Booming Office Furniture Market Forecast to Value $110.7 Billion by 2031

Meticulous Research®, a leading authority in global market research, proudly announces the release of its latest in-depth report titled, "Office Furniture Market by Product (Chairs, Desks & Tables, Storage, Lounge), Material (Wooden Furniture, Plastic & Fiber Furniture, Resin Furniture), Distribution Channel (Online, Offline), and Geography – Global Forecast to 2031."
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According to this pioneering report, the office furniture market is set to experience extraordinary growth, projected to reach $110.7 billion by 2031, with a robust CAGR of 6.9% from 2024 to 2031. This growth is driven primarily by corporate expansions, the rise of startups, and an increasing demand for ergonomic and aesthetically pleasing work environments to enhance employee productivity. Despite the growing work-from-home trend posing some challenges, the market is seeing significant opportunities with the adoption of ergonomic solutions, particularly ergonomic chairs.
Market Segmentation and Key Highlights:
Product Segmentation:
The market is segmented into chairs, desks & tables, storage, lounge, and other products. The chairs segment is expected to lead, commanding over 53.0% market share in 2024, driven by the focus on ergonomic solutions to prevent musculoskeletal issues and improve workplace aesthetics.
Material Insights:
Segmentation by material includes wooden furniture, metallic furniture, glass furniture, plastic & fiber furniture, and resin furniture. The plastic & fiber furniture segment is anticipated to capture a significant share, surpassing 30.0% in 2024, due to its cost-effectiveness, lightweight nature, and eco-friendly properties.