The US office furniture market size is expected to reach $22.24 billion by 2030 with a compound annual growth rate (CAGR) of 5% over the forecast period, according to a new data report from ResearchAndMarkets.com.
The seating product segment accounted for the market’s largest share this year and is predicted to grow further at a CAGR of 5.3% over the forecast period – this was attributed to workers spending more than eight to 10 hours per day at their jobs, thus requiring comfortable seating. The online distribution channel segment is expected to have the highest CAGR of 9.6% from 2025 to 2030 – the report noted the growing popularity for furniture e-commerce as a result of the pandemic.
“The recent rise in home offices as a result of an increase in remote work has boosted product demand in the region,” said the report, adding that “various factors, such as rising disposable incomes, the real estate industry’s growth, the growth of businesses, and consumer demand for luxury & premium furnishings, are driving the market growth. Furthermore, the growing hybrid working culture and the expansion of ed-tech platforms are driving industry growth. Work-from-home has become the norm and is expected to continue for the foreseeable future, driving the need for comfortable home office furniture.”
;
