Market Trends of United States Office Furniture Industry
Increase in Office Construction Activity
- Office construction in the United States accounts for an estimated 15% of all non-residential construction and 6% of the total construction. Office construction activity is rapidly increasing, especially in areas like Seattle, Texas, and Silicon Valley.
- The growth of private companies, institutions, and startups is positively influencing the demand for commercial office furniture in the United States, as new workspaces need to be outfitted with furniture.
- The country is also witnessing a rise in the number of startups due to increased government funding from the US government for capital expansions and mentoring of entrepreneurs. This, in turn, is driving the demand for office spaces, further fueling the need for office furniture products.
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Seating Segment Emerges to be the Dominant Category
- The seating segment is one of the most important categories of office furniture, as employees spend a major portion of their time on office chairs.
- The seating segment is observing several product innovations, and companies are coming up with various product offerings, such as ergonomic chairs and swivel and stacking chairs.
- The expansion of office spaces and the increase in employment activity in the country is expected to further fuel the demand for office seating furniture.
