Comparing the current results to its competitors, Steelcase Inc reported Revenue increase in the 2 quarter 2025 by 4.83 % year on year. The sales growth was above Steelcase Inc's competitors' average revenue growth of 4.63 %, achieved in the same quarter.
Steelcase Inc's Comment on Competition and Industry Peers
The Americas office furniture industry is highly competitive, with several companies offering similar product categories. Competition factors include insight, product performance, design, price, service, and relationships with customers, architects, and designers. Major competitors in the U.S. market are MillerKnoll, Inc., Haworth, Inc., and HNI Corporation. The International segment serves customers in the EMEA and Asia Pacific regions, where the office furniture markets are competitive and fragmented, featuring many local and regional manufacturers specializing in specific product categories.
Overall company revenue, increased by 4.83 % faster than Steelcase Inc's competitors within this division and its market share improved to approx. 0.47 %. << More on SCS Market Share.
*Market share is calculated based on total revenue.
Williams Sonoma Inc's business model revolves around offering a diverse range of high-quality home furnishings, kitchenware, and specialty food items through its various retail brands and e-commerce channels. They focus on delivering exceptional customer experiences, providing expert product knowledge, and maintaining strong supplier relationships to continually innovate and satisfy their customers' needs.
Virco Mfg Corporation operates based on a business model that focuses on the manufacturing and distribution of furniture for educational institutions. The company offers a wide range of products such as desks, chairs, tables, and storage solutions specifically designed for classrooms and other educational settings. By catering to this niche market, Virco Mfg Corporation aims to provide essential and durable furniture that enhances the learning environment for students and educators alike.
Millerknoll Inc operates under a direct-to-consumer business model, selling a wide range of customizable home furniture and decor products. By bypassing traditional brick-and-mortar retail channels, the company focuses on selling its products directly to customers through its online platform, offering convenience, affordability, and a personalized shopping experience. The company also emphasizes sustainability by using eco-friendly materials and manufacturing processes.
La-Z-Boy Incorporated operates under a business model focused on manufacturing and selling a wide range of residential furniture, primarily recliners and upholstery products, through a network of company-owned stores, independent retailers, and online channels, aiming to provide customers with comfortable and stylish home seating solutions. They also strive to enhance brand recognition and capture market share by continuously innovating their product offerings and delivering exceptional customer service.
Leggett and Platt Inc operates as a diversified manufacturer that designs and produces a wide array of engineered components and products tailored for industries such as bedding, furniture, automotive, and aerospace. Their business model emphasizes innovation and strategic partnerships, utilizing their deep expertise in engineering and manufacturing to deliver high-quality, value-driven solutions that meet the diverse needs of their customers. By focusing on product differentiation and operational efficiency, they aim to drive sustainable growth and profitability across their various market segments.
Sources:
Steelcase Inc’s official press releases and regulatory filings; CSIMarket.com’s market research; and the financial filings and press releases of other companies cited in this report.
Updated on:
Focus of this report: publicly traded companies.
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