Global Office Chair Market Research Report, 2028

An Office chair at an office is made expressly for that use. Typically, it is a spinning chair with wheels that improve mobility and a knob for altering the height to suit the demands of the user. Office chairs boost worker comfort and convenience, hence it is anticipated that demand would rise over the assessment period due to customers' preference for custom-made office chairs. Working professionals use their laptops for the majority of the day while stuck to their chairs. Sitting all day can be bad for your health, raising your blood pressure and danger of spinal cord damage. The demand for office chairs that offer more comfort is anticipated to increase during the assessment year as a result of these considerations. High-density foam chairs are now being offered by manufacturers in a variety of textiles, including leather and mesh, to provide proper comfort for customers. 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. The soaring demand for ergonomic chairs for homes and offices is fuelling the expansion of the office chair industry. The design of the chairs, which enables users to sit comfortably for longer periods of time, can be credited for the sudden spike in demand. This increases productivity. Since most working people spend their days sitting down, health problems and backaches are more common. Organizations are progressively embracing and offering better seating options for the employees as a result of their awareness of the problem and desire to minimise the incidence of such issues. In order to reach a wider market, chair manufacturing companies are increasingly collaborating with MNCs. In addition, sales of office chairs and ergonomic chairs are anticipated to increase dramatically as people buy them for personal study areas and as adoption in institutions expand due to the fast expanding e-commerce industry and internet penetration around the globe. In terms of regions, the market is categorized as North America, Europe, Asia Pacific, South America, and Middle East & Africa. Because of the rising number of business offices brought on by organisations' quick expansion, Asia Pacific, which had a sizeable market share of around 35% in 2022, is expected to rule the industry during the Forecast period. Manufacturers have been forced to introduce innovative product designs that advance the market expansion as a result of the rapid industrialization and urbanisation in developing nations like India, China, and Japan. The increasing volume of deals involving industrial buildings in countries around the Asia Pacific, including China, India, Hong Kong, and Singapore, is anticipated to make this industry the most profitable globally for office chair makers. According to PwC, China's commercial real estate transaction volume reached USD 25 million by the middle of 2019 and increased by 174% compared to the same period last year. Due to the increased demand for modern office chairs among company executives in that region, South America is predicted to develop at a substantial CAGR of 6.30% throughout the projection period. Also, the demand for high-end office chairs in corporate settings is growing due to rising per capita incomes in countries like Brazil and Argentina. The executive office chairs, conference chairs, ergonomic chairs, and other types of chairs are the several product categories into which the global office chair market is divided. In 2022, the ergonomic chair market category is dominating with a market share of around 78%. The growing incidence of occupational injuries and employee concerns about their well-being are what are driving this market's expansion. The comfort, support, and natural postures provided by ergonomic chairs help to alter consumers' demand in this direction. The design of ergonomic chairs is intended to support the user's body and offer the utmost comfort. The inner curve of the lower back is supported by the lumbar support and adjustment mechanism of these seats. The popularity of ergonomic chairs has increased as stress injuries have decreased and worker compensation claims have decreased. In addition, there is a growing need for conference chairs due to the expansion of infrastructural facilities connected to educational institutions and schools. Mesh, leather, fabric, plastic, and others are the material categories used to segment the office chair market. The market is expected to be dominated by mesh office chairs with a market share of 36% in 2022 since they provide working professionals with more sitting comfort throughout their extended workdays at the workplace than other office chair options. Mesh chairs are also less skin-resistant than other types of fabrics, reducing the risk of skin irritation. Also, the leather category is anticipated to expand significantly with a CAGR of 6.42% over the course of the projection period as demand for leather office chairs rises as a result of the high-end appearance and feel that leather office chairs offer. In comparison to other textiles, leather is stain-resistant and easier to clean. The industry is growing as a result of the great quality, comfort, usability, and durability offered by leather office chairs. Likewise, increased investments in office infrastructure have led to the acquisition of luxurious leather chairs in order to assure the wellbeing of employees. Due to mesh's springy nature and increased comfort and breathability, the mesh segment is predicted to rise rapidly. The global office chair market is divided into online and physical stores based on the distribution channels used. A market share of 69.91% was controlled by the