Home Office Furniture Market, Home Office Furniture Market Size, Home Office Furniture Market Trends, Home Office Furniture Market Forecast, Home Office Furniture Market Risks, Home Office Furniture Market Report, Home Office Furniture Market Share

According to a new report published by xResearch, titled, “Home Office Furniture Market 2022- Industry Insights, Trends, Opportunity & Forecast, 2021–2030,” the global home office furniture market size is anticipated to witness single digit growth during the forecast period i.e. 2022-2030.

 

Factors such as the proliferating trend of work-from-home & part-time remote working across enterprises, the escalating urbanization in the mature and emerging countries across the globe leading to an increased requirement of smart and multipurpose furniture, the rapidly growing construction sector and the increasing space constraint in the developed and developing regions are among the major factors contributing towards the growth of the global home office furniture market.

 

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According to product type, the desks & tables segment held over 42.0% of the total market share in 2021 and led the global home office furniture market. The segment is estimated to continue to lead the market over the forecast period. On the other hand, the seating segment accounted for over 40.0% market share and was the second largest market in 2021. It is expected further register growth at the highest CAGR of about 10.0% during the forecast period.

 

According to material type, the wood segment accounted for about 50.0% of the market share in the global home office furniture market in 2021 and is predicted to further retain its dominance in the market during the forecast period. However, the plastic segment is expected to attain the highest growth rate of over 10.0% during the forecast period of 2022-2030. According to distribution channel, the online stores segment led the global home office furniture market in 2021 and is expected to continue this trend over the forecast period.

 

The North American region dominated in the global home office furniture market in 2021 followed by Europe. The region held approximately 40.0% market share in 2021 and is projected to further maintain its top position in the market over the forecast period.  The Asia Pacific region is expected to witness the fastest growth at a CAGR of almost 11.0% in the global home office furniture market during the forecast period.

 

Some of the major home office furniture companies profiled in the report include Ashley Furniture Industries, Inter IKEA Group, Knoll Inc., KOKUYO Co. Ltd, Masco, Poltrona Frau, Sears Holdings, Steelcase Inc., Haworth Inc. and Herman Miller Inc.

 

The global home office furniture market is segmented into product type, material type, distribution channel and region. Based on product type, the market is bifurcated into seating, storage units & files, desks & tables and other home office furniture. Based on material type, it is classified into wood, plastic and other materials. Based on distribution channel, it is classified into flagship stores, specialty stores, online stores and other distribution channels.

 

The global home office furniture market is analyzed across North America (U.S. & Canada), Europe (Germany, United Kingdom, France, Italy, Spain, Russia, and Rest of Europe), Asia Pacific (China, India, Japan, South Korea, Indonesia, Thailand, Australia, New Zealand, and Rest of Asia Pacific), Latin America (Brazil, Mexico, and the Rest of Latin America) and Middle East & Africa (GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, and Rest of Middle East & Africa).

 

Key Insights of Home Office Furniture Market

  • On the basis of to product type, the desks & tables segment held over 42.0% of the total market share in 2021 and led the global home office furniture market. The segment is estimated to continue to lead the market over the forecast period.
  • According to product type, the seating segment accounted for over 40.0% market share and was the second largest market in 2021. It is expected further register growth at the highest CAGR of about 10.0% during the forecast period.
  • On the basis of material type, the wood segment accounted for about 50.0% of the market share in the global home office furniture market in 2021. The plastic segment is expected to attain the highest growth rate of over 10.0% during the forecast period of 2022-2030.
  • On the basis of distribution channel, the online stores segment led the global home office furniture market in 2021 and is expected to continue this trend over the forecast period.
  • On the basis of region, North America dominated in the global home office furniture market by holding in approximately 40.0% market share in 2021 and is projected to further maintain its top position in the market over the forecast period
  • On the basis of region, Asia Pacific region is expected to witness the fastest growth at a CAGR of almost 11.0% in the global home office furniture market during the forecast period.

 

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About Us:-

xResearch is a market research and consulting organization that uses unique data, expert analysis, and new technologies to create trusted intelligence on industries. Our research is focused on delivering an informed and impartial view on essential market data of industry, and it is primarily driven by an in-depth study covering the following parameters: Market Sizing and Forecasting, Market Segmentation, Competitive Analysis, Strategic Assessment and Business Modelling.

 

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