Global Contract Furniture Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

Chairs & Stools, and Sofa & Couch.

By End-User;

Hospitality & food services, Offices & home offices, Retail stores, Institutions, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn760756823 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Contract Furniture Market (USD Million), 2021 - 2031

In the year 2024, the Global Contract Furniture Market was valued at USD 110,659.58 million. The size of this market is expected to increase to USD 157,272.92 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 5.2%.

The Global Contract Furniture Market is experiencing significant growth propelled by the increasing demand for durable and versatile furniture designed for high-traffic environments and diverse applications. This growth is further accelerated by the burgeoning e-commerce sector, coupled with robust product promotion and advertising campaigns on various online platforms, enhancing market visibility and consumer engagement. The expansion of corporate office spaces, driven by tech giants like Meta and Google, is also contributing to the industry's upward trajectory, as these companies invest heavily in creating innovative and collaborative work environments to foster creativity and productivity.

As organizations recognize the profound impact of workplace design on employee well-being and productivity, there is an increasing focus on integrating comfort, functionality, and aesthetic appeal into commercial spaces through optimal furniture placement and ergonomic considerations. The demand for modular and multifunctional furniture solutions is also on the rise, offering versatile and space-saving options that cater to evolving user needs and preferences. The industry faces challenges such as rising raw material costs, including wood, fabrics, and mechanisms, which are putting pressure on profit margins and influencing end-user purchasing decisions. In response, there is a growing trend towards sustainable and eco-friendly furniture options, including upcycled and second-hand products, as consumers seek environmentally responsible alternatives. Longer replacement cycles in commercial settings, such as offices and healthcare facilities, are impacting market growth, as organizations prioritize durability and longevity in their furniture investments, opting to upgrade and refresh their spaces less frequently.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By End-User
    3. Market Snapshot, By Region
  4. Global Contract Furniture Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing Demand for Operational Spaces
        2. Expansion of Office Buildings & Corporate Establishments
        3. Proliferation of Co-working Spaces & Flexible Work Arrangements
        4. Rise in Hospitality & Tourism Sector
      2. Restraints
        1. Technological Limitations & Compatibility Issues
        2. Environmental Concerns & Sustainability Issues
        3. Long Replacement Cycles & Durability Expectations
      3. Opportunities
        1. Product Innovation & Design Enhancement
        2. Sustainable & Eco-Friendly Solutions
        3. Digital Transformation & E-commerce Expansion
        4. Smart & Connected Furniture Solutions
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Contract Furniture Market, By Product Type, 2021 - 2031 (USD Million)
      1. Chairs & Stools
      2. Sofa & Couch
    2. Global Contract Furniture Market, By End-User, 2021 - 2031 (USD Million)
      1. Hospitality & food services
      2. Offices & home offices
      3. Retail stores
      4. Institutions
      5. Others
    3. Global Contract Furniture Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape Analysis
    1. Company Profiles
      1. Brunner GmbH
      2. Humanscale International Holdings Ltd.
      3. Haworth Inc.
      4. ITAB Group
      5. Kinnarps AB
      6. Steelcase Inc.
      7. Teknion Group
      8. HNI Corp.
      9. Herman Miller
      10. Knoll
  7. Analyst Views
  8. Future Outlook of the Market