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ASIA-PACIFIC HOME OFFICE FURNITURE MARKET FORECAST 2022-2030

The Asia-Pacific home office furniture market growth is anticipated to progress at a CAGR of 7.66% during the forecast period, 2022-2030, and is set to garner a revenue of $13.72 billion by 2030.

ASIA-PACIFIC HOME OFFICE FURNITURE MARKET FORECAST 2022-2030

Asia-Pacific Home Office Furniture Market by Product (Seating, Storage Units, Desks and Tables, Other Products) Market by Material (Wood, Metal, Plastic, Other Materials) Market by Distribution Channel (Flagship Stores, Speciality Stores, Online, Other Distribution Channels) by Geography

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The Asia-Pacific home office furniture market growth is anticipated to progress at a CAGR of 7.66% during the forecast period, 2022-2030, and is set to garner a revenue of $13.72 billion by 2030.

The home office furniture market growth in Asia-Pacific is attributed to the increasing number of professionals working from home alongside the dense population and a lack of office space in countries like Japan and Singapore.

Also, several countries in the region are pushing for remote working since it supplements businesses by increasing productivity, further offering growth opportunities for the analyzed market. However, the Asia-Pacific home office furniture market expansion is hindered by the presence of several low- to middle-income groups and the region’s large population.

Asia-Pacific Home Office Furniture Market

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The Asia-Pacific home office furniture market growth assessment includes the analysis of Japan, China, Thailand, Australia & New Zealand, Indonesia, South Korea, India, and Rest of Asia-Pacific. China is one of the largest consumers of home office furniture. For instance, more than 1,100 office furniture businesses operated in 2018. The home office furniture tariff fell after China entered the WTO, leading to its increased exports. Also, several domestic and foreign office furniture manufacturers are among the significant players in the market. In addition, most home office furniture businesses are located in five districts, Pearl River Delta, Bohai Bay Rim, West, Yangtze River Delta, and Northeast. Moreover, many businesses are opting for specialized home office furniture since it is suitable for the working environment. This is because such furniture blends health management and physical mechanics to increase comfort. Such factors drive the China home office furniture market growth.

In South Korea, the market growth is attributed to the growing number of home offices & start-ups and the increasing per capita income levels. The country’s open economy has helped it to be a crucial part of the Asian manufacturing chain. Also, the government supplements entrepreneurship, and several international & domestic businesses have the advantage of trade freedom and conducive investment opportunities. Moreover, the consumerization of health drives the market for ergonomic chairs. Besides, environmental concerns offer growth opportunities, with consumers looking for environmentally friendly office furniture design choices. Such aspects drive the South Korea home office furniture market growth.

The Asia-Pacific home office furniture market scope includes material, product, and distribution channel. The product segment includes desks and tables, storage units, seating, and other products.

The storage units are used to store essential papers, gadgets, files, office supplies, stationery, etc. Specialized storage units for office data and supplies offer better-structured workspaces for employees working from home. As a result, they are in huge demand among employees adopting work-from-home modules. At the same time, they can be converted for other household uses.

Further, the sales of tiny & portable storage units are rising due to the increasing number of one- and two-person households in emerging nations. In addition, there is a growing demand for storage units made of environmentally-friendly materials. Besides, baby boomers and elders are seeking sustainable and durable products in terms of changing weather conditions.

Some of the prominent companies in the Asia-Pacific home office furniture market are KOKUYO Group, Knoll Inc, IKEA, Kimball International, etc.

KOKUYO Group sells and produces a vast line of stationery goods and office furniture. Its operational segments include mail order/retail, furniture, and stationery. The furniture segment encompasses the production and selling of office furniture, the configuration of several kinds of public & commercial spaces, and furniture for public spaces. The company is headquartered in Osaka, Japan.

The workstation and table product category includes height adjustable, fixed tables and workstations.

