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Asia-Pacific Office Furniture Market Size (2024 - 2029)

The Asia-Pacific office furniture market is poised for substantial growth, driven by the expanding workforce and enhanced economic conditions in the region. The demand for office furniture is being propelled by the proliferation of corporate offices and the need for innovative solutions, such as technology-integrated furniture. The market's expansion is particularly notable in China and India, where rapid economic development is increasing the demand for office spaces. Additionally, the COVID-19 pandemic has shifted some demand towards home office furniture, reflecting changes in work patterns.

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Market Size of Asia-Pacific Office Furniture Industry

Asia-Pacific Office Furniture Market Summary
Study Period 2020-2029
Base Year For Estimation 2023
Market Size (2024) USD 81.80 Billion
Market Size (2029) USD 112.28 Billion
CAGR (2024 - 2029) 6.54 %
Market Concentration Low

Major Players

Asia-Pacific Office Furniture Market Major Players

*Disclaimer: Major Players sorted in no particular order

Asia-Pacific Office Furniture Market Analysis

The Asia-Pacific Office Furniture Market size is estimated at USD 81.80 billion in 2024, and is expected to reach USD 112.28 billion by 2029, growing at a CAGR of 6.54% during the forecast period (2024-2029).

The office furniture market in the Asia Pacific is expected to register significant growth, owing to the increasing number of the working population. Growth in the economy and improving work conditions are the major factors that are fuelling the demand for office furniture in the Asia Pacific region. Moreover, the expansion of corporate offices in the region is expected to positively impact the growth of the office furniture market in the Asia-Pacific region. China and India are the prominent markets in the region. Growth in the economy and improving work conditions are the major factors that are fuelling the demand for office furniture in the Asia Pacific region.

Rapid economic growth in countries like China, India, and Southeast Asian nations has led to increased office space demand. The need for technology integration in office furniture, such as smart desks and charging solutions, is driving innovation.

The COVID-19 pandemic had a profound impact on the office furniture market. Many businesses implemented remote work policies, which affected demand for traditional office furniture while increasing demand for home office furniture.

Asia-Pacific Office Furniture Industry Segmentation

Office furniture is furniture that is used in an office or home for setting to create a comfortable, functional, and organized work environment and is free-standing and does not require installation with component parts. Examples are desks, chairs, file cabinets, tables, lounge seating, and computer desks. Asia Pacific office furniture market is segmented by material, products, distribution channel, and country. Material are segmented by wood, metal, plastics, and others. Products are segmented by seating, storage units, workstations, tables, and other accessories. Distribution channels are segmented offline, and online, and countries are segmented by China, India, Japan, South Korea, Australia, New Zealand, rest of Asia Pacific. the report offers market size and forecasts for the Asia Pacific office furniture market in value (USD) for all the above segments.

Material
Wood
Metal
Plastic
Other Materials
Product
Seating
Storage Units
Workstations
Tables
Other Accessories
Distribution Channel
Offline
Online
Geography
China
Japan
India
South Korea
Australia
New Zealand
Rest of Asia-Pacific
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Asia-Pacific Office Furniture Market Size Summary

The Asia-Pacific office furniture market is poised for substantial growth, driven by an expanding workforce and enhanced economic conditions. The region's burgeoning corporate sector, particularly in China and India, is a significant contributor to this demand. The market is characterized by rapid economic development, especially in Southeast Asia, which has spurred the need for more office space and, consequently, office furniture. The integration of technology into office furniture, such as smart desks and charging solutions, is also propelling innovation and market expansion. However, the COVID-19 pandemic has reshaped the market dynamics, with a notable shift towards home office furniture due to the widespread adoption of remote work. This shift has increased the demand for ergonomic and customizable furniture solutions, catering to the needs of consumers working from home.

China stands out as a leading manufacturer and exporter of office furniture, with its enterprises boasting advanced production capabilities and a reputation for quality and cost-effectiveness. The country's office furniture market has evolved into an industrial-scale business, with both domestic and international companies playing significant roles. The competitive landscape in the Asia-Pacific region is marked by the presence of major multinational firms and the emergence of mid-size and smaller businesses that are expanding their market presence through technological advancements and product innovation. Notable players in the market include Fursys, Haworth, Herman Miller, Hyundai Livart, and Itoki, among others. Recent product launches, such as JIECANG's new lifting system products and Herman Miller's Passport Work Table, highlight the ongoing innovation and adaptation to changing work environments.

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Asia-Pacific Office Furniture Market Size - Table of Contents

  1. 1. MARKET INSIGHTS AND DYNAMICS

    1. 1.1 Market Overview

    2. 1.2 Market Drivers

    3. 1.3 Market Restraints

    4. 1.4 Market Oppurtunities

    5. 1.5 Industry Value/Supply Chain Analysis

    6. 1.6 Porters 5 Force Analysis

      1. 1.6.1 Threat of New Entrants

      2. 1.6.2 Bargaining Power of Buyers/Consumers

      3. 1.6.3 Bargaining Power of Suppliers

      4. 1.6.4 Threat of Substitute Products

      5. 1.6.5 Intensity of Competitive Rivalry

    7. 1.7 Insights on impact of technology and innovation in the Market

    8. 1.8 Impact of COVID-19 on the Market

  2. 2. MARKET SEGMENTATION

    1. 2.1 Material

      1. 2.1.1 Wood

      2. 2.1.2 Metal

      3. 2.1.3 Plastic

      4. 2.1.4 Other Materials

    2. 2.2 Product

      1. 2.2.1 Seating

      2. 2.2.2 Storage Units

      3. 2.2.3 Workstations

      4. 2.2.4 Tables

      5. 2.2.5 Other Accessories

    3. 2.3 Distribution Channel

      1. 2.3.1 Offline

      2. 2.3.2 Online

    4. 2.4 Geography

      1. 2.4.1 China

      2. 2.4.2 Japan

      3. 2.4.3 India

      4. 2.4.4 South Korea

      5. 2.4.5 Australia

      6. 2.4.6 New Zealand

      7. 2.4.7 Rest of Asia-Pacific

Asia-Pacific Office Furniture Market Size FAQs

The Asia-Pacific Office Furniture Market size is expected to reach USD 81.80 billion in 2024 and grow at a CAGR of 6.54% to reach USD 112.28 billion by 2029.

In 2024, the Asia-Pacific Office Furniture Market size is expected to reach USD 81.80 billion.

Asia-Pacific Office Furniture Market Report Snapshots

Asia Pacific Office Furniture Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)