Office Chairs Market to Hit USD 20.04 Bn. at a Growth Rate of 5.31% by 2030- Says Steller Market Research

May 13 18:04 2024
Office Chairs Market to Hit USD 20.04 Bn. at a Growth Rate of 5.31% by 2030- Says Steller Market Research
Office Chairs Market
Office Chairs Market size of the North America region is expected to dominate the market during the forecast period. Office Chairs Market analysis was conducted by dividing it into Product Type, Material, and Sales Channel. The bottom-up approach was used to estimate the Office Chairs Market size.

Pune, 13 May 2024: Staller Market Research, a Consumer Goods & Services business research firm has published a report on the “Office Chairs Market. The total market opportunity for Office Chairs Market was USD 13.95 Bn in 2023 and is expected to grow at 5.31% CAGR through the forecast period by reaching nearly USD 20.04 Bn.

Office Chairs Market Report Scope and Research Methodology

Market Size in 2023   USD 13.95 Bn.

Market Size in 2030   USD 20.04 Bn.

CAGR   5.31% (2024-2030)

Forecast Period          2024-2030

Base Year        2023

Number of Pages       278

No. of Tables  119

No. of Charts and Figures      115

Segment Covered      Product Type, Material, Sales Channel

Regional Scope           North America, Europe, Asia Pacific, Middle East and Africa, South America

Report Coverage        Market Share, Size & Forecast by Revenue | 2023−2030, Market Dynamics, Growth Drivers, Restraints, Investment Opportunities, and Key Trends, Competitive Landscape, Key Players Benchmarking, Competitive Analysis, Stellar Competition Matrix, Competitive Leadership Mapping, Global Key Players’ Market Ranking Analysis.

The report provides an in-depth analysis of the strategies of the top players in the Office Chairs industry with an in-depth analysis of the market segments and regions. A detailed analysis of market dynamics including drivers, restraints, opportunities, challenges, and Trends is provided region-wise and segment-wise, in the Office Chairs Market report. It also includes figures for import/export consumption, supply and demand, price, cost, revenue, and gross margins which makes it an investor’s guide.

The data for the Office Chairs Market report was collected using primary and secondary research methods, which were combined to make the report authentic. The primary research conducted includes the questionnaire distribution, surveys, and phone interviews with Office Chairs industry experts, market leaders, marketing professionals, and entrepreneurs. The bottom-up approach has been used to estimate the global and regional Office Chairs market size. SWOT analysis was used to provide the strengths and weaknesses of Office Chairs’ key players in the industry.

Get a free sample copy to fully comprehend the format of the report, which includes the table of contents and summary:

Office Chairs Market Overview

The office chairs market has observed significant innovation and diversification, catering to diverse consumer needs. Recent developments include ergonomic solutions like Herman Miller’s Zeph Chair and Asari Chair offer customizable options for both home and office environments, reflecting a growing emphasis on user well-being and aesthetics. Value Office Furniture’s new ergonomic chair collection highlights the market’s focus on providing quality seats options for productive workspaces. Collaboration between industry leaders and designers has resulted in a range of offerings that prioritize comfort, style, and functionality, driving the evolution of the office chairs market.

Office Chairs Market Dynamics:

The office chairs market is experiencing robust growth driven by Increasing focus on employee well-being and productivity is prompting organizations to invest in ergonomic office furniture such as chairs that offer superior comfort and support. For instance, MAHLE’s Argon gaming chair, equipped with integrated cooling technology, caters to gamers’ need for lasting comfort during extended sitting sessions, showing innovation in the market. The rise of corporate sectors in emerging economies and the expansion of the IT and service industries have fueled demand for office chairs across various sectors. As companies holds diverse working environments, including coworking spaces and open office layouts, there’s a growing need for innovative seating solutions like Herman Miller’s Zeph Side Chair, designed to enhance collaboration and flexibility in shared workspaces.

Advancements in technology have led to the development of smart office chairs with IoT sensors, exemplified by the Asari Chair by Herman Miller, which offers real-time posture monitoring and personalized comfort settings. Sustainable office chairs, like the ones in NBF’s Parker chair collection, cater to environmentally conscious consumers, reflecting the market’s commitment to sustainability. These drivers underscore the dynamic nature of the office chairs market, presenting ample opportunities for innovation and growth across various segments.

