Reception Furniture Market

Reception Furniture Market Outlook (2023 to 2033)

Fact.MR states that the global reception furniture market reached a size of US$ 1.8 billion in 2022. The market is forecasted to reach a valuation of US$ 5.4 billion by the end of 2033, expanding rapidly at 10.5% CAGR over the next ten years.

Sales of reception seating furniture are expected to increase at a CAGR of 9.2% from 2023 to 2033, while that of reception tables are predicted to rise at a CAGR of 10.4%. North America will continue to be the leading regional market over the coming years, while product sales in China are expected to increase faster than the global average.

Attributes	Details
Reception Furniture Market Size (2022A)	US$ 1.8 Billion
Estimated Market Value (2023E)	US$ 1.9 Billion
Forecasted Market Value (2033F)	US$ 5.4 Billion
Global Market Growth Rate (2023 to 2033)	10.5%
China Market Growth Rate (2023 to 2033)	10.2%
Table Segment Growth Rate ( 2023 to 2033)	10.4%
United States Market Growth Rate (2023 to 2033)	9%
Offices Segment Growth Rate (2023 to 2033)	9.9%
Leading Regional Market	North America
Key Companies Covered	IKEA Haworth Lesro Steelcase MillerKnoll Kimball International Teknion Jasper Group HNI 9to5 Seating Allseating Arcadia Hickory Business Furniture Alea Halcon

Revenue Analysis of Reception Furniture (2018 to 2022) Compared to Demand Outlook (2023 to 2033)

As per Fact.MR, a market research and competitive intelligence provider, from 2018 to 2022, the reception furniture market expanded at 6.4% CAGR. The market is projected to generate an absolute dollar opportunity of US$ 3.5 billion and reach US$ 5.4 billion in value by the end of 2033.

What are the Key Factors Influencing the Demand Growth for Reception Furniture?

“Increasing Number of Expansion Projects of Office Premises and IT Parks”

Growth of the hospitality sector, encompassing hotels and resorts, has had a profound impact on the market. As the travel and tourism industry continues to flourish, hotels and resorts are at the forefront of providing memorable and exceptional guest experiences. In 2023, the hotel and resort industry is expected to reach US$ 1.2 trillion, which represents a 13% increase from the previous year. This has led to an increased focus on guest comfort and well-being, influencing reception furniture choices.

The reception area, being the first point of contact for visitors, plays a crucial role in shaping their perceptions of the establishment. This has led hotels and resorts to prioritize the design and furnishing of their reception areas with high-quality, stylish, and functional furniture. For instance, a luxury resort located in a tropical country invests in custom-made reception furniture that incorporates elements of the local culture and natural surroundings. Use of locally sourced materials and artisanal craftsmanship plays a part in enhancing the guest experience.

Expansion of office premises and IT parks is another significant driving force behind the reception furniture market's growth and evolution, and this has especially driven the sales of office reception desks.

• According to a study conducted on 500 enterprises in 2022, 65% of them plan to expand their business overseas, especially in developing regions.
• The global office buildings market was valued at US$ 583.2 billion in 2022 and is expected to reach US$ 610.4 billion by 2027, which is benefitting lobby furniture manufacturers.

As businesses grow and embrace new technologies, they seek to create modern and impressive reception areas that reflect their brand identity and corporate culture. This has led to a surge in demand for reception furniture that combines aesthetics, functionality, and technological integration to create welcoming and efficient reception spaces.

Which Region Accounts for High Sales of Reception Furniture?

“Growing Focus on Creation of Well-designed and Technologically Integrated Reception Areas”

The North American market stood at US$ 478.4 million in 2022. Sales of reception furniture in North America are expected to reach US$ 1.2 billion by 2033-end.

Aggressive and continuous expansion of tech giants such as Google, Meta, and Amazon in Canada will serve as a catalyst for the increased demand for reception furniture in North America. Their strategic investments in the region underscore the growing importance of well-designed and technologically integrated reception areas in shaping corporate image, fostering positive visitor experiences, and accommodating the needs of an evolving workforce.

As technology behemoths prioritize the creation of modern, engaging, and innovative office spaces, demand for reception furniture that aligns with their visions and values is expected to rise.

Country-wise Analysis

Country	CAGR (2023 to 2033)
China	10.2%
United States	9%

Why are Manufacturers of Reception Furniture Eyeing the United States?

“Heavy Investments in Airport Renovation Leading to Constant Demand Growth for Reception Furniture”

The United States market is estimated to climb to a size of US$ 1.1 billion by 2033, offering an absolute dollar opportunity of US$ 678.4 million over the next 10 years. The market in the United States advanced at a CAGR of 6.8% from 2018 to 2022. Through 2033, demand for reception furniture is expected to rise at a CAGR of 9%.

The United States has the most airports in the world with a total of 13,513 as of 2022. The country invests heavily in expanding and renovating its airports to accommodate the growing number of travelers. Airport terminals are often designed with modern and welcoming reception areas to provide a positive first impression to passengers. This creates a demand for reception furniture that is not only functional but also aesthetically pleasing and durable and works well for reception area seating purposes.

How are Sales of Reception Furniture Faring in Germany?

