The North American contract furniture market is segmented by type, end-user, distribution channel, and country. Chair & tools type contract furnitureis the most popular, while corporate offices and hospitality & food services are the primary end-user segments. Furniture marts and e-commerce websites distribution channels are the most commonly used distribution channels, with the United States as the leading country in the market growth.
The North American contract furniture market has several drivers, including rapidly adopting ergonomic furniture in professional and personal office settings to assure worker efficiency and comfort. Additionally, the contract furniture market will see significant improvements as people become more aware of the advantages of keeping good body posture and more businesses use such furniture in their offices. However, the market also faces significant challenges, such as the high cost of contract furniture can impact consumer spending.
Nonetheless, the North American contract furniture market offers significant growth opportunities, including huge growth potential in the United States and the increasing adoption of contract furniture in corporate offices. Moreover, new ways of distribution, such as furniture marts and e-commerce websites, provide further growth prospects for the industry.
Market Overview
The North American contract furniture market has witnessed steady growth in recent years and is expected to continue growing at a CAGR of 5.13% between 2023 and 2030. The market was valued at USD 31,886.22 million in 2022 and is expected to reach USD 48,224.07 million in 2030.
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What Are The Main Drivers Of The North America Contract Furniture Market?
Several factors, including a high demand for interior decorating and rising interest of consumer in modular furniture, drive the North American contract furniture market.
What Are The Major Challenges Faced By The North America Contract Furniture Market?
The North American contract furniture market also faces several challenges, including the rising cost of contract furniture and economic instability, which can impact consumer spending.
What Are The Growth Opportunities In The North America Contract Furniture Market?
The North American contract furniture market offers significant growth opportunities, including hybridized workplace cultures and a growing e-commerce sector.
Executive Summary
Overview of the North America Contract Furniture Market
The expansion of the e-commerce industry globally, the preference for modular furniture among corporate clients, the rise in popularity of smart furniture, the trend towards a more contemporary work environment, and the changing lifestyles of people are some of the most significant and significant factors that are likely to speed up the growth. Furthermore, the development of the contract furniture market will be aided by technological advancement and the availability of new and superior materials, both of which will create enormous prospects.
Market Definition
Contract furniture is defined as an office or industrial furniture and furnishings produced per industry standards. Desks and workstations, seats and tables, shelves and storage cabinets, and sofa sets all fall under the category of contract furniture. It is primarily utilized in waiting rooms and reception areas in restaurants, hotels, workplaces, businesses, schools, and institutions. The frames of this kind of furniture are often made of steel or hardwood, built to withstand minimal weight standards, and normally come with a five-year warranty or more.
Market Insights
The global demand for contract furniture was valued at USD 31,886.22 Million in 2022 and is expected to reach USD 48,224.07 Million in 2030, growing at a CAGR of 5.13% between 2023 and 2030.
Chairs & tools are the leading segment by type and held over 35% share in terms of value in 2022, while the sofas segment is likely to exhibit the fastest CAGR during the forecast period.
The corporate offices segment governs the demand for contract furniture globally, holding a massive share of over 40% in 2022, and is expected to grow at a rapid CAGR.
The furniture marts segment is expected to post the highest CAGR with over 30% share during the forecast period, while the e-commerce websites segment is leading the market share in 2022.
United States held the largest share of over 80% in 2022 and is expected to be the fastest growing segment with a CAGR of over 5.21% between 2023 and 2030, while Canada and Mexico collectively account for just under 20% share in 2022.
Some of the most significant factors likely to accelerate growth include the global expansion of the e-commerce industry, corporate clients’ preference for modular furniture, the rise in popularity of smart furniture, the trend towards more contemporary work environments, and changes in people’s lifestyles.
It is anticipated that market restraints will prevent the growth of contract furniture due to the high cost of product consumption and the limited availability of products in terms of color, style, and configuration options.
Segmentation by Type
Chairs & tools are the leading segment by type and held over 35% share in terms of value in 2022.
The sofas segment will likely exhibit the fastest CAGR during the forecast period.
Cafeteria tables and chairs are another segment but contribute very little to the North American contract furniture market compared to the chairs & tools segments.
