Australia Office Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.46 Billion |
| Market Size (2029) | USD 2.94 Billion |
| CAGR (2024 - 2029) | 3.54 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Australia Office Furniture Market Analysis
The Australia Office Furniture Market size is estimated at USD 2.46 billion in 2024, and is expected to reach USD 2.94 billion by 2029, at a CAGR of 3.54% during the forecast period (2024-2029).
Office Furniture includes desks, office chairs, storage cabinets and other items typically found in a workplace environment. The demand for office furniture is increasing due to the rising number of office spaces and employees. Inflow of multinational companies in Australia has resulted in increasing demand for fully furnished offices in the country thus increasing the demand of office furniture. Furthermore, the rise in urbanization generated increased demand for furniture from office sector. Manufacturers are offering advanced and innovative designed furniture which are healthier, comfortable, and technologically enhanced. The shrinking workspace coupled with the evolving consumer demands and the increasing number of start-ups has boosted the demand for multifunctional and customized office furniture. Moreover, smart furniture is expected to gain significant growth in the forecast period.
Australia Office Furniture Market Trends
Rise in Commercial Space Construction
Office furniture can be found in various commercial places. Office desks, office chairs, and office storage are some of the majorly used office furniture. Rising commercial construction activities are paving the way for the growth of the Australia office furniture market. Growth in commercial and office building construction and remodeling activity is anticipated to raise demand as companies furnish new office spaces. An increase in the number of corporate offices owing to the rapid construction of commercial zones is creating a demand for modernized office furniture across the region. Further, the establishment of new office spaces is expected to be the key factor behind the growth of the office furniture market during the forecast period.
Raising Number of Employees is Driving the Market for Office Furniture
The demand for office furniture is increasing due to increasing employment and emergence of new office spaces across the region. Increasing focus towards employee's comfort in the workspace in the highly competitive world is the primary factor driving the Australia office furniture market growth. The preference for customized furniture is also growing among end-users as it provides added functionality and comfort and has a positive impact on the employee's efficiency and creativity. With the increasing number of employed people across the region, the demand for new offices is also increasing. Further, new employment opportunities are believed to escalate the growth of the office furniture market.
Australia Office Furniture Industry Overview
The report covers major international players operating in the Australia Office Furniture Market. In terms of market share, some of the major players currently dominate the market. However, with technological advancement and product innovation, mid-size to smaller companies are increasing their market presence by securing new contracts and by tapping new markets.
Australia Office Furniture Market Leaders
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Fursys
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BFX Furniture
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AMS Furniture
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Aspen Commercial Interiors
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Emanate Design
*Disclaimer: Major Players sorted in no particular order
Australia Office Furniture Market News
- February 2024: Value Office Furniture, an Australian-owned company providing high-quality office furniture to businesses and individuals across Australia, has launched a new collection of ergonomic office chairs. This lineup aims to enhance office environments with advanced ergonomic seating technology.
- November 2023: Australian family-owned furniture manufacturer Jardan is expanding its growth strategy with a new operational center and plans to enter the US market, following its customer base. The company has doubled the size of its factory to support this expansion.
Australia Office Furniture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Deliverables
1.2 Study Assumptions
1.3 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Value Chain / Supply Chain Analysis
4.5 Porters 5 Force Analysis
4.5.1 Threat of New Entrants
4.5.2 Bargaining Power of Buyers/Consumers
4.5.3 Bargaining Power of Suppliers
4.5.4 Threat of Substitute Products
4.5.5 Intensity of Competitive Rivalry
4.6 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 Material
5.1.1 Wood
5.1.2 Metal
5.1.3 Plastic
5.1.4 Other Materials
5.2 Product
5.2.1 Seating (Office Chairs, Guest Chairs, Stools, Sofa, Others)
5.2.2 Storage Units (Bins & Shelves, Cabinets, Others)
5.2.3 Tables (Conference Tables, Occasional Tables, Others)
5.2.4 Others
5.3 Distribution Channel
5.3.1 Offline
5.3.2 Online
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Fursys
6.2.2 BFX Furniture
6.2.3 AMS Furniture
6.2.4 Aspen Commercial Interiors
6.2.5 Emanate Design
6.2.6 Krost Business Furniture
6.2.7 Advanta
6.2.8 Diami
6.2.9 Progressive Office Furniture
6.2.10 Matic Furniture
6.2.11 Alpha Office Furniture
6.2.12 Burgtec
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. APPENDIX
9. DISCLAIMER
Australia Office Furniture Industry Segmentation
A complete background analysis of the Australia Office Furniture Market, which includes an assessment of the National accounts, economy, and the emerging market trends by segments, significant changes in the market dynamics, and the market overview is covered in the report.
| Material | |
| Wood | |
| Metal | |
| Plastic | |
| Other Materials |
| Product | |
| Seating (Office Chairs, Guest Chairs, Stools, Sofa, Others) | |
| Storage Units (Bins & Shelves, Cabinets, Others) | |
| Tables (Conference Tables, Occasional Tables, Others) | |
| Others |
| Distribution Channel | |
| Offline | |
| Online |
Australia Office Furniture Market Research FAQs
How big is the Australia Office Furniture Market?
The Australia Office Furniture Market size is expected to reach USD 2.46 billion in 2024 and grow at a CAGR of 3.54% to reach USD 2.94 billion by 2029.
What is the current Australia Office Furniture Market size?
In 2024, the Australia Office Furniture Market size is expected to reach USD 2.46 billion.
Who are the key players in Australia Office Furniture Market?
Fursys, BFX Furniture, AMS Furniture, Aspen Commercial Interiors and Emanate Design are the major companies operating in the Australia Office Furniture Market.
What years does this Australia Office Furniture Market cover, and what was the market size in 2023?
In 2023, the Australia Office Furniture Market size was estimated at USD 2.37 billion. The report covers the Australia Office Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Australia Office Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Office Furniture in Australia Industry Report
Statistics for the 2024 Office Furniture in Australia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Office Furniture in Australia analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
