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The Global Office Chair market is anticipated to reach USD 21.77 Billion by the end of 2028 with a significant CAGR of 5.59% from USD 15.81 Billion in 2022 -Actual Market Research
Feb, 28
2023

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The Global Office Chair market is anticipated to reach USD 21.77 Billion by the end of 2028 with a significant CAGR of 5.59% from USD 15.81 Billion in 2022 -Actual Market Research

 

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Office chairs often provide greater comfort and flexibility to workers in offices and industries. How manufacturers create a wide range of multifunctional chairs is a key revenue driver in the office chair market. Modern businesses place a high value on incorporating the most recent technological advancements into the design of executive office chairs. The demand for office chairs is expected to rise as companies seek more furniture and commercial space. Meanwhile, the global office chair market is expected to be constrained by high shipping and transportation costs over the forecast period. The enormous infrastructural transformation that is taking place against the backdrop of economic improvement and industrialization in developing economies will continue to have an impact on the growth of the office chair market. The office chair market is likely to see opportunities in industrial buildings, which are critical assets in the real-estate industry because they offer investors a diverse range of growth and revenue generation opportunities. The increased momentum of the private sector has effectively rubbed off on the construction of office infrastructure and the renovation of MSMEs, which has prompted the implementation of office chairs. While new office buildings are being built in underdeveloped markets, renovation and alteration in commercial buildings has opened up new avenues for stakeholders in the office chair market in terms of modernization and sales.

According to the research report, “Global Office Chair Market Research Report, 2028”, published by Actual Market research the market is anticipated to reach USD 21.77 Billion by the end of 2028 with a significant CAGR of 5.59% from USD 15.81 Billion in 2022. There is a growing demand for sustainable and eco-friendly furniture, including office chairs, as consumers become more environmentally conscious. With the growth of the global economy, there has been an increase in the number of commercial spaces and corporate offices, which has led to a higher demand for office chairs. Furthermore, the growing focus on health and wellness in the workplace is expected to drive the growth of the office chair market in the coming years as more companies invest in ergonomic and comfortable furniture to improve employee productivity and well-being. Moreover, many companies are recognising the importance of providing comfortable and ergonomic furniture to their employees to improve their productivity and well-being. In addition to the use of technology in office chairs, such as sensors and adjustability settings, is becoming more common as consumers seek chairs that can adapt to their posture and movements.

The global office chair market is divided into several product categories, including executive office chairs, conference chairs, ergonomic chairs, and other types of chairs. The ergonomic chair market category will be dominant in 2022, with a market share of approximately 78%. Employers are realizing the value of investing in ergonomic furniture to improve employee well-being and productivity. Ergonomic chairs are intended to reduce fatigue and discomfort, thereby increasing employee productivity and satisfaction. Furthermore, many ergonomic chairs include advanced features like adjustable armrests, lumbar support, and tilt mechanisms, which allow users to tailor the chair to their specific needs. Consumers who want a chair that can adapt to their posture and movements are increasingly interested in these features. The segment is expected to grow at a rapid CAGR during the forecast period due to rising demand for ergonomic chairs. Employees' concerns about their well-being, as well as an increase in workplace injuries, are propelling this segment's growth. Ergonomic chairs provide back comfort, support, and natural postures, which contributes to a shift in consumer demand towards this segment.

The market is divided into mesh, fabric, leather, and plastic segments based on material. Mesh office chairs are expected to dominate the market in 2022, with a market share of 36%, due to their offering working professionals with more sitting comfort throughout their extended workdays at the workplace than other office chair options. Mesh chairs are also less skin-friendly than other fabrics, lowering the risk of skin irritation. Furthermore, the leather category is expected to grow significantly with a CAGR of 6.42% over the projection period as demand for leather office chairs rises due to the high-end appearance and feel that leather office chairs provide. Leather is stain-resistant and easier to clean than other textiles. Due to the high quality, comfort, usability, and durability provided by leather office chairs, the industry is expanding. Based on the distribution channels used, the global office chair market is divided into online and physical stores. The offline sector controlled 69.91% of the market in 2022 because it was convenient, affordable, and so on. The online segment is expected to grow at a significant rate of 7.48% during the forecast period. E-commerce, which also offers door-to-door delivery, facilitates cashless and no-contact purchases. The business firms are open on a regular basis and have a variety of tasks to complete. Online platforms make it easier to buy office chairs by providing shopping websites and applications with a variety of offers and brands.

North America, Europe, Asia Pacific, South America, and the Middle East and Africa make up the market's five regions. Asia Pacific, which had a sizable market share of around 35% in 2022, is expected to dominate the industry during the Forecast period due to the increased number of business offices as a result of organizations’ rapid expansion. Furthermore, the Asia-Pacific region has seen an increase in the number of small and medium-sized enterprises (SMEs), which are increasingly establishing offices and requiring office furniture, including office chairs. Furthermore, as the importance of ergonomics in the workplace becomes more widely recognized, more businesses are investing in ergonomic office chairs to promote employee health and productivity. China held a significant market share in the Asia Pacific Office Chair market in 2022 and is expected to dominate the market during the forecast period due to an increase in the number of business offices as organisations expand rapidly. China is one of Asia's largest producers of office chairs. The vast majority of these chairs are exported to countries such as the United States and Europe. North America is expected to be the second highest market in terms of value generation in the office chair market.
Manufacturers in the regional market are offering innovative chairs, and brands are investing in developing technology that allows chairs to be adjusted to different body types. The office space market in North America is growing, fueled by the increasing number of startups and small businesses in the region. The first ergonomic office chair was designed in Europe. The chair, called the "Balans chair," was invented in Norway in 1979 and was designed to promote better posture and relieve stress on the body. The European Union has established guidelines for ergonomic office chairs, known as the EN 1335 standard.

Governments have established standards and certifications for office chairs to ensure their safety, quality, and environmental sustainability. This has led to an increase in the production and adoption of high-quality and sustainable office chairs. Furthermore, governments offer tax incentives to encourage the use of sustainable and eco-friendly furniture, including office chairs. This has led to an increase in the production and adoption of eco-friendly office chairs. Moreover, free trade agreements between countries can reduce or eliminate tariffs and other trade barriers for office chairs, making it easier and more cost-effective to import and export office chairs between participating countries. Free trade agreements can increase competition in the market and provide consumers with a wider range of products to choose from.

The Development of chairs is expected to attract more customers:
Employees can benefit in a variety of ways from the introduction of ergonomic office chairs, which include features such as large armrests, massage vibration, a heated pad, and others. These new features are likely to change the game in the ergonomic office chair industry, increasing appeal. Every employee appreciates comfort, which increases productivity.

Covid-19 Impact:
Many countries have been forced to implement lockdowns as a result of the Covid-19 epidemic, causing disruption in the supply and distribution chain. Companies are having difficulty manufacturing office chairs due to limited availability of lanbour, disruptions in the supply of raw materials, and logistical issues.

Restraints:
The production of office chairs can have a significant environmental impact, and manufacturers may need to comply with various environmental regulations and standards. Compliance with these regulations can increase the cost of production and limit the availability of certain materials, which can affect the supply and pricing of office chairs. Furthermore, economic downturns and recessions can have a significant impact on the demand for office chairs, as companies may reduce their spending on office furniture and equipment to cut costs. This can lead to a decrease in the sales and revenue of office chair manufacturers.