Segmentation by End-user
The corporate office’s segment governs the demand for contract furniture worldwide, holding a massive share of over 40% in 2022, and is also expected to grow at a rapid CAGR.
The hospitality & food services segment contributes to the demand for contract furniture.
Segmentation by Distribution Channel
The furniture marts segment is expected to post the highest share in the market of over 37% during the forecast period.
The e-commerce websites segment is leading the market share in 2022.
Other distribution channels, such as company-owned websites and specialty stores, also contribute to the demand for contract furniture.
Segmentation by Country
The United States was fueling the growth of the contract furniture industry with over 80% share in 2022.
Canada and Mexico collectively account for just under 20% share in 2022.
The expanding economy and bettering working conditions are the main drivers of this market’s demand. Numerous company headquarters are expanding, which will favorably affect this industry. However, the high cost of product consumption and the restricted product availability in terms of color, style, and configuration possibilities are expected to function as market inhibitors for developing contract furniture.
The United States is one of the largest markets for contract furniture in North America, with a significant share of the market due to the rising need for operational spaces and the expansion of office and corporate building construction throughout the country. Due to the rising need for modular furniture and interior decoration & design, the U.S. contract furniture market is anticipated to experience promising growth. Additionally, the recent pandemic has boosted telecommuting, which permits employees to bring office supplies home, raising the demand for home office furniture. This is anticipated to fuel market expansion even more.
Canada is also a major market for contract furniture in the North American region, with a significant market share. The growth is mostly related to the presence of a large number of firms and the country’s strong product demand. In addition, there has been an extraordinary increase in business activity, with significant manufacturers concentrating on growing their operations in important regional economies. Additionally, as more people have jobs, there are more offices, increasing demand for office furniture.
Overall, growing contract furniture demand around the globe is the main factor driving the market. The industry’s growth is being sped up by the constant use of contract furniture in commercial settings such as corporate parks, healthcare/medical facilities, five-star hotels & restaurants, and institutions. The growth of startups globally also contributes to the market expansion for office space. Additionally, during the projected period, the market would benefit from the growing initiative of the major competitors in the industry.
The high cost of product usage and the constrained product availability in terms of color, design, and configuration options will likely restrain the market expansion for contract furniture and furnishing throughout the anticipated period. The main barrier to the market’s growth will be the difficulty of locating similar, high-quality used workstations.
Interior Design and Decoration are in High Demand
Contract furniture is frequently used in dining establishments, lodging facilities, workplaces, educational institutions, waiting rooms, and reception areas. Businesses use contract furniture to increase staff productivity while keeping comfort in mind, and for small or large workplaces in the US, they also frequently employ an interior designer. The rising demand for interior designers and decorators for homes and offices is driving the U.S. market for contract furniture and furnishing. Future results are predicted to be favorable as well.
Furthermore, real estate sees significant expansion due to 100% foreign direct investment in the township, smart city, commercial building, and settlement development projects. This attracts investors, which raises the standard of residential units. The requirement to outfit new projects will increase demand for furniture, which will benefit from residential and commercial development growth. In the area, tourism has been growing quickly.
Modular Furniture is Becoming Increasingly Popular
A modular piece of furniture is a prefabricated item that may be used in many ways to decorate any area. Users can combine the components in one setting for more utility or use the individual parts as standalone furnishings. Modular furniture is necessary for offices across the U.S. due to the continually changing office environment and functions of an employee over time. It has fueled demand, which is anticipated to benefit the expansion of the U.S. contract furniture and furnishing business.
Contract furniture comes at a high price
Contract furniture is designed to adhere to industry standards and undergo rigorous certification and testing procedures, giving customers confidence in their purchase. However, as a contract furniture’s functionality, dependability, and applications grow, so does the cost of the finished item, eventually reaching a price range well within the means of many small firms. Many small and medium-sized firms in the United States struggle to decide because of the high cost of contract furniture. As a result, it might serve as a brake on expanding the American market for contract furniture and furnishings.
