Product ID: SQMIG20M2002
Global Office Chairs Market Size, Share, Growth Analysis, By Type(Ergonomic Chairs, Executive Office Chairs), By Application(Mesh, Leather) - Industry Forecast 2024-2031
Report ID:
SQMIG20M2002 |
Region:
Global |
Published Date: April, 2024
Pages:
157
|
Tables:
66 |
Figures:
75
Global Office Chairs Market Insights
Office Chairs Market size was valued at USD 12.75 billion in 2019 and is poised to grow from USD 13.4 billion in 2023 to USD 20.97 billion by 2031, growing at a CAGR of 5.1% in the forecast period (2024-2031).
Particularly for usage at a desk in an office, an office chair is developed. Typically, it is a spinning chair with wheels that improve mobility and a knob for altering the height to suit the demands of the user. Office chairs boost worker comfort and convenience, hence it is anticipated that demand would rise over the assessment period due to customers' preference for custom-made office chairs.
The market for office chairs, which will make up 7% of all office furniture in 2019, is anticipated to grow as people resume working from home once their concern of infection fades. During the forecast period of 2022–2032, the market for office chairs is anticipated to grow by an absolute $ opportunity of USD 8.9 Bn.
The working people in offices and industries typically experience a higher level of comfort and flexibility because of the office chairs. One of the key factors in increased sales from the office chair market is the manufacturers' design of a variety of multifunctional chairs. The newest technological advancements that can be implemented into the design of office chairs for corporate executives are a major emphasis for businesses today.
US Office Chairs Market is poised to grow at a sustainable CAGR for the next forecast year.
To get more reports on the above market click here to Buy The Report
Global Office Chairs Market Segmental Analysis
Global Office Chairs Market is segmented based on the Type, Material, Application, and region. Based on the Type, the Office Chairs Market is segmented as Adjustable Chair, Fixed Chair, Swivel Chair, and Others. Based on Material, Leather, Cloth, PU, Plastic, Mesh, and Others. Based on the Application, Residential and Commercial. Based on Region it is categorized into North America, Europe, Asia-Pacific, Latin America, and MEA.
Office Chairs Market Analysis by Type
On the basis of types, the market is segmented into Ergonomic Chairs, Executive Office Chairs, Conference Chairs, Computer Chairs and Other. Among these Ergonomic chair segment has seen significant growth. Ergonomic chairs are essentially office chairs with lumbar support, an adjustable seat, and a deep seat. The benefits include increased productivity, greater worker health, increased customizability, and lower operating expenses. Workplace ergonomics is a crucial element that can help businesses by decreasing employee absenteeism, increasing staff engagement, highlighting a firm's dedication to safety, and ultimately improving job satisfaction. Together, these issues have led to a rise in the market demand for ergonomic office chairs.
Additionally, the market for ergonomic office chairs is being hampered by high-end office chairs since buyers are torn between buying them and not. Price-conscious customers are being forced to settle for low-end conventional office chairs as a result of high-end ergonomic office chairs.
Office Chairs Market Analysis by Material
The Office Chairs Market has been segmented on the basis of Material as Mesh, Leather, Fabric and Plastic. Because mesh office chairs offer more sitting comfort to working professionals throughout their long working hours in the offices than other office chair options, the mesh material category is predicted to dominate the market. Additionally, compared to other types of fabrics, mesh chairs are less skin-resistant, preventing skin irritation issues.
To get detailed analysis on other segments, Request For Free Sample Report
Global Office Chairs Market Regional Insights
North America has held the market share in the growth of the office chair market. It is anticipated that North America will continue to dominate the market globally in the forecast period. Due to increasing demand for office chairs, particularly ergonomic chairs. Moreover, the presence of many multinationals and enterprises that needs office chairs, booming the market and is expected to drive the market in the future as well.
On the other hand, During the forecast period, Asia Pacific is anticipated to see a number of positive growth opportunities. A major element fueling the expansion of the Asia Pacific market is the growing presence of multinational companies and major businesses in emerging markets.
To know more about the market opportunities by region and country, click here to
Buy The Complete Report
Global Office Chairs Market Dynamics
Office Chairs Market Driver
- Rising Popularity of ergonomic chairs:
Employees' effectiveness at work is being impacted by the growing worries about their health and fitness. Employees are seeking alternatives due to their worry for their health and fitness. Employees choose ergonomic chairs because they provide lumbar support and allow them to sit comfortably for long periods of time while working.
