Market Overview:
The global home office furniture market is expected to grow at a CAGR of 5.5% during the forecast period 2018-2030. The market growth can be attributed to the increasing demand for home office furniture from online retail and offline retail applications. North America is expected to lead the global home office furniture market in terms of revenue, followed by Europe and Asia Pacific.
Product Definition:
Home office furniture is furniture that is used in a home office. It can include desks, chairs, file cabinets, and other pieces of furniture that are necessary for completing work tasks. The importance of home office furniture depends on the individual. For some people, having a designated space for working from home is important in order to stay organized and focused. For others, the importance of home office furniture may be lessened if they only use their computer or laptop to work from home occasionally.
Seating:
Seating is the part of furniture that is used to provide a comfortable position while working at home. It includes chairs, sofas, stools and benches. The growth factor in this market largely depends on factors such as increasing number of single professionals along with dual-income families which are seeking for more seating space in their homes along with flexible workplace options.
Seating also provides comfort while doing household chores or office work.
Systems:
Systems is a set of components that work together to achieve a common goal. It can be defined as an organized combination of two or more elements, devices, software applications or services whose interaction produces a desired result and whose working is based on recognized scientific laws.
Home office furniture market includes computer systems which are used in various sections of home offices such as study, bedroom etc., household appliances which include vacuum cleaners and coffee machines for the preparation of coffee etc.
Application Insights:
The online retail segment dominated the global home office furniture market, accounting for more than 60.0% share of the total revenue in 2017. The growth can be attributed to factors such as increasing internet penetration and rising spending capacity of consumers on home furnishing products including office chairs and sofas. Moreover, companies are launching their online stores to cater to regional markets where brick-and-mortar presence is not feasible or economical. For instance, Urban Ladder, a specialty store offering workstations and seating solutions for startups has its headquarters in New York City but operates across North America through an e-commerce platform - urbandladder.
Offline retail accounted for more than 40% share of the total revenue in 2017 owing to increased product awareness among consumers through magazines, newspapers advertisements and other media coverage about new launches by major players such as Steelcase Inc., Herman Miller Inc., etc.
Regional Analysis:
North America dominated the global home office furniture market in 2017. The growth is majorly attributed to the presence of a large number of online and offline retailers in this region. Moreover, majority of small businesses in North America use home offices for various purposes such as accounting, designing products, editing videos/photos and working on their laptop computers from home instead of traveling to work every day. This has led to an increase in demand for convenient furniture solutions at homes that suits all requirements including aesthetic appeal and functionality.
Growth Factors:
- Increasing number of home-based businesses: The growth of the home office furniture market is closely linked to the growth of the home-based business sector. As more and more people are working from home, they are realizing the need for dedicated office space in their homes. This has led to a surge in demand for home office furniture, including desks, chairs, storage solutions, and other accessories.
- Rising popularity of open floor plans: Open floor plans have become increasingly popular in recent years, as they allow homeowners to maximize their use of space. This is particularly beneficial for small homes or apartments where every square foot counts. Homeowners who want to create an open work area in their homes are turning to modular desk systems and other types of flexible furniture solutions that can be easily adapted to different spaces.
- Advances in technology: With laptops becoming smaller and more powerful each year, an increasing number of people are working from home full time or on a part-time basis. In addition to traditional desktops and laptops, many people now also use tablets and smartphones for work purposes while on the go or away from their desks at home . This has led to a growing demand for portable/multifunctional furniture pieces such as convertible sofas/desks and laptop stands/tables .
Scope Of The Report
Report Attributes
Report Details
Report Title
Home Office Furniture Market Research Report
By Type
Seating, Systems, Tables, Storage Units and Files, Others
By Application
Online Retail, Offline Retail
By Companies
Ashley Furniture Industries, Inter IKEA Group, Sears Holdings, Steelcase, Haworth, Herman Miller, HNI, Knoll, KOKUYO Furniture, Masco, Poltrona Frau
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
250
Number of Tables & Figures
175
Customization Available
Yes, the report can be customized as per your need.
