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Contract Furniture Market Size By Material (Upholstered Furniture [Plastic, Wood, Metal, Fabric, Foam, Leather], Non-Upholstered Furniture [Plastic, Wood, Metal]), By End-user (Government [Federal Government, State Government, Local Government], Corporate/Office, Educational, Healthcare, Hospitality), By Product Type (Chairs & Stools [Computer Chairs, Conference Chairs, Executive Chairs, Drafting Chairs & Stools, Folding Chairs, Wheel Chairs, Waiting Chairs, Stools, Armchairs, Ottoman Chairs], Tables & Desks [Conference Table, Executive Table, Foldable Desk, Writing/Benches Desk, Dining Table], Storage Cabinets, Sofa), By Distribution Channel (Online, Offline), COVID-19 Impact Analysis, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022–2030

  • Report ID: GMI5330
  • Published Date: Aug 2022
  • Report Format: PDF

Industry Analysis

Global Contract Furniture Market size surpassed USD 58 billion in 2021 and is expected to grow at more than 5% CAGR from 2022 to 2030. The increasing demand for commercial furniture will bolster the industry growth.
 

Contract Furniture Market

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Globalization has pushed many companies to establish their businesses in different parts of the world. This commercial evolution has in turn influenced the urbanization of developing countries, such as India, Indonesia, and others, which has augmented the demand for commercial spaces. As a result of mass necessity by international giants, the product has witnessed a significant uptake in several sectors. Contract furniture provides longevity and heavy use associated with commercial or contract settings, which make them suitable for different settings including offices, lobbies, and other frequented spaces.
 

Governments are playing a major role in boosting contract furniture market growth across various countries to facilitate the commercialization of varied sectors. Increasing uptake of commercial furniture pertaining to the rising number of multinational corporations will also propel the industry statistics. Companies in the business scenario are majorly engaging in strategic collaborations and product range growths to sustain their market presence until 2030.
 

Obligatory third-party protection in spaces may restrain industry progression

Obsolete back-office infrastructure and many closed technology systems are major factors restraining market demand. Additional services in commercial spaces that are hidden from the client’s contract, along with protection from third-party intrusion, have increased the use of closed technology systems and fostered back-office infrastructure. Nonetheless, mergers and acquisitions by key players will fuel the contract furniture market expansion by 2030.
 

Rapid sales of sofas and convertibles to push upholstered furniture market revenue

Global Contract Furniture Market, By Material

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The upholstered contract furniture segment is slated to register 5.5% growth rate and generate revenues worth USD 50 billion by 2030. This material finds extensive usage for making contract furniture due to its wide applicability in convertibles and single sofas, which account for rapid sales.
 

Increasing office construction projects to gain traction

Based on end-user, the corporate or office sector is poised attain 5% gains and is predicted to capture higher than 45% of the market share by 2030. The increasing construction of offices and corporate buildings globally because of the rising demand for operational workspaces will foster contract furniture market growth.
 

High preference for buying furniture offline

Global  Contract Furniture Market, By Distribution Channel

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The distribution of contract furniture through the offline medium accounted for the lion’s share in the market in 2021 and is estimated to be valued for USD 74 billion by 2030. This is the most preferred channel of selling and buying contract furniture as it is a traditional method that is considered to be highly reliable and reachable by consumers.
 

Rapid commercialization to aid revenues in North America

The North America contract furniture market size is anticipated to reach a valuation of around USD 36 billion with holding nearly 27% of the global market share by 2030. The robust presence of manufacturers and high consumption rate of furniture in the region are likely to play a vital role in impacting industry statistics.
 

Another region that may emerge as a key revenue hub is the Asia Pacific. Rising commercial construction in the region will drive the demand for contract furniture in APAC. The regional contract furniture industry size recorded at USD 10.5 billion in 2021 and will witness substantial growth in the coming years.
 

Strategic collaborations to strengthen the industry outlook

Herman Miller, Inc., Haworth Inc., Steelcase Inc., Ashley Furniture Industries, IKEA, Kimball International Inc., Copeland, Hauser Industries Inc., Global Furniture Group, Sedus, Creative Wood, Carlick Contract Furniture Company, Humanscale International Holding Ltd., Kinnarps Ab, and Godrej & Boyce Manufacturing Co., Ltd. are some of the key global contract furniture market players. The firms are majorly focusing on acquiring & collaborating with public and private commercial enterprises. Core companies are working to expand their reach and presence on global platforms. For instance, in July 2021, Herman Miller, a major furniture company, acquired Knoll, Inc. (Knoll), an American office design company, thereby creating a preeminent leader in modern design. The combined company comprises 19 leading brands across 100 countries, 64 showrooms located worldwide, over 50 physical retail locations, and global multi-channel e-commerce capabilities.
 

