0
2021
Home Office Furniture Market

Home Office Furniture Market by Product Type (Seating, Tables, Storage Units & File Cabinets, and Others), Material Type (Wood, Metal, and Plastic), Price Range (Low, Medium, and High), and Distribution Channel (Supermarket/Hypermarket, Specialty Stores, E-Commerce, and Others): Global Opportunity Analysis and Industry Forecast 2021–2030
Update Available On-Demand

A12536
Pages: 345
Jul 2021 | 5488 Views
Author(s) : Aniket Kadam , Roshan Deshmukh
Tables: 166
Charts: 74
  • Formats*:

  • SIngle User License, Five User
    License & Enterprise User License

  • Data Pack Excel License

  • It comes with the additional cost
    of $2500.00 contact sales.

 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Home Office Furniture Market

Request Now !

The global home office furniture market size was valued at $3,032.6 million in 2020, and is estimated to reach $7,615.2 million by 2030, registering a CAGR of 8.8% from 2021 to 2030. 

Home office furniture is used for seating, installing computer systems, and storing files and documents. It is commonly used by the employees, students, professionals, and entrepreneurs for the purpose of reading, writing, operating desktops/laptops, attending online meetings and lectures, and storing files. Furthermore, the home office furniture has witnessed rapid growth in recent years, in line with the growth in the global economy and subsequent demand for work from home. Demand for versatile and multi-functional products further offers portability and can easily be accommodated in small spaces, which drives the growth of the home office furniture market. Rise in number of nuclear families fuels the demand for portable and space-saving products. This factor is anticipated to drive the demand for the market growth in the forthcoming years.

Home-Office-Furniture-Market-2021-2030

However, the prices of raw materials used in making furniture such as chipboard, timber, foam, polish chemical materials, color paints, and hardware have increased. Timber production on the other hand has gone down drastically because of unchecked deforestation. In addition, increased awareness and conflict regarding the environment have resulted in more stringent regulations concerning the use of wood. In many regions of the world, the forest industry has turned to plantations to satisfy the demand. All these factors hamper the home office furniture market growth.

COVID-19 impact on the home office furniture market

The recent COVID-19 outbreak impacted the growth of the home office furniture industry. The increase in reported cases has caused a global lockdown and restricted supply chains. Consumer discretionary spending has decreased, and businesses have noticed a behavioral shift toward safer and more durable products. Furthermore, through engagement campaigns, manufacturers are strengthening their e-commerce channel and increasing consumer engagement on their websites.

Pandemic has emphasis on “stay at home” and “work from home” that has gained immense traction in both the corporate and the government sectors. According to Fabrento, a furniture rental company, the work from home furniture segment has witnessed a growth of 200% during the pandemic. All the manufacturing units, corporate offices, schools, and colleges were shut down in an attempt to stop the spread of the COVID-19 disease. To continue their operations, the corporates and the government sectors adopted work from home to overcome the difficulties of lockdown. Moreover, the schools, colleges, and universities started online classes and lectures to continue their operations. 

Moreover, this factor significantly boosts the demand for the home office furniture among the students and working population all across the globe. The manufacturers of the home office furniture witnessed a rapid growth in the sales and revenue. This work from home and hybrid working culture is expected to remain for long even in the post COVID period. For this reason, the manufacturers of the home office furniture are anticipating a bright future for their business.

The global home office furniture market is segmented on the basis of product type, material type, price range, distribution channel, and region. Based on product type, it is classified into seating, tables, storage units & file cabinets, and others. Depending on the material type, it is segmented into wood, metal, and plastic. On the basis of price range, it is classified into low, medium, and high. The distribution channel comprises supermarkets & hypermarkets, specialty stores, e-commerce, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

According to the home office furniture market forecast, on the basis of product type, the tables and seating segments were the highest contributor to the market, accounting for 82% of the market share in 2020, because the seating and tables are the most essential and basic furniture needed to set up an office at home.

Home Office Furniture Market
By Product Type

Your browser does not support the canvas element.

