Global Home Office Furniture Market Overview And Prospects
Learn about the global home office furniture market through The Business Research Company, which provides information on home office furniture market size, home office furniture market drivers and restraints, home office furniture market players, the COVID-19 impact on the home office furniture market, and more.
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%.
The recent outbreak of the COVID-19 pandemic is expected to drive innovation in home office furniture manufacturing, thus driving the market during the forecast period.
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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.
Global home office furniture market segments include:
By Product: Seating, Storage Units, Desks And Tables, Others
By Material: Wood, Metal, Plastic, Others
By Price: Premium, Mid-range, Economic
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 is the largest region in the home office furniture market in 2020.
The launch of 3D modelling and other technological innovations in the furniture world is a key trend in the home office furniture market.
TBRC’s home office furniture market report covers:
Major Market Players: 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)
The Home Office Furniture Global Market Report 2021: COVID-19 Growth and Change 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, leading competitor revenues, profiles and market shares.
TBRC’s home office furniture market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
Here is a list of similar reports from The Business Research Company:
Household Furniture And Kitchen Cabinet Global Market Report 2021
Furniture Global Market Report 2021
Manufactured Wood Materials Global Market Report 2021
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