Home Office Furniture Market 2022 – Opportunities and Strategies – Global Forecast to 2031
The Business Research Company’s Home Office Furniture Market 2022 – Opportunities and Strategies – Global Forecast to 2031
LONDON, GREATER LONDON, UK, July 19, 2022 /EINPresswire.com/ — The market outlook for home office furniture is changing rapidly as companies take their products, design services and themes online. Home office furniture market trends include online crowd sourcing, allowing customers to submit photos of a space online, and home office furniture companies designing furniture ideas and style boards relevant to the space directly Customers. Once the customer has selected a design, they will receive a personalized floor plan and shopping list along with instructions. This gives a personal touch to the product offering as the products offered meet the specific needs of the customers. Additionally, online crowd sourcing offers customers various options for their particular space. For example, Urban Ladder in India offers home office furniture online to its customers through its crowd-sourcing platform.
The growth of the home office furniture market is supported by stable economic growth forecasts in many developed and developing countries. The International Monetary Fund (IMF) forecasts that the global economy will grow by 5.9% in 2021 and by 4.9% in 2022. The economy of USA is expected to register stable growth during the forecast period, with 7% expected in 2021. Also, emerging markets are expected to continue to grow slightly faster than developed markets over the forecast period. According to the Home Office Furniture Industry Overview, the ongoing economic growth is expected to increase the demand for home office furniture and propel the market over the forecast period.
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The global home office furniture market size is expected to grow at a rate of 7.4% from US$23.72 billion in 2021 to US$37.66 billion in 2026. The global market share of home office furniture is then expected to grow at a CAGR of 6.5% from 2026 and reach US$51.51 billion in 2031.
Major players in global home office furniture industry are HNI Corporation, Ashley Furniture Industries Inc., Steelcase Inc., Herman Miller, KOKUYO Furniture, Haworth Inc.
TBRC Home Office Furniture market report is segmented by product into Seating, Storage Units, Desks & Tables, Other Products, by Material into Wood, Metal, Plastic and Other Materials, by Price into Premium, Mid-Range, Economical, and by distribution channel into Flagship Stores, Specialty stores, online, other sales channels.
Home office furniture market 2022 – by product (seating, storage units, desks, tables, other products), by material (wood, metal, plastic, other materials), by price (premium, mid-range, economical), by distribution channel (flagship Stores, Specialty Stores, Online, Other Distribution Channels) and by Region, Opportunities and Strategies – Global Forecast To 2031 is one in a series of new reports from The Business Research Company providing a market overview of home office furniture, Forecast Home “. Office Furniture Market size & growth for the entire market, Home Office Furniture market segments, regions, Home Office Furniture Market Trends, Home Office Furniture Market Drivers, Restraints, Leading Competitor Sales, Profiles and Market Shares.
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Jul 19, 2022 at 3:25 p.m
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