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Home Office Furniture Market Report and Forecast 2024-2032

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    Report

  • 173 Pages
  • April 2024
  • Region: Global
  • Expert Market Research
  • ID: 5960682
According to this report, the global home office furniture market size reached a value of USD 28.36 billion in 2023. Aided by the rising trend of remote work and the increasing emphasis on ergonomically designed furniture, the market is projected to further grow at a CAGR of 6.3% between 2024 and 2032 to reach a value of USD 49.19 billion by 2032.

The home office furniture market growth is primarily driven by the global shift towards telecommuting and freelance work, which has been accelerated by the COVID-19 pandemic. As more corporations adopt flexible work policies, individuals are investing in their home office environments to ensure a productive and professional workspace.

Another critical driver is the growing awareness of the health implications associated with prolonged sitting and poor workspace ergonomics. This has led to increased demand for furniture that supports proper posture and reduces the risk of musculoskeletal disorders.

As per the home office furniture market analysis, there is a significant trend toward ergonomic furniture that is designed to offer comfort and support during long working hours. Products such as adjustable chairs, sit-stand desks, and ergonomically designed keyboard trays are seeing heightened demand.

Consumers are becoming increasingly aware of environmental issues and are seeking sustainable home office furniture options. Manufacturers are responding by using recycled materials, sustainable wood, and non-toxic finishes in their products, which aids the home office furniture market expansion.

The integration of technology into home office furniture is a growing trend. This includes the development of smart desks with built-in charging stations, Bluetooth speakers, and electronic adjustability features. With urban living spaces getting smaller, there is a rising demand for compact and multi-functional furniture. Convertible desks, foldable chairs, and modular storage solutions that can adapt to various needs and spaces are particularly sought after.

As per the home office furniture market outlook, as home offices often form part of personal living spaces, aesthetic appeal is becoming as important as functionality. Consumers are looking for furniture that not only serves its purpose but also complements the home decor. Customisable options that allow buyers to select materials, finishes, and designs are becoming increasingly popular.

The market has witnessed several innovations and product launches aimed at catering to the evolving needs of home office workers. Major players in the home office furniture market are focusing on research and development to introduce advanced ergonomic designs and tech-integrated furniture solutions. Additionally, strategic partnerships and acquisitions have been prevalent as companies aim to expand their market presence and enhance product portfolios.

North America holds a significant share of the market, attributed to the high prevalence of telecommuting and the presence of several leading furniture manufacturers. However, Asia Pacific is projected to experience the fastest growth during the forecast period, driven by the increasing adoption of remote work and the rapid expansion of the residential sector in emerging economies like China and India.

Looking ahead, the home office furniture market share is poised for continued growth, fueled by ongoing trends in remote work, advancements in ergonomic furniture, and increasing consumer emphasis on aesthetics and sustainability. As work from home becomes standard practice for many professionals, the demand for specialized home office furniture is expected to remain robust, presenting ample opportunities for manufacturers and retailers in this sector.

Market Segmentation

The market can be divided based on product type, material type, price range, distribution channel, and region.

Market Breakup by Product Type

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

Market Breakup by Material Type

  • Wood
  • Metal
  • Plastic
  • Glass

Market Breakup by Price Range

  • Low
  • Medium
  • High

Market Breakup by Distribution Channel

  • Supermarket/Hypermarket
  • Speciality Stores
  • Online
  • Others

Market Breakup by Region

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa

Competitive Landscape

The report looks into the market shares, plant turnarounds, capacities, investments, and mergers and acquisitions, among other major developments, of the leading companies operating in the global home office furniture market. Some of the major players explored in the report are as follows:
  • Inter IKEA Systems B.V.
  • Steelcase Inc.
  • Ashley Furniture Industries, Inc.
  • Kimball International Inc.
  • HNI Corporation
  • Herman Miller, Inc.
  • Knoll, Inc.
  • Bassett Furniture Industries Inc.
  • L. & J.G. Stickley, Inc.
  • La-Z-Boy Incorporated
  • Williams-Sonoma Inc
  • Others

