Market Research Future (MRFR) has published on the “Global Office Chairs Market”.
The Office Chairs market is estimated to register a CAGR of 5.40% during the forecast period of 2023 to 2032.
Steelcase, Herman Miller, HNI, Flokk, Haworth Zody, Serta Mid-Back, Alera Elusion, GM Seating, Eurotech, Balt Butterfly, KI, Technion, OFS, Flexsteel Furniture, Virco, and CF group
Office Chairs Market Highlights
The global office chairs market is accounted to register a CAGR of 5.40% during the forecast period and is estimated to reach USD 21.0 Billion by 2032.
The office chairs market is witnessing significant growth, driven by the rise in remote work and the importance of ergonomic designs for enhanced employee comfort and productivity. Innovative features, such as adjustable lumbar support and breathable materials, are gaining popularity among consumers.
Segment Analysis
The global office chairs market has been segmented into product type, material and distribution channel.
On the basis of product type, the market is segmented into ergonomic chairs, executive office chairs, conference chairs, computer chairs, and others. Computer chairs segment dominated the global market in 2022. This is brought on by the expansion of computer operator specialists globally as well as the growing operational and administrative use of computers by businesses and other industries.
Based on material, the global office chairs market has been segmented into mesh, leather, fabric, and plastic. Mesh segment dominated the global office chairs market in 2022. This is due to the fact that mesh office chairs offer working professionals more sitting comfort during their extended workdays in the offices when compared to other office chair selections.
Based on distribution channel, the global office chairs market has been segmented into offline and online. Offline segment dominated the global market in 2022. This is due to the fact that specialty furniture wholesalers are distributed widely around the globe.
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Regional Analysis
The global office chairs market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe Office Chairs market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The Office Chairs market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World Office Chairs market comprises of Middle East, Africa, and Latin America.
The North America office chairs market dominated this market in 2022 (45.80%). The recent increase in population and growing standard of living have given the region's building industry significant potential. Due to growing consumer knowledge of how their choices affect their health, their seating habits, and the environment, there is an ongoing increase in the demand for ergonomic seats in the region.
Moreover, the market for office chairs in Europe is anticipated to increase significantly between 2023 and 2032. This is due to the increased demand for office chairs, particularly ergonomic chairs. Due to the existence of several multinational firms and businesses that need office chairs, the industry is also thriving and is expected to do so in the future.
Additionally, in 2022, the Asia Pacific office chairs market held a sizable market share. It is anticipated that greater investment in the construction industry and the development of smart city initiatives would result in new opportunities for players in the ergonomic chair industry in the upcoming years. The rising per capita income in the developing nations of the Asia Pacific region will also enhance demand.
Furthermore, the rest of the world's office chairs market is divided into the Middle East, Africa, and Latin America. The office chairs market in Latin America is expanding due to the region's growing commercial sector and evolving work culture. With the rise of remote work, ergonomic office chairs with enhanced comfort and productivity features are in demand, encouraging businesses to invest in ergonomic solutions.
Key Findings of the Study
- The global office chairs market is expected to reach USD 21.0 Billion by 2032, at a CAGR of 5.40% during the forecast period.
- The Asia-Pacific region accounted for the fastest-growing global market due to the increased investment in the building sector and the creation of smart city projects.
- Based on distribution channel, the offline segment was attributed to holding the largest market in 2022.
- Steelcase, Herman Miller, HNI, Flokk, Haworth Zody, Serta Mid-Back, Alera Elusion, GM Seating, Eurotech, Balt Butterfly, KI, Technion, OFS, Flexsteel Furniture, Virco, and CF group
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Companies Covered | 15 |
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