What is the global market size of Contract Furniture Market?

Contract Furniture Market size was valued at USD 131.06 billion in 2021 and is poised to grow from USD 140.17 billion in 2022 to USD 209.47 billion by 2030, growing at a CAGR of 5.1% in the forecast period (2023-2030).

Global Contract Furniture Market Size, Share, Growth Analysis, By Product Type(Seating, storage units), By Distribution Channel(Offline and online) - Industry Forecast 2024-2031

Report ID: SQMIG25AH2004 | Region: Global | Published Date: April, 2024
Pages: 223 | Tables: 62 | Figures: 75

Global Contract Furniture Market Insights

Global Contract Furniture Market size was valued at USD 140.17 Billion in 2022 and is poised to grow from USD 147.32 Billion in 2023 to USD 219.32 Billion by 2031, at a CAGR of 5.10% during the forecast period (2024-2031).

Global Contract Furniture Market is a rapidly growing market, driven by the growing demand for innovative and sustainable furniture solutions in the commercial, hospitality, education, and healthcare sectors. The market is characterized by diverse end-users, with demand from the commercial and hospitality sectors being the major growth drivers. The growing number of new commercial and industrial hubs across the globe is expected to drive demand for contract furniture. Additionally, the increasing number of hotels, resorts, and restaurants, coupled with the growing trend of "bleisure" (business and leisure travel), is driving demand for contract furniture in the hospitality sector. The education sector is another significant end-user of contract furniture. The growing number of educational institutions and the increasing focus on creating a conducive learning environment drive demand for contract furniture. The healthcare sector is also witnessing significant growth, with the aging population and increasing healthcare expenditure driving demand for contract furniture in hospitals, clinics, and other healthcare facilities. Overall, the global market is dynamic and growing, driven by the growth of the commercial, hospitality, education, and healthcare sectors. The market is expected to continue to grow in the coming years, driven by the emergence of new manufacturing hubs, the increasing demand for innovative and sustainable furniture solutions, and the growth of end-user industries across the globe.

US Contract Furniture Market is poised to grow at a sustainable CAGR for the next forecast year.

Global Contract Furniture Market Report Snapshots

License Type Top market research company in USA

File Type

$5,300

BUY NOW GET FREE SAMPLE

Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Contract Furniture Market is highly competitive, with a large number of companies operating in the industry. Some of the major players in the market compete on the basis of factors such as product innovation, design, price, quality, distribution, and customer service. Many of them have a strong brand presence and offer a wide range of products to cater to the diverse needs of their customers. The market is also characterized by a high degree of fragmentation, with a large number of small and medium-sized players operating in different regions and markets. In addition, the market is dynamic, with new players entering the market regularly, increasing competition and driving innovation. 'Herman Miller, Inc.', 'Steelcase Inc.', 'HNI Corporation', 'Haworth, Inc.', 'Knoll, Inc.', 'Kimball International, Inc.', 'Teknion Corporation', 'KI (Krueger International, Inc.)', 'Global Furniture Group', 'Vitra International AG', 'Okamura Corporation', 'Interface, Inc.', 'Teknion LLC', 'Bernhardt Furniture Company', 'La-Z-Boy Inc.', 'Humanscale Corporation', 'Kinnarps AB', 'Orangebox Limited', 'SIS Human Factors Engineering Ltd.', 'izzy+'

The growth of the global construction industry, particularly in emerging markets, creates demand for contract furniture for commercial buildings, offices, and public spaces.

Growing demand for ergonomic and functional furniture: With more people spending extended periods of time sitting at their desks or workstations, there has been a greater demand for furniture that is comfortable, supportive, and designed to promote good posture and health.

North America dominated the global market, with the United States being the region's largest contributor to this market. In recent years, the region has witnessed a significant rise in the commercial and hospitality sectors, which has fueled the demand for contract furniture in the region. The North American market is characterized by a high level of competition, with a large number of players competing for market share. The United States, in particular, is home to many of the leading contract furniture manufacturers globally. The country's large and diverse economy has created a favorable environment for the growth of the contract furniture market. The healthcare, hospitality, education, and corporate sectors have been significant end-users of contract furniture, with demand from these sectors driving the growth of the market. The commercial sector has been the dominant end-user of contract furniture in North America, with demand coming from office spaces, retail stores, and restaurants. The adoption of open office designs has also created significant demand for contract furniture, as companies look for flexible and adaptable furniture solutions that can be customized to meet their needs. The hospitality sector has also emerged as a significant end-user of contract furniture in North America, driven by growth in the hotel and restaurant industries. In terms of market trends, the demand for sustainable and environmentally friendly furniture has been on the rise in North America. Companies are increasingly adopting eco-friendly materials and production processes to meet the growing demand for sustainable furniture. Another trend in the North American market is the adoption of smart furniture, which incorporates technology into furniture design to provide enhanced functionality and convenience.

Feedback From Our Clients

"We have purchased recently a report from SkyQuest Technology, and we are happy to inform you that this report was so useful and practical for our team. Skyquest Team was very active and our queries were followed up completely.It was amazing. "

- Mr. Ali Zali, Commercial Director, ICIIC Iran.

Global Contract Furniture Market Size, Share, Growth Analysis, By Product Type(Seating, storage units), By Distribution Channel(Offline and online) - Industry Forecast 2024-2031

Global Contract Furniture Market Insights

Global Contract Furniture Market Report Snapshots

Want to customize this report?

FAQs

What is the global market size of Contract Furniture Market?

Who are the key vendors in the Global Contract Furniture Market?

What is the key driver of Global Contract Furniture Market?

What is the key market trend for Global Contract Furniture Market?

Which region accounted for the largest share in Global Contract Furniture Market?

Request Free Customization

Related Reports

Feedback From Our Clients

$5,300