Table of Contents

1 Preface2 Report Coverage - Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Home Office Furniture Market Analysis
8.1 Key Industry Highlights
8.2 Global Home Office Furniture Historical Market (2018-2023)
8.3 Global Home Office Furniture Market Forecast (2024-2032)
8.4 Global Home Office Furniture Market by Product Type
8.4.1 Seating
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Tables
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Storage Units and File Cabinets
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Others
8.5 Global Home Office Furniture Market by Material Type
8.5.1 Wood
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Metal
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.5.3 Plastic
8.5.3.1 Historical Trend (2018-2023)
8.5.3.2 Forecast Trend (2024-2032)
8.5.4 Glass
8.5.4.1 Historical Trend (2018-2023)
8.5.4.2 Forecast Trend (2024-2032)
8.6 Global Home Office Furniture Market by Price Range
8.6.1 Low
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Medium
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 High
8.6.3.1 Historical Trend (2018-2023)
8.6.3.2 Forecast Trend (2024-2032)
8.7 Global Home Office Furniture Market by Distribution Channel
8.7.1 Supermarket/Hypermarket
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Speciality Stores
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Online
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Others
8.8 Global Home Office Furniture Market by Region
8.8.1 North America
8.8.1.1 Historical Trend (2018-2023)
8.8.1.2 Forecast Trend (2024-2032)
8.8.2 Europe
8.8.2.1 Historical Trend (2018-2023)
8.8.2.2 Forecast Trend (2024-2032)
8.8.3 Asia Pacific
8.8.3.1 Historical Trend (2018-2023)
8.8.3.2 Forecast Trend (2024-2032)
8.8.4 Latin America
8.8.4.1 Historical Trend (2018-2023)
8.8.4.2 Forecast Trend (2024-2032)
8.8.5 Middle East and Africa
8.8.5.1 Historical Trend (2018-2023)
8.8.5.2 Forecast Trend (2024-2032)
9 North America Home Office Furniture Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Home Office Furniture Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Home Office Furniture Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Home Office Furniture Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Home Office Furniture Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Competitive Landscape
15.1 Market Structure
15.2 Company Profiles
15.2.1 Inter IKEA Systems B.V.
15.2.1.1 Company Overview
15.2.1.2 Product Portfolio
15.2.1.3 Demographic Reach and Achievements
15.2.1.4 Certifications
15.2.2 Steelcase Inc.
15.2.2.1 Company Overview
15.2.2.2 Product Portfolio
15.2.2.3 Demographic Reach and Achievements
15.2.2.4 Certifications
15.2.3 Ashley Furniture Industries, Inc.
15.2.3.1 Company Overview
15.2.3.2 Product Portfolio
15.2.3.3 Demographic Reach and Achievements
15.2.3.4 Certifications
15.2.4 Kimball International Inc.
15.2.4.1 Company Overview
15.2.4.2 Product Portfolio
15.2.4.3 Demographic Reach and Achievements
15.2.4.4 Certifications
15.2.5 HNI Corporation
15.2.5.1 Company Overview
15.2.5.2 Product Portfolio
15.2.5.3 Demographic Reach and Achievements
15.2.5.4 Certifications
15.2.6 Herman Miller, Inc.
15.2.6.1 Company Overview
15.2.6.2 Product Portfolio
15.2.6.3 Demographic Reach and Achievements
15.2.6.4 Certifications
15.2.7 Knoll, Inc.
15.2.7.1 Company Overview
15.2.7.2 Product Portfolio
15.2.7.3 Demographic Reach and Achievements
15.2.7.4 Certifications
15.2.8 Bassett Furniture Industries Inc.
15.2.8.1 Company Overview
15.2.8.2 Product Portfolio
15.2.8.3 Demographic Reach and Achievements
15.2.8.4 Certifications
15.2.9 L. & J.G. Stickley, Inc.
15.2.9.1 Company Overview
15.2.9.2 Product Portfolio
15.2.9.3 Demographic Reach and Achievements
15.2.9.4 Certifications
15.2.10 La-Z-Boy Incorporated
15.2.10.1 Company Overview
15.2.10.2 Product Portfolio
15.2.10.3 Demographic Reach and Achievements
15.2.10.4 Certifications
15.2.11 Williams-Sonoma Inc.
15.2.11.1 Company Overview
15.2.11.2 Product Portfolio
15.2.11.3 Demographic Reach and Achievements
15.2.11.4 Certifications
15.2.12 Others
16 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Home Office Furniture Market: Key Industry Highlights, 2018 and 2032
2. Global Home Office Furniture Historical Market: Breakup by Product Type (USD Billion), 2018-2023
3. Global Home Office Furniture Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
4. Global Home Office Furniture Historical Market: Breakup by Material Type (USD Billion), 2018-2023
5. Global Home Office Furniture Market Forecast: Breakup by Material Type (USD Billion), 2024-2032
6. Global Home Office Furniture Historical Market: Breakup by Price Range (USD Billion), 2018-2023
7. Global Home Office Furniture Market Forecast: Breakup by Price Range (USD Billion), 2024-2032
8. Global Home Office Furniture Historical Market: Breakup by Distribution Channel (USD Billion), 2018-2023
9. Global Home Office Furniture Market Forecast: Breakup by Distribution Channel (USD Billion), 2024-2032
10. Global Home Office Furniture Historical Market: Breakup by Region (USD Billion), 2018-2023
11. Global Home Office Furniture Market Forecast: Breakup by Region (USD Billion), 2024-2032
12. North America Home Office Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
13. North America Home Office Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Europe Home Office Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Europe Home Office Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Asia Pacific Home Office Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Asia Pacific Home Office Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Latin America Home Office Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Latin America Home Office Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Middle East and Africa Home Office Furniture Historical Market: Breakup by Country (USD Billion), 2018-2023
21. Middle East and Africa Home Office Furniture Market Forecast: Breakup by Country (USD Billion), 2024-2032
22. Global Home Office Furniture Market Structure

Companies Mentioned

  • Inter IKEA Systems B.V.
  • Steelcase Inc.
  • Ashley Furniture Industries, Inc.
  • Kimball International Inc.
  • HNI Corporation
  • Herman Miller, Inc.
  • Knoll, Inc.
  • Bassett Furniture Industries Inc.
  • L. & J.G. Stickley, Inc.
  • La-Z-Boy Incorporated
  • Williams-Sonoma Inc

Methodology

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