Economic Uncertainty
The COVID-19 pandemic has had a wide range of effects on the contract furniture market. Retailer and consumer behavior have been influenced by changes in demand, material shortages, delivery delays, and an emphasis on e-commerce solutions. Lockdowns and restrictions during the epidemic’s early stages prompted furniture businesses to adapt quickly, and many merchants created an online presence or enhanced an existing arrangement. Numerous businesses have created new websites and applications.
There were fewer sales of contract furniture in 2021 than there were in 2020, reflecting a declining demand. However, there has been a significant increase in demand for contract furniture and accessories as a significant portion of the population adapted to working from home and sought to enhance their workspaces. Furthermore, the pandemic has caused a significant interruption in the furniture industry’s supply chain. Furniture manufacturers need raw supplies, and the epidemic impacted transportation. Thus, these factors hindered the market growth.
Growth in the E-commerce Industry
E-commerce (or electronic commerce) refers to a wide range of information, platforms, and resources for online buyers and sellers, such as mobile shopping and encrypted online transactions. Most furniture companies with an online presence currently use an online store and platform to manage logistics and fulfilments, perform e-commerce marketing and sales operations, and so on. This has led to the e-commerce sector’s explosive expansion in the U.S.
Creating Hybrid Workplace Cultures
The COVID-19 pandemic has altered the workplace culture in many industries across the U.S. economy. Working from home during lockdowns and afterward has allowed the American contract furniture and furnishing sector to flourish and broaden its applications. Due to its improved flexibility and agility, higher levels of productivity, and benefits for the workers, the hybrid workplace culture has several advantages over the traditional workplace culture. WFH is anticipated to employ more people in the future, which will present a growth potential for the U.S. contract furniture and furnishing business.
Competitive Landscape
Key Players
The North America contract furniture market is highly competitive, with the presence of several key players. Some of the major players in the market and their market share are as follows:
Haworth Inc.
Herman Miller Inc.
Humanscale International Holdings Ltd.
Knoll Inc.
Steelcase Inc.
Kimball International, Inc.
Virco
Teknion Corp.
Global Furniture Group
Nienkamper International, Inc
Others
These companies focus on product innovation, expanding their distribution channels, and mergers and acquisitions to stay ahead in the market.
The major North American contract furniture market players constantly strive to stay ahead by introducing new products and innovations.
In July 2022, Herman Miller Gaming, a division of MillerKnoll, and G2 Esports announced their collaboration. The relationship will give G2’s gaming teams access to Herman Miller Gaming gear and give the teams unique chances to work together on upcoming products and research. Thanks to this alliance, the company will maintain its competitive edge in the industry.
In July 2022, Kokuyo paid US$ 75 million to purchase the Lame Office Furniture division of HNI Corporation in China and Hong Kong.
In April 2021, the merger of Herman Miller and Knoll created the foremost authority in contemporary design, which sparked a change of the home and workplace.
In January 2021, the successful conclusion of the Design Public Group transaction was announced by HNI Corporation. They have bought a top online retailer of modern furnishings for homes and offices. This business acquired the Design public group’s clientele.
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The market’s growth can be attributed to both the developing hospitality industry and the rising demand for office space.
Market segmented by type, end-user, and distribution channel.
Corporate office contract furniture is the most popular, with hospitality & food services as primary end-user segments.
Furniture marts and e-commerce websites are most commonly used as distribution channels.
The United States is leading market growth; the market is highly competitive with key players including Haworth Inc., Herman Miller Inc., Humanscale International Holdings Ltd., Knoll Inc., Steelcase Inc., Kimball International, Inc., Virco, Teknion Corp., Global Furniture Group, Nienkamper International, Inc and Others.
Future Outlook
Positive outlook for the North American contract furniture market with significant growth potential in the United States
High demand for interior decorating and the rising interest of consumers in modular furniture are major market drivers
the rising cost of contract furniture and economic instability impact the market expansion
Key players to focus on product innovation, expanding market reach and maintaining competitive pricing to stay ahead.
