The Global Home Office Furniture Market Report by The Business Research Company covers home office furniture market drivers and restraints, home office furniture market size, major players, and the impact of COVID-19 on the home office furniture market.
The home office furniture market consists of sales of office furniture products by entities (organizations, sole traders, or partnerships) that manufacture furniture for office space at home. These are utilized for various purposes, such as, for people working from home on office days, families working on house budgets, and by kids to do school projects. Home office furniture mainly involves products, such as couches, sofas, non-decorated kitchenware, tables, chairs, and drawers. These furniture products are commonly used in small business spaces, residential spaces by people.
The global home office furniture market is expected to grow from $58.74 billion in 2020 to $64.08 billion in 2021 at a compound annual growth rate (CAGR) of 9.09%. The growth in the home office furniture market is mainly due to the space constraint in the developed and developing, shift towards homeworking, increasing preference for comfortable and effective home furniture, and rising home businesses. The market is expected to reach $81.45 billion in 2025 at a CAGR of 6.18%.
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Some home office furniture market trends include launch of 3D modeling and other technological innovations in the furniture world. According to Xarpie labs a variety of technologies such as 3D modeling, virtual reality, and augmented reality are being used in most of its processes beginning from planning and developing prototypes or products, right from the marketing, and to the end of the value chain that is sales. Integrating these technologies assures the special effect on how the furniture looks and also helps to develop digital inventories to understand customer requirements.
Global home office furniture market segments include:
1) By Product: Seating, Storage Units, Desks And Tables, Others
2) By Material: Wood, Metal, Plastic, Others
3) By Price: Premium, Mid-range, Economic
4) By Distribution Channel: Flagship Stores, Specialty Stores, Online, Others
By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest global home office furniture market share.
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The Home Office Furniture Global Market Report 2021: COVID-19 Impact and Recovery to 2030 is one of a series of new reports from The Business Research Company that provides home office furniture market overviews, analyzes and forecasts market size, share, home office furniture market players, home office furniture market segments and geographies, market’s leading competitors’ revenues, profiles and market shares.
The home office furniture identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
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Read Home Office Furniture Global Market Report 2021: COVID-19 Impact and Recovery to 2030 from The Business Research Company for information on the following:
Data Segmentations: Market Size, Global, By Region And By Country; Historic And Forecast Size, And Growth Rates For The World, 7 Regions And 12 Countries
Market Players Covered: Ashley Furniture Industries, Herman Miller Inc., Inter IKEA Group, Sears Holdings, Steelcase Inc., Knoll Inc., Masco, Poltrona Frau, Hooker Furniture, and Kimball International.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
Time Series: Five years historic (2015-20) and ten years forecast (2021-2025-2030)
Other Information And Analyses: SWOT analysis, customer information, market product/service analysis – product examples, trends and opportunities, drivers and restraints, key mergers and acquisitions, suggested trend based strategies, impact of COVID-19 on the market, future outlook and potential analysis, key metrics covered: number of enterprises, number of employees, global market in 2021 – countries offering most new opportunities, conclusions and recommendations by expert analysts.
Sourcing and Referencing: Data and analysis throughout the report are sourced using end notes.
Strategies For Participants In The Home Office Furniture Industry: The report explains a number of strategies for companies in the market, based on industry trends and company analysis.
Opportunities For Companies In The Home Office Furniture Sector: The report reveals where the global industry will put on most $ sales up to 2023.
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