The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

The worldwide market for institutional and office furniture is projected to increase from $223.39 billion in 2022 to $241.29 billion in 2023, with a CAGR of 8.0%. The market size for institutional and office furniture is anticipated to reach $318.05 billion in 2027, growing at a CAGR of 7.1%.

What will drive the institutional and office furniture market?

The growing popularity of online shopping is anticipated to boost the institutional and office furniture manufacturing market.

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Who are the major players in the market?
Major companies in the institutional and office furniture market include Steelcase Inc., Haworth, Inc., Herman Miller Inc., HNI Corporation, Kokuyo Co Ltd., Okamura Corporation, Itoki Corporation.

Which trend is gaining popularity in the institutional and office furniture market?

Furniture manufacturers are embracing eco-friendly practices due to rising consumer demand for sustainability, including reduced fuel usage and wood by-product recycling.

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How is the institutional and office furniture market segmented?

Global Institutional And Office Furniture Market Segments Include:

• By Type: Institutional Furniture, Office Furniture
• By Distribution Channel: Exclusive Showrooms, Online, Supermarkets/Hypermarkets, Other Distribution Channels
• By Raw Material: Wood, Plastic, Metal
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global institutional and office furniture market in 2021.

The Institutional And Office Furniture Global Market Report 2023  provides an overview of the institutional and office furniture market for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The institutional and office furniture market forecast analyzes institutional and office furniture market size, institutional and office furniture market share, leading competitor and their market positions.

Office and institutional furniture includes freestanding furniture items like computer desks, chairs, file cabinets, tables, and lounge seating, requiring no installation.

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