According to the report published by Allied Market Research, the global home office furniture market generated $3.03 billion in 2020, and is expected to reach $7.61 billion by 2030, witnessing at a CAGR of 8.8% from 2021 to 2030.
The report offers a detailed analysis of changing market dynamics, key investment pockets, top segments, value chain, regional scenario, and competitive landscape.
Surge in entrepreneurship and work from home, growth in urbanization, and rise in inclination of customers toward multi-function furniture drive the growth of the global home office furniture market. However, increase in the cost of raw material and environmental restriction related to deforestation hinder the market growth. On the other hand, development of eco-friendly raw material and surge in e-commerce sales present new opportunities in the coming years.
The report offers detailed segmentation of the global home office furniture market based on product type, material type, price range, distribution channel, and region.
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Based on product type, the table segment contributed to the highest share in 2020, accounting for more than two-fifths of the total share, and is estimated to continue its leadership status during the forecast period. However, the seating segment is expected to portray the highest CAGR of 9.8% from 2021 to 2030.
Based on material type, the wood segment accounted for the highest share in 2020, holding nearly half of the global home office furniture market, and is estimated to continue its dominance during the forecast period. However, the plastic segment is projected to manifest the largest CAGR of 10.1% from 2021 to 2030.
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Based on region, Europe held the highest share in terms of revenue in 2020, accounting for nearly two-fifths of the total share, and is expected to continue its lead position by 2030. However, the region across Asia-Pacific is projected to witness the fastest CAGR of 10.7% during the forecast period. The research also analyzes regions including North America and LAMEA.
Key findings of the study
The home office furniture market size was valued at $3,032.6 million in 2020, and is estimated to reach $7,615.2 million by 2030, growing at a CAGR of 8.8% during the forecast period.
By product type, the plastic segment is estimated to witness the fastest growth, registering a CAGR of 10.1% during the forecast period.
In 2020, depending on material type, the wood segment was valued at $1,469.3 million, accounting for 48.4% of the home office furniture market share.
In 2020, the U.S. was the most prominent market in North America, and is projected to reach $691.2 million by 2030, growing at a CAGR of 8.3% during the forecast period.
Leading players of the global home office furniture market analyzed in the research include
Steelcase, Inc.
Masco Corporation
HNI Corporation
Haworth, Inc.
Inter IKEA Systems BV
L & J.G. Stickley, Inc.
Kimball International, Inc.
Okamura Corporation
Bassett Furniture Industries
Durham Furniture, Inc.
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐ https://www.alliedmarketresearch.com/home-office-furniture-market-A12536
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๐.๐. ๐๐จ๐ฆ๐ ๐๐๐๐จ๐ซ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/us-home-decor-market-A06775
๐๐จ๐ฆ๐ ๐๐๐ญ๐๐ซ ๐ ๐ข๐ฅ๐ญ๐ซ๐๐ญ๐ข๐จ๐ง ๐๐ง๐ข๐ญ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/home-water-filtration-unit-market-A16886
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