Office Furniture Market Size, Share, Growth Analysis, By Product Type(Office Chair, Office Table, Storage Furniture and Others), By Material(Wood, Steel and Others), By Distribution Channel(Online, and Offline), By Region - Industry Forecast 2025-2032


Report ID: SQMIG25F2062 | Region: Global | Published Date: February, 2024
Pages: 157 |Tables: 62 |Figures: 75

Office Furniture Market Insights

Office Furniture Market size was valued at USD 49.79 Billion in 2023 and is poised to grow from USD 52.9 Billion in 2024 to USD 78 Billion by 2032, growing at a CAGR of 6.24% during the forecast period (2025-2032).

The consequence of office furniture has been on the increase, predominantly in developing nations, as the business environment enlarges. the U.S., India, China are observing a rise in reconstruction and modification projects, conducive to the market's growth.

Advantageous trade relations and government policies, such as foreign direct investment and trade relaxations in Asia and the Middle East, have led to the founding of multinational companies, global firms, and technology and business parks, resulting in delicate income transactions within the market.

The continuous construction of residences, offices, and commercial complexes emerges as a crucial factor influencing the market's growth over the study period, a trend expected to persist in the forecast period.

The construction of IT parks and commercial zones has led to a surge in corporate offices, fostering a global demand for modernized office furniture.

To enhance colleague communication and create collaborative environments, organizations are incorporating informal office spaces, prompting manufacturers in the market to introduce intelligently designed furniture products.

Market snapshot - 2025-2032

Global Market Size

USD 47.3 billion

Largest Segment

Offline

Fastest Growth

Offline

Growth Rate

6.24% CAGR

Global Office Furniture Market ($ Bn)
Country Share for North America Region (%)

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Office Furniture Market Segmental Analysis

Office Furniture Market is segmented by product type, material, distribution channel, and region. Based on product type, the market can be segmented into Office Chair, Office Tables, Storage Furniture, and Others. Based on material the market can be segmented into Wood, Steel, and Others. Based on distribution channel the market can be segmented into Online, and Offline.  Based on region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

Analysis By Material

Furniture manufacturers in the market have traditionally favored wood for its exceptional durability and strength, contributing to its widespread use in furniture production. Wooden furniture not only provides a sophisticated appearance to workstations but also aligns well with the evolving requirements of modern workspaces. The adaptability of wood makes it an ideal choice to meet the changing demands of the workplace. Moreover, the growing preference among consumers for sustainable products has driven manufacturers to adopt carbon-efficient manufacturing processes, catering to the increasing prevalence of environmentally conscious consumers. The market demands highly customized products, and the wood's high feasibility for customization plays a significant role in driving market growth. For instance, in May 2022, Benchmark, in collaboration with AHEC, introduced the Victoria collection, a new wooden office furniture collection unveiled during Clerkenwell Design Week 2022 at St James’ Crypt, showcasing the industry's commitment to innovation and aesthetics.

The steel, renowned for its durability and safety attributes, has garnered significant significance in the market. It effectively reduces the risk of electrical shock in environments with extensive wiring. The environmentally friendly characteristics of steel align with Sustainable Development Goals (SDGs), making it an ecologically responsible choice for manufacturers. The considerable resistance to dents displayed by steel positions it as a preferred material for office furniture. Ongoing advancements in sustainable furniture underscore the industry's commitment to enhancing the safety of workplace equipment, thereby contributing to the continued growth of the market.

Analysis By Distribution Channel

The offline segment holds a significant market share, driven by various factors, including the convenience of physically examining products and evaluating their quality. Among the offline channels, supermarkets, specialty stores, and other options contribute to this dominance. Consumers particularly favor specialty stores due to their extensive product displays and the convenience of finding a wide range of products in a single location. Given that furniture purchases, especially for organizational purposes, often involve substantial investments, customers prefer the opportunity to inspect products before finalizing a purchase decision.

An online channel has experiential considerable technological advancements, integrating features such as AI and AR to enhance the virtual shopping experience. Market players are aggressively investing in technologically-driven online sales channels. For instance, in September 2021, Jerome's Furniture announced the launch of augmented reality powered by Marxent 3D Cloud, referred to as WebAR, showcasing the industry's assurance to leveraging innovative knowledge in online retail experiences. Although online channels offer convenience and technological complexity, the offline segment remains tough due to its strengths in quality assurance, customization services, and an overall modified shopping experience.

Global Office Furniture Market By Distribution Channel

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Office Furniture Market Regional Insights

The North American region is the main driver of market growth. The Key factors contributing to this growth include the growth of commercial real estate, increased spending on information and communication technology (ICT), and a rising number of startups in the region. The production of corporate offices is a direct result of these factors, meaningfully influencing market dynamics. The United States, documented as a global innovation hub, provides sufficient opportunities for new companies to establish processes and open new branches. The surge in co-working spaces and the launch of new branches further propel market development. Particularly, data from the U.S. Census Bureau, a department of the U.S. Department of Commerce, specifies a substantial increase in business formation applications, with 425,741 applications recorded in September 2022, reflecting a 1% rise compared to August 2022. This rapid growth has a considerable and positive impact on the overall growth of the office furniture market.

