The U.S. office furniture products market was valued at USD 44.7 billion in 2022 and is expected to grow at a CAGR of 6.5% from 2023 to 2030. The increasing number of corporate and co-working spaces is the major factor driving the market growth. Additionally, rising urbanization and the shift in the work culture towards work-from-home are also playing a pivotal role in increasing the demand for office furniture.

The growing demand for ergonomic furniture is expected to positively impact the market growth. The growing awareness regarding health and fitness among employees is further driving the demand for ergonomic furniture. Furthermore, the growing inclination towards the use of technology-enabled furniture is also expected to drive the market growth. For instance, Steelcase, a Michigan-based office furniture manufacturer, in April 2021, launched the SILQ chair, which uses advanced materials and an intuitive response to the body’s movement.

The growing trend of corporate and co-working spaces is driving the demand for office furniture. The rising number of corporate and co-working spaces has significantly increased the demand for office furniture, as it helps create a productive and aesthetically pleasing workspace. Apart from that, the growing trend of open-plan offices is driving the demand for office furniture, as it helps create an atmosphere of collaboration and improves team productivity.

Moreover, the rising demand for customized office furniture is further driving the market growth. The growing popularity of customized office furniture is attributed to the fact that it helps create a unique and attractive workplace. Additionally, the rising trend of green-building practices is propelling the market growth. The rising number of green buildings, which focus on the efficient use of energy, water, and resources, is further driving the demand for office furniture.

Furthermore, the increasing popularity of online retailing is also driving the market growth. The growing popularity of e-commerce platforms has made it easier for customers to purchase office furniture online. Additionally, the increasing number of promotional offers and discounts on these platforms is further driving the market growth.

The seating segment accounted for the largest market share of 38.9% in 2022. The U.S. office furniture market is driven by factors such as increasing demand for ergonomically designed office chairs, rising trend of open office layouts, and increasing investments in office furniture. According to a survey conducted by the American Optometric Association in 2020, over 73% of office workers spend more than 6 hours seated. Furthermore, the growing trend of home offices and rise in corporate investments in furniture are also driving the market.

The storage segment is anticipated to expand at the fastest CAGR of 6.1% over the forecast period. Growing demand for storage cabinets, bookcases, and filing cabinets is driving the growth of the market. According to a report published by the American Society of Interior Designers, in 2020, over 77% of office workers felt that their office furniture had an impact on their productivity. Furthermore, increasing demand for office furniture with added features such as security and locking systems is boosting the demand for storage furniture.

The office furniture stores segment is anticipated to lead the U.S. office furniture products market with a market share of 45.3% in 2022. Office furniture stores provide a wide variety of furniture products to consumers, ranging from traditional to modern furniture. Furthermore, office furniture stores offer customers the opportunity to test products before purchasing them. This helps customers determine the quality of the product and make an informed decision. The presence of office furniture stores in major cities and the wide variety of products available make them a preferred choice among consumers.

Online retail is expected to witness the highest growth rate over the forecast period. The rise of e-commerce has made it easier for consumers to compare prices, features, and other aspects of office furniture products. The convenience offered by online retail stores, along with attractive discounts and offers, has driven more consumers to shop for office furniture products online. In addition, manufacturers are investing in digital marketing and advertising to promote their products online and gain more customers.

Wood office furniture held the largest revenue share of 70.2% in the year 2022. The growing trend of working from home due to the pandemic has increased the demand for office furniture such as desks and chairs. The easy availability of robust and durable wooden office furniture is also a key factor driving the segment. Additionally, increasing disposable income among the middle-income group and the availability of customized office furniture is further boosting the demand for wood office furniture.

On the other hand, the metal office furniture segment is expected to register the highest CAGR of 9.2% over the forecast period. This can be attributed to the increasing demand for modern office furniture designs. Additionally, factors such as the growing trend of sustainability, cost-effectiveness, and durability are further driving the demand for metal office furniture. Companies such as Steelcase, HNI Corporation, and Herman Miller are offering a wide range of metal office furniture that caters to different needs.

