The U.S. Office Furniture market size was estimated at 10.74 USD billion in 2016. Development of multi-functional furniture coupled with adoption of online retailing methods in order to reduce the operating expenses involved in sales and distribution are anticipated to poise development in the industry through to 2025.

However, a severe downturn in demand coinciding with the 2007-2009 US recession offset strong gains in other years, resulting in little overall change in demand over the 2006-2016 decade. Demand for office furniture is highly cyclical, fluctuating in response to macroeconomic trends such as office building construction, capital investment, and employment levels.

In commercial building and office construction, as furniture will be needed to outfit these new workspaces. A forecast increase in office improvement activity will further support gains as companies remodel work areas to include modern design features, such as open floor plans and collaborative work areas. However, the market for used furniture will continue to appeal to budget-conscious office purchasers.

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Demand for modularsystems - also known as office systems, workstations, or cubicles, or- is valued at USD 3.14 billion, and is anticipated to reach USD 3.06 billion in 2025, representing 2.3% annual growth from 2017 to 2025. Vigorous growth in commercial and office building construction and remodeling activity is anticipated to buoy demand as companies furnish new office spaces. While replacement activity historically played a minor role in supporting demand - largely the result of product durability and lack of innovation - trends towards more open, collaboration-oriented workspace design will drive an increase in replacements.

Modular systems are movable workspaces with integrated work surfaces, space dividers, and lighting. Some units also feature integrated storage in the form of cabinets, drawers, or shelving. Cubicles can divide a larger office area into a number of individual workspaces, organizing the office into functional units and giving workers a modicum of privacy.

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Further key findings from the report suggest:

• The U.S. Office Furniture market was valued at 10.74 billion in 2016 and is expected to grow at a CAGR of 3.2% from 2017 to 2025

• Modular systems emerged as the largest solution segment in 2016 and is estimated to generate revenue over USD 3.88 billion by 2025

• The demand for desks & tables in the U.S. Office Furniture market was USD 2.16 billion in 2016 and is anticipated to witness staggered growth over the next eight years

• Key players including Herman Miller, HNI Corporation, Steelcase, Haworth, and Teknion Corporation dominated the U.S. office furniture market in 2016

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