The Business Research Company covers the home office furniture market drivers and restraints, major players, and the impact of COVID-19 on the market.
LONDON, GREATER LONDON, UK, June 10, 2022 /EINPresswire.com/ — According to ‘Home Office Furniture Global Market Report 2022 – Market Size, Trends, And Global Forecast 2022-2026’ published by The Business Research Company, the home office furniture market is expected to grow to $85.55 billion in 2026 at a CAGR of 5.3%. The recent outbreak of the COVID-19 pandemic has led to a surge in global home office furniture market growth with an increase in employees working from home.
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The home office furniture market consists of sales of office furniture products by entities (organizations, sole traders, or partnerships) that manufacture furniture for office space at home. These are utilized for various purposes, such as, for people working from home on office days, families working on house budgets, and by kids to do school projects. Home office furniture mainly involves products, such as couches, sofas, non-decorated kitchenware, tables, chairs, and drawers. These furniture products are commonly used in small business spaces, residential spaces by people.
Global Home Office Furniture Market Trends
The launch of 3D modelling and other technological innovations in the furniture world is one of the key home office furniture market trends. According to Xarpie labs a variety of technologies such as 3D modeling, virtual reality, and augmented reality are being used in most of its processes beginning from planning and developing prototypes or products, right from the marketing, and to the end of the value chain that is sales. Integrating these technologies assures the special effect on how the furniture looks and also helps to develop digital inventories to understand customer requirements. For instance, by May 2019, Ashley furniture incorporated 2 3D printers and 700 3D printed parts in their manufacturing facility at Arcadia that helped them in supplementing labor and maximizing the value of the staff.
Global Home Office Furniture Market Segments
The global home office furniture market is segmented:
By Product: Seating, Storage Units, Desks? and Tables, Others
By Material: Wood, Metal, Plastic, Others
By Price: Premium, Mid-Range, Economic
By Distribution Channel: Flagship Stores, Specialty Stores, Online, Others
By Geography: The global home office furniture market analysis report is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America accounts for the largest share.
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Home Office Furniture Global Market Report 2022 is one of a series of new reports from The Business Research Company that provides home office furniture market overviews, analyzes and forecasts market size and growth for the global home office furniture market, market share, market segments and geographies, market players, market leading competitor revenues, profiles and market shares. The home office furniture market report identifies top countries and segments for opportunities and strategies based on market trends and key competitors’ approaches.
TBRC’s Home Office Furniture Global Market Report 2022 includes information on the following:
Data Segmentations: Market Size, Global, By Region and Country, Historic and Forecast, and Growth Rates for 60 Geographies
Key Market Players: Ashley Furniture Industries, Herman Miller Inc., Inter IKEA Group, Sears Holdings, Steelcase Inc., Knoll Inc., Masco, Poltrona Frau, Hooker Furniture and Kimball International.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa.
Countries: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
And so much more.
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