Office furniture are movable things that facilitate numerous human activities in a professional work environment. This category comprises desks, chairs, cabinets, and other items used to seat, write, store, or hold objects. Its design is carefully planned to enhance comfort, productivity, and ergonomics. Office furniture is designed to assist create a functional and visually pleasing workspace. This means tailoring the furniture to the individual demands of the employees and the type of the duties they undertake, ensuring that the furniture not only serves practical functions but also adds to a welcome and visually beautiful workplace.
United States Office Furniture Market Driving Factors and Challenges
Driving Factors: The country's growing commercial construction activity and robust economic expansion are among the reasons contributing to the predicted strong growth of the office furniture market in the United States over the forecast period. The commercial office furniture market in the United States has had favourable growth due to the country's improving economy and increasing urbanisation. Additionally, businesses in the area are aiming to redesign workspaces to incorporate contemporary design elements like open floor plans and collaborative work areas, which is driving up office improvement activity.
E-commerce is also becoming a more common way to buy furniture online in the country. However, brick-and-mortar stores continue to be the preferred option for most US shoppers when purchasing furniture products. There is a growing interest in environmentally friendly workplace furniture in the country. To lessen their environmental impact, furniture makers are developing goods made from recycled materials or more sustainable woods like acacia, bamboo, or reclaimed wood.
Challenges
- Changes in the Costs Expensed by Manufacturers: Materials, labour, and production costs can vary greatly depending on a variety of circumstances, including economic conditions, supply chain interruptions, and changes in global trade policies. These changes generate uncertainty for manufacturers and may result in higher prices for consumers. The prices of basic materials such as wood, metal, and fabric fluctuate frequently owing to market volatility.
- Manufacturing costs might also fluctuate due to changes in labour costs. Changes in minimum wage regulations, labour shortages, or the requirement for specialised skills can all lead to increasing labour costs for the U.S. office furniture business, which depends on trained labour for both design and production. Increased labour expenses may result in higher production costs, which can then be passed on to customers and affect demand.
Impact of COVID-19 on United States Office Furniture Market
The COVID-19 pandemic had a tremendous impact on the office furniture industry. The widespread transition to remote work, along with the temporary closure of many enterprises, resulted in a fall in demand for traditional office furniture. However, as organisations adopted remote and hybrid work models, the need for home office equipment grew.
Companies and employees invested in ergonomic seats, adjustable desks, and other furnishings to create pleasant and productive home offices. The epidemic has also hastened the adoption of furniture technology, such as video conferencing solutions built into desks or privacy screens for distant workers.
United States Office Furniture Market Key Players:
The market study provides market data by competitive landscape, revenue analysis, market segments and detailed analysis of key market players such as Herman Miller, HNI Corp, Steelcase, Haworth, Knoll, Ashley Furniture Industries Inc, Global Furniture Group, Kimball International Inc, Okamura Corp, Interior Systems, Inc.
United States Office Furniture Market Segmentation:
By Product: Based on the Product, United States Office Furniture Market is segmented as; Modular System, Seating, Desks & Table.
By Distribution Channel: Based on the Distribution Channel, United States Office Furniture Market is segmented as; Offline, Online.
By Region: This research also includes data for Northeast, South, Midwest, West.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.