U.S. Office Furniture Market Size, Share, Growth Analysis, By Type(Seating, Modular Systems), By Distribution Channel(Online and Offline) - Industry Forecast 2024-2031

U.S. Office Furniture Market size was valued at around USD 14.74 Billion in 2022 and is expected to rise from USD 15.52 billion in 2023 to reach a value of USD 23.46 Billion by 2031, at a CAGR of 5.3 % over the forecast period (2023–2031).

The rising number of homes, offices, and commercial complexes being built throughout the forecast period is one of the key factors influencing market growth. Retailers and manufacturers are seeing an increase in demand for home office equipment as more people choose to work from home or from remote places. Because there are so many simple and quick delivery options, customers are drawn to clever, comfortable, and adaptable furniture designs.

Additionally, there is a demand for modern office furniture due to the quick development of commercial zones and IT parks, which has increased the number of corporate offices. Businesses are also creating informal office environments to improve social relationships, collaborative workspaces, and employee communications. This tendency has led office furniture manufacturers to start creating furniture that is cleverly designed. Aside from that, due to technological advancements and a rise in the prevalence of health issues brought on by employees' sedentary habits, there has been an increase in demand for smart office furniture that gives internet access while also promoting improved posture and movement assistance. This component is anticipated to have an important impact on the demand for office furniture during the projection period.

Additionally, the growing adoption of the work-from-home (WFH) paradigm as a result of the coronavirus (Covid-19) pandemic is one of the key reasons boosting the market's growth. Many individuals are still working from home due to the unanticipated spread of the illness and the state-wide lockdown, which is increasing the demand for warm and durable office furniture for home offices.

Furthermore, a number of significant players in the office furniture industry are entering into collaborations with e-commerce retail outlets in order to strengthen their distribution networks. The demand for office furniture increased at the same rate as commercial building construction and employment in the service industry. An increase in new businesses being founded and corporate growth is another factor anticipated to boost market expansion. The demand for office space and jobs is anticipated to rise, which will boost market expansion.