USA Office Furniture Market Growth and Size, Trends, Revenue, Demand, Industry Share, Challenges, Future Opportunities and Forecast till 2033: SPER Market Research
United States Office Furniture Market is projected to be worth USD 26.02 billion by 2033 and is anticipated to surge at a CAGR of 6.13%
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The office furniture includes a variety of large and little pieces of equipment that improve the overall feel and ambiance of the business. Office chairs, tables, and storage cabinets are the most popular goods. They can be made of steel, wood, or other materials based on the design and specifications. Products can be offered online or offline, depending on the customer's quantity and practicality requirements.
According to SPER Market Research, ‘United States Office Furniture Market Size -By Product, By Distribution Channel - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’ states that the United States Office Furniture Market is estimated to reach USD 26.02 billion by 2033 with a CAGR of 6.13%.
Drivers:
The country's increasing commercial development activity and solid economic expansion are two factors contributing to the expected strong growth of the office furniture market in the United States throughout the forecast period. The commercial office furniture market in the United States has grown positively as the country's economy improves and urbanisation increases.
Furthermore, firms in the area are looking to revamp workspaces to incorporate modern design aspects such as open floor plans and collaborative work areas, which is boosting office improvement activities.
Restraints:
The US office furniture industry is significantly hampered by sustainability concerns and environmental legislation that affect both producers and purchasers. These restrictions and concerns drive changes in material procurement, product design, and manufacturing procedures, resulting in increased costs and complexity for organisations. Strict environmental regulations compel manufacturers to meet specific criteria for energy use, waste management, and emissions. To meet these standards while minimising environmental impact, investments in new technology and methods are frequently required. Adopting waste recycling programs or environmentally friendly industrial practices, for example, can be costly and time-consuming. Customers may face higher office furniture costs as a result of these additional fees.
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The Covid-19 pandemic had a tremendous impact on the United States' furniture business. With widespread lockdowns and social distancing strategies, traditional brick-and-mortar furniture stores suffered a decrease in foot traffic. However, internet furniture sales grew during this time as people wanted to beautify their homes for work-from-home and recreational purposes. Furthermore, the pandemic boosted demand for ergonomic office furniture as remote work became the norm.
The Northeast, particularly New York City, Boston, and Philadelphia, is home to a large number of corporate headquarters, technology startups, and financial services organisations. There is a desire for high-quality, professional office furniture that conveys a smart image and can withstand long hours of labour. The key players of this market are Herman Miller, HNI Corp, Steelcase, Haworth, Knoll, Ashley Furniture Industries Inc, and Others.
United States Office Furniture Market Segmentation:
By Product:
- Modular System
- Seating
- Desks & Table
By Distribution Channel:
- segmented as
- Offline
- Online
By Region:
- Northeast
- South
- Midwest
- West
For More Information, refer to below link: –
United States Office Furniture Market Forecast
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