Analysis of the market situation and competitive landscape of the global office furniture industry in 2022

Jul 06 , 2022

Office furniture refers to office furniture used in the office or at home, including office chairs, filing cabinets, desks, etc. Office furniture is a representative of modern business society, and its market demand is highly related to the level of economic development. Developed economies such as Europe, America and Japan are traditional markets for office furniture. On a global scale, in addition to the rapid growth of China's office furniture market, the rise of emerging economies such as Brazil and India has also contributed to the development of the global office furniture market.


In 2019, the total output value of global office furniture will reach 53 billion US dollars, accounting for about 12% of the total global furniture output value. The Asia-Pacific region is the main production region for office furniture, accounting for 47% of global office furniture production, by North America, which accounts for 28% of global office furniture production. Europe ranks third, accounting for 19% of global office furniture production. Other regions have a small share of production.


In 2019, office furniture production was highly concentrated in 8 countries, accounting for 78% of total production. In 2010, China surpassed the United States to become the world's largest producer of office furniture, and the United States slipped to the second place. At present, my country's office furniture output exceeds 16 billion US dollars, accounting for 31% of the global office furniture output. Among the major office furniture manufacturers, Japan, the United States and Canada have strong professionalism, accounting for more than 15% of office furniture production.


China's office furniture sales ranks second in the world

In 2019, the total global office furniture consumption was about 51 billion US dollars, accounting for about 12% of the total global furniture consumption. From 2013 to 2019, the total global office furniture consumption increased by 8%, while the overall furniture market increased by 11% during the same period.


From the perspective of consumption area, the Asia-Pacific region is the main consumer market of global office furniture, accounting for 41% of global office furniture consumption. Its office furniture consumption increased from the United States to 18 billion US dollars in 2013 and 21 billion US dollars in 2019. This is by North America and Europe, which account for 32% and 20% of global consumption, respectively. Office furniture consumption in North America is growing rapidly. From 2013 to 2019, the consumption of office furniture in Asia will increase by 22%, and other regions will experience negative growth.


Analysis of the market situation and competitive landscape of the global office furniture industry in 2020

From the perspective of consumer countries, about 80% of global office furniture consumption occurs in the United States, China, Japan, Germany, India, Canada, Brazil, France, the United Kingdom and Australia. Among them, the United States has a huge economy and a developed business environment, and is the world's largest consumer of office furniture. In 2019, U.S. office furniture consumption accounted for about 29% of global consumption, with a consumer market size of about $14.9 billion.


Based on the per capita office furniture consumption of the 60 countries selected by CSIL, North America and Western Europe have the highest per capita consumption, while South America, Eastern Europe and Asia have the lowest.


In 2010, the global office furniture trade volume was US$7.6 billion, reaching US$10.9 billion in 2019. According to CSIL, global trade will grow by 2% in 2020 and 3% in 2021.


The United States is the largest importer of office furniture, with imports exceeding $2.7 billion. The largest importer of office furniture to the United States is China, by Canada, Mexico, Taiwan and Germany. China's share of total U.S. office furniture imports is declining due to U.S.-China trade tensions.


The main exporters of office furniture are China, Canada, Germany, the United States and Italy. The proportion of China's office furniture exports rose from 30% in 2010 to 38% in 2019.


At the same time, Envision Industry Research Institute provides solutions such as industrial big data, industrial planning, industrial declaration, industrial park planning, and industrial investment promotion.

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