Home office furniture is primarily used for seating, mounting computer systems, and keeping important documents and files safe. From company resources to students and even entrepreneurs tend to use them for various purposes including attending online conferences, participating in conferences, writing articles, reading books, etc. In particular, a sharp increase in the tendency to have nuclear families has accentuated the demand for portable objects, especially those which are quite small in nature. This factor has been the major driver for the growth of the office furniture market in several ways.
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According to Allied Market Research, the global home office furniture market is expected to exhibit considerable CAGR from 2021 to 2030. Here, it is worth mentioning that COVID-19 outbreak has had a mixed impact on the home office furniture market. As reported cases began to increase, most countries around the world declared lockdown, especially in the initial phase, which led to supply chain distortion. At the same time, as consumer discretionary spending saw a sharp decline, companies also appeared to be shifting towards more robust commodities. However, on the other hand, through several engagement campaigns, manufacturers have now started to strengthen their ties to e-commerce, thereby boosting consumer engagement on their web pages. This drift turned out to be very beneficial for the market.
Simultaneously, the pandemic has given way to a growing trend of “work from home” and “stay at home” orders. And, with this trend on board, the home office furniture market is said to have gained huge traction in the government and corporate spheres. According to surveys conducted by several furniture rental companies, the home furnishings labor segment has seen tremendous growth of almost two hundred percent during the pandemic. Most educational institutions, businesses and manufacturing units have been closed in an attempt to deter the spread of the virus. Even, colleges and universities have started online conferencing to keep their operations going.
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This factor has fueled the demand for home office furniture among the working population in majority of the countries. Even, the makers of such furniture have achieved steady growth in terms of revenue and sales. This trend is also expected to continue after the pandemic.
The Milan Furniture Fair recently kicked off and the topic of the event was getting used to life during the pandemic. A pool counter that converts into a dining slab, a book stand that converts into a shaving faceplate, and sound deadening sheets to speed up working from home were a few ideas that were on the minds of presenters at the fair. . After months at home, many people began to renovate their apartments and homes into offices and schools, eventually blurring the boundaries between private and public spaces.
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