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Global Institutional And Office Furniture Report 2025, Forecast To 2034

12 Mar, 2025

How Has The Institutional And Office Furniture Market Size Evolved In Recent Years?

The institutional and office furniture market has seen considerable growth due to a variety of factors.
• The market for institutional and office furniture has been significantly expanding in the last few years. Analysts predict an increase from $244.73 billion in 2024 to $264.98 billion in 2025, with a compound annual growth rate (CAGR) of 8.3%.
The primary factors contributing to this historic growth include the proliferation of corporate offices and enterprises, a heightened emphasis on staff comfort and productivity, the broadening scope of business operations globally, the advancement of sustainable and ecological office protocols, as well as corporate rebranding and image enhancement initiatives.

What Are the Future Growth Projections for the Institutional And Office Furniture Market?

The institutional and office furniture market is expected to maintain its strong growth trajectory in upcoming years.
• The market for institutional and office furniture is anticipated to exhibit robust expansion in the approaching years, reaching a value of $352.14 billion by 2029 with a 7.4% compound annual growth rate (CAGR). This predicted growth during the forecast period is influenced by factors such as the emergence of hybrid work arrangements, the focus on wellness in office layouts, the adoption of sustainable and circular furniture procedures, furniture solutions oriented towards remote work, acoustic furniture introductions, and an emphasis on diversity and inclusion in the workplace. The forecast period is also characterized by key trends such as the incorporation of technology in furniture, acoustic solutions tailored for open-concept offices, customization to enhance brand identity, adaptable furniture for collaborative environments, and designs that promote diversity and inclusivity.

What Are The Leading Drivers Of Growth In The Institutional And Office Furniture Market?

The rise in online shopping is projected to contribute to the expansion of the institutional and office furniture manufacturing market. The ability for manufacturers to offer their products on a broader platform expands their geographic customer base, fueling the growth of the furniture manufacturing market. For example, in India, e-commerce sites have stimulated the growth of furniture manufacturers by giving them greater visibility, even those who were restricted to one geographical area.

What Are The Major Segments Within The Institutional And Office Furniture Market?

The institutional and office furniture market covered in this report is segmented –
1) By Type: Institutional Furniture, Office Furniture
2) By Raw Material: Wood, Plastic, Metal
3) By Distribution Channel: Exclusive Showrooms, Online, Super markets Or Hyper markets, Other Distribution Channels Subsegments:
1) By Institutional Furniture: Classroom Furniture, Library Furniture, Healthcare Furniture, Auditorium Furniture, Cafeteria Furniture
2) By Office Furniture: Desks And Workstations, Office Chairs, Conference Room Furniture, Reception Area Furniture, Storage Solutions

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Which Trends Are Expected To Transform The Institutional And Office Furniture Market?

Furniture companies are beginning to integrate sustainable practices into their production processes as a response to a rising awareness amongst consumers about sustainable living, which has fuelled a surge in demand for eco-friendly furniture. These practises include attempts to lower fuel usage and recycle wood waste. Businesses who produce environmentally friendly furniture secure their wood from sustainable plantations with lasting conservation policies. For example, North American home retailer Crate and Barrel have collaborated with the Tropical Forest Trust to ensure the hardwood used to produce their furniture comes from sustainable plantations committed to long-term conservation. Similarly, Ashley Furniture Industries, Inc. has executed a 'green' initiative which concentrates on the replenishment, recycling and reusing of furniture by utilizing recyclable engineered wood and reducing the waste of raw materials.

Who Are the Key Players in the Institutional And Office Furniture Market?

Major companies operating in the institutional and office furniture market include:
• HON Company
• IKEA
• Steelcase Inc.
• Kokuyo Co. Ltd.
• Okamura Corporation
• Haworth Inc.
• Herman Miller Inc.
• HNI Corporation
• Godrej & Boyce Mfg. Co. Ltd.
• Itoki Corporation
• KI Furniture
• Kimball International
• National Office Furniture
• OFS Brands
• Sedus Stoll AG
• Vitra
• Allsteel Inc
• Wilkhahn Wilkening+Hahne GmbH+Co.
• Teknion
• Clarus Glassboards
• Groupe Lacasse
• Global Furniture Group
• Boss Design
• Nucraft Furniture
• EFG European Furniture Group
• Kinnarps Group
• Bernhardt Design
• Davis Furniture
• Artelite
• Falcon Products
• Fantoni Spa
• Friant
• Girsberger
• Gunlocke Company
• Halcon
• HBF
• HOWE a/s
• Humanscale
• Jasper Group Brands

What Is The Most Dominant Region In The Institutional And Office Furniture Market?

Asia-Pacific was the largest region in the institutional and office furniture market in 2024. Western Europe was the second largest region in the institutional and office furniture market. The regions covered in the institutional and office furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.