Home Office Furniture Global Market Sees Growth Rate Of 9% Through 2022

The global home office furniture market size is expected to grow from $64.08 billion in 2021 to $69.56 billion in 2022 at a compound annual growth rate (CAGR) of 8.6%. The home office furniture market is expected to grow to $85.55 billion in 2026 at a CAGR of 5.3%.

What is the Global Home Office Furniture Market?

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.

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What drives the Global Home Office Furniture Market?

The recent outbreak of the COVID-19 pandemic has led to a surge in demand for home office furniture with an increase in employees working from home. For example, in July 2021, thousands of Canadian federal government employees have been offered an amount of $500 each to buy home office furniture as they will work from home until the pandemic ends. Thus, the rise in the usage of home furniture during the pandemic propelled the demand for the home office furniture market. In 2021, since the beginning of lockdown Pepperfry, which is engaged in manufacturing home furniture has seen a rise in demand for tables and chairs in India that has raised to 175% and 135% respectively, as most of the people are working from home and setting a proper work station at home has become a necessity for everyone. Thus, an increase in the purchase of home furniture to facilitate employees working from home during the pandemic contributed to the growth of the market.

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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 regions covered in the home office furniture market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

Home Office Furniture Global Market Report 2022 provides market size and growth forecasts for the global home office furniture market, global home office furniture market share, home office furniture market segments and geographies, home office furniture market competitive landscape including leading competitors’ 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 leading competitors’ approaches.

Global Home Office Furniture Industry Playersinclude Ashley Furniture Industries, Herman Miller Inc., Inter IKEA Group, Sears Holdings, Steelcase Inc., Knoll Inc., Masco, Poltrona Frau, Hooker Furniture and Kimball International. Based on industry trends and company analysis, the report explains a number of strategies for companies in the market.