The Asia-Pacific region is poised to exhibit a remarkable Compound Annual Growth Rate (CAGR) of 8.18% during the forecast period, establishing itself as the geographical area with the fastest growth rate in the market under consideration. The surge in professionals adopting the work-from-home paradigm is anticipated to drive a substantial increase in revenue and sales transactions within the market. Factors such as large populations and a scarcity of office space in countries like Japan, Singapore, and other regional areas are prompting businesses to embrace remote working, contributing to heightened levels of work efficiency. Moreover, the vast population in nations like China and India, coupled with the prevalence of low- to middle-income groups, acted as a limiting factor during the study period, impeding the market from expanding rapidly.

Global Office Furniture Market By Region
  • Largest
  • Fastest

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Office Furniture Market Dynamics

Drivers

Increase in furniture imports

  • India stands as one of the largest global importers of office furniture, witnessing a notable increase in furniture imports attributed to several factors. The growth in imports is primarily driven by the limited modernization and innovative design within the domestic furniture industry, a shortage of skilled labor, restricted market access, and challenges in maintaining quality control. The outlook for the imported office furniture market in India is experiencing an upward trajectory. Key countries contributing to India's furniture imports include China, Vietnam, Indonesia, Italy, and Thailand. Multinational corporations (MNCs) like Teknion have adopted a strategy of appointing subcontractors for furniture installation, importing furniture primarily from their manufacturing plants in countries such as Malaysia. Similarly, in the branded segment, Durian sells imported furniture through approximately 40 outlets. The rise of e-commerce platforms in the business-to-business (B2B) space has further streamlined the process of placing overseas orders. The preference for Chinese furniture is increasing due to the escalating costs associated with good quality local timber, which is currently in short supply.

Changing Workspaces and Modernization

  • The office furniture market is significantly influenced by the transformation of workspaces and the ongoing trend toward modernization in office designs. Traditional office layouts are giving way to more open, collaborative, and flexible work environments, prompting a fundamental shift in the demand for office furniture. Modern workplaces arrange adaptability, flexibility, driving the need for modern furniture solutions that support these objectives. Ergonomic designs, modular furniture, and technology integration are becoming progressively significant as businesses seek to create dynamic and alert workspaces.

Restraints

Economic Uncertainties and Budget Constraints

  • Economic uncertainties and budget constraints play a pivotal role in shaping the dynamics of the office furniture market. During periods of economic uncertainty, businesses often face challenges in making substantial investments in office furniture due to concerns about financial stability and unpredictable market conditions. Furthermore, budget constraints, whether forced by economic downturns or internal financial considerations, can bound the spending capacity of organizations on non-essential items. Therefore, these factors influence purchasing decisions, prompting businesses to arrange cost-effective solutions, opt for modular and scalable furniture, or postpone furniture upgrades.

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Office Furniture Market Competitive Landscape

The market exhibitions a moderate level of merging, with a handful of major players imposing a significant share of the revenue. These key industry participants are advantageously intent on the introduction of innovative products to support their market positioning. Additionally, their focus extends to performing strategic initiatives, including partnerships, product launches, and collaborations, enhancing their overall market presence.

Top Player’s Company Profiles

  • HNI Corporation
  • Haworth Inc.
  • KI Furniture
  • Teknion Corporation
  • Kimball International, Inc.
  • Global Furniture Group
  • Vitra International AG
  • Okamura Corporation
  • National Office Furniture, Inc.
  • Artopex Inc.
  • OFS Brands, Inc.
  • La-Z-Boy Incorporated
  • Kinnarps AB
  • Kokuyo Co., Ltd.
  • Burotime Office Furniture
  • Nowy Styl Group
  • Koleksiyon Furniture

Recent Developments

  • In May 2022, Steelcase, Inc. expanded its market presence through the acquisition of HALCON, a Minnesota-based company specializing in the design and manufacture of precision-tailored wood furniture for the workplace. This strategic move is expected to enhance Steelcase's existing portfolio of wood products, offering professionals and customers a broader selection characterized by uncompromising design and master craftsmanship.
  • In May 2022, Haworth Inc. introduced over 20 new furniture products across various categories. Haworth's product launches encompassed seating spaces, social areas, next-generation work systems, and collaborative partnerships, incorporating new offerings from Hushoffice, Pablo Designs, Emeco, and GAN.
  • In February 2022, Godrej and Boyce, introduced Move Up, an ergonomic office table through their business division, Godrej Interio. This offering is specifically designed for individuals with home offices, emphasizing the company's commitment to providing ergonomic solutions tailored to the evolving needs of remote workers.

Office Furniture Key Market Trends

Sustainable and Eco-Friendly Designs

  • Manufacturers are progressively incorporating sustainable materials, such as recycled and FSC-certified wood, and adopting eco-friendly manufacturing processes to decrease their environmental footprint. The stress on sustainable practices extends to the entire product lifecycle, from sourcing materials to end-of-life considerations, to developing a circular economy approach. Green certifications and eco-labels are becoming projecting, assuring customers of the ecologically sensible qualities of the furniture.

Office Furniture Market SkyQuest Analysis

SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.

