Market Size of Europe Home Office Furniture Industry
Study Period | 2020 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2020 - 2022 |
CAGR | > 6.00 % |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
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Europe Home Office Furniture Market Analysis
The home office furniture is turning out to be an opportunity for furniture manufacturers in the European market. The leading manufacturers of home office furniture are currently implementing technologically advanced production processes to increase production efficacy and optimize product offerings. The wider application of information technology and home/distance working calls for larger entertainment storage units and concealed home office furniture as well as desks and shelving systems. It is estimated that around that close to 40% of those currently working in the EU began to telework full-time as a result of the pandemic. As this trend continued the demand for home office furniture is ticking up in the market. Height adjustable desks and chairs for home office are gaining traction among many European workers and countries as while working many people prefer to change their working positions from sitting to standing and vice-versa time to time. Low budget products are sold in the market by importing them (mostly chairs but also arms and other tools), or furniture pieces produced by ready to assembled furniture manufacturers in Europe. Europe's home office furniture was a net importer in the market with imports accounted for over 35% in the market. For United Kingdom home office market China as well as EU countries including Germany, Italy, France and Sweden are the min suppliers. As furniture companies and retailers are also worried about health and safety of their employees, they are promoting skeleton workers at stores, and are opting more digital option to increase sales and implementing remote working solutions thus positively influencing the market and the demand.