Home Office Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Report
145 Pages
July 2022
Region: Global
IMARC Group
ID: 5633262

The global home office furniture market reached a value of US$ 3.2 Billion in 2021. Looking forward, the publisher expects the market to reach US$ 5.5 Billion by 2027, exhibiting a CAGR of 9.45% during 2021-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic. These insights are included in the report as a major market contributor.

Home office furniture refers to ergonomic articles, which are used to create a personalized working space at home and improve the overall productivity of an employee. It is generally made using different raw materials, such as wood, glass, plastic, steel, and leather. It is nowadays available in multi-functional variants that are ideal for setting up a working environment in compact places. As a result, it helps in the efficient utilization of a space while minimizing the cost of furnishing. At present, there is a considerable rise in the sales of minimalist home office furniture designs across the globe.

Home Office Furniture Market Trends:

Lockdown measures implemented by governments of several countries as a quick response to prevent the global spread of the coronavirus disease (COVID-19) have encouraged businesses around the world to shift towards the remote working model. This represents one of the key factors catalyzing the demand for home office furniture as it helps create a safe and productive environment to work in, while maintaining business continuity. The market growth is also propelled due to the growing awareness among individuals about the advantages associated with the home office concept, including work flexibility, a broader spectrum of recruitment, and reduced infrastructure costs. Apart from this, manufacturers are introducing ultra-modern designs that relieve the strain and fatigue of users while being seated for long hours. They are also offering connected office desks equipped with sensors that can record space utilization data and help correct the seating posture of individuals. Other factors, such as rapid urbanization, inflating income levels and increasing allowances provided by multinational companies (MNCs) to their employees for purchasing home office furniture, are anticipated to fuel the sales of smart, home office furniture for better work convenience and comfort.

Key Market Segmentation:

The publisher provides an analysis of the key trends in each sub-segment of the global home office furniture market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product type, material type, price range and distribution channel.

Breakup by Product Type:

Seating
Storage Units and File Cabinets
Desks and Tables
Others

Breakup by Material Type:

Wood
Metal
Plastic
Glass
Others

Breakup by Price Range:

Low
Medium
High

Breakup by Distribution Channel:

Supermarkets and Hypermarkets
Specialty Stores
Online Stores
Others

Breakup by Region:

North America

United States
Canada

Asia-Pacific

China
Japan
India
South Korea
Australia
Indonesia
Others

Europe

Germany
France
United Kingdom
Italy
Spain
Russia
Others

Latin America

Brazil
Mexico
Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being Ashley Furniture Industries Inc., Haworth Inc., Herman Miller Inc., HNI Corporation, Inter IKEA Systems B.V., Kimball International Inc., Knoll Inc, KOKUYO Co. Ltd., Okamura Corporation, Steelcase Inc. and Teknion Corporation.

Key Questions Answered in This Report:

How has the global home office furniture market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global home office furniture market?
What are the key regional markets?
What is the breakup of the market based on the product type?
What is the breakup of the market based on the material type?
What is the breakup of the market based on the price range?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global home office furniture market and who are the key players?
What is the degree of competition in the industry?

Frequently Asked Questions about the Global Home Office Furniture Market

What is the estimated value of the Global Home Office Furniture Market?

The Global Home Office Furniture Market was estimated to be valued at $3.2 Billion in 2021.

What is the growth rate of the Global Home Office Furniture Market?

The growth rate of the Global Home Office Furniture Market is 9.4%, with an estimated value of $5.5 Billion by 2027.

What is the forecasted size of the Global Home Office Furniture Market?

The Global Home Office Furniture Market is estimated to be worth $5.5 Billion by 2027.

Who are the key companies in the Global Home Office Furniture Market?

Key companies in the Global Home Office Furniture Market include Ashley Furniture Industries Inc., Haworth Inc., Herman Miller Inc., HNI Corporation, Inter IKEA Systems B.V., Kimball International Inc., Knoll Inc, KOKUYO Co. Ltd., Okamura Corporation and Steelcase Inc..

Report Attribute	Details
No. of Pages	145
Published	July 2022
Forecast Period	2021 - 2027
Estimated Market Value ( USD ) in 2021	$ 3.2 Billion
Forecasted Market Value ( USD ) by 2027	$ 5.5 Billion
Compound Annual Growth Rate	9.4%
Regions Covered	Global
No. of Companies Mentioned	11

1 Preface

2 Scope and Methodology

2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology

3 Executive Summary

4 Introduction

4.1 Overview
4.2 Key Industry Trends

5 Global Home Office Furniture Market

5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakup by Product Type

6.1 Seating
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Storage Units and File Cabinets
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Desks and Tables
6.3.1 Market Trends
6.3.2 Market Forecast
6.4 Others
6.4.1 Market Trends
6.4.2 Market Forecast

