Office Furniture, Fixtures & Equipment Manufacturing Industry Profile

Companies in this industry manufacture office furniture, and office and store fixtures. Major US companies include Herman Miller, HNI Corporation, Knoll, Krueger International, and Steelcase.

In 2023, China, Germany, and Italy had a total value export of about $100 billion worth of furniture globally, according to Statista. The global furniture industry was valued at $748 billion in 2024 and is expected to reach about $1 trillion by 2033 with a compound annual growth rate of 5.3%, according to Straits Research.

The US office furniture, fixtures, and equipment manufacturing industry includes about 3,600 companies with combined annual revenue of about $26 billion.

COMPETITIVE LANDSCAPE

Demand for office and business furniture and fixtures is driven by corporate spending and commercial construction and vacancy rates. The profitability of individual companies is closely linked to volume, since many costs are fixed. Large companies enjoy economies of scale in manufacturing and distribution. Small companies can compete effectively if they produce specialty items or products with high-quality workmanship that can sell for a premium price. The US industry is fragmented: the 50 largest firms account for less than 50% of industry revenue.

PRODUCTS, OPERATIONS & TECHNOLOGY

Major product categories include custom architectural woodwork contributing about 30% of industry revenue. Office chairs account for about 10%, and office furniture, fixtures, storage racks, accessories, and office files, all account for about 5%. Specific office and business furniture products include wood and nonwood desks, chairs, tables, filing ...