Indonesia Office Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 1.15 Billion |
| Market Size (2029) | USD 2.10 Billion |
| CAGR (2024 - 2029) | 4.76 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Indonesia Office Furniture Market Analysis
The Indonesia Office Furniture Market size is estimated at USD 1.15 billion in 2024, and is expected to reach USD 2.10 billion by 2029, growing at a CAGR of 4.76% during the forecast period (2024-2029).
Indonesia is known as one of the world's leading furniture manufacturers. Its teak and rattan products are sought after in both the local and international markets. Despite its extensive timber resources, Indonesia is currently ranked fourth in ASEAN in terms of furniture export. Various bureaucratic hurdles are hampering Indonesia's furniture industry.
The office furniture market in Indonesia is expected to gain high revenue in the future due to its expanding customer base across all regions of the country. In addition, the concept of sharing workspaces has also gained wide popularity around the country. Over the past few years, the rising concern for environmental protection heightened the demand for eco-friendly office furniture. Manufacturers are incorporating eco-friendly materials into their furniture. These factors are anticipated to drive the growth of the Indonesian office furniture market over the next few years.
Indonesia Office Furniture Market Trends
Rapid Growth in Urbanization is Driving the Indonesian Office Furniture Market
The rapid pace of urbanization in Indonesia stands as a pivotal driver fueling the growth of its office furniture market. The growing urbanization in the country and the construction of new offices are escalating the demand for office furniture products. Limited land space in urban areas resulted in vertical construction expansion. Thus, increasing construction and the establishment of new office buildings are expected to drive the demand for office furniture. Factors such as rapid urbanization, inflating income levels, and increasing allowances provided by companies to set up offices at employees' homes as part of the work-from-the-home policy are anticipated to fuel the sales of smart home office furniture for better work convenience and comfort.
Increasing Exports of Wooden Furniture in Indonesia
Wooden furniture dominates the market share and is poised for further growth in the coming years. Numerous local companies in Indonesia utilize reclaimed wood to create various types of office furniture, ranging from tables to chairs, often complementing their efforts with local reforestation programs. Using sustainable and eco-friendly materials is a factor driving the demand for wooden furniture in the country. Moreover, wooden furniture manufacturers are increasingly focusing on providing eco-friendly and adaptable products to gain a competitive edge. The rising demand for luxury wooden furniture to enhance office aesthetics is poised to fuel the industry's growth.
Indonesia Office Furniture Industry Overview
The Indonesian office furniture market boasts a diverse landscape characterized by a multitude of players. This report delves into the operations of key entities within this dynamic market. Leveraging technological strides and a penchant for innovation, smaller and mid-sized firms are expanding their footprint. This expansion is evident through their acquisition of new contracts and ventures into previously untapped markets. Notable entities in this arena include Chitose Internasional Tbk, Furnindo International, Indachi Office Furniture, Vinoti Office, and Stramm.
Indonesia Office Furniture Market Leaders
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PT Chitose Internasional Tbk
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PT. Furnindo International
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Indachi Office Furniture
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Vinoti Office
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Stramm
*Disclaimer: Major Players sorted in no particular order
Indonesia Office Furniture Market News
- October 2023: The Korea Federation of Furniture Industry Cooperation (KFFIC) signed an MOU with the Indonesia Furniture Industry & Handicraft Association (ASMINDO) to strengthen furniture trading and establish cooperation in the field of furniture exhibitions.
- January 2023: Kokuyo Co. Ltd partnered with Allsteel Inc., a leading manufacturer of contract furnishings. Through this partnership, Kokuyo will be able to offer combined office furniture service and support to Allsteel in North America and global clients in Asia-Pacific.
Indonesia 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
4.2.1 Rise of Remote and Flexible Work Arrangements
4.2.2 Urbanization and the Growth of Commercial Real Estate is Driving the Market
4.3 Market Restraints
4.3.1 Limited Office Space in Certain Locations is Restraining the Market
4.3.2 Rapid Changes in Work Trends
4.4 Market Opportunities
4.4.1 Integration of Technology such as Built-in Charging Ports and Smart Features
4.5 Value Chain/Supply Chain Analysis
4.6 Industry Attractiveness - Porter's Five Forces Analysis
4.6.1 Bargaining Power of Suppliers
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Threat of New Entrants
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Insights of Technology Innovations in the Market
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Type
5.1.1 Seating
5.1.2 Tables
5.1.3 Storage
5.1.4 Desks
5.1.5 Other Office Furniture Types
5.2 By Distribution Channels
5.2.1 Home Centers
5.2.2 Flagship Stores
5.2.3 Specialty Stores
5.2.4 Online Stores
5.2.5 Other Distribution Channels
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration
6.2 Company Profiles
6.2.1 PT Chitose International Tbk
6.2.2 PT. Furnindo International
6.2.3 Indachi Office Furniture
6.2.4 Vinoti Office
6.2.5 Stramm
6.2.6 CV Anindo Furniture
6.2.7 PT Indovickers Furnitama
6.2.8 CV. KembangDjati Furniture
6.2.9 PT. Bate Furniture
6.2.10 Qualiteak*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Indonesia Office Furniture Industry Segmentation
Office furniture describes the types of furniture used in an office to furnish a cozy, practical, and well-organized workspace. A complete background analysis of the Indonesian office furniture market, which includes an assessment of emerging market trends by segments, significant changes in the market dynamics, and the market overview, is covered in the report.
The Indonesian office furniture market is segmented by type (seating, tables, storage, desks, and other office furniture types) and distribution channel (home centers, flagship stores, specialty stores, online, and other distribution channels). The report offers market sizes and forecasts in terms of value (USD) for all the above segments.
| By Type | |
| Seating | |
| Tables | |
| Storage | |
| Desks | |
| Other Office Furniture Types |
| By Distribution Channels | |
| Home Centers | |
| Flagship Stores | |
| Specialty Stores | |
| Online Stores | |
| Other Distribution Channels |
Indonesia Office Furniture Market Research FAQs
How big is the Indonesia Office Furniture Market?
The Indonesia Office Furniture Market size is expected to reach USD 1.15 billion in 2024 and grow at a CAGR of 4.76% to reach USD 2.10 billion by 2029.
What is the current Indonesia Office Furniture Market size?
In 2024, the Indonesia Office Furniture Market size is expected to reach USD 1.15 billion.
Who are the key players in Indonesia Office Furniture Market?
PT Chitose Internasional Tbk, PT. Furnindo International, Indachi Office Furniture, Vinoti Office and Stramm are the major companies operating in the Indonesia Office Furniture Market.
What years does this Indonesia Office Furniture Market cover, and what was the market size in 2023?
In 2023, the Indonesia Office Furniture Market size was estimated at USD 1.10 billion. The report covers the Indonesia Office Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Indonesia Office Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Indonesia Office Furniture Industry Report
Statistics for the 2023 Office Furniture in Indonesia market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Office Furniture in Indonesia analysis includes a market forecast outlook to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