7 Market Breakup by Material Type

7.1 Wood
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Metal
7.2.1 Market Trends
7.2.2 Market Forecast
7.3 Plastic
7.3.1 Market Trends
7.3.2 Market Forecast
7.4 Glass
7.4.1 Market Trends
7.4.2 Market Forecast
7.5 Others
7.5.1 Market Trends
7.5.2 Market Forecast

8 Market Breakup by Price Range

8.1 Low
8.1.1 Market Trends
8.1.2 Market Forecast
8.2 Medium
8.2.1 Market Trends
8.2.2 Market Forecast
8.3 High
8.3.1 Market Trends
8.3.2 Market Forecast

9 Market Breakup by Distribution Channel

9.1 Supermarkets and Hypermarkets
9.1.1 Market Trends
9.1.2 Market Forecast
9.2 Specialty Stores
9.2.1 Market Trends
9.2.2 Market Forecast
9.3 Online Stores
9.3.1 Market Trends
9.3.2 Market Forecast
9.4 Others
9.4.1 Market Trends
9.4.2 Market Forecast

10 Market Breakup by Region

10.1 North America
10.1.1 United States
10.1.1.1 Market Trends
10.1.1.2 Market Forecast
10.1.2 Canada
10.1.2.1 Market Trends
10.1.2.2 Market Forecast
10.2 Asia-Pacific
10.2.1 China
10.2.1.1 Market Trends
10.2.1.2 Market Forecast
10.2.2 Japan
10.2.2.1 Market Trends
10.2.2.2 Market Forecast
10.2.3 India
10.2.3.1 Market Trends
10.2.3.2 Market Forecast
10.2.4 South Korea
10.2.4.1 Market Trends
10.2.4.2 Market Forecast
10.2.5 Australia
10.2.5.1 Market Trends
10.2.5.2 Market Forecast
10.2.6 Indonesia
10.2.6.1 Market Trends
10.2.6.2 Market Forecast
10.2.7 Others
10.2.7.1 Market Trends
10.2.7.2 Market Forecast
10.3 Europe
10.3.1 Germany
10.3.1.1 Market Trends
10.3.1.2 Market Forecast
10.3.2 France
10.3.2.1 Market Trends
10.3.2.2 Market Forecast
10.3.3 United Kingdom
10.3.3.1 Market Trends
10.3.3.2 Market Forecast
10.3.4 Italy
10.3.4.1 Market Trends
10.3.4.2 Market Forecast
10.3.5 Spain
10.3.5.1 Market Trends
10.3.5.2 Market Forecast
10.3.6 Russia
10.3.6.1 Market Trends
10.3.6.2 Market Forecast
10.3.7 Others
10.3.7.1 Market Trends
10.3.7.2 Market Forecast
10.4 Latin America
10.4.1 Brazil
10.4.1.1 Market Trends
10.4.1.2 Market Forecast
10.4.2 Mexico
10.4.2.1 Market Trends
10.4.2.2 Market Forecast
10.4.3 Others
10.4.3.1 Market Trends
10.4.3.2 Market Forecast
10.5 Middle East and Africa
10.5.1 Market Trends
10.5.2 Market Breakup by Country
10.5.3 Market Forecast

11 SWOT Analysis

11.1 Overview
11.2 Strengths
11.3 Weaknesses
11.4 Opportunities
11.5 Threats

12 Value Chain Analysis

13 Porters Five Forces Analysis

13.1 Overview
13.2 Bargaining Power of Buyers
13.3 Bargaining Power of Suppliers
13.4 Degree of Competition
13.5 Threat of New Entrants
13.6 Threat of Substitutes

14 Price Analysis

15 Competitive Landscape

15.1 Market Structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Ashley Furniture Industries Inc.
15.3.1.1 Company Overview
15.3.1.2 Product Portfolio
15.3.1.3 SWOT Analysis
15.3.2 Haworth Inc.
15.3.2.1 Company Overview
15.3.2.2 Product Portfolio
15.3.3 Herman Miller Inc.
15.3.3.1 Company Overview
15.3.3.2 Product Portfolio
15.3.3.3 Financials
15.3.3.4 SWOT Analysis
15.3.4 HNI Corporation
15.3.4.1 Company Overview
15.3.4.2 Product Portfolio
15.3.4.3 Financials
15.3.4.4 SWOT Analysis
15.3.5 Inter IKEA Systems B.V.
15.3.5.1 Company Overview
15.3.5.2 Product Portfolio
15.3.6 Kimball International Inc.
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Financials
15.3.6.4 SWOT Analysis
15.3.7 Knoll Inc
15.3.7.1 Company Overview
15.3.7.2 Product Portfolio
15.3.7.3 Financials
15.3.7.4 SWOT Analysis
15.3.8 KOKUYO Co. Ltd.
15.3.8.1 Company Overview
15.3.8.2 Product Portfolio
15.3.8.3 Financials
15.3.9 Okamura Corporation
15.3.9.1 Company Overview
15.3.9.2 Product Portfolio
15.3.9.3 Financials
15.3.10 Steelcase Inc.
15.3.10.1 Company Overview
15.3.10.2 Product Portfolio
15.3.10.3 Financials
15.3.10.4 SWOT Analysis
15.3.11 Teknion Corporation
15.3.11.1 Company Overview
15.3.11.2 Product Portfolio

