference Table
        • Executive Table
        • Foldable Desk
        • Writing Desk
        • Others
      • Storage Cabinets
      • Others
  • Corporate/Office
    • Chairs & Stools
      • Computer Chairs
      • Conference Chairs
      • Executive Chairs
      • Drafting Chairs &Stools
      • Folding Chairs
      • Others
    • Tables & Desks
      • Conference Table
      • Executive Table
      • Foldable Desk
      • Writing Desk
      • Others
    • Storage Cabinets
    • Others
  • Educational
    • Chairs & Stools
      • Computer Chairs
      • Conference Chairs
      • Executive Chairs
      • Drafting Chairs &Stools
      • Folding Chairs
      • Others
    • Tables & Desks
      • Conference Table
      • Executive Table
      • Foldable Desk
      • Writing Desk/Benches
      • Others
    • Storage Cabinets
    • Others
  • Healthcare
    • Chairs & Stools
      • Wheelchairs
      • Conference Chairs
      • Executive Chairs
      • Stools
      • Waiting Chairs
      • Others
    • Tables & Desks
      • Conference Table
      • Executive Table
      • Foldable Desk
      • Writing Desk
      • Others
    • Storage Cabinets
    • Others
  • Hospitality
    • Sofa
    • Chairs & Stools
      • Armchairs
      • Conference Chairs
      • Executive Chairs
      • Ottoman Chairs
      • Others
    • Tables & Desks
      • Conference Table
      • Executive Table
      • Dining Desk
      • Others
    • Storage Cabinets
    • Others

Market, By Distribution Channel

  • Online
  • Offline

Market, By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Avinash Singh, Sunita Singh

Frequently Asked Questions (FAQ) :

The market size of contract furniture market crossed USD 60 billion in 2022 and is expected to register 5% CAGR from 2023 to 2032 owing to the burgeoning demand for ergonomic furniture in personal and commercial working spaces.
The contract furniture market share from the upholstered segment is anticipated to stand at USD 5.5 billion by 2032, given the increasing demand for comfortable and aesthetic furniture items such as ottomans, cushioned chairs, and sofas across the hospitality industry and residential settings.
The industry size from the offline segment is primed to witness 5% growth between 2023 and 2032 as this distribution channel allows better interaction amongst the consumer and retailer offering higher customer reliability and a better after-service experience.
The North America contract furniture industry is poised to observe 5% growth rate through 2032, driven by the rapid commercialization and the presence of several product manufacturers and vendors in the region.
Some of the major participants are Kimball International Inc., Carlick Contract Furniture Company, Herman Miller, Inc., Steelcase Inc., IKEA, Copeland, Hauser Industries Inc., Creative Wood, Ashley Furniture Industries, Humscale International Holding Ltd., amongst others.

Contract Furniture Market Scope

  • Contract Furniture Market Size
  • Contract Furniture Market Analysis
  • Contract Furniture Market Share

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    Premium Report Details

    • Base Year: 2022
    • Companies covered: 12
    • Tables & Figures: 632
    • Countries covered: 18
    • Pages: 800
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