The U.S. Office Furniture market is expected to reach
USD 14.31 billion by 2025, according to a new report by Grand View Research,
Inc. Vigorous growth in commercial and office building construction and
remodeling activity is anticipated to buoy demand as companies furnish new
office spaces. Following a trough in 2010, office furniture manufacturers and
suppliers benefited from rising employment levels as layoffs ebbed and
businesses hired new workers.
Demand
for desks and tables is forecast to advance with a CAGR of 4.3% from 2017 to
2025, the fastest rate of any office furniture segment, reaching $3.32 billion
in 2025. Ongoing advances in office construction activity and an uptick in
business improvement expenditures will drive gains. In addition, ongoing trends
toward more open, collaborative, and customizable workspaces will boost sales
of desks and tables, largely at the expense of more compartmentalized modular
office systems. Likewise, the continued proliferation of electronic devices to
support office activities will buoy demand for desks and tables featuring
built-in outlets, cord management systems, and other compatible features. Even
so, competition from modular systems and used furniture dealers will stymie
faster gains.
Desks
and tables offer open-air workspaces for individual use or group meetings.
Product innovations accompany developments in office tools and work styles. In
particular, developments in the electronic industry affected product designs
over the historical period. For example, the widespread digitization of work processes
and reduction in computer size has promoted the use of desks with smaller work
surfaces and less storage.
Browse full
research report on U.S. Office Furniture Market: www.grandviewresearch.com/industry-analysis/us-office-furniture-market
Further key
findings from the study suggest:
- The U.S. Office Furniture market was valued at
10.74 billion in 2016 and is expected to grow at a CAGR of 3.2% from 2017
to 2025
- Modular systems emerged as the largest solution
segment in 2016 and is estimated to generate revenue over USD 3.88 billion
by 2025
- The demand for desks & tables in the U.S.
Office Furniture market was USD 2.16 billion in 2016 and is anticipated to
witness staggered growth over the next eight years
- Key players including Herman Miller, HNI
Corporation, Steelcase, Haworth, and Teknion Corporation dominated the
U.S. office furniture market in 2016
Browse more
reports of this category by Grand View Research: www.grandviewresearch.com/industry/consumer-goods
Grand View Research has segmented the U.S. office furniture market on the
basis of products.
Product
Outlook (Revenue, USD Billion, 2014 - 2025)
- Seating
- Modular
Systems
- Desks
& Tables
- Others
Access
Press Release By Grand View Research: www.grandviewresearch.com/press-release/us-office-furniture-market-analysis
About Grand
View Research:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
