APAC to Witness Significant Growth in Work From Home Furniture Market until 2025

Increasing work from home trend across corporate industry is expected to drive the growth of global work from home furniture market

According to TechSci Research report, “Global 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 global work from home furniture market is expected to grow at a steady rate during the forecast period on account of the growing popularity of work from among the working population, especially among the women. This helps them look after their family & homes, while managing their work. This drastically increases the demand for furniture that can help in carrying out work from home. Additionally, benefits associated with work from home culture such as flexibility, no dress code, no need to travel, among others, further encourages the adoption of work from home, thereby increasing demand for work from home furniture. However, internet connectivity and speed issues might hamper the market growth until 2025. Furthermore, lack of adoption of work from home culture, especially in the emerging economies might further restrict the market growth.

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The global work from home furniture market is segmented based on type, material, distribution channel, company and region. Based on type, the market can be categorized into study table, sofa, pouffe, bean bag, ottoman, recliner, chair and others. Among these, 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 material, the market can be grouped into wood, plastic, leather, metal and others. Here, leather segment is expected to witness significant growth on account of the growing demand for sofa, bean bag, recliner, ottoman, among others. Based on distribution channel, the market can be fragmented into exclusive showrooms, supermarkets/hypermarkets, online and other furniture retail outlets. Out of these, the online segment is expected to witness significant growth in the market until 2025 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.

Poltrona Frau, Herman Miller, Knoll, Inc., KOKUYO Furniture, Haworth Inc., Inter IKEA Group, Ashley Furniture Industries, Sears Holdings, Masco Corporation, Kimball International, Inc. and others are some of the leading players operating in global 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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“Asia-Pacific is expected to register significant growth in the work from home furniture market during the forecast period, owing to the widespread adoption of work from home culture by different corporates and SMEs across the region. Additionally, with the sudden outbreak of COVID-19 across the world with Asian countries such as China, India, Singapore, among others, being adversely impacted by the pandemic, the market for work from home furniture is expected to witness significant growth. Moreover, the companies operating in the region find work from home a viable long term option for protecting their employees and maintaining the business also. This in turn is expected to positively influence the market growth through 2025.” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“Global 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 global 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 global work from home furniture market.

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