Global Office Chairs Market Is Likely To Grow At A CAGR Value Of Around 4.60% By 2028

03-Aug-2022 | Zion Market Research

The global office chairs market size was worth around USD 13,275.10 million in 2021 and is estimated to grow to about USD 17,387.13 million by 2028, with a compound annual growth rate (CAGR) of around 4.60 percent during the forecast period. The report analyzes the office chairs market’s drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the office chairs market.

Office chairs tend to provide a higher level of comfort and flexibility for employees working in offices and industries. Manufacturers' design of a wide range of multifunctional chairs is a critical aspect that generates revenue in the office chair segment. Companies today focus a lot on the latest technology trends that can be incorporated into the design of office chairs for business professionals. Furthermore, growing business demand for furniture products and commercial accommodation is expected to boost demand for global office chairs market. However, high shipping and transportation cost is anticipated to limit the office chairs market during the forecast period.

The global office chairs market is segregated based on product type, application, and region. By product type, the market is divided into cloth office chairs, leather office chairs, and PU office chairs. Among these, the cloth office chairs segment dominates the market, accounting for a significant percentage of global sales due to the increasing working population. By application, the market is bifurcated into enterprise procurement, government procurement, school procurement, and individual procurement. Over the forecast period, the enterprise procurement segment is expected to develop at the fastest rate due to the expansion of companies, and the increased working population worldwide is anticipated to drive the segment growth during the forecast period.

North America is expected to be the leader in revenue generation in the global office chair market, delivered to countries such as the United States and Canada. Manufacturers in the regional market are offering innovative chairs, and brands are investing in developing technology to adjust chairs to different body types. Asia-Pacific is expected to hold a significant share in the global office chair market. Growing business infrastructure and organizations are willing to invest in premium office furniture products for employee comfort promise positive growth in demand. Furthermore, many companies are acquiring e-commerce to ensure products are readily available in the market, which is expected to boost demand for office chairs in the coming years.

Key market players in the global office chairs market include HNI Corporation, Haworth Inc., OKAMURA CORPORATION, UE Furniture Co., Ltd., Kimball Office, TOPSTAR GMBH, UB Office Systems, Bristol, and PSI Seating Ltd.

Recent developments:

  • In November 2020, Kimball International acquired Poppin, Inc., a digital furniture retailer, as part of the company's e-Business strategy to expand brand reach and launch new products across stores.
  • In December 2021, HNI Corporation has completed the acquisition of Design Public Group, a digital organization capable of helping to accelerate businesses' digital footprint. The platform is expected to support various digital and e-commerce initiatives by companies to reach more consumers in the market.

Browse the full Global Office Chairs Market By Product Type (Cloth Office Chair, Leather Office Chair, and PU Office Chair), By Application (Enterprise Procurement, Government Procurement, School Procurement, and Individual Procurement), and By Region - Global and Regional Industry Overview, Market Intelligence, Comprehensive Analysis, Historical Data, and Forecasts 2022 – 2028. Report at https://www.zionmarketresearch.com/report/global-office-chairs-market

Global office chairs market is segmented as follows:

By Product Type

  • Cloth Office Chair
  • Leather Office Chair
  • PU Office Chair

By Application

  • Enterprise Procurement
  • Government Procurement
  • School Procurement
  • Individual Procurement

By Region

  • North America
    • The U.S.
    • Canada
  • Europe
    • France
    • The UK
    • Spain
    • Germany
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Southeast Asia
    • Rest of Asia Pacific
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America
  • Middle East & Africa
    • GCC
    • South Africa
    • Rest of Middle East & Africa

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