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Home Office Furniture Market - Growth, Trends, and Forecast (2020 - 2025)

  • ID: 4986989
  • Report
  • February 2020
  • Region: Global
  • 120 pages
  • Mordor Intelligence
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FEATURED COMPANIES

  • Haworth
  • Herman Miller
  • HNI
  • Inter IKEA Group
  • Knoll
  • Kokuyo Furniture
  • MORE
The demand for home office furniture is rising globally. Home offices play a substantial role in today’s family and work environment. These furniture products are mainly utilized in commercial and residential spaces by people.

Furniture plays an important role in the home office environment. They use it for a variety of purposes such as children doing school projects, families working on house budgets or researching online, and people working from home on office days.

The Home office furniture majorly involves products such as non-decorated kitchenware, sofas, tables, chairs, drawers, and couches. Home businesses have low budgets thus home office furniture should be affordable and aesthetically appealing. It is also noted that end-users prefer branded furniture over without branded ones.

Due to the urbanization effect in developed and developing countries which is leading to an increase in the requirement of smart and multipurpose furniture. The growing construction segment is also substantial influencing aspects in the office home furniture market. Moreover, people are also looking for products that offer them comfortability and increase their productivity in the home office environment. So, manufacturers are focusing on designing such furniture that compromises better comfort and effectively decreases the stress.

Smart furniture is also gaining popularity. For instance, office desks now are equipped with sensors, where the employee can set predilection corresponding to the relaxation. Similarly, sensors attached to improve the posture which is developed too with the aim of comfort and opportuneness. There is a huge market for home office equipment and information technology.

Key Market Trends

Residential Building Construction is Driving the demand for Home Office Furniture

An increase in construction activities is one of the major driving growth factors for the home office furniture market globally. Space constraint in developed and developing markets is subsequently fueling the growth of the home offices which in turn is increasing demand for home office furniture market across the world. As more and more construction activity is happening in the housing and residential sector, the need for people to work from home plus setting up some entrepreneurial activity is leading to rising demand for furniture which provides comfort to them at affordable prices. Home offices are also looking to minimize their storage resources in the way they are demanding efficient and effective storage furniture with a business environment. Therefore, in the coming years, it is predicted that the market from home office furniture will increase around the globe more significantly over the near years more increasingly.

North America is Leading the Home Office Furniture Market Globally

More and more people in the United States are preferring to work from home. The main factors supporting the trend is the need to telecommute, enabling them to relax at home and avoid the need to slog into the office daily. They’re also choosing to open a home office to greet their own personal clients in a safe and confined space. In many united states cities, people are involving in an entrepreneurial activity besides other works, these activities often happen inside a home which in turn fuels the demand for home office furniture. New Innovative products are demanded and manufactured to cater to the needs of these people. Comfortable chairs, storage units for files, multi-purpose furniture are increasingly penetrating into these markets.

Competitive Landscape

Global Home Office Furniture market is competitive as a large number of manufacturers are trying to capture the market with new innovations and arising opportunities in the market. Competition is intensified by online retailing in the market. Consumers are also focusing on buying furniture made of eco-friendly products, they are looking for pieces made from sustainable and another type of materials that can be harvested again and again. Demand for quality items that provides comfortable and enough siting along with plenty of room to work are high.

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format.
  • Report customization as per the client's requirements.
  • 3 months of analyst support.

This report will be delivered within 2 business days.
Note: Product cover images may vary from those shown
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FEATURED COMPANIES

  • Haworth
  • Herman Miller
  • HNI
  • Inter IKEA Group
  • Knoll
  • Kokuyo Furniture
  • MORE
1 Introduction
1.1 Study Assumptions
1.2 Scope of the Study

2 Research Methodology

3 Executive Summary

4 Market Insights

4.1 Market Overview
4.2 Insights on Micro and Macro trends and Scenarios
4.3 Insights on Industry Growth
4.4 Market Size and Volume Analysis
4.5 Insights on Raw Materials used for Home Office Furniture
4.6 Insights on Demand and Supply of Product
4.7 Indsights on Smart home office furniture
4.8 Technological Innovations and Developments in theMarket

5 Market Dynamics

5.1 Drivers
5.2 Restraints / Challenges
5.3 Opportunities
5.4 Industry Attractiveness - Porter's Five Forces Analysis
5.4.1 Threat of New Entrants
5.4.2 Bargaining Power of Buyers/Consumers
5.4.3 Bargaining Power of Suppliers
5.4.4 Threat of Substitute Products
5.4.5 Intensity of Competitive Rivalry

6 Market Segmentation

6.1 Type
6.1.1 Seating
6.1.2 System
6.1.3 Tables
6.1.4 Storage
6.1.5 Others
6.2 Material
6.2.1 Wood
6.2.2 Plastic
6.2.3 Others
6.3 Distribution Channel
6.3.1 Online
6.3.2 Offline
6.4 Geography
6.4.1 North America
6.4.2 Europe
6.4.3 Asia-Pacific
6.4.4 Latin America
6.4.5 Middle East and Africa

7 Competitive Landscape

7.1 Market Concentration
7.2 Company Profiles
7.2.1 Ashley Furniture Industries
7.2.2 Herman Miller
7.2.3 Sears Holdings
7.2.4 Steelcase
7.2.5 Inter IKEA Group
7.2.6 Haworth
7.2.7 Kokuyo Furniture
7.2.8 HNI
7.2.9 Knoll
7.2.10 Masco Corporation
7.2.11 Poltrona Frau
7.2.12 Others

8 Market Opportunities and Future Trends

9 Investment Analysis of the Market

10 Disclaimer

11 About Us
Note: Product cover images may vary from those shown
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  • Ashley Furniture Industries
  • Herman Miller
  • Sears Holdings
  • Steelcase
  • Inter IKEA Group
  • Haworth
  • Kokuyo Furniture
  • HNI
  • Knoll
  • Masco Corporation
  • Poltrona Frau
  • Others
Note: Product cover images may vary from those shown
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