The North America contract furniture market was valued at USD 31,886.22 Million in 2022.
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.
Chairs & tools are the leading segment by type, holding over 35% share in value in 2022.
The corporate office segment governs the demand for contract furniture worldwide, holding a massive share of over 40% in 2022.
The furniture marts segment is expected to post the highest CAGR during the forecast period.
United States is fueling the growth of the contract furniture industry, with over one-third share in 2022.
The top players include Steelcase Inc., Haworth Inc., Teknion Corp., Herman Miller Inc. and Global Furniture Group.
Several factors, including a high demand for interior decorating and consumer interest in modular furniture, drive the North American 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.
The North American contract furniture market offers significant growth opportunities, including hybrid workplace cultures and a growing e-commerce sector.