Report Synopsis

Report Scope Details
Market Forecast Years 2022-2030
Base Year 2021
Market Historical Years 2018-2021
Forecast Units  Revenue ($ Billion)
Segment Analyzed Distribution Channel, Material, Product
Countries Analyzed Japan, China, Thailand, Australia & New Zealand, Indonesia, South Korea, India, and Rest of Asia-Pacific
Companies Analyzed

Ashley Furniture Industries, Flexsteel, Haworth Inc, Herman Miller Inc, HNI Corporation, Humanscale, IKEA, Kimball International, Knoll Inc, KOKUYO Group, Krueger International Inc, Steelcase Inc, Teknion Corporation

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    1. RESEARCH SCOPE & METHODOLOGY
      • STUDY OBJECTIVES
      • SCOPE OF STUDY
      • METHODOLOGY
      • ASSUMPTIONS & LIMITATIONS
    2. EXECUTIVE SUMMARY
      • MARKET SIZE & ESTIMATES
      • MARKET OVERVIEW
    3. MARKET DYNAMICS
      • KEY DRIVERS
        • INCREASING NUMBER OF FREELANCE PROFESSIONALS
        • GOVERNMENT EXEMPTIONS AND INCENTIVES
        • BUSINESS MODELS INCORPORATING TECHNICAL ADVANCEMENTS FOR A BETTER CONSUMER EXPERIENCE
      • KEY RESTRAINTS
        • GOVERNMENT POLICIES AFFECTING RAW MATERIAL IMPORTS
        • FLUCTUATING RAW MATERIAL PRICES
        • ENVIRONMENTAL DETERMINANTS AFFECTING WOOD QUALITY
    1. KEY ANALYTICS
      • IMPACT OF COVID-19 ON HOME OFFICE FURNITURE MARKET
      • KEY MARKET TRENDS
      • PORTER’S FIVE FORCES ANALYSIS
        • BUYERS POWER
        • SUPPLIERS POWER
        • SUBSTITUTION
        • NEW ENTRANTS
        • INDUSTRY RIVALRY
      • OPPORTUNITY MATRIX
      • VENDOR LANDSCAPE
      • VALUE CHAIN ANALYSIS
      • TECHNOLOGICAL INNOVATIONS
      • KEY INSIGHTS
        • ORGANIZATIONS REIMBURSING HOME OFFICE FURNITURE
        • INTERIOR DESIGNING TRENDS
    1. MARKET BY PRODUCT
      • SEATING
      • STORAGE UNITS
      • DESKS AND TABLES
      • OTHER PRODUCTS
    2. MARKET BY MATERIAL
      • WOOD
      • METAL
      • PLASTIC
      • OTHER MATERIALS
    3. MARKET BY DISTRIBUTION CHANNEL
      • FLAGSHIP STORES
      • SPECIALITY STORES
      • ONLINE
      • OTHER DISTRIBUTION CHANNELS
    4. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. COMPETITIVE LANDSCAPE
      • KEY STRATEGIC DEVELOPMENTS
        • MERGERS & ACQUISITIONS
        • PRODUCT LAUNCHES AND DEVELOPMENTS
        • PARTNERSHIPS & AGREEMENTS
        • BUSINESS EXPANSIONS & DIVESTITURES
      • COMPANY PROFILES
        • ASHLEY FURNITURE INDUSTRIES
        • FLEXSTEEL
        • HAWORTH INC
        • HERMAN MILLER INC
        • HNI CORPORATION
        • HUMANSCALE
        • IKEA
        • KIMBALL INTERNATIONAL
        • KNOLL INC
        • KOKUYO GROUP
        • KRUEGER INTERNATIONAL INC
        • STEELCASE INC
        • TEKNION CORPORATION

    LIST OF TABLES

    TABLE 1: MARKET SNAPSHOT – HOME OFFICE FURNITURE

    TABLE 2: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 3: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY PRODUCT, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 4: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY MATERIAL, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 5: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY MATERIAL, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 6: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY DISTRIBUTION CHANNEL HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 7: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY DISTRIBUTION CHANNEL, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 8: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY COUNTRY, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

