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Contract Furniture Market Analysis

Report ID: GMI5330 Published Date: February 2023Report Format: PDF
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Contract Furniture Market Analysis

Contract Furniture Market Revenue Share By Material

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.

Author: Avinash Singh, Sunita Singh
Frequently Asked Question(FAQ) :

Which regional segment is set to emerge as a lucrative business hub by 2032?+

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.

What factors are supporting the growth of the offline segment as a major distribution channel for contract furniture?+

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.

Why is upholstered contract furniture gaining traction?+

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.

How is the contract furniture market doing?+

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.

Who are the key players in the competitive business landscape?+

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

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