At a CAGR of 8.8%, the home office furniture market size will reach $7.61 billion by 2030

Rising entrepreneurship and work from home, growth in urbanization, and increasing inclination of customers towards multi-function furniture are driving the growth of the global home office furniture market. However, increasing cost of raw materials and environmental restrictions related to deforestation are hampering the growth of the market. On the other hand, the development of environmentally friendly raw materials and the boom in e-commerce sales offer new opportunities in the years to come.

According to the report published by Allied Market Research, the global market home office furniture market generated $3.03 billion in 2020 and is expected to reach $7.61 billion by 2030, growing at a CAGR of 8.8% from 2021 to 2030. The report offers a detailed analysis of the changing dynamics of the market, of the main pockets of investment, of the main segments, of the value chain, of the regions. scenario and competitive landscape.

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Covid-19 scenario:

  • The covid-19 outbreak has impacted manufacturing processes and supply chain management during the initial phase. Additionally, consumer discretionary spending has been minimized and companies have noticed a shift in behavior towards safer and more sustainable products.
  • The work-from-home trend, however, supported the market positively. At the same time, regulatory easing initiatives by government authorities have helped manufacturers and market players to maintain their sales structures.

The report offers detailed segmentation of the global home office furniture market on the basis of product type, material type, price range, distribution channel, and region.

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Based on product type, the table segment contributed the highest share in 2020, accounting for more than two-fifths of the total share, and is expected to maintain its leading status during the forecast period. However, the seating segment is expected to show the highest CAGR of 9.8% from 2021 to 2030.

Based on material type, the wood segment accounted for the highest share in 2020, holding almost half of the global home office furniture market, and is expected to continue to dominate during the forecast period. However, the plastic segment is expected to show the largest CAGR of 10.1% from 2021 to 2030.

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Based on region, Europe held the highest share in terms of revenue in 2020, accounting for almost two-fifths of the total share, and is expected to maintain its leading position by 2030. However, the region of Asia-Pacific is expected to experience the fastest CAGR of 10.7% during the forecast period. The research also analyzes regions such as North America and LAMEA.

Key players of the global home office furniture market analyzed in the research include Steelcase, Inc., Masco Corporation, HNI Corporation, Haworth, Inc., Inter IKEA Systems BV, L&JG STICKLEY, Inc., Kimball International, Inc. ., Okamura Corporation, Basset Furniture Industries and Durham Furniture, Inc.

About Us

Allied Market Research (AMR) is a full-service market research and business consulting division of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global corporations as well as small and medium enterprises with unparalleled quality of “Market Research Reports” and “Business Intelligence Solutions”. AMR has a focused vision to provide business insights and advice to help its clients make strategic business decisions and achieve sustainable growth in their respective market area.

We maintain professional relationships with various companies which helps us to extract market data which helps us to generate accurate research data tables and confirm the utmost accuracy of our market predictions. Pawan Kumar, CEO of Allied Market Research is essential to inspire and encourage everyone associated with the business to maintain high quality data and help customers in every way possible to achieve success. All data presented in the reports we publish are drawn from primary interviews with senior managers of large companies in the relevant field. Our secondary data sourcing methodology includes extensive online and offline research and discussions with knowledgeable industry professionals and analysts.

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Sandy A. Greer