List of Figures

Figure 1: Global: Home Office Furniture Market: Major Drivers and Challenges
Figure 2: Global: Home Office Furniture Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Home Office Furniture Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Home Office Furniture Market: Breakup by Product Type (in %), 2021
Figure 5: Global: Home Office Furniture Market: Breakup by Material Type (in %), 2021
Figure 6: Global: Home Office Furniture Market: Breakup by Price Range (in %), 2021
Figure 7: Global: Home Office Furniture Market: Breakup by Distribution Channel (in %), 2021
Figure 8: Global: Home Office Furniture Market: Breakup by Region (in %), 2021
Figure 9: Global: Home Office Furniture (Seating) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Home Office Furniture (Seating) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Home Office Furniture (Storage Units and File Cabinets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Home Office Furniture (Storage Units and File Cabinets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Home Office Furniture (Desks and Tables) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Home Office Furniture (Desks and Tables) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Home Office Furniture (Other Product Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Home Office Furniture (Other Product Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Home Office Furniture (Wood) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Home Office Furniture (Wood) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Home Office Furniture (Metal) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Home Office Furniture (Metal) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Home Office Furniture (Plastic) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Home Office Furniture (Plastic) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Home Office Furniture (Glass) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Home Office Furniture (Glass) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Home Office Furniture (Other Material Types) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Home Office Furniture (Other Material Types) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Home Office Furniture (Low) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Home Office Furniture (Low) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Home Office Furniture (Medium) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Home Office Furniture (Medium) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Home Office Furniture (High) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Home Office Furniture (High) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Home Office Furniture (Supermarkets and Hypermarkets) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Home Office Furniture (Supermarkets and Hypermarkets) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: Global: Home Office Furniture (Specialty Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: Global: Home Office Furniture (Specialty Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: Global: Home Office Furniture (Online Stores) Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: Global: Home Office Furniture (Online Stores) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Global: Home Office Furniture (Other Distribution Channels) Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Global: Home Office Furniture (Other Distribution Channels) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: North America: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: North America: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: United States: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: United States: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Canada: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Canada: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: Asia-Pacific: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: Asia-Pacific: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: China: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: China: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Japan: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Japan: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: India: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: India: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: South Korea: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: South Korea: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Australia: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Australia: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Indonesia: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Indonesia: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: Others: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: Others: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: Europe: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: Europe: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Germany: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Germany: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: France: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: France: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: United Kingdom: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: United Kingdom: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Italy: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Italy: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Spain: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Spain: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Russia: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Russia: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Others: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Others: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Latin America: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Latin America: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Brazil: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Brazil: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 83: Mexico: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 84: Mexico: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 85: Others: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 86: Others: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 87: Middle East and Africa: Home Office Furniture Market: Sales Value (in Million US$), 2016 & 2021
Figure 88: Middle East and Africa: Home Office Furniture Market: Breakup by Country (in %), 2021
Figure 89: Middle East and Africa: Home Office Furniture Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 90: Global: Home Office Furniture Industry: SWOT Analysis
Figure 91: Global: Home Office Furniture Industry: Value Chain Analysis
Figure 92: Global: Home Office Furniture Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Home Office Furniture Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Home Office Furniture Market Forecast: Breakup by Product Type (in Million US$), 2022-2027
Table 3: Global: Home Office Furniture Market Forecast: Breakup by Material Type (in Million US$), 2022-2027
Table 4: Global: Home Office Furniture Market Forecast: Breakup by Price Range (in Million US$), 2022-2027
Table 5: Global: Home Office Furniture Market Forecast: Breakup by Distribution Channel (in Million US$), 2022-2027
Table 6: Global: Home Office Furniture Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Home Office Furniture Market: Competitive Structure
Table 8: Global: Home Office Furniture Market: Key Players

Companies Mentioned

Ashley Furniture Industries Inc.
Haworth Inc.
Herman Miller Inc.
HNI Corporation
Inter IKEA Systems B.V.
Kimball International Inc.
Knoll Inc
KOKUYO Co. Ltd.
Okamura Corporation
Steelcase Inc.
Teknion Corporation.

Methodology

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