United States Work From Home Furniture Market to Witness Significant Growth During Forecast Period
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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