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Home Office Furniture Market | Covid-19 Impact Analysis
The Home Office Furniture Market is Segmented by Product Type (Seating, Storage Units, Desks and Tables, and Others), by Material Type (Wood, Metal, Plastic, Glass, and Others), by Distribution Channel Type (Flagship Stores, Specialty Stores, Online and Others), and by Region (North America, Europe, Asia-Pacific, and Rest of the World)
Covid-19 has impacted the market dynamics, competition, and global supply chains. The revenues have gone down in 2020 and may resume an uptrend gradually from 2021. Companies optimizing their operation and strategy will sustain and beat the competition.
Note: The summary below might not have included insights on covid impact since we have large number of reports.
Home office furniture market is likely to witness an impressive CAGR of 6.8% during the forecast period. Growing urbanization, rise in entrepreneurship and work from home culture, and development of multi-functional furniture are the prime factors contributing to the demand for home office furniture. Increasing popularity of smart furniture in urban areas is also one of the key factors driving the market growth.
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Home Office Furniture Market – Snapshot |
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Growth |
6.8% for the next five years |
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Fastest Growing Distribution Channel Type |
Online |
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Region with the Highest Demand |
North America |
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Key Players |
Ashley Furniture Industries, Inc., Haworth Inc., Herman Miller Inc., HNI Corporation, Hooker Furniture Corporation, Inter IKEA Holding B.V., Kimball International, Knoll Inc., KOKUYO Co. Ltd., and Steelcase Inc. |
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Based on the distribution channel type, the home office furniture market is segmented as flagship stores, specialty stores, online and others. The online segment was the fastest-growing segment of the market in 2020 and is likely to maintain its dominance over the forecast period. Policies such as secured transactions, cash on options, convenient return, and integrated and centralized customer service encourage consumers to purchase furniture online, which is driving the growth of the segment during the forecast period.
In terms of regions, North America is estimated to be the largest market during the forecast period, with the USA, Canada, and Mexico being the major countries with lucrative growth opportunities. The growth of the region’s market is mainly driven by the rising trend of work from home in the USA. A majority of employers are giving facility to their employees to work remotely, which in turn, is fueling the demand for home offices. People are also involving themselves in other entrepreneurial activities which lead to the high demand for home offices to greet their own personal clients in a safe and confined space. This new trend is also a key factor determining the growth of the market in the region. Europe and Asia-Pacific are also likely to offer promising growth opportunities during the forecast period.
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Some of the major home office furniture manufacturers are-
Home office furniture are the furniture products that are used in the residential and commercial spaces by individuals for their personal home offices. Home office furniture are mainly inclusive of products such as non-upholstered kitchenware, sofas, tablets, chairs, drawers and couches, and are manufactured by plastic and wood material. Rising urbanization in both of the developed and developing countries, along with increasing demand for smart & multipurpose furniture, and increasing residential and commercial spaces is the substantial driving factor of the home office furniture market across the world.
This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision making and growth strategy formulation based on the opportunities present in the market.
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Home Office Furniture Market Research Report – Features |
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Market Segmentation |
4 |
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Regions Covered |
4 |
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Countries/Sub-Regions Covered |
15 |
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No. of Figures & Tables |
>150 |
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Company Profiles |
10 |
The home office furniture market is segmented into the following categories.
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This report offers high-quality insights and is the outcome of detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact book, press release, journals, investor presentation, white papers, patents, and articles have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both the qualitative and quantitative insights.
This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision making for the existing market players as well as those willing to enter the market. The following are the key features of the report:
With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:
Company Profiling
Market Segmentation
Competitive Benchmarking
Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry at [email protected].
The home office furniture market is expected to witness an impressive growth of 6.8% CAGR in the foreseeable future.
Ashley Furniture Industries, Inc., Haworth Inc., Herman Miller Inc., HNI Corporation, Hooker Furniture Corporation, Inter IKEA Holding B.V., Kimball International, Knoll Inc., KOKUYO Co. Ltd., and Steelcase Inc are among the key players in the home office furniture market.
North America is expected to be the largest home office furniture market during the next five years.
The online segment is expected to remain dominant in the home office furniture market in the coming years.
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