Office Furniture Market Size

Office Furniture Market size was valued at USD 58.36 billion in 2024 and is expected to reach USD 139.36 billion by the end of 2037, registering around 7.1% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of office furniture is evaluated at USD 61.72 billion. The growth of the market is primarily attributed to the rising number of commercial properties. For instance, in 2018, nearly 6 billion commercial buildings emerged having around 95 billion square feet of floor space. Moreover, the rapidly increasing development of information technology (IT) parks and commercial zones are some more factors which are boosting the market growth over the forecast period.

Office furniture improves employee productivity by making the workplace more comfortable. It also helps to keep documents and devices safe from dust, theft, fire, and bugs. Manufacturers now offer multi-functional furniture in a variety of sizes, colors, and designs with increased storage capacity. Global market trends such as, skyrocketing number of SMEs and increasing disposable income and GDP are projected to influence the growth of the market positively over the forecast period. Based on the figures provided by the World Bank, the GDP of the OECD countries hit USD 96.1 trillion in 2021 which was an increase from USD 86.41 trillion in 2018. Hence, such factors are projected to hike the growth of the market over the forecast period.