CHAPTER NO. 3 : COVID 19 IMPACT ANALYSIS 18
3.1. Impact Assessment of COVID-19 Pandemic, By Region 18
CHAPTER NO. 4 : CONTRACT FURNITURE MARKET – INDUSTRY ANALYSIS 23
4.1. Introduction 23
4.2. Market Drivers 24
4.2.1. Interior design and decoration are in high demand. 24
4.2.2. Modular furniture is becoming increasingly popular 24
4.2.3. Growth in the e-commerce industry 25
4.3. Market Restraints 26
4.3.1. Restraining Factor Analysis 26
4.3.2. Economic uncertainty 26
4.4. Market Opportunities 27
4.4.1. Creating hybrid workplace cultures 27
4.5. Porter’s Five Forces Analysis 28
4.6. Value Chain Analysis 29
CHAPTER NO. 5 : KEY INVESTMENT POCKETS ANALYSIS 30
5.1. Top Investment Pockets 30
5.1.1.1. Contract Furniture Market Attractiveness Analysis, By Type 30
5.1.1.2. Contract Furniture Market Attractiveness Analysis, By End-user 31
5.1.1.3. Contract Furniture Market Attractiveness Analysis, By Distribution Channel 32
5.2. Incremental Revenue Growth Opportunity, 2023 – 2030 33
5.2.1. Type 33
5.2.2. End-user 33
5.2.3. Distribution Channel 34
CHAPTER NO. 6 : MARKET POSITIONING OF KEY PLAYERS 35
6.1. Company Market Share Analysis –2020 and 2022 35
6.1.1. North America Contract Furniture Market: Company Market Share, 2022 35
6.1. North America Contract Furniture Market Company Volume Market Share, 2022 36
6.2. North America Contract Furniture Market Company Revenue Market Share, 2020 to 2022 37
6.3. Market Position of Key Players 2022 38
6.3.1. Market Position of Key Players, 2022 38
6.4. Strategic Developments 39
6.4.1. Acquisitions & Mergers 39
CHAPTER NO. 7 : CONTRACT FURNITURE MARKET – BY TYPE SEGMENT ANALYSIS 41
7.1. Contract Furniture Market Overview, by Type Segment 41
7.1.1. North America Contract Furniture Market Revenue Share, By Type, 2022 & 2030 41
7.2. Desks & Tables 42
7.3. Chairs & Tools 42
7.4. Storage Cabinets 43
7.5. Sofas 43
7.6. Cafeteria Tables & Chairs 44
7.7. Others (Presentation Stands & Lightings etc.) 44
CHAPTER NO. 9 : CONTRACT FURNITURE MARKET – BY DISTRIBUTION CHANNEL SEGMENT ANALYSIS 49
9.1. Contract Furniture Market Overview, by Distribution Channel Segment 49
9.1.1. North America Contract Furniture Market Revenue Share, By Distribution Channel, 2022 & 2030 49
9.2. E-commerce websites 50
9.3. Company-Owned Websites 50
9.4. Specialty Stores 51
9.5. Furniture Marts 51
9.6. Others 52
CHAPTER NO. 10 : CONTRACT FURNITURE MARKET – REGIONAL ANALYSIS 53
10.1. Contract Furniture Market Overview, by Region Segment 53
10.2. North America 53
10.2.1. North America Contract Furniture Market Revenue Share, By Country, 2022 & 2030 54
10.2.2. North America Contract Furniture Market Revenue, By Type, 2017 – 2022 (USD Million) 55
10.2.3. North America Contract Furniture Market Revenue, By End-user, 2017 – 2022 (USD Million) 56
10.2.4. North America Contract Furniture Market Revenue, By Distribution Channel, 2017 – 2022 (USD Million) 57
10.2.5. North America Contract Furniture Market Revenue, By Country, 2017 – 2022 (USD Million) 58
10.2.6. U.S. 59
10.2.6.1. U.S. Contract Furniture Market Revenue, By Type, 2017 – 2022 (USD Million) 59
10.2.6.2. U.S. Contract Furniture Market Revenue, By End-user, 2017 – 2022 (USD Million) 60
10.2.6.3. U.S. Contract Furniture Market Revenue, By Distribution Channel, 2017 – 2022 (USD Million) 61
10.2.7. Canada 62
10.2.7.1. Canada Contract Furniture Market Revenue, By Type, 2017 – 2022 (USD Million) 62
10.2.7.2. Canada Contract Furniture Market Revenue, By End-user, 2017 – 2022 (USD Million) 63
