Fortune Business Insights, in its report titled "Office Chair Market, 2023-2030," said that the size of the global office chair market is expected to expand steadily due to the development of urban spaces in several major economies.

Urbanization has accelerated in recent years and is expected to accelerate in the coming years. According to the United Nations, approximately 55% of the world's population lived in urban areas in 2018, and the UN projects that by 2050, nearly two-thirds of the world's population will live in urban areas. Urban areas are typically characterized by widespread residential and commercial establishments. Office chairs are an essential part of commercial businesses, and as these entities grow over the coming decades, the demand for professional furniture is bound to soar. Moreover, the increasing availability of furniture on e-commerce platforms such as Amazon will further boost the future potential of this market.

To get a sample PDF brochure, please visit: https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/office-chairs-market-103870

List of Major Companies Profiled in the Office Chair Market Report

Haworth Corporation
Herman Miller Inc.
HNI Corporation
Party
Arela Elusion
Steelcase Corporation
GM Sheet
Eurotech
Baltic Butterfly
Report Highlights

The market report offers a comprehensive analysis of existing companies with their strategies that will influence the market outlook for the coming years. It also provides an accurate assessment of the market by highlighting data on various aspects such as growth, trends, drivers, opportunities, and obstacles. Additionally, the report also offers comprehensive insights into the regional developments shaping the market and a specific study of various segments of the market.

Drivers

The internationalization of office culture is driving market growth

The rapid development of IT parks and business districts, along with an increase in the number of corporate offices, is driving a surge in the demand for modern office furniture across the world. This trend is primarily driven by the internationalization of office culture and the introduction of modern working environments, especially in IT hubs such as India and China. Moreover, the working style and productivity of an organization's team members can be associated with the style of office furniture. Hence, factors such as the expansion of the corporate sector, growth in the real estate sector, and rising demand for premium and designer furniture such as reclining office chairs will drive the global market.

Regional Insights

Asia Pacific region dominates market due to rapid growth in commercial and residential properties

This report examines the global office chair market by analyzing the market size breakdown and value for all geographical regions. Asia Pacific is expected to register the highest growth rate among other regions and lead the market share for office chair during the forecast period. The main reason for this is the rapid expansion of commercial residential establishments in India and China. Hence, it is expected to create significant business opportunities for vendors during the forecast period.

The South American market is also expected to witness significant growth owing to the development of entrepreneurial culture in emerging economies, especially Brazil and Argentina. Rising income levels in the region will also play a key role in accelerating the regional market growth.

Segmentation

Based on product type, the market is categorized into ergonomic chairs, executive office chairs, conference chairs, computer chairs, and others. Based on material, this market is segmented into mesh, leather, cloth, and plastic. Based on distribution channel, the market is divided into offline and online. Geographically, the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

Competitive Environment

Key players seek to develop innovative solutions to improve their market position

To strengthen their market position, leading companies are developing creative office chairs for their customers. New products enable these companies to broaden their portfolios and expand their business sustainably. Moreover, leading companies are also engaged in acquisition activities to further strengthen their market presence.

Industrial Development

February 2020: Wayfair Professionals launched its first commercial office furniture lineup, Upper Square. The new lineup boasts midcentury modern and contemporary styles designed for all kinds of office spaces.

Detailed research report overview:

https://www.fortunebusinessinsights.com/jp/office-chair-market-103870