Home Office Furniture Market – Asia-Pacific region is projected to witness the fastest CAGR of 10.7% during the forecast period.
— Allied Market Research
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.
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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.
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.
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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.
é https://www.alliedmarketresearch.com/diy-home-d%C3%A9cor-market-A16855
– https://www.alliedmarketresearch.com/at-home-fitness-equipment-market-A11430
David Correa
Allied Market Research
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