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The Mexico office furniture market size attained around USD 840.32 million in 2023. The market is projected to grow at a CAGR of 3.6% between 2024 and 2032 and reach nearly USD 1,149.61 million by 2032.
There is an increasing popularity of open offices that can promote work relationships and internal transit while stimulating creativity. This is surging the demand for modular office furniture that boosts the dynamics of collaboration and is useful for teamwork, ranging from employee engagement to interdepartmental meetings and brainstorming activities. Modular furniture can also enable the creation of functional spaces, allow various configurations, and offer enhanced privacy to workers.
Some of the factors driving the Mexico office furniture market growth are the growing demand for sustainable furniture and the development of technology parks. Manufacturers are using wood, veneers, and laminates in different finishes and qualities to create products that are easy to clean and can withstand demanding office activity.
Figure: FDI inflow (% of GDP) in Mexico, 2018-2022
Increasing partnerships, acquisitions and expansion of production facilities are factors increasing the Mexico Office Furniture market growth
September 2021
HNI Corporation announced its plans to open a new office furniture manufacturing plant in Saltillo, Mexico, aimed at increasing its capacity to meet the growing demand for office seating.
August 2021
Zhejiang Sunon Furniture Manufacture Co., Ltd., an office furniture solution provider, signed a contract confirming the construction of its Mexican plant in Hofusan Industrial Park.
Development of Technology Parks
The rising development of technology parks that include office spaces, retail, and residential areas is increasing the utilisation of office furniture such as desks, meeting tables, chairs, and reception furniture.
Investment in Innovative Designs
The growing competition among market players is increasing the development of innovative office furniture in terms of quality, design, and functionality.
Growing Demand for Sustainable Office Furniture
Manufacturers are adopting sustainability across the entire value chain, ranging from sourcing raw materials to installing the final product.
Increasing adoption of informal office settings
Many organisations are creating informal office spaces for collaborative environments and social interactions, which is also facilitating the market growth.
Increasing startup culture
Mexico’s startup ecosystem ranks 1st in Central America and 37th globally, which earns USD 9.7 million on average. A growing number of start-ups and office spending on furniture expand the market growth.
Organisations are opting to purchase ergonomic furniture offering enhanced comfortability to surge the productivity of their employees. Various companies have established their manufacturing bases in Mexico due to its enhanced proximity, low labour and raw material costs, and favourable manufacturing regulations. Mobile offices are increasingly gaining popularity in the country due to their enhanced flexibility, high efficiency, and excellent functionality. Mobile office furniture can be quickly assembled and disassembled for easy relocation.
Furthermore, the increase in the number of technology parks, corporate office buildings, start-ups, and co-working spaces in the past few years has favoured the Mexico office furniture market expansion. Moreover, the market is benefitting from the expansion of companies in the country owing to its growing consumer market and availability of cheap labour.
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Mexico 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:
Market Breakup by Material Type:
Market Breakup by Price Range:
Market Breakup by Distribution Channel:
Market Breakup by Region:
Seating is expected to dominate the Mexico office furniture market share as it enhances productivity at the workplace.
Optimal office seating solutions enhance the wellness and productivity of employees, facilitate movements, and surge collaboration. Caster chairs help in moving around with ease to do activities such as attending a virtual meeting, answering a phone, and other activities. Height-adjustable seats and lumbar support facilitate body comfort, which translates into greater concentration and productivity at the workplace.
Lightweight modular tables are gaining popularity as they are a great choice to offer a modern look to the office. They also offer the advantage of easy assembly and storage when not in use. Storage drawers attached to the tables provide more storage and space for personal belongings.
File cabinets and storage are anticipated to hold a significant share of the Mexico office furniture market as they are very valuable for safely keeping important files, papers, or documents of a company. At the workplace, they allow employees to organise themselves and keep information accessible. In order to address customer needs, manufacturers are concentrating on styles, designs, and material selection for cabinets.
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Major market players are increasing their collaboration, partnership, and research and development activities to gain a competitive edge
Productos Metalicos Steele S.A. De C.V.
Headquartered in Mexico, and founded in 1950, Productos Metalicos Steele S.A. De C.V. offers a wide variety of products for office usage which is categorised into four sub-segments, including seating, furniture, storage systems and other furniture.
Manufacturas Post Form S.A. de C.V.
