South Korea Office Furniture Market Trend Analysis Report by Type (Chairs, Tables, Storage Cabinets, Desks, And Other Office Furniture), By Material (Wood, Metal, Plastic, And Other Materials), And by Distribution Channel (Offline and Online),& Region (North America, Europe, APAC, MEA, South America) - Global Forecast to 2030
Pages: 300 | Jun-2024 Formats | PDF | Category: Consumer Goods | Delivery: 24 to 72 Hours
South Korea Office Furniture Market is forecast to grow at a CAGR of 2.9%, from USD 0.6813 Billion in 2023 to USD 0.8097 billion by 2030.
South Korea Office Furniture Market Growth In Upcoming Years
Over the last several years, the South Korean office furniture market has generally been growing with support factors such as the increasing number of new offices, startup companies, and production of ergonomic and aesthetically pleasing office furniture. The need for comfortable and functional office furniture has been on the rise with technology advancement and remote working trends.
One of the significant trend driving changes in the South Korea office furniture market is the move toward environmentally friendly and sustainable office furniture products. Consumers are getting more and more conscious of the environmental impact of their purchases, thus a surge in demand for furniture made from recycled materials or wood from sustainable sources. Still, this trend also causes difficulties for manufacturers who must find ways to produce eco-friendly office furniture that is efficient and of good quality.
The South Korea office furniture market will continue to grow and innovate next year. The focus on employee health and well-being will be one of the effects driving the demand for ergonomic furniture in the office which supports good posture and lessens the risk of musculoskeletal disorders of the body. Moreover, the move towards flexible and remote working will create demand for furniture that is modular and multifunctional which can be easily changed for different work settings.
The South Korean office furniture market is home to many local manufacturers like Kukbo Design, Hanssem, and Hyundai Mobis, which are the major players. They provide a terrific array of office furniture solutions, ranging from ergonomic seating and height-adjustable desks to chic office cubicles and storage solutions. Further, some international brands such as Herman Miller and Steelcase also sell their products in South Korea, giving the consumers diverse options to select from.
South Korea Office Furniture Market Dynamics
Market Trends 2024 and 2025
Sustainable Materials
There will be a growing focus on sustainability in the office furniture industry in 2024 and 2025. The consumers are getting more and more conscious of the environmental consequences of their purchases and are willing to buy only those products that are eco-friendly. To meet this demand, manufacturers are turning to environmentally sustainable materials like recycled wood, bamboo, and eco-friendly fabrics for their products.
Flexible Workspaces
The advent of remote work and flexible hours has led to a surge in the demand for versatile office furniture. In 2024 and 2025, we will see a shift of focus towards modular and adaptable furniture that can be easily rearranged to fit different work settings. This trend embodies the transformation of work and the resulting need for flexible solutions in the office.
Technology Integration
Technology plays an ever-increasingly important role in the workplace, consequently, office furniture manufacturers are including tech-friendly features as part of their designs. In 2024 and 2025, there will be a larger number of office furniture installations featuring charging stations built-in, wireless charging capabilities seamlessly integrated, and the inclusion of ergonomic design elements that facilitate the use of laptops and other devices.
Collaborative Spaces
The importance of collaboration and teamwork in the modern workplace has resulted in an increased demand for office furniture that facilitates group work. By 2024 and 2025, emphasis will be placed on collaborative spaces, with furniture designs that not only attract interaction but stimulate imaginative working. This trend is indicative of the move towards a more collaborative and interactive work environment
Growth Drivers 2024 and 2025
Growing Number of Startups: South Korea’s startup culture is booming, and as a result, the demand for office furniture is increasing among new businesses. Startups want trendy and practical furniture pieces that not only serve the functionality of their workspaces but also beautify them.
Employee Well-being as a Priority: Corporate companies in South Korea have made employee well-being and comfort their topmost priority. There is a great demand of ergonomic office furniture which encourages the right posture and lessens the strain as enterprises aim at establishing a healthy working environment for their employees.
