Global Contract Furniture Market Price 2024, Forecast To 2033
8 Mar, 2024
The contract furniture market has witnessed robust growth, with its size expected to increase from $59.81 billion in 2023 to $63.61 billion in 2024, at a CAGR of 6.4%. This growth is attributed to corporate office expansions, evolving office design trends, and sustainable practices. Looking ahead, the market is projected to reach $78.93 billion by 2028, with a CAGR of 5.5%, driven by remote work culture and customization trends.
Global Contract Furniture Market Key Driver
Contract furniture market growth is propelled by the rise in commercial spaces worldwide, as evidenced by Commercial Edge's data on office listing rates and vacancy rates in the US.
Get A Free Sample Of The Global Contract Furniture Market ReportGlobal Contract Furniture Market Segments
The contract furniture market covered in this report is segmented –
1) Product Type:Chairs And Stools, Tables And Desks, Storage Furniture, Sofa And Couch, Other Product Types
2) Materials:Upholstered, Non-Upholstered
3) Distribution Channel:Offline, Online
4) End-User:Government, Corporate Offices, Institutional, Healthcare Or Medical Facilities, Hospitality, Other End-Users
By Geography: The countries covered in the contract furniture market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.
North America was the largest region in the contract furniture market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the contract furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
Major Contract Furniture Industry Players
Inter IKEA Systems BV;Herman Miller Inc.; Steelcase Inc.; Haworth Inc.; LA-Z-Boy Inc.; HNI Corporation; Okamura Corporation; Global Furniture Group; Arhaus Inc.; Knoll Inc.; Kimball International; Hooker Furniture; Kinnarps AB; OFS Brands Holdings Inc.; Cabot Wrenn; Teknion Corporation; Pioneer Contract Furniture Ltd.; Keilhauer Industries Ltd.; Allseating Corporation; Allermuir Inc.; Hauser Industries Inc.; Jack Cartwright Inc.; Carlick Contract Furniture Limited; Casala Limited; Modern Line Furniture; Aceray LLC.
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Contract Furniture Market Overview
Contract furniture refers to furniture that is designed and produced expressly for use in commercial or institutional environments. This furniture is used to survive severe use and fulfill the durability, resistance, safety, and quality standards necessary in business settings for promoting practices for the protection of the environment.