South Africa Contract Furniture Market Size & Outlook
South Africa contract furniture market, 2018-2030 (US$M)
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South Africa contract furniture market highlights
- The South Africa contract furniture market generated a revenue of USD 1,975.0 million in 2023 and is expected to reach USD 3,029.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 6.3% 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.
Contract furniture market data book summary
| Market revenue in 2023 | USD 1,975.0 million |
| Market revenue in 2030 | USD 3,029.0 million |
| Growth rate | 6.3% (CAGR from 2023 to 2030) |
| Largest segment | Chairs & stools |
| Fastest growing segment | Sofa & Couch |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 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, South Africa accounted for 1.3% of the global contract furniture market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Middle East & Africa, South Africa contract furniture market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 3,029.0 million by 2030.
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Contract Furniture Market Scope
Contract Furniture Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 33.02% in 2023. Horizon Databook has segmented the South Africa 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.
As more people move to urban areas, the need for commercial and public spaces increases, leading to a higher demand for furnishings for these spaces. Contract furniture, designed specifically for commercial and public environments, is essential for creating functional and aesthetically pleasing as well as well-equipped living and working environments.
Office Group, an online provider of office furniture in South Africa since 2005, offers a variety of furniture for different business settings. The company prioritizes providing high-quality products at competitive prices and offers assistance with queries and budget-friendly solutions.
The increasing demand for modern and customized office furniture solutions, a growing emphasis on workplace aesthetics and functionality, and the adoption of advanced technologies in furniture manufacturing processes are driving the contract furniture market in South Africa.
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Our clientele includes a mix of contract furniture market companies, investment firms, advisory firms & academic institutions.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the South Africa contract furniture market , including forecasts for subscribers. This country databook contains high-level insights into South Africa contract furniture market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa contract furniture market size, by product, 2018-2030 (US$M)
South Africa Contract Furniture Market Outlook Share, 2023 & 2030 (US$M)
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