Russia Office Furniture Market Size
| Study Period | 2020 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 2.24 Billion |
| Market Size (2029) | USD 2.87 Billion |
| CAGR (2024 - 2029) | 5.12 % |
| Market Concentration | Low |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Russia Office Furniture Market Analysis
The Russia Office Furniture Market size is estimated at USD 2.24 billion in 2024, and is expected to reach USD 2.87 billion by 2029, growing at a CAGR of 5.12% during the forecast period (2024-2029).
The number of industries has grown in recent years, leading to a heightened demand for office furniture. Companies increasingly focus on creating better working environments, including features like cubicles and tables, to enhance colleague communication and foster a collaborative and social workplace. This trend has pushed office furniture manufacturers to innovate and introduce more advanced products in recent years. With rising office space costs, many enterprises are turning to modular office furniture solutions.
Moreover, modern offices are prioritizing aesthetics to cultivate a positive work environment. There has also been a surging interest in brilliant workplace furniture, which offers internet connectivity and emphasizes better posture and movement support. Consequently, manufacturers are prioritizing designs that reduce stress and enhance comfort. These dynamics collectively drive the growing supply and demand for office furniture in the Russian market.
Russia Office Furniture Market Trends
Increasing Office Spaces in Moscow City Fueling the Market
Moscow continues to lead the development of business within Russia. Over the next few years, several business centers in Moscow are slated for redevelopment, a move poised to boost the demand for office furniture. The design and style of office furniture are increasingly being tailored to match employees' work styles and productivity. The office furniture market is being propelled by factors such as a burgeoning corporate sector, a rapidly expanding real estate industry, and a rising appetite for premium and designer furniture. The market is primed for growth with a surge in office construction spending. Consequently, major office furniture manufacturers are focusing on producing furniture that offers enhanced comfort and boosts productivity.
Rise in Online Sales of Office Furniture Fueling the Market
The surge in start-ups, heightened consumer engagement on e-commerce platforms, a rise in remote work setups, and expanding internet access fuel a notable uptick in online office furniture sales. With consumers increasingly favoring online shopping, many office furniture firms are pivoting to direct online sales through their websites or established e-retailers. Given the hectic lifestyles of many business owners, online stores are proving immensely popular by offering convenience, a more comprehensive product selection, and significant time and cost savings compared to traditional brick-and-mortar visits. These dynamics collectively underscore the escalating trend in online office furniture sales.
Russia Office Furniture Industry Overview
The Russian office furniture market is characterized by fragmentation and intense competition. The report delves into the activities of key global players within this market. While Metta, IKEA, FELIX, Narbutas, and DiKom currently hold significant market shares, the landscape is shifting. With technological strides and innovative products, smaller and mid-sized firms are expanding their footprint, clinching fresh contracts, and venturing into untapped markets.
Russia Office Furniture Market Leaders
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Metta company
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IKEA
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FELIX Company
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Narbutas
-
DiKom
*Disclaimer: Major Players sorted in no particular order
Russia Office Furniture Market News
- July 2024: Realizzato da unveiled the RUSSIA office chair, boasting a contemporary and refined design. Its structure, crafted from stainless steel, features clean lines and elegant details. The chair's wide, well-padded seat has been engineered to evenly distribute body weight, effectively preventing fatigue.
- September 2023: Ubique Group, a prominent furniture and decor merchandiser known for its customer-centric approach, partnered with Martha Stewart, a renowned lifestyle expert specializing in home organization.
Russia 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
4.1 Market Overview
4.2 Market Drivers
4.2.1 Surge in Remote and Flexible Work Models
4.3 Market Restraints
4.3.1 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 Porter's Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Insights into Impact of Technology and Innovation in the Market
4.8 Impact of COVID-19 on the Market
5. MARKET SEGMENTATION
5.1 By Material
5.1.1 Wood
5.1.2 Metal
5.1.3 Plastic
5.1.4 Other Materials
5.2 By Product
5.2.1 Seating (Office Chairs, Guest Chairs, Stools, Sofa, Other Seating)
5.2.2 Storage Units (Bins and Shelves, Cabinets, Other Storage Units)
5.2.3 Tables (Conference Tables, Occasional Tables, Other Tables)
5.2.4 Other Products
5.3 By Distribution Channel
5.3.1 Online
5.3.2 Offline
6. COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Metta Company
6.2.2 IKEA
6.2.3 FELIX Company
6.2.4 Narbutas
6.2.5 DiKom
6.2.6 ARTU Factory
6.2.7 Tabula Sense
6.2.8 KSBuro
6.2.9 Bene Rus LLC
6.2.10 Steelcase*
- *List Not Exhaustive
7. MARKET FUTURE TRENDS
8. DISCLAIMER AND ABOUT US
Russia Office Furniture Industry Segmentation
Office furniture refers to the essential furnishings in office settings, crucial for creating a comfortable, functional, and organized workspace. The report provides an in-depth analysis of the Russian office furniture market, exploring national accounts, the economic backdrop, and emerging segment-specific trends. It also sheds light on significant changes in market dynamics, presenting a comprehensive market landscape.
The Russian market for office furniture is segmented by material into wood, metal, plastic, and other materials. The market is further segmented by product into seating (office chairs, guest chairs, stools, sofa, and other seating), storage units (bins and shelves, cabinets, and other storage units), tables (conference tables, occasional tables, and other tables), and other products. Furthermore, the market is segmented based on distribution channels into offline and online channels. The report offers market sizes and forecasts for the Russian office furniture market in terms of value (USD) for all the above segments.
| By Material | |
| Wood | |
| Metal | |
| Plastic | |
| Other Materials |
| By Product | |
| Seating (Office Chairs, Guest Chairs, Stools, Sofa, Other Seating) | |
| Storage Units (Bins and Shelves, Cabinets, Other Storage Units) | |
| Tables (Conference Tables, Occasional Tables, Other Tables) | |
| Other Products |
| By Distribution Channel | |
| Online | |
| Offline |
Russia Office Furniture Market Research Faqs
How big is the Russia Office Furniture Market?
The Russia Office Furniture Market size is expected to reach USD 2.24 billion in 2024 and grow at a CAGR of 5.12% to reach USD 2.87 billion by 2029.
What is the current Russia Office Furniture Market size?
In 2024, the Russia Office Furniture Market size is expected to reach USD 2.24 billion.
Who are the key players in Russia Office Furniture Market?
Metta company, IKEA, FELIX Company, Narbutas and DiKom are the major companies operating in the Russia Office Furniture Market.
What years does this Russia Office Furniture Market cover, and what was the market size in 2023?
In 2023, the Russia Office Furniture Market size was estimated at USD 2.13 billion. The report covers the Russia Office Furniture Market historical market size for years: 2020, 2021, 2022 and 2023. The report also forecasts the Russia Office Furniture Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Russia Office Furniture Industry Report
Statistics for the 2024 Russia Office Furniture market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Russia 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.
Russia Office Furniture Market Report Snapshots