Technological Improvements: Technology adoption in office furniture is one of the major factors contributing to the rise of this market. Smart desks with integrated charging ports, adjustable standing desks, etc. are some of the technological innovations that are changing the office furniture scene in South Korea.
Sustainability and Environmentally-Friendly Designs: With increasing environmental awareness among consumers, the demand for sustainable and eco-friendly office furniture has also risen. The manufacturers in South Korea are concentrating on the use of recycled materials and implementing green practices to fulfill the changing preferences of customers.
Transition to Remote Work: The office furniture market in South Korea is being affected by the remote work trend which is gaining more and more supporters. Firms are purchasing versatile and adaptable furniture solutions that can meet the requirements of remote workers.
Manufacturing of Offices that are Unique and Personal: The trend of personalizing office furniture solutions has been steadily gaining popularity among businesses in South Korea. Corporations are seeking the custom-made furniture pieces that not only represent their brand but also their corporate culture.
Competitive Landscape of the South Korea Office Furniture Market
The market is competitive and the South Korean office furniture market is marked by a mix of local producers and international companies who are competing with each other for the market’s share.
· Patra Co. Ltd
· Yhahoung Office Furniture Co. Ltd
· Fomers Furniture
· Armindo
· Merryfair
· Fursys
· Livart Neoce
· Sangdo Furniture Co. Ltd
New Developments 2024 and 2025
Kaos Co. Ltd (KOAS)
KOAS (sometimes spelled Coas) launched a new brand called “Space” in April–May 2024, targeting smaller workspaces / micro companies / co-working offices.
In 2025, KOAS signed a “Sustainable Innovation Shared Growth” agreement with Hyundai IT to jointly develop “convergence products” – combining furniture design + IT (for digital office solutions).
Dawon Chair Co. Ltd
Dawon Chairs is also a major components manufacturer (chairs + chair parts) and reportedly holds over 45% share of the domestic component market in Korea.
South Korea Office Furniture Market Regional Outlook
South Korea
Seoul Metropolitan Area
The Seoul Metropolitan Area is the prime market for office furniture in South Korea. As the capital city and the main economic center of the country, Seoul presents numerous opportunities for office furniture producers and sellers. The need for modern and ergonomic office furniture is especially great in this area since companies compete to provide their workers with comfortable and efficient work settings.
Busan
Busan, the second-largest city in South Korea, is also a significant market for office furniture. Owing to a flourishing industrial sector and a rising number of businesses that are establishing their offices in the city, there is a strong demand for quality office furniture in Busan. Manufacturers and retailers in the area are concentrating on providing a vast assortment of products to meet the requirements of the different businesses in Busan.
Incheon
Incheon is a significant market for office furniture in South Korea as well. Being a major port city and hosting many large corporations, the demand for office furniture in Incheon is constantly increasing. The local market of this region is distinguished by a preference for modern and minimalist designs, giving more importance to the functionality and the durability.
Daegu
Daegu, known mainly for its textile and fashion industries, is also a sizable market for office furniture. The businesses in Daegu are increasingly purchasing high-quality office furniture to not only provide comfortable workspaces but also to create stylish ones. Local manufacturers and retailers are focusing on delivering innovative designs and offering customizable solutions to meet the specific needs of businesses in Daegu.
South Korea Office Furniture Market Segment Analysis
The South Korean office furniture market can be classified into a variety of categories according to factors like the type of product, the material used distribution channel, as well as the final-user.
By Type
- Chairs
- Tables
- Storage Cabinets
- Desks
- Other Office Furniture
By Material
- Wood
- Metal
- Plastic
- Other Materials
By Distribution Channel
- Offline
- Online
Frequently Asked Questions
How big is the South Korea Office Furniture Market?
South Korea Office Furniture Market is predictable to grow rapidly at a 2.9% CAGR consequently, it will grow from its current size of from $ 0.6813 Billion in 2023 to $ 0.8097 Billion by 2030.