Seating segment is expected to grow at highest CAGR of 9.8% during the forecast period

Get more information on this report : Request Sample Pages

On the basis of material type, the wood segment exhibited a market share of around 48.4% in 2020, as the wood and laminates (made of wood) are the most desirable material for making home office furniture due to its durability, recyclability, and strength. However, the plastic segment is anticipated to be the fastest-growing segment due to its features such as lightweight, corrosion resistance, durability, and strength.

Home Office Furniture Market
By Material Type

Your browser does not support the canvas element.

Plastic segment is expected to grow at highest CAGR of 10.1% during the forecast period.

Get more information on this report : Request Sample Pages

As per the home office furniture market trends, depending on price range, the medium segment dominated the market and accounted for $1,320.9 million in 2020 as the consumers get quality product with best features at a reasonable price. The high segment is expected to be the fastest growing segment due to the growing demand for luxurious and high-quality home office furniture in the developed markets.

Home Office Furniture Market
By Price Range

Your browser does not support the canvas element.

High segment is expected to grow at highest CAGR of 9.9% during the forecast period.

Get more information on this report : Request Sample Pages

By distribution channel, the specialty stores segment was the prominent segment, owing to high popularity and wide scale penetration of specialty stores in leading home office furniture markets such as North

Home Office Furniture Market
By Distribution Channel

Your browser does not support the canvas element.

E-commerce segment is expected to grow at highest CAGR of 13.5% during the forecast period.

Get more information on this report : Request Sample Pages

America and Europe. The specialty stores segment is followed by supermarkets & hypermarkets and e-commerce segments. Wide scale adoption of internet, online shopping platforms, and changes in consumer buying behavior due to COVID-19 is expected to boost the e-commerce segment. Moreover, the e-commerce segment is anticipated to be the fastest-growing distribution channel during the forecast period, owing to growth in popularity and developing infrastructure of e-commerce channels globally.

Home Office Furniture Market
By Regions

2030
Europe 
North America
Asia-pacific
Lamea

Asia-Pacific is expected to grow at highest CAGR of 10.7% during the forecast period.

Get more information on this report : Request Sample Pages

According to the global home office furniture market analysis, in 2020, Europe dominated the market, garnering around 37.5% of the total home office furniture market share, followed by North America. North America and Europe are characterized by high disposable income and growth of SMEs. However, Asia-Pacific is expected to show promising growth rate due to the growing penetration of start-ups and SMEs, and rapid urbanization. 

The players operating in the global home office furniture market have adopted various developmental strategies to expand their market share, exploit the home office furniture market opportunities, and increase profitability in the market. The key players profiled in this report include Haworth, Inc., Inter IKEA Systems BV, Steelcase, Inc., Masco Corporation, HNI Corporation, L & J.G. STICKLEY, Inc., Kimball International, Inc., Okamura Corporation, Basset Furniture Industries, and Durham Furniture, Inc.

Key Benefits For Stakeholders

  • The report provides an extensive analysis of the current and emerging market trends and opportunities in the home office furniture market.
  • The report provides detailed qualitative and quantitative analysis of current trends and future estimations that help evaluate prevailing market opportunities.
  • A comprehensive analysis of the factors that drive and restrict the growth of the market is provided.
  • An extensive analysis of the market is conducted by following key product positioning and monitoring the top competitors within the market framework.
  • The report provides extensive qualitative insights on the potential segments or regions exhibiting favorable growth.

Key Market Segments

By Product Type

  • Seating
  • Tables
  • Storage Units & File Cabinets
  • Others

By Material Type

  • Wood
  • Metal
  • Plastic

By Price Range

  • Low
  • Medium
  • High

By Distribution Channel

  • Supermarkets & Hypermarkets
  • Specialty Stores
  • E-commerce
  • Others 

By Region

  • North America
    • U.S
    • Canada
    • Mexico
  • Europe
    • Germany
    • Spain
    • UK
    • Italy 
    • France
    • Rest of Europe
  • Asia-Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • Rest of Asia-Pacific
  • LAMEA
    • Brazil 
    • South Africa
    • Saudi Arabia
    • UAE
    • Rest of LAMEA
 

Loading Table Of Content...


