Global Contract Furniture Market Trends, Growth, Top Key Players And Forecast To 2032

The Business Research Company’s Contract Furniture Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Contract Furniture Global Market Report 2023 evaluates contract furniture market size, growth rate, drivers, trends, and major companies

The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The global contract furniture market is expected to grow from $56.13 billion in 2022 to $59.81 billion in 2023 at a compound annual growth rate (CAGR) of 6.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The contract furniture market is expected to reach $74.36 billion in 2027 at a CAGR of 5.6%

The rise in commercial spaces globally is expected to propel the growth of the contract furniture market going forward. Commercial space is a broad real estate term for any area utilized for business or professional activities. Contract furniture is designed and manufactured for public and high-use commercial locations such as lobbies, waiting rooms, and offices in the business sector that can accommodate hundreds of highly durable individuals. For instance, in June 2023, according to the report published by Commercial Edge, a Canada-based commercial real estate software company, the average office listing rate in the United States is $38.36 per square foot in 2023, an increase of 2.1% yearly. The national vacancy rate increased by 30 basis points annually to 17% in 2023. Further, the under-construction office space in the United States is 116.2 million square feet in 2023, accounting for 1.8% of total stock. Therefore, the rise in commercial spaces globally is driving the growth of the contract furniture market.

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The contract furniture market segments in the report are:

1) By Product Type: Chairs And Stools, Tables And Desks, Storage Furniture, Sofa And Couch, Other Product Types
2) By Materials: Upholstered, Non-Upholstered
3) By Distribution Channel: Offline, Online
4) By End-User: Government, Corporate Offices, Institutional, Healthcare Or Medical Facilities, Hospitality, Other End-Users

Top 5 Major Key Players Are:
Inter IKEA Systems BV
Herman Miller Inc
Steelcase Inc
Haworth Inc
LA-Z-Boy Inc

Table Of Contents
1. Executive Summary
2. Contract Furniture Market Characteristics
3. Contract Furniture Market Trends And Strategies
4. Contract Furniture Market – Macro Economic Scenario
5. Contract Furniture Market Size And Growth
……..
32. Global Contract Furniture Market Competitive Benchmarking
33. Global Contract Furniture Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Contract Furniture Market
35. Contract Furniture Market Future Outlook and Potential Analysis
36. Appendix

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