Asia-Pacific Office Furniture Market Size
| Study Period | 2020-2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 81.80 Billion |
| Market Size (2029) | USD 112.28 Billion |
| CAGR (2024 - 2029) | 6.54 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Asia-Pacific Office Furniture Market Analysis
The Asia-Pacific Office Furniture Market size is estimated at USD 81.80 billion in 2024, and is expected to reach USD 112.28 billion by 2029, growing at a CAGR of 6.54% during the forecast period (2024-2029).
The office furniture market in the Asia Pacific is expected to register significant growth, owing to the increasing number of the working population. Growth in the economy and improving work conditions are the major factors that are fuelling the demand for office furniture in the Asia Pacific region. Moreover, the expansion of corporate offices in the region is expected to positively impact the growth of the office furniture market in the Asia-Pacific region. China and India are the prominent markets in the region. Growth in the economy and improving work conditions are the major factors that are fuelling the demand for office furniture in the Asia Pacific region.
Rapid economic growth in countries like China, India, and Southeast Asian nations has led to increased office space demand. The need for technology integration in office furniture, such as smart desks and charging solutions, is driving innovation.
The COVID-19 pandemic had a profound impact on the office furniture market. Many businesses implemented remote work policies, which affected demand for traditional office furniture while increasing demand for home office furniture.
Asia-Pacific Office Furniture Market Trends
Growth in Chinese Office Furniture Market
China is the leading office furniture manufacturer and exporter at a world level. With the development of China's economic construction, many new-type companies have been established, and the demand for office furniture has grown rapidly. The demand for office furniture industry in China is growing year by year. China's office furniture enterprises have first-class production equipment, and the quality of products is stable and reliable, and cost-effective. China is the major exporter and the main supplier of office furniture for the United States, Germany, France, the United Kingdom and Japan. Both domestic and foreign office furniture companies play an important part in China’s office furniture market. The office furniture market in China gradually built into an industrial-scale business through several decades of evolution. In the long term, due to the booming need, the office furniture market in China still has potential.
Desks & Chairs Segment Occupies the Largest Market Share of Home Office Furniture
The COVID-19 pandemic has accelerated the adoption of remote work across Asia. As people transitioned to working from home, the demand for home office furniture, especially desks and chairs, surged. These are essential components of a functional home office setup.With more people working from home for extended periods, the importance of ergonomics and comfort became a priority. This led to increased demand for ergonomic chairs and adjustable desks to create comfortable and productive workspaces.Consumers in Asia are increasingly looking for furniture pieces that can be customized to meet their specific needs and preferences. This trend particularly applies to chairs and desks, where height, material, and design choices matter.The Asia market has seen a rise in entrepreneurship and home-based businesses. Entrepreneurs often require well-equipped home offices, further boosting the demand for desks and chairs.Desks and chairs, especially those at different price points, are more accessible to a broader range of consumers, which also contributes to their dominance in the home office furniture market.
Asia-Pacific Office Furniture Industry Overview
Asia-Pacific Market is highly competitive, with numerous manufacturers and suppliers vying for market share. Major multinational firms participating in the Asia-Pacific office furniture industry are included in this report. The demand for modular offices is expanding as more inventive designs flood the market. Some of the biggest competitors now lead the industry in terms of market share. Mid-size and smaller businesses, on the other hand, are expanding their market presence by gaining new contracts and entering new markets because of technology improvement and product innovation. The global leaders in the Asia-Pacific office furniture market include Fursys, Haworth, Herman Miller, Hyundai Livart, Itoki, and others.
Asia-Pacific Office Furniture Market Leaders
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Fursys
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Haworth
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Herman Miller
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Hyundai Livart
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Itoki
*Disclaimer: Major Players sorted in no particular order
Asia-Pacific Office Furniture Market News
- In March 2023: JIECANG launched a series of new lifting system products under the theme of "BE AGILE. BE READY". The products cover solutions such as electric standing desk solutions, movable flip standing desk solutions, telephone booth lifting systems, and television lifting systems.
- In March 2023: office furniture brand Hermer Miller introduced the Passport Work Table, a compact and mobile height-adjustable desk to suit home and hybrid work environments. The Passport Work Table is a laptop desk with a pneumatic lifting mechanism, allowing the user to raise or lower the work surface using an under-desk lever without needing to be plugged into power.
Asia-Pacific Office Furniture Market Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Deliverables
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET INSIGHTS AND DYNAMICS
- 4.1 Market Overview
- 4.2 Market Drivers
- 4.3 Market Restraints
- 4.4 Market Oppurtunities
- 4.5 Industry Value/Supply Chain Analysis
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4.6 Porters 5 Force Analysis
- 4.6.1 Threat of New Entrants
- 4.6.2 Bargaining Power of Buyers/Consumers
- 4.6.3 Bargaining Power of Suppliers
- 4.6.4 Threat of Substitute Products
- 4.6.5 Intensity of Competitive Rivalry
- 4.7 Insights on impact of technology and innovation in the Market
- 4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
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5.1 Material
- 5.1.1 Wood
- 5.1.2 Metal
- 5.1.3 Plastic
- 5.1.4 Other Materials
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5.2 Product
- 5.2.1 Seating
- 5.2.2 Storage Units
- 5.2.3 Workstations
- 5.2.4 Tables
- 5.2.5 Other Accessories
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5.3 Distribution Channel
- 5.3.1 Offline
- 5.3.2 Online
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5.4 Geography
- 5.4.1 China
- 5.4.2 Japan
- 5.4.3 India
- 5.4.4 South Korea
- 5.4.5 Australia
- 5.4.6 New Zealand
- 5.4.7 Rest of Asia-Pacific
6. COMPETITIVE LANDSCAPE
- 6.1 Market Concentration Overview
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6.2 Company Profiles
- 6.2.1 Fursys
- 6.2.2 Haworth
- 6.2.3 Herman Miller
- 6.2.4 Hyundai Livart
- 6.2.5 Itoki
- 6.2.6 Kinwai
- 6.2.7 Kokuyo
- 6.2.8 Lamex
- 6.2.9 Merryfair
- 6.2.10 Modernform
- 6.2.11 Okamura
- 6.2.12 Perfect Office
- 6.2.13 Schiavello
- 6.2.14 Steelcase
- 6.2.15 Sunon
- 6.2.16 UB Group
- 6.2.17 Uchida Yoko
- 6.2.18 UE Furniture
- 6.2.19 Apex
- 6.2.20 Henglin Chair*
- *List Not Exhaustive
7. Future Market Trends
8. APPENDIX
Asia-Pacific Office Furniture Industry Segmentation
Office furniture is furniture that is used in an office or home for setting to create a comfortable, functional, and organized work environment and is free-standing and does not require installation with component parts. Examples are desks, chairs, file cabinets, tables, lounge seating, and computer desks. Asia Pacific office furniture market is segmented by material, products, distribution channel, and country. Material are segmented by wood, metal, plastics, and others. Products are segmented by seating, storage units, workstations, tables, and other accessories. Distribution channels are segmented offline, and online, and countries are segmented by China, India, Japan, South Korea, Australia, New Zealand, rest of Asia Pacific. the report offers market size and forecasts for the Asia Pacific office furniture market in value (USD) for all the above segments.
| Material | Wood |
| Metal | |
| Plastic | |
| Other Materials | |
| Product | Seating |
| Storage Units | |
| Workstations | |
| Tables | |
| Other Accessories | |
| Distribution Channel | Offline |
| Online | |
| Geography | China |
| Japan | |
| India | |
| South Korea | |
| Australia | |
| New Zealand | |
| Rest of Asia-Pacific |
Asia-Pacific Office Furniture Market Research FAQs
How big is the Asia-Pacific Office Furniture Market?
The Asia-Pacific Office Furniture Market size is expected to reach USD 81.80 billion in 2024 and grow at a CAGR of 6.54% to reach USD 112.28 billion by 2029.
What is the current Asia-Pacific Office Furniture Market size?
In 2024, the Asia-Pacific Office Furniture Market size is expected to reach USD 81.80 billion.
Who are the key players in Asia-Pacific Office Furniture Market?
Fursys, Haworth, Herman Miller, Hyundai Livart and Itoki are the major companies operating in the Asia-Pacific Office Furniture Market.
What years does this Asia-Pacific Office Furniture Market cover, and what was the market size in 2023?
In 2023, the Asia-Pacific Office Furniture Market size was estimated at USD 76.45 billion. The report covers the Asia-Pacific Office Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Asia-Pacific Office Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Asia-Pacific Office Furniture Industry Report
Statistics for the 2024 Asia-Pacific Office Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Asia-Pacific Office Furniture analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