10.2.7.3. Canada Contract Furniture Market Revenue, By Distribution Channel, 2017 – 2022 (USD Million) 64
10.2.8. Mexico 65
10.2.8.1. Mexico Contract Furniture Market Revenue, By Type, 2017 – 2022 (USD Million) 65
10.2.8.2. Mexico Contract Furniture Market Revenue, By End-user, 2017 – 2022 (USD Million) 66
10.2.8.3. Mexico Contract Furniture Market Revenue, By Distribution Channel, 2017 – 2022 (USD Million) 67
CHAPTER NO. 11 : COMPANY PROFILES 68
11.1. Haworth Inc. 68
11.1.1. Company Overview 68
11.1.2. Product Portfolio 68
11.1.3. Financial Overview 69
11.2. Herman Miller Inc. 70
11.2.1. Company Overview 70
11.2.2. Product Portfolio 70
11.2.3. Financial Overview 71
11.3. Humanscale International Holdings Ltd. 72
11.3.1. Company Overview 72
11.3.2. 72
11.3.3. Product Portfolio 73
11.3.4. Financial Overview 73
11.4. Knoll Inc. 74
11.4.1. Company Overview 74
11.4.2. Product Portfolio 74
11.4.3. Financial Overview 75
11.5. Steelcase Inc. 76
11.5.1. Company Overview 76
11.5.2. Product Portfolio 77
11.5.3. Financial Overview 77
11.6. Kimball International, Inc. 78
11.6.1. Company Overview 78
11.6.2. Product Portfolio 79
11.6.3. Financial Overview 79
11.7. Virco 80
11.7.1. Company Overview 80
11.7.2. 80
11.7.3. Product Portfolio 81
11.7.4. Financial Overview 81
11.8. Teknion Corp. 82
11.8.1. Company Overview 82
11.8.2. 82
11.8.3. Product Portfolio 83
11.8.4. Financial Overview 83
11.9. Global Furniture Group 84
11.9.1. Company Overview 84
11.9.2. 84
11.9.3. Product Portfolio 85
11.9.4. Financial Overview 85
11.10. Nienkamper International, Inc 86
11.10.1. Company Overview 86
11.10.2. 86
11.10.3. Product Portfolio 87
11.10.4. Financial Overview 87
CHAPTER NO. 12 : RESEARCH METHODOLOGY 88
12.1. Research Methodology 88
12.2. Phase I – Secondary Research 89
12.3. Phase II – Data Modeling 89
12.3.1. Company Share Analysis Model 90
12.3.2. Revenue Based Modeling 90
12.4. Phase III – Primary Research 91
12.5. Research Limitations 92
12.5.1. Assumptions 92
List of Figures
FIG NO. 1. North America Contract Furniture Market Volume & Revenue, 2017 – 2030 (USD Million) 17
FIG NO. 2. Global Contract Furniture Market, 2020 – 2030 (USD Million) 20
FIG NO. 3. World merchandise trade volume, 2000‑2022 22
FIG NO. 4. Porter’s Five Forces Analysis for North America Contract Furniture Market 28
FIG NO. 5. Value Chain Analysis for North America Contract Furniture Market 29
FIG NO. 6. Market Attractiveness Analysis, By Type 30
FIG NO. 7. Market Attractiveness Analysis, By End-user 31
FIG NO. 8. Market Attractiveness Analysis, By Distribution Channel 32
FIG NO. 9. Incremental Revenue Growth Opportunity by Type 33
FIG NO. 10. Incremental Revenue Growth Opportunity by End-user 33
FIG NO. 11. Incremental Revenue Growth Opportunity by Distribution Channel 34
FIG NO. 12. Company Share Analysis, 2022 35
FIG NO. 13. Contract Furniture Market – Company Revenue, 2020 to 2022 (USD Million) 36
FIG NO. 14. Contract Furniture Market – Company Revenue Market Share, 2020 to 2022 37
FIG NO. 15. Market Position of Key Players, 2022 38
FIG NO. 16. North America Contract Furniture Market Revenue Share, By Type, 2022 & 2030 41
FIG NO. 17. North America Contract Furniture Market for Desks & Tables, Revenue (USD Million) 2017 – 2030 42
FIG NO. 18. North America Contract Furniture Market for Chairs & Tools, Revenue (USD Million) 2017 – 2030 42
FIG NO. 19. North America Contract Furniture Market for Storage Cabinets, Revenue (USD Million) 2017 – 2030 43
FIG NO. 20. North America Contract Furniture Market for Sofas, Revenue (USD Million) 2017 – 2030 43
