Home office furniture market is expected to grow 5.90% during the period 2021-2026
SHERIDAN, WYOMING, UNITED STATES, January 4, 2022 /EINPresswire.com/ – According to the latest IMARC Group report titled “Home Office Market: Global Industry Trends, Share, Size, Growth, Opportunities, and Forecast 2021-2026â€, the global home office market size has reaches $ 13.40 billion in 2020. Due to the above-mentioned factors, the market is expected to grow at a CAGR of 5.90% during 2021-2026. Home office furniture is used for seating, storing documents, and creating a personalized workspace. It is used by students, employees, professionals and entrepreneurs for the purposes of writing, reading, attending online meetings and conferences, operating desktops and laptops, and store files. These ergonomic pieces of furniture help to improve the overall productivity of an employee. They usually relate to products such as sofas, tables, chairs, drawers, cabinets and undecorated kitchen utensils. Usually made of different raw materials, such as glass, plastic, wood, steel and leather, they are generally durable, economical, space saving and aesthetic.
We regularly monitor the direct effect of COVID-19 on the market, as well as the indirect influence of related industries. These observations will be incorporated into the report.
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Home Office Furniture Market Tendencies:
The global market is primarily driven by the rapid outbreak of the coronavirus disease (COVID-19) pandemic and the resulting preference for work-from-home models in the corporate sector. This is supported by mandatory lockdowns imposed by governments around the world in an attempt to contain the spread of the virus. This has propelled the demand for home office furniture globally to maintain business continuity. In addition, there has been a considerable preference for versatile and multi-functional home office furniture among individuals as it offers improved portability while saving space. With this in mind, many key players are also launching furniture with ultramodern design that helps relieve user tension and fatigue, which is gaining in importance among professionals with long working hours. Additionally, the introduction of connected desks into the market which are typically equipped with sensors that record space usage data and help correct the sitting position of individuals creates a positive outlook for the market.
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Key market segmentation:
Competitive landscape:
The competitive landscape of the market has been studied in the report along with the detailed profiles of the major players operating in the market.
• Ashley Furniture Industries Inc.
• Haworth Inc.
• Herman Miller Inc.
• HNI Company
• Inter IKEA Systems BV
• Kimball International Inc.
• Knoll Inc
• KOKUYO Co. Ltd.
• Okamura Company
• Steelcase Inc.
• Teknion Company
Breakdown by product type:
• Seating places
• Storage units and filing cabinets
• Desks and tables
• Others
Breakdown by type of material:
• Drink
• Metal
• plastic
• Glass
• Others
Breakdown by price range:
• Mooing
• Average
• High
Breakdown by distribution channel:
• Supermarkets and hypermarkets
• Specialty stores
• Online stores
• Others
Highlights of the report:
• Porter’s five forces analysis
• Market drivers and success factors
• SWOT analysis
• Value chain
• Complete mapping of the competitive landscape
Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as part of the customization.
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Elena Anderson
IMARC Services Private Limited
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