Impact of COVID-19 on the global market trends

The COVID-19 pandemic halted business operations owing to stringent lockdowns and movement restrictions. However, global expansion efforts of international companies offered players new opportunities to grow significantly in the post-pandemic scenario.
 

This contract furniture market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2018 to 2030 for the following segments:

Market, By Material

  • Upholstered
    • Plastic
    • Wood
    • Metal
    • Fabric
    • Foam
    • Leather
    • Others
  • Non-upholstered
    • Plastic
    • Wood
    • Metal
    • Others

Market, By End-user

  • Government
    • Federal Government
      • Chairs & Stools
        • Computer Chairs
        • Conference Chairs
        • Executive Chairs
        • Drafting Chairs &Stools
        • Folding Chairs
        • Others
      • Tables & Desks
        • Conference Table
        • Executive Table
        • Folding Table
        • Writing Desk
        • Others
      • Storage Cabinets
      • Others
    • State Government
      • Chairs & Stools
        • Computer Chairs
        • Conference Chairs
        • Executive Chairs
        • Drafting Chairs &Stools
        • Folding Chairs
        • Others
      • Tables & Desks
        • Conference Table
        • Executive Table
        • Foldable Desk
        • Writing Desk
        • Others
      • Storage Cabinets
      • Others
    • Local Government
      • Chairs & Stools
        • Computer Chairs
        • Conference Chairs
        • Executive Chairs
        • Drafting Chairs & Stools
        • Folding Chairs
        • Others
      • Tables & Desks
        • Conference Table
        • Executive Table
        • Foldable Desk
        • Writing Desk
        • Others
      • Storage Cabinets
      • Others
  • Corporate/Office
    • Chairs & Stools
      • Computer Chairs
      • Conference Chairs
      • Executive Chairs
      • Drafting Chairs &Stools
      • Folding Chairs
      • Others
    • Tables & Desks
      • Conference Table
      • Executive Table
      • Foldable Desk
      • Writing Desk
      • Others
    • Storage Cabinets
    • Others
  • Educational
    • Chairs & Stools
      • Computer Chairs
      • Conference Chairs
      • Executive Chairs
      • Drafting Chairs &Stools
      • Folding Chairs
      • Others
    • Tables & Desks
      • Conference Table
      • Executive Table
      • Foldable Desk
      • Writing Desk/Benches
      • Others
    • Storage Cabinets
    • Others
  • Healthcare
    • Chairs & Stools
      • Wheelchairs
      • Conference Chairs
      • Executive Chairs
      • Stools
      • Waiting Chairs
      • Others
    • Tables & Desks
      • Conference Table
      • Executive Table
      • Foldable Desk
      • Writing Desk
      • Others
    • Storage Cabinets
    • Others
  • Hospitality
    • Sofa
    • Chairs & Stools
      • Armchairs
      • Conference Chairs
      • Executive Chairs
      • Ottoman Chairs
      • Others
    • Tables & Desks
      • Conference Table
      • Executive Table
      • Dining Desk
      • Others
    • Storage Cabinets
    • Others

Market, By Distribution Channel

  • Online
  • Offline

Market, By Region

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
  • Latin America
    • Brazil
    • Mexico
  • Middle East & Africa
    • Saudi Arabia
    • UAE
    • South Africa

 

Authors: Kiran Pulidindi, Sayan Mukherjee

Frequently Asked Questions (FAQ) :

The size of contract furniture industry valued at over USD 58 billion in 2021 and is set to progress at a CAGR of more than 5% through 2030, says this GMI report

The corporate/office segment is expected to grow at a rate of over 5% from 2022 to 2030 owing to the increasing number of corporate building construction projects globally.

The upholstered furniture segment is set to attain 5.5% gains and generate USD 70 billion revenue by 2030 as a result of rapid sales of convertibles and single sofas globally.

The North America contract furniture market is poised to be worth around USD 36 billion by 2030 as a result of the significant presence of eminent players and high consumption rate of furniture in the region.

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Premium Report Details

  • Base Year: 2021
  • Companies covered: 16
  • Tables & Figures: 636
  • Countries covered: 18
  • Pages: 800

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