Contract Furniture Market Trends,
Statistics & Growth Forecast 2024- 2032

Global Contract
Furniture Market is anticipated to grow substantially through 2032, owing
to the increasing number of commercial spaces globally. Contract furniture is
widely used for commercial purposes in sectors such as hotels, educational
institutions, restaurants, hospitals, airports, and offices. Additionally, the
benefits of contract furniture, such as high durability, capacity to
accommodate people of all weights and sizes, and higher frequency of use will
likely increase its adoption in the ensuing years.

Besides, companies are becoming increasingly aware of
creating a positive impression of their workspace through the furniture to make
clients and workers feel at ease, which will also positively influence the
industry outlook in the next ten years.

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In addition, the key providers in contract furniture
industry are also engaging in meaningful partnerships, mergers, and
acquisitions, in addition to launching new products to stay competitive in the
overall market. To cite an instance, in 2021, Herman Miller announced the
successful acquisition of Knoll, Inc., one of the preeminent leaders in modern
design. With this acquisition, Herman Miller, Knoll, and their legacy brands
will continue to operate as distinct brands, and the new broader portfolio,
coupled with various digital capabilities will enable the firms to better serve
their users.

Overall, the contract furniture market is segmented in terms
of material, end-user, distribution channel, and region.

Based on material, the non-upholstered segment is
anticipated to grow considerably from 2024 to 2032. The benefits of
non-upholstered furniture, such as being more elegant and stylish, offering a
higher level of comfort, a range of options, and durability, will further boost
its penetration in the coming years. Besides, increasing disposable incomes
coupled with increasing commercial activities owing to the growing working
population will bolster the market scope during the next decade.

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In terms of end-user, the healthcare segment will grow at
more than 4.5% CAGR through 2032. Furniture is a crucial part of most
healthcare projects and provides comfort, expresses optimism in waiting areas,
facilitates communication between patients and physicians, and provides extra
support to staff members to complete their tasks.

Considering the distribution channel, the online segment
will demonstrate sturdy growth by 2032. The growth will be primarily due to the
rising use of e-commerce for purchasing furniture. Online shopping has become
one of the ideal choices as it offers several benefits such as inexhaustible
gallimaufry, diverse search opportunities, and convenience for shopping.

Regionally, the Europe contract furniture industry will be
valued at over USD 33 billion by 2032. The regional growth will be majorly due
to the rising demand for office and other commercial furniture.

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