Global Home Office Furniture Market Report Segments:
The global Home Office Furniture market is segmented on the basis of:
Types
Seating, Systems, Tables, Storage Units and Files, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Online Retail, Offline Retail
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Ashley Furniture Industries
- Inter IKEA Group
- Sears Holdings
- Steelcase
- Haworth
- Herman Miller
- HNI
- Knoll
- KOKUYO Furniture
- Masco
- Poltrona Frau
Highlights of The Home Office Furniture Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Seating
- Systems
- Tables
- Storage Units and Files
- Others
- By Application:
- Online Retail
- Offline Retail
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Home Office Furniture Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Home Office Furniture is furniture that is used in a home office. This furniture can include chairs, desks, filing cabinets, and other items.
Some of the major companies in the home office furniture market are Ashley Furniture Industries, Inter IKEA Group, Sears Holdings, Steelcase, Haworth, Herman Miller, HNI, Knoll, KOKUYO Furniture, Masco, Poltrona Frau.
The home office furniture market is expected to register a CAGR of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Home Office Furniture Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Home Office Furniture Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Home Office Furniture Market - Supply Chain
4.5. Global Home Office Furniture Market Forecast
4.5.1. Home Office Furniture Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Home Office Furniture Market Size (000 Units) and Y-o-Y Growth
4.5.3. Home Office Furniture Market Absolute $ Opportunity
5. Global Home Office Furniture Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Home Office Furniture Market Size and Volume Forecast by Type
5.3.1. Seating
5.3.2. Systems
5.3.3. Tables
5.3.4. Storage Units and Files
5.3.5. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Home Office Furniture Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Home Office Furniture Market Size and Volume Forecast by Application
6.3.1. Online Retail
6.3.2. Offline Retail
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Home Office Furniture Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Home Office Furniture Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Home Office Furniture Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Home Office Furniture Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Home Office Furniture Demand Share Forecast, 2019-2026
9. North America Home Office Furniture Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Home Office Furniture Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Home Office Furniture Market Size and Volume Forecast by Application
9.4.1. Online Retail
9.4.2. Offline Retail
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Home Office Furniture Market Size and Volume Forecast by Type
9.7.1. Seating
9.7.2. Systems
9.7.3. Tables
9.7.4. Storage Units and Files
9.7.5. Others
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Home Office Furniture Demand Share Forecast, 2019-2026
10. Latin America Home Office Furniture Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Home Office Furniture Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Home Office Furniture Market Size and Volume Forecast by Application
10.4.1. Online Retail
10.4.2. Offline Retail
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Home Office Furniture Market Size and Volume Forecast by Type
10.7.1. Seating
10.7.2. Systems
10.7.3. Tables
10.7.4. Storage Units and Files
10.7.5. Others
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Home Office Furniture Demand Share Forecast, 2019-2026
11. Europe Home Office Furniture Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Home Office Furniture Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Home Office Furniture Market Size and Volume Forecast by Application
11.4.1. Online Retail
11.4.2. Offline Retail
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Home Office Furniture Market Size and Volume Forecast by Type
11.7.1. Seating
11.7.2. Systems
11.7.3. Tables
11.7.4. Storage Units and Files
11.7.5. Others
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Home Office Furniture Demand Share, 2019-2026
12. Asia Pacific Home Office Furniture Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Home Office Furniture Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Home Office Furniture Market Size and Volume Forecast by Application
12.4.1. Online Retail
12.4.2. Offline Retail
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Home Office Furniture Market Size and Volume Forecast by Type
12.7.1. Seating
12.7.2. Systems
12.7.3. Tables
12.7.4. Storage Units and Files
12.7.5. Others
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Home Office Furniture Demand Share, 2019-2026
13. Middle East & Africa Home Office Furniture Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Home Office Furniture Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Home Office Furniture Market Size and Volume Forecast by Application
13.4.1. Online Retail
13.4.2. Offline Retail
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Home Office Furniture Market Size and Volume Forecast by Type
13.7.1. Seating
13.7.2. Systems
13.7.3. Tables
13.7.4. Storage Units and Files
13.7.5. Others
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Home Office Furniture Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Home Office Furniture Market: Market Share Analysis
14.2. Home Office Furniture Distributors and Customers
14.3. Home Office Furniture Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ashley Furniture Industries
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Inter IKEA Group
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Sears Holdings
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Steelcase
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Haworth
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Herman Miller
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. HNI
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Knoll
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. KOKUYO Furniture
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Masco
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. Poltrona Frau
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