FIG NO. 21. North America Contract Furniture Market for Cafeteria Tables & Chairs, Revenue (USD Million) 2017 – 2030 44
FIG NO. 22. North America Contract Furniture Market for Other Application, Revenue (USD Million) 2017 – 2030 44
FIG NO. 23. North America Contract Furniture Market Revenue Share, By End-user, 2022 & 2030 45
FIG NO. 24. North America Contract Furniture Market for Corporate Offices, Revenue (USD Million) 2017 – 2030 46
FIG NO. 25. North America Contract Furniture Market for Hospitals, Revenue (USD Million) 2017 – 2030 46
FIG NO. 26. North America Contract Furniture Market for Hospitality & Food Services, Revenue (USD Million) 2017 – 2030 47
FIG NO. 27. North America Contract Furniture Market for Institutions, Revenue (USD Million) 2017 – 2030 47
FIG NO. 28. North America Contract Furniture Market for Others (Schools, Airports etc.), Revenue (USD Million) 2017 – 2030 48
FIG NO. 29. North America Contract Furniture Market Revenue Share, By Distribution Channel, 2022 & 2030 49
FIG NO. 30. North America Contract Furniture Market for E-commerce websites, Revenue (USD Million) 2017 – 2030 50
FIG NO. 31. North America Contract Furniture Market for Company-Owned Websites, Revenue (USD Million) 2017 – 2030 50
FIG NO. 32. North America Contract Furniture Market for Specialty Stores, Revenue (USD Million) 2017 – 2030 51
FIG NO. 33. North America Contract Furniture Market for Furniture Marts, Revenue (USD Million) 2017 – 2030 51
FIG NO. 34. North America Contract Furniture Market for Others, Revenue (USD Million) 2017 – 2030 52
FIG NO. 35. North America Contract Furniture Market Revenue, 2017 – 2022 (USD Million) 53
FIG NO. 36. North America Contract Furniture Market Revenue Share, By Country, 2022 & 2030 54
FIG NO. 37. Research Methodology – Detailed View 88
FIG NO. 38. Research Methodology 89
List of Tables
TABLE NO. 1. : North America Contract Furniture Market: Snapshot 15
TABLE NO. 2. : Estimated Impact of The Coronavirus (Covid-19) Epidemic on Contract Furniture Market Size In 2022, By Scenario 20
TABLE NO. 3. : Drivers for the Contract Furniture Market: Impact Analysis 24
TABLE NO. 4. : Restraints for the Contract Furniture Market: Impact Analysis 26
TABLE NO. 5. : North America Contract Furniture Market Revenue, By Type, 2017 – 2022 (USD Million) 55
TABLE NO. 6. : North America Contract Furniture Market Revenue, By Type, 2023– 2030 (USD Million) 55
TABLE NO. 7. : North America Contract Furniture Market Revenue, By End-user, 2017 – 2022 (USD Million) 56
TABLE NO. 8. : North America Contract Furniture Market Revenue, By End-user, 2023– 2030 (USD Million) 56
TABLE NO. 9. : North America Contract Furniture Market Revenue, By Distribution Channel, 2017 – 2022 (USD Million) 57
TABLE NO. 10. : North America Contract Furniture Market Revenue, By Distribution Channel, 2023– 2030 (USD Million) 57
TABLE NO. 11. : North America Contract Furniture Market Revenue, By Country, 2017 – 2022 (USD Million) 58
TABLE NO. 12. : North America Contract Furniture Market Revenue, By Country, 2023– 2030 (USD Million) 58
TABLE NO. 13. : U.S. Contract Furniture Market Revenue, By Type, 2017 – 2022 (USD Million) 59
TABLE NO. 14. : U.S. Contract Furniture Market Revenue, By Type, 2023– 2030 (USD Million) 59
TABLE NO. 15. : U.S. Contract Furniture Market Revenue, By End-user, 2017 – 2022 (USD Million) 60
TABLE NO. 16. : U.S. Contract Furniture Market Revenue, By End-user, 2023– 2030 (USD Million) 60
