Germany Office Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.90 Billion |
| Market Size (2029) | USD 3.29 Billion |
| CAGR (2024 - 2029) | 2.52 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Germany Office Furniture Market Analysis
The Germany Office Furniture Market size is estimated at USD 2.9 billion in 2024, and is expected to reach USD 3.29 billion by 2029, growing at a CAGR of 2.52% during the forecast period (2024-2029).
In total, the current account surplus will shrink to only USD 151 in current year. Compared with USD 286 bn in pervious year, this is almost half the figure and by far the largest difference over the entire time series. The decline of around USD 135 bn is historically at best comparable with the change in the current account balance after reunification. Germany withstood the devastating economic effects of the COVID-19 pandemic better than any of its EU neighbors.
Germany is a key player in the furniture sector at a world level. The industry is recording a stable upward trend for many years. The main growth drivers here were office swivel chairs for health-promoting seating. The most important reason for this is the support of new work forms through suitable work environments. At the same time, demand for ergonomic equipment for home offices and other workplaces outside of the company locations is increasing. The exports of German office furniture are also on the rise significantly. Sales on the overseas market increased by almost 5.9%, with office swivel chairs for healthy seating among the top product-selling categories.
Demand from Italy, the Benelux nations, and Eastern Europe developed strongly in addition to the primary export markets of France, the Netherlands, Austria, and Switzerland. Home offices and other workplaces outside of corporate buildings increasingly need ergonomic furniture. Industry insiders attribute a significant portion of the sustained high demand for newly built office workspaces to digitization. These factors are projected to stimulate the office furniture market in the following years.
Germany Office Furniture Market Trends
Increase in Office Spaces and Commercial Construction is Driving the Market
The growth of the Germany office furniture market is well complemented by the rising demand for office spaces coupled with the growth of the commercial sector. Sectors such as IT and ITeS, consulting, retail, and e-commerce are witnessing high demand for office spaces, and these growing office spaces will boost the office furniture demand. Apart from this, the expansion of multinational companies is increasing the demand for new office products. Increased start-ups are creating an expanding opportunity for the growth of the office furniture market.
Raising Number of Employees is Driving the Market for Office Furniture
Germany office furniture market is expected to flourish and account for a leading share of the office furniture market during the forecast period. The demand for office furniture is increasing due to the number of office spaces and employees. It is, thus, supplementing the growth of the Germany office furniture market during the forecast period. The growing number of various industries and the rising number of employees are key factors anticipated to fuel the growth of the office furniture market. A rapidly growing multinational company with a rising working population base is resulting in rising penetration of office furniture. The swivel chair segment is expected to occupy the top position in the office furniture market. The growing preference for customized furniture to support employees' comfort and boost efficiency is expected to impact the overall market growth positively.
Germany Office Furniture Industry Overview
The report covers major international players operating in the Germany Office Furniture Market. Regarding 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 tapping new markets. Its major players include Vitra, VS, Sedus, Dauphin Group, Wilkhahn Group, etc.
Germany Office Furniture Market Leaders
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Vitra
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VS
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Sedus
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Dauphin Group
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Wilkhahn Group
*Disclaimer: Major Players sorted in no particular order
Germany Office Furniture Market News
- May 2023: Sedus Stoll AG, the Germany based office furniture giant, and US based Watson Furniture Group have announced a new global partnership. the global partnership is a logical next step in the development of their businesses. Shared values and similar market strategies and expertise in the areas of technology and manufacturing are an excellent stepping stone to strategic cooperation.
- July 2022: ANDREU WORLD opened a new showroom in Germany, where the most recent products coexist in a single space. Some of the most internationally reputed designers created the products, such as Patricia Urquiola, Philippe Starck, Alfredo Häberli, Jasper Morrison, and Benjamin Hubert.
- May 2022: NORNORM, a subscription-based furnishing service offering radically affordable workspace solutions through circular renting models, is expanding its business to the German market. The startup, headquartered in Copenhagen, was founded in 2020 by former IKEA manager Anders Jespen and investor and Skype co-creator Jonas Kjellberg.
Germany Office Furniture Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS AND INSIGHTS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Industry Attractiveness - Porter's Five Forces Analysis
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitutes
4.4.5 Intensity of Competitive Rivalry
4.5 Insights of Technology Innovations in the Market
4.6 Insights on Government Regulations and Industry Policies
4.7 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 Meeting Chairs
5.2.2 Lounge Chairs
5.2.3 Swivel Chairs
5.2.4 Office Tables
5.2.5 Storage Cabinets
5.2.6 Desks
5.3 Distribution Channel
5.3.1 Offline
5.3.2 Online
6. COMPETITIVE LANDSCAPE
6.1 Market Competition Overview
6.2 Company Profiles
6.2.1 Vitra
6.2.2 VS
6.2.3 Sedus
6.2.4 Dauphin Group
6.2.5 Wilkhahn Group
6.2.6 Interstuhl
6.2.7 Assmann Buromobel
6.2.8 Topstar GmbH
6.2.9 Brunner Group
6.2.10 Palmberg GmbH*
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Germany Office Furniture Industry Segmentation
Office furniture means any free-standing furnishing that does not require installation with parts. Examples are desks, chairs, file cabinets, tables, lounge seating, and computer desks. Germany Office Furniture Market is Segmented by Material (Wood, Metal, Plastic, and Other Materials), Product (Meeting Chairs, Lounge Chairs, Swivel Chairs, Office Tables, Storage Cabinets, and Desks), and Distribution Channel (Offline and Online). The Report Offers Market Sizes and Forecasts for the Germany Office Furniture Market in Value (USD) for all the Above Segments.
| Material | |
| Wood | |
| Metal | |
| Plastic | |
| Other Materials |
| Product | |
| Meeting Chairs | |
| Lounge Chairs | |
| Swivel Chairs | |
| Office Tables | |
| Storage Cabinets | |
| Desks |
| Distribution Channel | |
| Offline | |
| Online |
Germany Office Furniture Market Research FAQs
How big is the Germany Office Furniture Market?
The Germany Office Furniture Market size is expected to reach USD 2.90 billion in 2024 and grow at a CAGR of 2.52% to reach USD 3.29 billion by 2029.
What is the current Germany Office Furniture Market size?
In 2024, the Germany Office Furniture Market size is expected to reach USD 2.90 billion.
Who are the key players in Germany Office Furniture Market?
Vitra, VS, Sedus, Dauphin Group and Wilkhahn Group are the major companies operating in the Germany Office Furniture Market.
What years does this Germany Office Furniture Market cover, and what was the market size in 2023?
In 2023, the Germany Office Furniture Market size was estimated at USD 2.83 billion. The report covers the Germany Office Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Germany Office Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Germany Office Furniture Industry Report
Statistics for the 2023 Germany Office Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Germany Office Furniture analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
