Office furniture sales in the US have exhibited a consistent upward trajectory over the past decade, growing from $4.0396 billion in 2013 to $5.4918 billion in 2023. The market experienced some fluctuations, with notable declines in 2016 and 2020. However, year-on-year growth has generally remained positive, indicating a resilient market. As of 2023, sales reached $5.4918 billion, representing a 2.39% increase from the previous year.
Over the past five years, the compound annual growth rate (CAGR) stood at 2.62%, reflecting moderate and steady growth. Forecasts from 2024 to 2028 indicate an anticipated CAGR of 1.81%, suggesting a more subdued but still positive market outlook.
Key future trends to watch include:
- Automation and technology integration driving new product innovations.
- Increasing demand for ergonomic and sustainable office furniture.
- Potential market shifts influenced by hybrid and remote working models.