TABLE NO. 17. : U.S. Contract Furniture Market Revenue, By Distribution Channel, 2017 – 2022 (USD Million) 61
TABLE NO. 18. : U.S. Contract Furniture Market Revenue, By Distribution Channel, 2023– 2030 (USD Million) 61
TABLE NO. 19. : Canada Contract Furniture Market Revenue, By Type, 2017 – 2022 (USD Million) 62
TABLE NO. 20. : Canada Contract Furniture Market Revenue, By Type, 2023– 2030 (USD Million) 62
TABLE NO. 21. : Canada Contract Furniture Market Revenue, By End-user, 2017 – 2022 (USD Million) 63
TABLE NO. 22. : Canada Contract Furniture Market Revenue, By End-user, 2023– 2030 (USD Million) 63
TABLE NO. 23. : Canada Contract Furniture Market Revenue, By Distribution Channel, 2017 – 2022 (USD Million) 64
TABLE NO. 24. : Canada Contract Furniture Market Revenue, By Distribution Channel, 2023– 2030 (USD Million) 64
TABLE NO. 25. : Mexico Contract Furniture Market Revenue, By Type, 2017 – 2022 (USD Million) 65
TABLE NO. 26. : Mexico Contract Furniture Market Revenue, By Type, 2023– 2030 (USD Million) 65
TABLE NO. 27. : Mexico Contract Furniture Market Revenue, By End-user, 2017 – 2022 (USD Million) 66
TABLE NO. 28. : Mexico Contract Furniture Market Revenue, By End-user, 2023– 2030 (USD Million) 66
TABLE NO. 29. : Mexico Contract Furniture Market Revenue, By Distribution Channel, 2017 – 2022 (USD Million) 67
TABLE NO. 30. : Mexico Contract Furniture Market Revenue, By Distribution Channel, 2023– 2030 (USD Million) 67
What is the current size of the North America contract furniture market?
The North America contract furniture market was valued at USD 31,886.22 Million in 2022.
What is the expected growth rate of the contract furniture market between 2023 and 2030?
The contract furniture market is expected to grow at a CAGR of 5.13% between 2023 and 2030, reaching USD 48,224.07 Million in 2030.
Which segment is leading the market share in terms of type?
Chairs & tools are the leading segment by type, holding over 35% share in value in 2022.
Which end-user segment governs the demand for contract furniture in the world?
The corporate office segment governs the demand for contract furniture worldwide, holding a massive share of over 40% in 2022.
Which distribution channel segment is expected to post the highest CAGR during the forecast period?
The furniture marts segment is expected to post the highest CAGR during the forecast period.
Which country is fueling the growth of the contract furniture industry?
United States is fueling the growth of the contract furniture industry, with over one-third share in 2022.
Who are the major players in the North American contract furniture market?
The top players include Steelcase Inc., Haworth Inc., Teknion Corp., Herman Miller Inc. and Global Furniture Group.
What are the major market drivers of the contract furniture industry?
Several factors, including a high demand for interior decorating and consumer interest in modular furniture, drive the North American contract furniture market.
What are the major market restraints of the contract furniture industry?
The North American contract furniture market also faces several challenges, including the rising cost of contract furniture and economic instability, which can impact consumer spending.
What are the major market opportunities of the contract furniture industry?
The North American contract furniture market offers significant growth opportunities, including hybrid workplace cultures and a growing e-commerce sector.
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