    TABLE 9: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY COUNTRY, FORECAST YEARS, 2022-2030 (IN $ BILLION)

    TABLE 10: LEADING PLAYERS OPERATING IN ASIA-PACIFIC HOME OFFICE FURNITURE MARKET

    TABLE 11: LIST OF MERGERS & ACQUISITIONS

    TABLE 12: LIST OF PRODUCT LAUNCHES & DEVELOPMENTS

    TABLE 13: LIST OF PARTNERSHIPS & AGREEMENTS

    TABLE 14: LIST OF BUSINESS EXPANSIONS & DIVESTITURES

    LIST OF FIGURE

    FIGURE 1: KEY MARKET TRENDS

    FIGURE 2: PORTER’S FIVE FORCES ANALYSIS

    FIGURE 3: OPPORTUNITY MATRIX

    FIGURE 4: VENDOR LANDSCAPE

    FIGURE 5: VALUE CHAIN ANALYSIS

    FIGURE 6: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2021

    FIGURE 7: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY SEATING, 2022-2030 (IN $ BILLION)

    FIGURE 8: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY STORAGE UNITS, 2022-2030 (IN $ BILLION)

    FIGURE 9: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY DESKS AND TABLES, 2022-2030 (IN $ BILLION)

    FIGURE 10: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY OTHER PRODUCTS, 2022-2030 (IN $ BILLION)

    FIGURE 11: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, GROWTH POTENTIAL, BY MATERIAL, IN 2021

    FIGURE 12: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY WOOD, 2022-2030 (IN $ BILLION)

    FIGURE 13: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY METAL, 2022-2030 (IN $ BILLION)

    FIGURE 14: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY PLASTIC, 2022-2030 (IN $ BILLION)

    FIGURE 15: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY OTHER MATERIALS, 2022-2030 (IN $ BILLION)

    FIGURE 16: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2021

    FIGURE 17: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY FLAGSHIP STORES, 2022-2030 (IN $ BILLION)

    FIGURE 18: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY SPECIALITY STORES, 2022-2030 (IN $ BILLION)

    FIGURE 19: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY ONLINE, 2022-2030 (IN $ BILLION)

    FIGURE 20: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, BY OTHER DISTRIBUTION CHANNELS, 2022-2030 (IN $ BILLION)

    FIGURE 21: ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, COUNTRY OUTLOOK, 2021 & 2030 (IN %)

    FIGURE 22: CHINA HOME OFFICE FURNITURE MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 23: JAPAN HOME OFFICE FURNITURE MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 24: INDIA HOME OFFICE FURNITURE MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 25: SOUTH KOREA HOME OFFICE FURNITURE MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 26: INDONESIA HOME OFFICE FURNITURE MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 27: THAILAND HOME OFFICE FURNITURE MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 28: AUSTRALIA & NEW ZEALAND HOME OFFICE FURNITURE MARKET, 2022-2030 (IN $ BILLION)

    FIGURE 29: REST OF ASIA-PACIFIC HOME OFFICE FURNITURE MARKET, 2022-2030 (IN $ BILLION)       

    1. GEOGRAPHICAL ANALYSIS
      • ASIA-PACIFIC
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • CHINA
          • JAPAN
          • INDIA
          • SOUTH KOREA
          • INDONESIA
          • THAILAND
          • AUSTRALIA & NEW ZEALAND
          • REST OF ASIA-PACIFIC
    1. MARKET BY PRODUCT
      • SEATING
      • STORAGE UNITS
      • DESKS AND TABLES
      • OTHER PRODUCTS
    2. MARKET BY MATERIAL
      • WOOD
      • METAL
      • PLASTIC
      • OTHER MATERIALS
    3. MARKET BY DISTRIBUTION CHANNEL
      • FLAGSHIP STORES
      • SPECIALITY STORES
      • ONLINE
      • OTHER DISTRIBUTION CHANNELS

    To request a free sample copy of this report, please complete the form below :

    We offer 10% free customization including country-level data, niche applications and competitive landscape with every report.


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