- To prevent the spread of COVID-19, individuals started working from home. To work comfortably for long periods of time, many people created their own workstations. This in turn raised the market's demand for office chairs. The need for office chairs is anticipated to increase as fewer businesses continue to function from home. These factors will drive market expansion while also contributing to the CAGR of the respective sector during the anticipated period.
Office Chairs Market Restraint
- The main restraining factor for the office chair sector is the rising cost of shipping, which results in high pricing for consumers. Office chairs are often made in bulk and sent to showrooms for sale. The fluctuating cost of raw materials, which might lead to a product's unavailability on the market, is another limiting factor.
Request Free Customization of this report to help us to meet your business objectives.
Global Office Chairs Market Competitive Landscape
Due to the existence of multiple international companies, the market for office chairs is highly fragmented, with the presence of a large number of global players. Companies including Steelcase Inc., Herman Miller, Inc., Haworth Inc., HNI Corporation, OKAMURA CORPORATION, Kimball Office, UE Furniture Co., Ltd., TOPSTAR GMBH, Bristol, UB Office Systems.
Office Chairs Market Top Player's Company Profiles
- Steelcase Inc.
- Herman Miller Inc.
- HNI Corporation
- Okamura Corporation
- Haworth Inc.
- Knoll Inc.
- Teknion Corporation
- Kokuyo Co., Ltd.
- Kimball International Inc.
- Kinnarps AB
- Vitra International AG
- Nowy Styl Group
- Humanscale Corporation
- Global Furniture Group
- Interface Inc.
- SitOnIt Seating Inc.
- Stylex Seating Inc.
- KI Furniture
- Wilkhahn Group
- Groupe Lacasse Inc.
Office Chairs Market Recent Developments
- In December 2021, Design Public Group, a digital company with technologies that would aid in accelerating firms' digital footprints, was acquired by HNI Corporation. This platform is anticipated to enable businesses' various digital and e-commerce operations to connect with a wide spectrum of market consumers.
- In November 2021, Herman Miller, the leader of innovative design and furnishing solutions, announced a new seating collection with designer Michael Anastassiades—Comma.
Global Office Chairs Key Market Trends
- New development and innovations in the chairs are expected to attract more consumers. The introduction of ergonomic office chairs with extra features like big armrests, massage vibration, heated pads, and others may benefit workers in every manner conceivable. The ergonomic office chair market is anticipated to change due to these new features' rising attractiveness. Every employee appreciates comfort, which helps an employee be more productive.
- Companies are cooperating with MNCs to expand their business and scale up their sales. Employees use this method to make the most of their office seats, and if they find them useful, they may decide to purchase ergonomic office chairs for their homes.
- By switching to online shopping, consumers are choosing more practical methods of purchasing ergonomic office chairs. The consumer's ability to make a purchase decision is being impacted by inconsistent price and a lack of detail transparency. Since the majority of transactions now take place online, the world is evolving toward a digital economy. It gives businesses a chance to talk to customers and figure out what they want. The customer will be encouraged to make a purchase if there is a clear message regarding the product's specifications and an accurate pricing that is mentioned without any additional fees.
Global Office Chairs Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected utilizing Primary Exploratory Research backed by the robust Secondary Desk research.
According to our Office Chairs Market Analysis, in terms of type, Ergonomic Office Chair has acquired largest market share. Due to Employees' effectiveness at work is being impacted by the rising worries about their health and fitness. Employees are being encouraged to look for alternatives by their concern for their health and fitness. Employees choose ergonomic chairs because they provide lumbar support and allow them to sit comfortably for long periods of time while working.
| Report Metric | Details |
|---|---|
| Market size value in 2019 | USD 12.75 billion |
| Market size value in 2031 | USD 20.97 billion |
| Growth Rate | 5.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
To get a free trial access to our platform which is a one stop solution for all your data requirements for quicker decision making. This platform allows you to compare markets, competitors who are prominent in the market, and mega trends that are influencing the dynamics in the market. Also, get access to detailed SkyQuest exclusive matrix.
Buy The Complete Report to read the analyzed strategies adopted by the top vendors either to retain or gain market share
Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Global Office Chairs Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Global Office Chairs Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Global Office Chairs Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Global Office Chairs Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Global Office Chairs Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Global Office Chairs Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
Global Office Chairs Market Report Snapshots
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
USA (+1) 351-333-4748
