Market Size in 2021 | Market Forecast in 2028 | CAGR (in %) | Base Year |
---|---|---|---|
USD 13.28 Billion | USD 17.39 Billion | 4.60% | 2021 |
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 approximately 4.60 percent over the forecast period. The report analyzes the office chairs market’s drivers, restraints/challenges, and their effect 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 office chairs. However, high shipping and transportation cost is anticipated to limit the global office chairs market during the forecast period.
The COVID-19 pandemic has impacted the businesses of office chairs. The COVID-19 pandemic spread throughout the world as strict lock-downs are implemented by governments and shut down companies. Thus, the movement of people is restricted during the Covid-19 pandemic; the global office chairs market is likely to be impacted considerably during the forecast period.
The growing number of surgeries aids the global market growth
Growing business demand for furniture products and growing demand for commercial accommodation are expected to boost the demand for office chairs. The growing demand for computers in different industries such as computers, telecommunications, the internet, and many others is driving the consumption of computer chairs in business areas. In addition, the increasing adoption of the drop shipping method for their online businesses and the increasing internet penetration globally are driving the market's growth. In addition, the growing trend of interior design and renovation in corporate offices further drives the demand for furniture products.
The high-risk involvement may hamper the global market growth
The key restraints for the global office chairs market are expected to be the high shipping and transportation cost during the forecast period. Furthermore, the manufacturing process of office chairs has become a challenge for companies due to limited labor resources, interrupted raw material supplies, and logistical issues.
The technological advancement in office chairs by market players brings up several growth opportunities
Office chairs come in various shapes & sizes and can be adjusted to fit different body types & sizes. To ensure a safer workplace for employees, companies are already rolling out intelligent chairs that help reduce back and neck pain caused by long working hours, which is expected to increase the demand for office chairs. Consumers increasingly favor sustainable and low-carbon brands. Many companies that offer eco-friendly chairs use recycled materials to make their chairs. Therefore, product development innovation helps increase Office Chairs' adoption globally.
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.
Report Attributes | Report Details |
---|---|
Report Name | Office Chairs Market Size Report |
Market Size in 2021 | USD 13.28 Billion |
Market Forecast in 2028 | USD 17.39 Billion |
Growth Rate | CAGR of 4.60% |
Number of Pages | 188 |
Forecast Units | Value (USD Billion), and Volume (Units) |
Key Companies Covered | HNI Corporation, Haworth Inc., OKAMURA CORPORATION, UE Furniture Co., Ltd., Kimball Office, TOPSTAR GMBH, UB Office Systems, Bristol, and PSI Seating Ltd |
Segments Covered | By Type, By Application, and By Region |
Base Year | 2020 |
Historical Year | 2012 to 2017 |
Forecast Year | 2021 - 2028 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
The presence of market players helps North America dominate the global market
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.
By Product Type
By Application
By Region
FrequentlyAsked Questions
Growing business demand for furniture products and growing demand for commercial accommodation are expected to boost the demand for office chairs. The growing demand for computers in different industries such as computers, telecommunications, the internet, and many others is driving the consumption of computer chairs in business areas. In addition, the increasing adoption of the drop shipping method for their online businesses and the increasing internet penetration globally are driving the market's growth. In addition, the growing trend of interior design and renovation in corporate offices further drives the demand for furniture products.
According to the Zion Market Research report, the global office chairs market was worth about 13,275.10 (USD million) in 2021 and is predicted to grow to around 17,387.13 (USD million) by 2028, with a compound annual growth rate (CAGR) of approximately 4.60 percent.
North America is expected to be the leader in revenue generation in the 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. Furthermore, 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 2021.
Some of the main competitors dominating 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.
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