Headquartered in Mexico and founded in 1973, Manufacturas Post Form S.A. de C.V. offers functional workspaces that contribute to achieving objectives and strengthening organisational cultures. The product portfolio includes seating, desks and tables, and filing and storage.
HNI Corporation
Headquartered in the USA and founded in 1944, HNI Corporation offers a wide variety of products for office usage under different brands such as Hon including chairs, desks, filing, tables, cubicles, and spaces, Allsteel including seating, workspaces, tables, storage, architectural and other products, and Gunlocke including desking/case goods, tables, seating and other products.
Haworth Inc.
Headquartered in the USA and founded in 1948, Haworth Inc. provides a wide variety of products for office usage including seating, workplaces, tables, and storage.
Other key players in the Mexico office furniture market include Ofiplan Velasco, SA de CV and Poliarte SA de CV.
Central Mexico accounts for a considerable share due to the intensive manufacturing of sustainable office furniture. Manufacturers in the region are creating office and corporate furniture using sustainable standards as buyers become more conscious and adopt an ecologically conscious mindset. The fast-growing wood parota is native to tropical regions of Central Mexico.
Northern Mexico is often a desirable site for many American companies that face cost difficulties due to their pricey procedures. For cost-saving reasons, manufacturers of office furniture are increasingly choosing to relocate parts of their operations to southern Mexico from northern Mexico due to its familiarity and close proximity to the border.
In the Pacific Coast, market players offer a range of flexible furniture for offices. Due to their comfort and modern style, flexible furniture pieces serve as both attractive furniture for visitors and an integrating element in settings where concentration and engagement are important.
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 |
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Breakup by Material Type |
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Breakup by Price Range |
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Breakup by Distribution Channel |
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Breakup by Region |
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Market Dynamics |
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Trade Data Analysis |
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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 Market 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 Mexico Office Furniture Market Analysis
8.1 Key Industry Highlights
8.2 Mexico Office Furniture Historical Market (2018-2023)
8.3 Mexico Office Furniture Market Forecast (2024-2032)
8.4 Mexico Office Furniture Market by Product Type
8.4.1 Seating
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2023)
8.4.1.3 Forecast Trend (2024-2032)
8.4.2 Systems
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2023)
8.4.2.3 Forecast Trend (2024-2032)
8.4.3 Tables
8.4.3.1 Market Share
8.4.3.2 Historical Trend (2018-2023)
8.4.3.3 Forecast Trend (2024-2032)
8.4.4 File Cabinets and storage
8.4.4.1 Market Share
8.4.4.2 Historical Trend (2018-2023)
8.4.4.3 Forecast Trend (2024-2032)
8.4.5 Overhead Bins
8.4.5.1 Market Share
8.4.5.2 Historical Trend (2018-2023)
8.4.5.3 Forecast Trend (2024-2032)
8.4.6 Others
8.5 Mexico Office Furniture Market by Material Type
8.5.1 Wood
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2023)
8.5.1.3 Forecast Trend (2024-2032)
8.5.2 Metal
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2023)
8.5.2.3 Forecast Trend (2024-2032)
8.5.3 Plastic and Fibre
8.5.3.1 Market Share
8.5.3.2 Historical Trend (2018-2023)
8.5.3.3 Forecast Trend (2024-2032)
8.5.4 Glass
8.5.4.1 Market Share
8.5.4.2 Historical Trend (2018-2023)
8.5.4.3 Forecast Trend (2024-2032)
8.5.5 Others
8.6 Mexico Office Furniture Market by Price Range
8.6.1 Low
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2023)
8.6.1.3 Forecast Trend (2024-2032)
8.6.2 Medium
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2023)
8.6.2.3 Forecast Trend (2024-2032)
8.6.3 High
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2023)
8.6.3.3 Forecast Trend (2024-2032)
8.7 Mexico Office Furniture Market by Distribution Channel
8.7.1 Direct Sales
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2023)
8.7.1.3 Forecast Trend (2024-2032)
8.7.2 Specialist Store
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2023)
8.7.2.3 Forecast Trend (2024-2032)
8.7.3 Non-Specialist Stores
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2023)
8.7.3.3 Forecast Trend (2024-2032)
8.7.4 Online
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2023)