Office Chairs Market Regional Insights:

The global office chairs market exhibits regional variations in dominance and growth prospects. North America holds a significant share of the market, attributed to the region’s robust economy, high adoption of ergonomic office furniture, and the presence of key players. Europe is a leading office chair market, driven by more demand from commercial sectors, including corporate offices and coworking spaces. The Asia Pacific region is expected to dominate the market in the forecast period, fueled by rapid urbanization, increasing office space construction, and the adoption of modern workplace trends in emerging economies such as China, India, and Asian countries. For instance, China’s office furniture industry and the rise of the IT and services sector contribute to the region’s growth trajectory in the office chair market.

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Office Chairs Market Segmentation

By Product Type

  • Executive
  • Ergonomic
  • Conference

Based on Product Type, the Executive segment held the largest Office Chairs market share and is expected to grow at a high rate during the forecast period market due to their association with high-status roles and premium features. The Executive Chairs Catering to top-level management, offering luxurious designs and premium comfort. They are expected to maintain dominance, particularly in corporate settings and executive offices, where comfort and style are paramount.

By Material

  • Mesh
  • Leather
  • Plastic
  • Fabric

Based on Material, the Mesh chairs segment currently dominates the office chairs market due to their breathability, comfort, and ergonomic features. They are widely adopted in modern office environments, especially for ergonomic seating solutions, offering adequate support and airflow for long hours of sitting.

By Sales Channel

  • Offline
  • Online

Based on the Sales Channel, the Offline segment is expected to hold the largest share of the global market in the future, leveraging physical stores for product display, customer interaction, and testing ergonomic features before purchase. offline channels play a vital role, particularly for consumers seeking hands-on experience and personalized assistance in selecting the right office chair for their needs.

Office Chairs Key Competitors include:

  • Herman Miller (Bristol, USA)
  • HNI Corporation (Muscatine, USA)
  • Haworth Inc. (Holland, USA)
  • Kimball Office (Jasper, USA)
  • Steelcase (Grand Rapids, USA)
  • Topstar GmbH (Langenneufnach, Germany)
  • UB Office Systems (Dubai, UAE)
  • UE Furniture Co. Ltd. (Shenzhen, China)
  • PSI Seating Ltd. (Mumbai, India)

Key questions answered in the Office Chairs Market report are:

  • What are Office Chairs?
  • Which market segment held the largest share of the global Office Chairs market in 2023?
  • What are the global trends in the Office Chairs Market?
  • What are the upcoming opportunities for the Office Chairs Market?
  • What are the recent industry drivers that can be implemented to generate additional revenue streams for the Office Chairs Market?
  • What growth strategies are the players considering to increase their presence in the Office Chairs Market?
  • Who are the leading companies and what are their portfolios in Office Chairs Market?
  • What are the major challenges that the Office Chairs Market could face in the future?
  • Which region held the largest Office Chairs Market Share in 2023?

Key Offerings:

  • Past Market Size and Competitive Landscape (2018 to 2022)
  • Past Pricing and price curve by region (2018 to 2022)
  • Market Share, Size & Forecast by different segment | 2023−2030
  • Office Chairs Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by Region
  • Office Chairs Market Segmentation – A detailed analysis by Product Type, Material, Sales Channel and Region
  • Competitive Landscape – Profiles of selected key players by region in a strategic perspective
    • Competitive landscape – Market Leaders, Market Followers, Regional player
    • Competitive benchmarking of key players by region
  • PESTLE Analysis
  • PORTER’s analysis
  • Value chain and supply chain analysis
  • Lucrative business opportunities with SWOT analysis
  • Analyst Recommendations

Steller Market Research is leading Consumer Goods & Services research firm, has also published the following reports:

Furniture Market – The market size is expected to reach USD 893.35 billion by 2030 at a CAGR of 6.19 % during the forecast period. The market is expected to be driven by the rise in the number of compact households, multi-functional furniture has become more popular, allowing for more storage. There has been an increase in the use of extra home spaces for offices, which has resulted in a demand for office furniture.

Thermoformed Plastics Market – The market size is expected to reach USD 78.04 billion by 2030 at a CAGR of 5.6 % during the forecast period. Increase in popularity for shopping and high consumer spending due to online retail channels that are easy to use, awareness about the products hygiene and changing lifestyles increasing the demand for Thermoformed Plastics Market.

About Steller Market Research:

Steller Market Research is a multifaceted market research and consulting company with professionals from several industries. Some of the industries we cover include medical devices, pharmaceutical manufacturers, science and engineering, electronic components, industrial equipment, technology and communication, cars and automobiles, chemical products and substances, general merchandise, beverages, personal care, and automated systems. To mention a few, we provide market-verified industry estimations, technical trend analysis, crucial market research, strategic advice, competition analysis, production and demand analysis, and client impact studies.

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