Growing popularity of work from home is expected to drive the growth of United States work from home furniture market
According to TechSci Research report, “United States Work From Home Furniture Market By Type (Study Table, Sofa, Pouffe, Bean Bag, Ottoman, Recliner, Chair, Others), By Material (Wood, Plastic, Leather, Metal, Others), By Distribution Channel (Exclusive Showrooms, Supermarkets/Hypermarkets, Online and Other Furniture Retail Outlets), By Region, Forecast & Opportunities, 2025”, the United States work from home furniture market is expected to grow at a steady rate during the forecast period on account of rise in working population going for freelancing jobs. This drastically increases the demand for furniture that can help in carrying out work from home. In addition to this, the advantages associated with work from home culture such as flexibility, no dress code, no need to travel, among others, is further projected to encourage the adoption of work from home, which in turn is expected to increase demand for work from home furniture. Moreover, growing BYOD trend across enterprises is further forecast to boost the market growth over the coming years. However, there are certain factors that might act as major impediments to the growth of United States work from home furniture market such as internet connectivity and speed issues and lack of adoption of work from home culture, especially in the emerging economies.
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The United States work from home furniture market is segmented based on type, material, distribution channel, company and region. Based on material, the market can be grouped into wood, plastic, leather, metal and others. Out of these, the leather segment dominated the market until 2019 and is further expected to witness high growth in the upcoming years as well on account of the growing demand for sofa, bean bag, recliner, ottoman, among others. Based on type, the market can be categorized into study table, sofa, pouffe, bean bag, ottoman, recliner, chair and others. The recliner segment is expected to grow significantly on account of the associated benefits such as improved comfort, option of alternative sitting positions, protection from pressure sores and backpain, among others. Based on distribution channel, the market can be fragmented into exclusive showrooms, supermarkets/hypermarkets, online and other furniture retail outlets. Here, the online segment is expected to witness significant growth owing to the associated benefits such as doorstep delivery, availability of discounts & a wide range of payment options, time saving, availability of wide range of products, competitive pricing options, among others.
Herman Miller Inc., Knoll, Inc., HNI Corporation, Steelcase Inc., Masco Corporation, Kimball International, Inc., Ashley Home Store Corporation, Haworth Inc., Teknion Corporation, IKEA and others are some of the leading players operating in United States work from home furniture market. The companies operating in the market are using organic strategies such as product launches, mergers and collaborations to boost their share.
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“United States work from home furniture market is expected to register significant growth during the forecast period, owing to the growing start-up culture in the country. Additionally, technological advancements and new product launches by the major players operating in the market is expected to positively influence the market growth through 2025. Also, need of comfortable and formal workspace like environment at home is anticipated to aid the market growth in the coming years.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.
“United States Work From Home Furniture Market By Type (Study Table, Sofa, Pouffe, Bean Bag, Ottoman, Recliner, Chair, Others), By Material (Wood, Plastic, Leather, Metal, Others), By Distribution Channel (Exclusive Showrooms, Supermarkets/Hypermarkets, Online and Other Furniture Retail Outlets), By Region, Forecast & Opportunities, 2025”,” has evaluated the future growth potential of United States work from home furniture market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in United States work from home furniture market.
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