Who are the key players in South Korea Office Furniture Market?
Livart Furniture Co., Ltd., Fursys Inc., Sangdo Furniture Co., Ltd, Kaos Co., Ltd. and Patra Co., Ltd. are the major companies operating in the South Korea Office Furniture Market.
What are the current and future trends for South Korea Office Furniture market?
The South Korea office furniture market is shifting toward ergonomic, modular, eco-friendly, and smart workspace solutions driven by hybrid work and rising demand for sustainable, flexible office environments.
What are the challenges facing the South Korea Office Furniture market?
The South Korea office furniture market faces challenges such as rising raw material costs, intense domestic competition, slow office expansion due to hybrid work, and pressure to meet sustainability and design innovation demands.
Which regions dominate the South Korea Office Furniture market?
The South Korea office furniture market is dominated by the Seoul Capital Region (Seoul, Incheon, and Gyeonggi Province) due to its concentration of corporate offices and commercial developments.
Key insights provided by the report that could help you take critical strategic decisions?
· Regional reports analyse product/service consumption and market factors in each region.
· Reports highlight possibilities and dangers for suppliers in the South Korea Office Furniture Market business globally.
· The report identifies regions and sectors with the highest growth potential.
· It provides a competitive market ranking of major companies, as well as information on new product launches, partnerships, business expansions, and acquisitions.
· The report includes a comprehensive corporate profile with company overviews, insights, product benchmarks, and SWOT analysis for key market participants.
Customization: We can provide following things
1) On request more company profiles (competitors)
2) Data about particular country or region
3) We will incorporate the same with no additional cost (Post conducting feasibility).
Any Requirement Contact us: https://forinsightsconsultancy.com/contact-us/
Table of Contents
- INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
- RESEARCH METHODOLOGY
- EXECUTIVE SUMMARY
- MARKET INSIGHTS AND DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rise in New Offices in South Korea
4.2.2 Wide Range of Design Broadening Consumer Base
4.3 Market Restraints
4.3.1 Fluctuations in Raw Material Prices and Rise in Shipping Prices
4.3.2 Intense Competition from Both Local and International Players
4.4 Market Opportunities
4.4.1 Advancement in Innovative and Cost-efficient Furniture Solutions
4.5 Industry Value Chain/Supply Chain Analysis
4.6 Industry Attractiveness – Porter’s Five Forces Analysis
4.6.1 Threat of New Entrants
4.6.2 Bargaining Power of Buyers/Consumers
4.6.3 Bargaining Power of Suppliers
4.6.4 Threat of Substitute Products
4.6.5 Intensity of Competitive Rivalry
4.7 Insights on Current Trends and Innovations in the Market
4.8 Impact of COVID-19 on the Market
- MARKET SEGMENTATION
5.1 By Type
5.1.1 Chairs
5.1.2 Tables
5.1.3 Storage Cabinets
5.1.4 Desks
5.1.5 Other Office Furniture
5.2 By Material
5.2.1 Wood
5.2.2 Metal
5.2.3 Plastic
5.2.4 Other Materials
5.3 By Distribution Channel
5.3.1 Offline
5.3.2 Online
- COMPETITIVE LANDSCAPE
6.1 Market Concentration Overview
6.2 Company Profiles
6.2.1 Fursys Inc.
6.2.2 Livart Furniture Co. Ltd
6.2.3 Sangdo Furniture Co. Ltd
6.2.4 Kaos Co. Ltd
6.2.5 Patra Co. Ltd
6.2.6 Yhahoung Office Furniture Co. Ltd
6.2.7 Dawon Chair
6.2.8 Fomers Furniture
6.2.9 Armindo
6.2.10 Merryfair*
*List Not Exhaustive
- MARKET OPPORTUNTIES AND FUTURE TRENDS
- DISCLAIMER AND ABOUT US
Select PDF License
Single User: $3499
Multiple Users: $4499
Corporate Users: $5499