8.7.4.3 Forecast Trend (2024-2032)
8.7.5 Others
8.8 Mexico Office Furniture Market by Country
8.6.1 Market Share
8.8.1.1 North Mexico
8.8.1.2 Central Mexico
8.8.1.3 Pacific Coast
8.8.1.4 Yucatan Peninsula
8.8.1.5 Baja California
9 Regional Analysis
9.1 North Mexico
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Central Mexico
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
9.3 Pacific Coast
9.3.1 Historical Trend (2018-2023)
9.3.2 Forecast Trend (2024-2032)
9.4 Yucatan Peninsula
9.4.1 Historical Trend (2018-2023)
9.4.2 Forecast Trend (2024-2032)
9.5 Baja California
9.5.1 Historical Trend (2018-2023)
9.5.2 Forecast Trend (2024-2032)
10 Market Dynamics
10.1 SWOT Analysis
10.1.1 Strengths
10.1.2 Weaknesses
10.1.3 Opportunities
10.1.4 Threats
10.2 Porter’s Five Forces Analysis
10.2.1 Supplier’s Power
10.2.2 Buyers Powers
10.2.3 Threat of New Entrants
10.2.4 Degree of Rivalry
10.2.5 Threat of Substitutes
10.3 Key Indicators for Demand
10.4 Key Indicators for Price
11 Value Chain Analysis
12 Trade Data Analysis
12.1 Major Exporting Countries by Value
12.2 Major Importing Countries by Value
13 Price Analysis
14 Competitive Landscape
14.1 Market Structure
14.2 Key Company Profiles
14.2.1 Productos Metalicos Steele S.A. De C.V.
14.2.1.1 Company Overview
14.2.1.2 Product Portfolio
14.2.1.3 Demographic Reach and Achievements
14.2.1.4 Certifications
14.2.2 Manufacturas Post Form S.A. de C.V.
14.2.2.1 Company Overview
14.2.2.2 Product Portfolio
14.2.2.3 Demographic Reach and Achievements
14.2.2.4 Certifications
14.2.3 HNI Corporation
14.2.3.1 Company Overview
14.2.3.2 Product Portfolio
14.2.3.3 Demographic Reach and Achievements
14.2.3.4 Certifications
14.2.4 Haworth Inc.
14.2.4.1 Company Overview
14.2.4.2 Product Portfolio
14.2.4.3 Demographic Reach and Achievements
14.2.4.4 Certifications
14.2.5 Ofiplan Velasco, SA de CV
14.2.5.1 Company Overview
14.2.5.2 Product Portfolio
14.2.5.3 Demographic Reach and Achievements
14.2.5.4 Certifications
14.2.6 Poliarte SA de CV
15 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Mexico Office Furniture Market: Key Industry Highlights, 2018 and 2032
2. Mexico Office Furniture Historical Market: Breakup by Product Type (USD Million), 2018-2023
3. Mexico Office Furniture Market Forecast: Breakup by Product Type (USD Million), 2024-2032
4. Mexico Office Furniture Historical Market: Breakup by Material Type (USD Million), 2018-2023
5. Mexico Office Furniture Market Forecast: Breakup by Material Type (USD Million), 2024-2032
6. Mexico Office Furniture Historical Market: Breakup by Price Range (USD Million), 2018-2023
7. Mexico Office Furniture Market Forecast: Breakup by Price Range (USD Million), 2024-2032
8. Mexico Office Furniture Historical Market: Breakup by Distribution Channel (USD Million), 2018-2023
9. Mexico Office Furniture Market Forecast: Breakup by Distribution Channel (USD Million), 2024-2032
10. Mexico Office Furniture Historical Market: Breakup by Country (USD Million), 2018-2023
11. Mexico Office Furniture Market Forecast: Breakup by Country (USD Million), 2024-2032
12. Major Exporting Countries by Value
13. Major Importing Countries by Value
14. Mexico Office Furniture Market Structure
In 2023, the market value was nearly USD 840.32 million.
The market is assessed to grow at a CAGR of 3.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach around USD 1,149.61 million by 2032.
The major drivers include the development of technology parks, the robust growth of the corporate sector, and the availability of skilled labour in the country.
The key trends aiding the market growth include the rising popularity of sustainable office furniture, growing startup culture, and increasing adoption of informal office settings.
The different product types considered in the market report include seating, systems, tables, file cabinets and storage, and overhead bins, among others.
The major distribution channels of office furniture include direct sales, specialist store, non-specialist stores, and online, among others.
The major players in the market include Productos Metalicos Steele S.A. De C.V., Manufacturas Post Form S.A. de C.V., HNI Corporation, Haworth Inc., Ofiplan Velasco, SA de CV, and Poliarte SA de CV.
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