The U.S. office furniture products market is expected to witness the highest growth in the coming years. This can be attributed to the rising demand for ergonomic and technologically advanced furniture, especially in the corporate sector. The presence of prominent office furniture products manufacturers and distributors in the region, such as Herman Miller, Steelcase, and Knoll, is further expected to bolster the growth of the market. Moreover, the increasing focus of manufacturers on developing eco-friendly and sustainable furniture products is expected to drive the market growth in the U.S. region. For instance, in April 2021, Herman Miller launched its new chair, the Sayl Work, which is made out of 93% recycled materials.

In this part of the U.S. office furniture products business plan we will provide a detailed breakdown of all income and expense categories of the business. These forecasts include cash flow projections and capital requirements for your office furniture products business. Usually, these projections are drafted for a 5-year period.

Revenue Assumptions

The main source of revenues for an office furniture products business comes from product sales, such as chairs, desks, filing cabinets, and other office furniture. Here you will find a list with a description of each of them and other possible sources of profit such as rentals, services, and installation.

Projecting Expenses

In this section, all the regular expenses related to keeping the office furniture products business running will be described. The list of operating expenses includes rent, wages, inventory, utilities, insurance policies, advertising, and others.

Some of the key companies operating in the U.S. office furniture market are increasingly focusing on product launches and expansion of the distribution channel to gain prominent visibility among consumers. Some of the initiatives are:

– In June 2022, Steelcase Inc. launched the SILQ chair, a chair designed to encourage natural movement and provide ergonomic comfort.

– In August 2022, Herman Miller Inc. launched the Aeron chair, designed to provide superior comfort and support with its ergonomic design.

– In October 2022, Knoll Inc. launched the Generation chair, designed to provide superior ergonomic support with its adjustable seat and back.

Some of the prominent players in the U.S. office furniture market include:

– Steelcase Inc.
– Herman Miller Inc.
– Knoll Inc.
– HNI Corporation
– Haworth Inc.
– KI Furniture
– Flexsteel Industries, Inc.
– HON Company
– Allsteel Inc.
– Dauphin Group

This report forecasts growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global U.S. office furniture products market based on product, distribution channel, type, and region:

1. Product Outlook (Revenue, USD Million, 2017 – 2030)

– Desks
– Tables
– Chairs
– Cabinets
– Shelving
– Others

2. Distribution Channel Outlook (Revenue, USD Million, 2017 – 2030)

– Supermarkets & Hypermarkets
– Online
– Others

3. Type Outlook (Revenue, USD Million, 2017 – 2030)

– Standard
– Custom

4. Regional Outlook (Revenue, USD Million, 2017 – 2030)

– North America
– Europe
– Asia Pacific
– Central & South America
– Middle East & Africa

[Q]: What are the Key Drivers of the U.S. Office Furniture Products Market?
[A]: The U.S. office furniture products market is mainly driven by factors such as increasing demand for ergonomic furniture, rising urbanization and increasing number of startups, and the growing use of online channels for the purchase of office furniture products. Additionally, the growing demand for furniture with sustainability certifications, such as LEED certification, is also driving the market.

[Q]: Who are the Major Players in the U.S. Office Furniture Products Market?
[A]: Major players in the U.S. office furniture products market include Steelcase Inc., HNI Corporation, Kimball International, Inc., Herman Miller, Inc., Haworth, Inc., KI Furniture, Inc., KI Office Furniture, and Humanscale.

[Q]: What are the Trends in the U.S. Office Furniture Products Market?
[A]: The U.S. office furniture products market is witnessing the emergence of new trends such as the adoption of various materials for furniture, the emergence of modular furniture, the emergence of sit-stand desks, and the adoption of ergonomics in office furniture.

[Q]: What is the Outlook for the U.S. Office Furniture Products Market?
[A]: The U.S. office furniture products market is expected to witness healthy growth over the forecast period. This is due to the increasing demand for ergonomic furniture, rising urbanization and increasing number of startups, and the growing use of online channels for the purchase of office furniture products. Additionally, the growing demand for furniture with sustainability certifications, such as LEED certification, is also expected to drive the market.