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Home Office Furniture Market Trends

Report ID: GMI11498
Published Date: Sep 2024
Report Format: PDF

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Home Office Furniture Market Trends

There is an increasing demand for eco-friendly and sustainable furniture because of the environmental awareness amongst people. The increasing scope of smart furniture because of the integration of technology to make furniture more useful is also affecting the market dynamics of the home office furniture industry. Personalization is trending whereby customers are more interested in furniture that speaks to their unique preference. In addition, rapid urbanization in developing countries has promoted higher demand for residential and office furniture. Besides, online sales channels have not only bestowed greater convenience upon consumers but also more choice.

Authors: Avinash Singh , Sunita Singh

Frequently Asked Questions (FAQ) :

The global home office furniture industry was valued at around USD 15 Billion in 2023 and is estimated to grow at a CAGR of around 4.2% from 2024 to 2032, as technologically proficient consumers increasingly seek modern and efficient office setups.

In 2023, desks segment of home office furniture industry accounted for approximately 34% share and is projected to expand at a CAGR of 4.3% through 2032, due to their ergonomic benefits and flexibility, allowing users to alternate between sitting and standing.

North America home office furniture market held around 34% revenue share in 2023 and is anticipated to grow with a CAGR of around 4% through 2032, propelled by sustained remote work trends, innovations in furniture technology, and changing consumer preferences.

Herman Miller, HNI Corporation, HON, Humanscale, Knoll, Kokuyo, La-Z-Boy, Product Depot International, Steelcase, Sunon Furniture, and Virco among others.