Home Office Furniture Market Growing at 8.8%, to Hit USD $7.61 Billion | Growth, Share Analysis, Company Profiles

Home Office Furniture Market - Asia-Pacific region is projected to witness the fastest CAGR of 10.7% during the forecast period.

WILMINGTON, DE, UNITED STATES, October 12, 2024 /EINPresswire.com/ -- 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.

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.

𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐂𝐨𝐩𝐲 𝐎𝐟 𝐑𝐞𝐩𝐨𝐫𝐭@ https://www.alliedmarketresearch.com/request-sample/12901

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.

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.

𝐒𝐞𝐧𝐝 𝐌𝐞 𝐏𝐮𝐫𝐜𝐡𝐚𝐬𝐞 𝐄𝐧𝐪𝐮𝐢𝐫𝐞 𝐇𝐞𝐫𝐞@ https://www.alliedmarketresearch.com/purchase-enquiry/12901

𝐋𝐞𝐚𝐝𝐢𝐧𝐠 𝐩𝐥𝐚𝐲𝐞𝐫𝐬 𝐨𝐟 𝐭𝐡𝐞 𝐠𝐥𝐨𝐛𝐚𝐥 𝐡𝐨𝐦𝐞 𝐨𝐟𝐟𝐢𝐜𝐞 𝐟𝐮𝐫𝐧𝐢𝐭𝐮𝐫𝐞 𝐦𝐚𝐫𝐤𝐞𝐭
Steelcase, Inc.
Masco Corporation
HNI Corporation
Haworth, Inc.
Inter IKEA Systems BV
L & J.G. STICKLEY, Inc.
Kimball International, Inc.
Okamura Corporation
Basset Furniture Industries
Durham Furniture, Inc.

𝐒𝐢𝐦𝐢𝐥𝐚𝐫 𝐑𝐞𝐩𝐨𝐫𝐭𝐬 𝐢𝐧 𝐂𝐨𝐧𝐬𝐮𝐦𝐞𝐫 𝐆𝐨𝐨𝐝𝐬 𝐈𝐧𝐝𝐮𝐬𝐭𝐫𝐲
𝐃𝐈𝐘 𝐇𝐨𝐦𝐞 𝐃é𝐜𝐨𝐫 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/diy-home-d%C3%A9cor-market-A16855
𝐀𝐭-𝐇𝐨𝐦𝐞 𝐅𝐢𝐭𝐧𝐞𝐬𝐬 𝐄𝐪𝐮𝐢𝐩𝐦𝐞𝐧𝐭 𝐌𝐚𝐫𝐤𝐞𝐭 https://www.alliedmarketresearch.com/at-home-fitness-equipment-market-A11430

David Correa
Allied Market Research
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