 
 

According to the CXOs of the top companies, the home office furniture market is expected to gain traction due to increase in inclination of consumers toward multi-functional home office furniture. Most of the times, the employees working from home faces space limitations at their homes. Therefore, it becomes difficult for them to acquire a high-quality wooden home office furniture. They mainly opt for lightweight, foldable, multi-functional, and durable furniture that fully serves the space limitation issues of the consumers. In addition, increase in collaboration between fashion and design companies and rise in trend toward modular structures, super sofas, and other furniture products boost the market growth. Moreover, multi-function furniture that saves space is expected to be in demand due to smaller home size and growing housing sector.

The CXOs further added that the shopping behavior of the millennial generation and the emergence of mobile devices for internet access are expected to boost the market growth. The increase in penetration of various online portals in developing economies has supplemented the online market growth. Therefore, the e-commerce medium for the sale of home office furniture products is anticipated to grow in the near future.

Moreover, rapid adoption of digital technologies and evolving shopping behaviors are anticipated to transform e-commerce into an essential element in purchasing home office furniture products. Furthermore, the home office furniture vendors are using virtual reality technology on their websites. The virtual reality allows the buyer to have a 360-degree view of the furniture and gives a brief idea about how the furniture would look after setting up in a room. This advanced technology will propel the growth of the home office furniture market in the upcoming years.

Flash Sale
PURCHASE OPTIONS

Start reading instantly ,This Report and over 13000+ more Reports, Available with Avenue Library, T&C*

Call or Email us

U.S.-Canada
Toll-free :
+1-800-792-5285
Int'l : +1-503-894-6022
Europe : + 44-845-528-1300
Email : help@alliedmarketresearch.com
 
FREQUENTLY ASKED QUESTIONS?

A. The global home office furniture market size was valued at $3,032.6 million in 2020, and is estimated to reach $7,615.2 million by 2030, registering a CAGR of 8.8% from 2021 to 2030. The growing demand for home office furniture owing to the rising popularity of the work from home culture is fostering the market growth.

A. The forecast period considered in the global home office furniture market report is from 2021 to 2030. The report provides a detailed study on the prevailing market opportunities and market scenarios in the each forecast year.

A. The base year calculated in the home office furniture market report is 2020. The year 2020 was an exceptional year characterized by the outbreak of COVID-19 pandemic. The report provides a detailed study of the impact of the COVID-19 on the global home office furniture market.

A. The key players profiled in this report include Haworth, Inc., Inter IKEA Systems BV, Steelcase, Inc., Masco Corporation, HNI Corporation, L & J.G. STICKLEY, Inc., Kimball International, Inc., Okamura Corporation, Basset Furniture Industries, and Durham Furniture, Inc.

A. On the basis of material type, the wood segment exhibited a market share of around 48.4% in 2020, as the wood and laminates (made of wood) are the most desirable material for making home office furniture due to its durability, recyclability, and strength. However, the plastic segment is anticipated to be the fastest-growing segment due to its features such as lightweight, corrosion resistance, durability, and strength.

A. According to the global home office furniture market analysis, in 2020, Europe dominated the market, garnering around 37.5% of the total home office furniture market share, followed by North America. North America and Europe are characterized by high disposable income and growth of SMEs. However, Asia-Pacific is expected to show promising growth rate due to the growing penetration of start-ups and SMEs, and rapid urbanization.

A. The players operating in the global home office furniture market have adopted various developmental strategies to expand their market share, exploit the home office furniture market opportunities, and increase profitability in the market. The key players profiled in this report include Haworth, Inc., Inter IKEA Systems BV, Steelcase, Inc., Masco Corporation, HNI Corporation, L & J.G. STICKLEY, Inc., Kimball International, Inc., Okamura Corporation, Basset Furniture Industries, and Durham Furniture, Inc.

A. The global home office furniture market size was valued at $3,032.6 million in 2020, and is estimated to reach $7,615.2 million by 2030, registering a CAGR of 8.8% from 2021 to 2030. The growing demand for home office furniture owing to the rising popularity of the work from home culture is fostering the market growth.

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Request Free Sample
RELATED TAGS
 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

Download Free Sample

OR

Purchase Full Report of
Home Office Furniture Market

Start reading instantly.
This Report and over 13,000+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,712  $3,341
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $4,125  $3,713
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $4,904
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,929  $5,890
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $10,663  $8,530
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library
    Membership

  • $ 999
    Per User/ Per month/ Billed annually
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers