Market Size of United Kingdom Office Furniture Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Market Size (2024) | USD 5.21 Billion |
Market Size (2029) | USD 5.98 Billion |
CAGR (2024 - 2029) | 2.78 % |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
UK Office Furniture Market Analysis
The United Kingdom Office Furniture Market size is estimated at USD 5.21 billion in 2024, and is expected to reach USD 5.98 billion by 2029, growing at a CAGR of 2.78% during the forecast period (2024-2029).
COVID-19 has had a severe impact on the office furniture market in 2020. The demand for office furniture is expected to have declined despite a move to homeworking. The permanent shift in working habits has changed the office furniture market as the sales of seating products have shown the most growth in recent years due to the setup of home offices.
The United Kingdom is the second-largest furniture market in Europe, and non-specialist retailers dominate the British furniture distribution system. Due to an improving economy, with business confidence levels returning to growth and expansion of businesses increasing their expenditure on additional office space and furniture, the demand for office furniture is growing steadily in the country.
The office furniture market in the country is divided into two major categories, the corporate sector, which is serviced by the UK and overseas branded suppliers, either directly to end-users or via fit-out specialists and furniture dealers, and the small office sector, which is supplied mainly from countries like China and other low cost producing countries through mail orders, Internet and retail outlets. It is estimated that 30% of the UK's furniture manufacturing turnover is attributable to the office and contract sub-sectors. This industry produces a wide range of office furniture, including office desks, workstations, seating, tables, cabinets, and other items for the office environment.
UK Office Furniture Industry Segmentation
This report aims to provide a detailed analysis of the United Kingdom's office furniture market. It focuses on the market dynamics, emerging trends in the segments and regional markets, and insights into the various product and application types. The United Kingdom's office furniture market is segmented by Type (Seating, Tables, Storage, Desks, and Other Office Furniture) and Distribution Channel (Home Centers, Flagship Stores, Specialty Stores, Online, and Other Distribution Channels). The report provides the market sizes and forecasts in terms of value in USD billion.
By Type | |
Seating | |
Tables | |
Storage | |
Desks | |
Others office furniture |
By Distribution Channels | |
Home Centers | |
Flagship Stores | |
Specialty Stores | |
Online Stores | |
Other Distribution Channels |
United Kingdom Office Furniture Market Size Summary
The United Kingdom office furniture market is experiencing a steady growth trajectory, driven by an improving economy and increasing business confidence. As the second-largest furniture market in Europe, the UK sees significant demand for office furniture, particularly in the corporate sector, which is serviced by both UK and overseas branded suppliers. The market is characterized by a division between the corporate sector, which relies on direct sales and fit-out specialists, and the small office sector, which is predominantly supplied by low-cost producing countries like China. The market's growth is further fueled by the expansion of flexible office spaces, which are becoming more prevalent as companies adapt to new working habits that emphasize collaboration and adaptability. This shift has led to increased demand for adjustable and ergonomic furniture solutions.
The UK office furniture market is highly competitive and fragmented, with numerous suppliers striving to innovate in design and functionality to maintain their market positions. Major players such as Urban Office, Herman Miller, Steelcase, and Knoll are actively involved in product development to cater to evolving consumer needs. The market also relies heavily on imports, with significant contributions from countries like China, Germany, and other European nations. Despite challenges posed by the COVID-19 pandemic, which temporarily impacted import levels and shifted work culture, the market is poised for continued growth as businesses invest in office space and furniture to support their operations.
United Kingdom Office Furniture Market Size - Table of Contents
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1. MARKET DYNAMICS AND INSIGHTS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Value Chain/Supply Chain Analysis
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1.5 Industry Attractiveness - Porters' Five Forces Analysis
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1.5.1 Threat of New Entrants
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1.5.2 Bargaining Power of Buyers/Consumers
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1.5.3 Bargaining Power of Suppliers
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1.5.4 Threat of Substitute Products
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1.5.5 Intensity of Competitive Rivalry
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1.6 Insights of Technology Innovations in the Market
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1.7 Impact of COVID-19 on the Market
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2. MARKET SEGMENTATION
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2.1 By Type
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2.1.1 Seating
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2.1.2 Tables
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2.1.3 Storage
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2.1.4 Desks
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2.1.5 Others office furniture
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2.2 By Distribution Channels
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2.2.1 Home Centers
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2.2.2 Flagship Stores
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2.2.3 Specialty Stores
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2.2.4 Online Stores
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2.2.5 Other Distribution Channels
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United Kingdom Office Furniture Market Size FAQs
How big is the United Kingdom Office Furniture Market?
The United Kingdom Office Furniture Market size is expected to reach USD 5.21 billion in 2024 and grow at a CAGR of 2.78% to reach USD 5.98 billion by 2029.
What is the current United Kingdom Office Furniture Market size?
In 2024, the United Kingdom Office Furniture Market size is expected to reach USD 5.21 billion.