Asia Pacific Contract Furniture Market Size & Outlook
Asia Pacific contract furniture market, 2018-2030 (US$M)
Related Markets
Asia Pacific contract furniture market highlights
- The Asia Pacific contract furniture market generated a revenue of USD 52,556.0 million in 2023.
- The market is expected to grow at a CAGR of 6.2% from 2024 to 2030.
- In terms of segment, chairs & stools was the largest revenue generating product in 2023.
- Sofa & Couch is the most lucrative product segment registering the fastest growth during the forecast period.
- Country-wise, Japan is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 52,556.0 million |
| Market revenue in 2030 | USD 79,893.9 million |
| Growth rate | 6.2% (CAGR from 2023 to 2030) |
| Largest segment | Chairs & stools |
| Fastest growing segment | Sofa & Couch |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Chairs & Stools, Tables & Desks, Storage Furniture, Sofa & Couch |
| Key market players worldwide | MillerKnoll Inc, Steelcase Inc Class A, HNI Corp, Global Industrial Co, Haworth, Inc., Kinnarps, Teknion, OFS |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 35.8% of the global contract furniture market in 2023.
- Globally, Asia Pacific is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 79,893.9 million by 2030.
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Contract Furniture Market Scope
Contract Furniture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific contract furniture market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to contract furniture market will help companies and investors design strategic landscapes.
Chairs & stools was the largest segment with a revenue share of 34% in 2023. Horizon Databook has segmented the Asia Pacific contract furniture market based on chairs & stools, tables & desks, storage furniture, sofa & couch covering the revenue growth of each sub-segment from 2018 to 2030.
The Asia Pacific contract furniture market is experiencing growth due to factors such as rapid urbanization, increasing commercial construction activities, and rising demand for high-quality furnishings in commercial spaces.
For instance, Warisan (Indonesia) is a globally recognized leader in high-end custom design furniture manufacturing for full-scope contract boutique hotel projects as well as home refurbishments. Its products are mainly represented in 5-star hotels and resorts globally.
Warisan sources raw materials such as hardwood and plywood from Indonesian plantations. The materials are FSC-certified. The company has also obtained the Sistem Verifikasi Legalitas Kayu (SVLK) certification, ensuring every stage of harvesting, transportation, processing, and sale of timber products originates from forests and plantations managed sustainably.
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Target buyers of Asia Pacific contract furniture market databook
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Our clientele includes a mix of contract furniture market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific contract furniture market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific contract furniture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific contract furniture market size, by country, 2018-2030 (US$M)
Asia Pacific Contract Furniture Market Outlook Share, 2023 & 2030 (US$M)
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