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Asia Pacific Office Furniture Market Size, Share, Trends: By Product Type: Seating, Systems, Storage Units and File Cabinets, Tables, Overhead Bins, Others; By Material Type: Wood, Metal, Plastic, Fibre, Glass, Others; By Distribution Channel: Direct, Indirect; Regional Analysis; Market Dynamics: SWOT Analysis; Competitive Landscape; 2024-2032
Asia Pacific Office Furniture Market Outlook
The Asia Pacific office furniture market size reached USD 72.88 billion in 2023. The market is expected to grow at a CAGR of 7.98% between 2024 and 2032, reaching USD 140.92 billion by 2032.
Key Takeaways:
- Major Chinese furniture makers earned 34.42 billion yuan (4.88 billion USD) in profits during Jan-Oct 2022, reports the National Bureau of Statistics.
- Japan's wood product demand reached 82.13 million m3 in 2021, according to The Ministry of Agriculture, Forestry, and Fisheries.
- India' office furniture industry is expected to show good potential due to the government's focus on attracting greenfield investors.
Seating drives the Asia Pacific office furniture market growth due to its ability to offer ergonomic support, which reduces strain and enhances posture.
Comfortable seating also contributes to improved employee well-being, resulting in heightened productivity and satisfaction levels. Top-notch office seating promotes ergonomic support, enhancing posture and reducing strain. A range of options, from tasks to lounge chairs, allows tailored customization for diverse work preferences. Space-saving designs elevate the office ambience, while durable, sustainable materials ensure long-lasting comfort and well-being.
In May 2023, Okamura, a leading Japanese office furniture brand, unveiled the Sphere chair at Chicago's NeoCon 2023 expo. Crafted from recycled ocean fishing nets, it boasted a "3D physical fit shell" for personalized comfort. Featuring adjustable elements and eco-friendly materials, the chair emphasises user well-being and sustainability.
Efficient office systems, such as desks, workstations, and partitions, streamline workspace organization, fostering seamless workflow and collaboration. Modular configurations adapt effortlessly to evolving needs, maximizing space utilization without disruption. These systems seamlessly integrate technology, promote employee teamwork, and offer flexible, budget-friendly solutions for expanding businesses.
Market Segmentation
Asia Pacific Office Furniture Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
- Seating
- Systems
- Storage Units and File Cabinets
- Tables
- Overhead Bins
- Others
Market Breakup by Material Type
- Wood
- Metal
- Plastic
- Fibre
- Glass
- Others
Market Breakup by Distribution Channel
- Direct
- Indirect
Market Breakup by Country
- China
- Japan
- India
- ASEAN
- Australia
- Others
The Asia Pacific office furniture market key players are Fursys Inc., Haworth Inc., Herman Miller, Inc., Hyundai Livart Co., Ltd., Steelcase Inc., MillerKnoll, Inc., KOKUYO Co., Ltd., OKAMURA CORPORATION, SUNON FURNITURE and Itoki Corporation among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Product Type |
|
| Breakup by Material Type |
|
| Breakup by Distribution Channel |
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| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Office Furniture Market Overview
8.1 Key Industry Highlights
8.2 Global Office Furniture Historical Market (2018-2023)
8.3 Global Office Furniture Market Forecast (2024-2032)
8.4 Global Office Furniture Market Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 Asia Pacific Office Furniture Market Overview
9.1 Key Industry Highlights
9.2 Asia Pacific Office Furniture Historical Market (2018-2023)
9.3 Asia Pacific Office Furniture Market Forecast (2024-2032)
10 Asia Pacific Office Furniture Market by Product Type
10.1 Seating
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Systems
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Storage units and File Cabinets
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Tables
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Overhead Bins
10.5.1 Historical Trend (2018-2023)
10.5.2 Forecast Trend (2024-2032)
10.6 Others
11 Asia Pacific Office Furniture Market by Material Type
11.1 Wood
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Metal
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 Plastic
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 Fibre
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Glass
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Asia Pacific Office Furniture Market by Distribution Channel
12.1 Direct
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Indirect
13 Asia Pacific Office Furniture Market by Country
13.1 China
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Japan
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 India
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 ASEAN
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Australia
13.5.1 Historical Trend (2018-2023)
13.5.2 Forecast Trend (2024-2032)
13.6 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators of Demand
14.4 Key Indicators of Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Fursys Inc.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Haworth Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Herman Miller, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Hyundai Livart Co., Ltd.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 Steelcase Inc.
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 MillerKnoll, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 KOKUYO Co.,Ltd.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 OKAMURA CORPORATION
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 SUNON FURNITURE
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 Itoki Corporation
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Office Furniture Market: Key Industry Highlights, 2018 and 2032
2. Asia Pacific Office Furniture Market: Key Industry Highlights, 2018 and 2032
3. Asia Pacific Office Furniture Historical Market: Breakup by Product Type (USD Billion), 2018-2023
4. Asia Pacific Office Furniture Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
5. Asia Pacific Office Furniture Historical Market: Breakup by Material Type (USD Billion), 2018-2023
6. Asia Pacific Office Furniture Market Forecast: Breakup by Material Type (USD Billion), 2024-2032
7. Asia Pacific Office Furniture Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
8. Asia Pacific Office Furniture Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
9. Asia Pacific Office Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
10. Asia Pacific Office Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. Asia Pacific Office Furniture Market Structure
Key Questions Answered in the Report
The market was valued at USD 72.88 billion in 2023.
The market is projected to grow at a CAGR of 7.98% between 2024 and 2032.
The revenue generated from the office furniture market is expected to reach USD 140.92 billion in 2032.
The office furniture market is categorised according to product type, which includes seating, systems, storage units, file cabinets, tables, overhead bins, and others.
The key players are Fursys Inc., Haworth Inc., Herman Miller, Inc., Hyundai Livart Co., Ltd., Steelcase Inc., MillerKnoll, Inc., KOKUYO Co., Ltd., OKAMURA CORPORATION, SUNON FURNITURE and Itoki Corporation among others.
Based on the distribution channel, the market is divided into direct and indirect.
The market is broken down into China, Japan, India, ASEAN, Australia, and others.
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