According to our analyses, the global office furniture market is undergoing dynamic transformations marked by multifaceted influences. Evolving workspaces, characterized by the rise of flexible arrangements and remote work, are reshaping demand dynamics. Technological integration, ergonomic designs, and sustainability are key drivers, reflecting a shift towards modernization and environmentally conscious practices. Economic uncertainties, budget constraints, and the impact of global events like the COVID-19 pandemic contribute to the market's adaptability and resilience. Industry leaders, such as Steelcase and Haworth, showcase the market's innovation through strategic acquisitions and product launches. Additionally, the market is witnessing significant changes in consumer behavior, with an increasing preference for online channels and a surge in the import of office furniture in regions like India. Overall, the office furniture market is navigating a complex landscape marked by innovation, changing work norms, and a heightened focus on sustainability and efficiency in contemporary work environments.

Report Metric Details
Market size value in 2023 USD 49.79 Billion
Market size value in 2032 USD 78 Billion
Growth Rate 6.24%
Base year 2024
Forecast period 2025-2032
Forecast Unit (Value) USD Billion
Segments covered
  • Product Type
    • Office Chair, Office Table, Storage Furniture and Others
  • Material
    • Wood, Steel and Others
  • Distribution Channel
    • Online, and Offline
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • HNI Corporation
  • Haworth Inc.
  • KI Furniture
  • Teknion Corporation
  • Kimball International, Inc.
  • Global Furniture Group
  • Vitra International AG
  • Okamura Corporation
  • National Office Furniture, Inc.
  • Artopex Inc.
  • OFS Brands, Inc.
  • La-Z-Boy Incorporated
  • Kinnarps AB
  • Kokuyo Co., Ltd.
  • Burotime Office Furniture
  • Nowy Styl Group
  • Koleksiyon Furniture
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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Office Furniture Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Office Furniture Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Office Furniture Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Office Furniture Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Office Furniture Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Office Furniture Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Office Furniture Market size was valued at USD 49.79 Billion in 2023 and is poised to grow from USD 52.9 Billion in 2024 to USD 78 Billion by 2032, growing at a CAGR of 6.24% during the forecast period (2025-2032).

The market exhibitions a moderate level of merging, with a handful of major players imposing a significant share of the revenue. These key industry participants are advantageously intent on the introduction of innovative products to support their market positioning. Additionally, their focus extends to performing strategic initiatives, including partnerships, product launches, and collaborations, enhancing their overall market presence. 'Steelcase Inc.', 'Herman Miller, Inc.', 'HNI Corporation', 'Knoll, Inc.', 'Haworth Inc.', 'KI Furniture', 'Teknion Corporation', 'Kimball International, Inc.', 'Global Furniture Group', 'Vitra International AG', 'Okamura Corporation', 'National Office Furniture, Inc.', 'Artopex Inc.', 'OFS Brands, Inc.', 'La-Z-Boy Incorporated', 'Kinnarps AB', 'Kokuyo Co., Ltd.', 'Burotime Office Furniture', 'Nowy Styl Group', 'Koleksiyon Furniture '

India stands as one of the largest global importers of office furniture, witnessing a notable increase in furniture imports attributed to several factors. The growth in imports is primarily driven by the limited modernization and innovative design within the domestic furniture industry, a shortage of skilled labor, restricted market access, and challenges in maintaining quality control. The outlook for the imported office furniture market in India is experiencing an upward trajectory. Key countries contributing to India's furniture imports include China, Vietnam, Indonesia, Italy, and Thailand. Multinational corporations (MNCs) like Teknion have adopted a strategy of appointing subcontractors for furniture installation, importing furniture primarily from their manufacturing plants in countries such as Malaysia. Similarly, in the branded segment, Durian sells imported furniture through approximately 40 outlets. The rise of e-commerce platforms in the business-to-business (B2B) space has further streamlined the process of placing overseas orders. The preference for Chinese furniture is increasing due to the escalating costs associated with good quality local timber, which is currently in short supply.

Manufacturers are progressively incorporating sustainable materials, such as recycled and FSC-certified wood, and adopting eco-friendly manufacturing processes to decrease their environmental footprint. The stress on sustainable practices extends to the entire product lifecycle, from sourcing materials to end-of-life considerations, to developing a circular economy approach. Green certifications and eco-labels are becoming projecting, assuring customers of the ecologically sensible qualities of the furniture.

The North American region is the main driver of market growth. The Key factors contributing to this growth include the growth of commercial real estate, increased spending on information and communication technology (ICT), and a rising number of startups in the region. The production of corporate offices is a direct result of these factors, meaningfully influencing market dynamics. The United States, documented as a global innovation hub, provides sufficient opportunities for new companies to establish processes and open new branches. The surge in co-working spaces and the launch of new branches further propel market development. Particularly, data from the U.S. Census Bureau, a department of the U.S. Department of Commerce, specifies a substantial increase in business formation applications, with 425,741 applications recorded in September 2022, reflecting a 1% rise compared to August 2022. This rapid growth has a considerable and positive impact on the overall growth of the office furniture market.

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Office Furniture Market

Report ID: SQMIG25F2062

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