Home Office Furniture Industry to Reach US$ 5.5 Billion by 2027

According to the latest report by IMARC Group, titled "Home Office Furniture Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027," The global home office furniture market reached a value of US$ 3.2 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 5.5 Billion by 2027, exhibiting a CAGR of 9.4% during 2022-2027. Home office furniture refers to ergonomic articles that are used to create a personalized working space at home. It is made using distinct raw materials, such as glass, plastics, steel, leather, and wood and is utilized for seating, installing computer systems, and storing files and documents. It is designed for multi-functional usage and is commonly used by students, professionals, and entrepreneurs for reading, writing, doing school projects, operating laptops, and attending online meetings. Some of the commonly utilized home office furniture include non-decorated kitchenware, sofas, tables, chairs, drawers, and couches.

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Global Home Office Furniture Industry Growth Analysis:

The rising adoption for work from home models is driving the global market. This can be attributed to lockdown measures implemented by the governments of several countries to prevent the spread of coronavirus disease (COVID-19). Moreover, the growing consumer preferences for comfortable home office furniture is creating a positive market outlook. This has encouraged numerous leading players to focus on designing ultra-modern furniture that offers comfort while effectively reducing strain and fatigue, which is gaining widespread prominence among the masses. Furthermore, continuous technological advancements in the furniture manufacturing processes are impacting the market growth favorably. Other factors, such as rapid urbanization, inflating disposable income levels of individuals and easy product availability via online and offline organized distributed channels, are further anticipating the market growth.

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Key Market Segmentation:

Competitive Landscape:

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players 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, Steelcase Inc. and Teknion Corporation.

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)
• Europe (Germany, France, United Kingdom, Italy, Spain, Others)
• Asia Pacific (China, Japan, India, Australia, Indonesia, Korea, Others)
• Latin America (Brazil, Mexico, Others)
• Middle East and Africa (United Arab Emirates, Saudi Arabia, Qatar, Iraq, Other)

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