offline sector in 2022 because it was convenient, affordable, etc. During the projected period, the online segment is expected to expand at a substantial rate of 7.48%. Cashless and no-contact purchases are made easier by e-commerce, which also provides the option of door-to-door delivery. The business firms operate regularly and have a range of tasks to complete. The e-commerce platforms make it simpler to buy office chairs by offering shopping websites and applications that feature a selection of offers and brands. Office chairs can be purchased online, which eases the burden on the company to make the actual purchase of chairs. However, it is anticipated that rising shipping and transportation costs for the various furniture products will impede the market's progress. According to data from the US Department of Commerce, national spending on educational facilities increased 2.3% in 2020 compared to 2019. The increasing need for furniture manufacturing businesses and the organization connected to them is another element that is projected to boost market progress. As a result, it's easier to meet the need for the many types of office chairs that is on the rise. Recent Developments: • In December 2021, Design Public Group, a digital company with technologies that would aid in accelerating firms' digital footprints, was acquired by HNI Corporation. This platform is anticipated to enable businesses' various digital and e-commerce operations to connect with a wide spectrum of market consumers. • In November 2021, Herman Miller, the leader of innovative design and furnishing solutions, announced a new seating collection with designer Michael Anastassiades—Comma. • In 2019, Steelcase completed the acquisition of orange box Group Ltd., a company based in the United Kingdom that specializes in producing task chairs, architectural pods, and privacy solutions for corporations. This acquisition will allow Steelcase to innovate its office furniture product line through collaborative efforts with the orange box group and the company's customers, who purchase a wider variety of furniture. Wayfair Professional will launch a commercial use collection of the office furniture and décor line in February 2020. This collection will be designed to fulfil the diverse seating requirements of employees in offices, collaboration spaces, reception areas, kitchens and cafes, and other locations. Covid-19 Impact: Covid-19 had a negative impact on the office chair industry since people were confined to their homes and governments imposed a total lockdown. The entire supply chain was also impacted by the outbreak. Due to a lack of competent workers and raw supplies, many industrial facilities have closed, which has a detrimental effect on the market. The in-store sales of office chairs were further impacted by the closure of furniture showrooms. Nonetheless, the demand for ergonomically built chairs is anticipated to increase as the economy improves and people return to the workplace. Businesses are likely to spend money on chairs with ergonomic designs to increase worker comfort and productivity. Companies Mentioned in this report: TopStar GmbH, Kimball International Inc., Bristol Technologies Sdn Bhd. , Tecknion, Haworth Inc., HNI Corp., Okamura Corporation, UE Furniture Co., Ltd., PSI Seating Ltd, Steelcase Inc., Herman Miller, Inc., GM SEATING© , Humanscale, KI, GOKENG, OFS, Commercial Furniture Group, Inc, Elite Office Furniture, Flokk, Virco inc. Considered in this report • Geography: Global • Historic year: 2017 • Base year: 2022 • Estimated year: 2023 • Forecast year: 2028 Aspects covered in this report • Global Office Chair market with its value and forecast along with its segments • Region-wise Office Chair market analysis • Various drivers and challenges • On-going trends and developments • Top profiled companies • Strategic recommendation Regions & Countries covered in the report: • North America (United States, Canada, Mexico) • Europe (Germany, United Kingdom, France, Spain, Italy, Russia) • Asia-Pacific (China, Japan, India, Australia, South Korea) • South America (Brazil, Argentina, Colombia) • Middle-East & Africa (UAE, Saudi Arabia, South Africa) By Product Type: • Ergonomic Chairs • Executive Office Chairs • Conference Chairs • Others (Computer Chairs, Kneel Chairs, Petite Chairs, Reception Area Chairs, Tablet Arm Chairs, Armless Chairs ) By Material Type: • Mesh • Leather • Fabric • Plastic • Others (Vinyl, PU Leather/ Flux, Rexin) By Distribution Chanel: • Offline • Online The approach of the report: This report consists of a combined approach of primary as well as secondary research. Initially, secondary research was used to get an understanding of the market and listing out the companies that are present in the market. The secondary research consists of third party sources such as press releases, annual report of companies, analysing the government generated reports and databases. After gathering the data from secondary sources primary research was conducted by making telephonic interviews with the leading players about how the market is functioning and then conducted trade calls with dealers and distributors of the market. Post this we have started doing primary calls to consumers by equally segmenting consumers in regional aspects, tier aspects, age group, and gender. Once we have primary data with us we have started verifying the details obtained from secondary sources. Intended audience This report can be useful to industry consultants, manufacturers, suppliers, associations & organizations related to Office Chair industry, government bodies and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.