“Extensive Adoption of Omnichannel Strategies for Distribution of Reception Furniture”

The market for front office furniture in Germany is projected to reach US$ 231.2 million by 2033, offering an absolute dollar opportunity of US$ 140.9 million from 2023 to 2033. Sales of reception furniture rose at a CAGR of 5.5% from 2018 to 2022 and are forecasted to advance at 9.1% CAGR from 2023 to 2033.

Availability of 3D product representations or augmented reality apps by German shops is fueling demand for reception furniture on e-commerce platforms. With the rising adoption of omnichannel strategies by retailers like IKEA and Otto, sales of reception furniture products are gaining traction in the country.

What Makes China a Profitable Market for Manufacturers of Reception Furniture?

“Market Benefitting from Increasing Furniture Exports”

The China market is estimated to reach US$ 664.6 million by 2033, which relates to an absolute dollar opportunity of US$ 433.3 million over the decade. Sales of reception furniture in China advanced at a CAGR of 4.9% from 2018 to 2022 and are anticipated to rise at a 10.2% CAGR through 2033.

China accounts for 40% of global furniture production. China exported US$ 53 billion worth of furniture and related spare parts from January to October of 2021, which was a 25.4% rise during the same months in the previous year, according to the General Administration of Customs.

Why is Demand for Reception Furniture Rising Steadily in Japan?

“Focus on Construction of Large-scale Office Buildings”

The market in Japan is expected to advance to US$ 293.2 million by the end of 2033, generating an absolute dollar opportunity of US$ 202.4 million from 2023 to 2033. From 2018 to 2022, sales of reception furniture increased at a CAGR of 5.8%. Revenue from reception furniture sales is expected to rise at a CAGR of 11.5% from 2023 to 2033.

The number of large-scale office buildings is steadily increasing in locations such as Tokyo. New large-scale office buildings with a combined floor area of 10,000 square meters or more can be found across Tokyo. The total area of office buildings in Tokyo is estimated to reach 1.3 million square meters by the end of 2023. Thus, the market for front office furniture is anticipated to expand further as the construction of office buildings continues.

Category-wise Insights

Segment	CAGR (2023 to 2033)
Table	10.4%
Furniture for Office	10.3%

Which Material is Extensively Utilized in Making Reception Furniture?

“Durability and Wear Resistance of Wood Leading to Extensive Use in Reception Furniture”

Demand for wooden reception furniture rose at a CAGR of 5.9% from 2018 to 2022 and is expected to advance at a CAGR of 10.7% through 2033. The timeless appeal, versatility, and sustainability of wood are responsible for its widespread usage in the manufacturing of reception furniture. Wood exudes warmth and sophistication, making it a popular choice for creating welcoming and professional reception areas.

The adaptability of wood allows for various design styles, from traditional to modern, catering to diverse aesthetic preferences. Moreover, wood is a relatively eco-friendly option, aligning with growing environmental consciousness. If sourced responsibly, wood aligns with green building practices. These factors, coupled with wood's durability and ability to withstand wear and tear, contribute to its enduring popularity.

Competitive Analysis

Key players in the reception furniture market are IKEA, Haworth, Lesro, Steelcase, MillerKnoll, Kimball International, Teknion, Jasper Group, HNI, 9to5 Seating, Allseating, Arcadia, Hickory Business Furniture, and Halcon.

Some of the recent developments in the market are as follows :

• In August 2023, Jasper Group announced its plans to occupy a new space in Chicago, Illinois. The company plans to spend more than US$ 1 million on the new space, which is expected to provide the company with additional space to expand its operations.
• In May 2023, Kimball International unveiled new table and seating options for workplaces, healthcare facilities, and educational institutions. The company's "Creating Places to Belong” initiative is supported by the design-focused, creative, and effective attributes of these furniture products.
• In May 2023, HBF announced a collaboration with ALA Bao. For easy customization, ALA and HBF have included a range of upholstery choices and finishes in the collection. Bao offers a comprehensive selection of HBF's textiles, particularly tailored for the hospitality industry, as part of its graded-in standards.
• In January 2023, IKEA introduced a market-first worldwide wood supply map that offers more information on the place of origin of the wood used in its products. The map explains where all the wood used in IKEA products is sourced from and why it is so important to the company's product line.
• In May 2022, The HON Company received recognition at the 2022 North American Office Products Awards (NAOPA) ceremony, which took place during Industry Week in Las Vegas, Nevada. The company achieved a remarkable feat as its Workwall product secured the Best Product award in the Furniture & Design category.
• In December 2021, Haworth announced a partnership with Mikomax, a Poland-based manufacturer of acoustic pod solutions. This partnership is expected to help Haworth to expand its portfolio.

Segmentation of Reception Furniture Industry Research

• By Type :

  • Seating
    • Chairs
    • Sofas
    • Stools
  • Table
  • Storage

• By Material :

  • Wood
  • Metal
  • Plastic

• By Distribution Channel :

  • Furniture Retail Stores
  • Brand Outlets
  • Online Stores

• By End Use :

  • Offices
  • Hotels
  • Others

• By Region :

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & ASEAN
  • Middle East & Africa
  • Oceania