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Thriving Work-From-Home Model propels Global Home Office Furniture Market Prospects

10-17-2023 02:00 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Inkwood Research

HOME OFFICE FURNITURE MARKET

HOME OFFICE FURNITURE MARKET

According to a new market research report launched by Inkwood Research, the Global Home Office Furniture Market is set to project a CAGR of 6.80% during the forecast period of 2022 to 2030, garnering a revenue of $42.75 billion by 2030.

Browse 49 market data Tables and 44 figures spread over 185 Pages, along with an in-depth analysis of the Global Home Office Furniture Market by Product, Material, Distribution Channel & by Geography.

Refer to the Report Summary Here: https://inkwoodresearch.com/reports/home-office-furniture-market/

This insightful market research report by Inkwood Research focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies. The report covers all the aspects of this comprehensive market by assessing major geographies and is a valuable asset for existing players, new entrants, and future investors. The study presents a detailed market analysis, with inputs derived from industry professionals across the value chain.

The United States home office furniture market is expected to register a CAGR of 7.19% during the forecast period, 2022-2028, and is set to reach a revenue of $11.23 billion by 2028.
Here's a link to our Country Report Summary: https://inkwoodresearch.com/reports/united-states-home-office-furniture-market/

Global Home Office Furniture Market Scenario

The transition of the working culture of commercial sectors has facilitated the growth of work-from-home models attributed to COVID-19. This is one of the major growth drivers of the global home office furniture market growth. Accordingly, professionals are seeking a work environment similar to that of an office to adjust to the new virtual working lifestyle.

Also, organizations have allowed employees the voluntary choice to work from home post-pandemic. As a result, several companies are investing in the development of home offices through allowances and incentives. Similarly, companies like Hermann Millers Inc and Steelcase Inc have reported a surge in the sales of home office furniture, particularly in the seating furniture categories. This has further contributed to the growth prospects of the online distribution channel.

Furthermore, the increasing number of nuclear families is raising the demand for space-saving and portable products. The demand for multi-functional and versatile products that are accommodative and portable in small spaces offers growth opportunities for the global home office furniture market. However, government policies impacting raw material prices hinder the market growth.

The Global Home Office Furniture Market report provides data tables and includes charts and graphs for visual analysis.

Request Free Sample Report for Global Home Office Furniture Market by Product, Material, Distribution Channel & by Geography: https://inkwoodresearch.com/reports/home-office-furniture-market/#request-free-sample

Market Segmentation

Market by Product
• Storage Units
• Desks and Tables
• Seating
• Other Products

Market by Material
• Plastic
• Wood
• Metal
• Other Materials

Market by Distribution Channel
• Speciality Stores
• Online
• Flagship Stores
• Other Distribution Channels

Report Highlights
- The report provides a detailed analysis of the current and future market trends to identify the investment opportunities
- Market forecasts till 2030, using estimated market values as the base numbers
- Key market trends across the business segments, regions and countries
- Key developments and strategies observed in the market
- Market dynamics such as drivers, restraints, opportunities and other trends
- In-depth company profiles of key players and upcoming prominent players
- Growth prospects among the emerging nations through 2030

Companies Profiled
• HUMANSCALE
• KIMBALL INTERNATIONAL
• KNOLL INC
• HERMAN MILLER INC
• IKEA
• HAWORTH INC
• ASHLEY FURNITURE INDUSTRIES
• KOKUYO GROUP
• HNI CORPORATION
• FLEXSTEEL
• TEKNION CORPORATION
• STEELCASE INC
• KRUEGER INTERNATIONAL INC

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Inkwood Research
169, Harrison Avenue
Boston, MA 02111
Tel: 1-(857)293-0150
Email: sales@inkwoodresearch.com
Website: www.inkwoodresearch.com

We at Inkwood research provide you with not just consulting services but also with syndicated and customized research reports which help advance your business further.

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