Home Office Furniture Global Market Report 2022 by The Business Research Company: Market Size, Trends and Forecast to 2026
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According to The Business Research Company’s “Home Office Furniture Global Market Report 2022”, the home office furniture market is forecast to grow from US$58.74 billion in 2020 to US$64.08 billion in 2021 with an average annual growth rate (CAGR) of 9.09%. Russia -The war in Ukraine has hurt prospects for a global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on several countries, a surge in commodity prices and supply chain disruptions in many markets around the world. The home office furniture market is expected to reach US$81.45 billion in 2025 at a CAGR of 6.18%. The recent outbreak of the COVID-19 pandemic has led to a surge in demand for home office furniture for employees working from home.
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Major trends in the home office furniture market
The introduction of 3D modeling and other technological innovations in the furniture world is a key trend in the home office furniture market. According to Xarpie Labs, a variety of technologies such as 3D modeling, virtual reality and augmented reality are used in most processes, starting with the planning and development of prototypes or products, through to marketing and the end of the value chain is sales. The integration of these technologies ensures the special effect on the look of the furniture and also helps in the development of digital inventories to understand customer requirements.
Overview of the home office furniture market
The home office furniture market consists of the sale of office furniture products by companies (organizations, sole traders or partnerships) that manufacture home office furniture. These are used for various purposes, e.g. B. for people working from home on office days, families working on household budgets, and by children to complete school projects. Home office furniture mainly includes products such as sofas, sofas, undecorated kitchenware, tables, chairs and drawers. These furniture products are widely used in people’s small business premises and living quarters.
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TBRC Home Office Furniture Global Market Report 2022 provides the following information:
Market size data
• Forecast Period: Historical and Future
• By region: Asia Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
• By country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
• By product: seating, storage units, desks? and tables, miscellaneous
• By material: wood, metal, plastic, other
• By price: Premium, Mid-Range, Economic
• By sales channel: flagship stores, specialty stores, online, other
• By Geography: The global home office furniture market is segmented into North America, South America, Asia Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, North America holds the largest market share.
Major market players such as Ashley Furniture Industries, Herman Miller Inc., Inter IKEA Group, Sears Holdings, Steelcase Inc., Knoll Inc., Masco, Poltrona Frau and Hooker Furniture, and Kimball International.
Trends, opportunities, strategies and much more.
The Home Office Furniture Global Market Report 2022 is one of the comprehensive reports by The Business Research Company which provides an overview of the Home Office Furniture industry. The market report analyzes Home Office Furniture market size, Home Office Furniture market growth drivers, Home Office Furniture market segments, key players of global Home Office Furniture market, global Home Office Furniture market growth in all regions, Home Office Furniture market trends, Home Office Furniture market revenue and market positioning competitor. The Home Office Furniture Market research report allows you to gain insights into opportunities and strategies, as well as to identify countries and segments with the highest growth potential.
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About The Business Research Company?
The Business Research Company has published over 3000 industry reports covering over 3000 market segments and 60 regions. The reports are backed by 150,000 datasets, extensive secondary research and exclusive insights from interviews with industry leaders. The reports are updated with a detailed analysis of the impact of COVID-19 on various markets.
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