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EUROPE HOME OFFICE FURNITURE MARKET FORECAST 2022-2030

The Europe home office furniture market is predicted to project a CAGR of 6.48% during the forecast period, 2022-2030, and is expected to reach a revenue of $9.58 billion by 2030.

EUROPE HOME OFFICE FURNITURE MARKET FORECAST 2022-2030

Europe 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 Europe home office furniture market is predicted to project a CAGR of 6.48% during the forecast period, 2022-2030, and is expected to reach a revenue of $9.58 billion by 2030.

The rising number of offices and emerging trends like co-working spaces and flex offices drive Europe’s home office furniture market growth. Also, the region plays a central role in the global furniture sector with regard to foreign exchange standards, consumer prices, and output. The United Kingdom, France, Spain, Italy, and Germany are evaluated as the top producers of office furniture in the region.

Europe Home Office Furniture Market

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In addition, the region exports office furniture products to the Middle East, Asia, Latin America, and North America. However, the Europe home office furniture market growth is hindered by the raw material prices since they make up a major constituent of the operating expenses.

The Europe home office furniture market growth analysis includes the assessment of the United Kingdom, Poland, Belgium, Germany, France, Italy, Spain, and Rest of Europe. In the United Kingdom, many reputed brands offer office chairs in the budget range, given the huge preference for chairs when buying furniture for the home office. Also, chairs that provide neck support, cushioned armrests, tilt control, and extended lumbar support for prolonged sitting are becoming increasingly popular. Additionally, the demand for ready-to-assemble products is rising, including storage units, tables, and work desks. Accordingly, the demand for easily stowed and disassembled products is increasing, given the growing number of small residences in the UK. Moreover, professionals increasingly prefer more architectural workstations.

In Spain, home office furniture is popular, with businesses transitioning to remote work culture due to the pandemic and its aftermath. Accordingly, home office furniture sales are increasing, particularly through e-commerce outlets. Also, domestic furniture manufacturers are developing innovative chairs, bookshelves, cabinet types, and desks in accordance with the transitioning environment. Besides, contemporary furniture companies offer easily adaptable and accommodative products that help sustain a stylish work-life balance. Such factors propel market demands in these countries.

The segmentation analysis of the Europe home office furniture market includes material, product, and distribution channel. The distribution channel segment includes online, specialty stores, flagship stores, and other distribution channels.

Online distribution channels witnessed a surge in the volume of sale transactions during the pandemic, attributed to the prolonged closure of physical retail stores. However, baby boomers, generation X, and millennials collectively constitute a large portion of the target market. Their dynamic buying behaviors, tastes, and choices support the successful expansion of the online distribution channel segment. At the same time, the segment’s growth is hampered by poorly protected payment channels despite e-commerce’s fast-paced growth.

The other distribution channels include hypermarkets, non-specialty retailers, small chain stores, discount retailers, warehouse clubs, etc. Direct selling is the most common retailing type globally in tier-II and tier-III cities. Also, underdeveloped and emerging nations have many unorganized furniture carpenters and producers that operate localized business groups under one ownership in a single city.

Some of the key firms operating in the Europe home office furniture market are Humanscale, Herman Miller Inc, HNI Corporation, IKEA, etc.

Inter IKEA Group designs and sells ready-to-assemble home accessories, kitchen appliances, and furniture. Its three core businesses include industry, range & supply, and franchise. The company is headquartered in Delft, Netherlands.

The company’s service portfolio includes online planning, order tracking, delivery services, TaskRabbit services, click and collect, and assembly services. Whereas its product portfolio includes desk chairs, room dividers, desks & computer desks, desk dividers, storage units & cabinets, drawer units, and multifunctional tables.

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 The United Kingdom, Poland, Belgium, Germany, France, Italy, Spain, and Rest of Europe
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
      • EUROPE
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • SPAIN
          • ITALY
          • BELGIUM
          • POLAND
          • REST OF EUROPE
    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: EUROPE HOME OFFICE FURNITURE MARKET, BY PRODUCT, HISTORICAL YEARS, 2018-2021 (IN $ BILLION)

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

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

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

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

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

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

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

    TABLE 10: LEADING PLAYERS OPERATING IN EUROPE 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 FIGURES

    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: EUROPE HOME OFFICE FURNITURE MARKET, GROWTH POTENTIAL, BY PRODUCT, IN 2021

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

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

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

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

    FIGURE 11: EUROPE HOME OFFICE FURNITURE MARKET, GROWTH POTENTIAL, BY MATERIAL, IN 2021

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

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

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

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

    FIGURE 16: EUROPE HOME OFFICE FURNITURE MARKET, GROWTH POTENTIAL, BY DISTRIBUTION CHANNEL, IN 2021

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

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

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

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

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

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

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

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

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

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

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

    FIGURE 28: POLAND HOME OFFICE FURNITURE MARKET, 2022-2030 (IN $ BILLION)

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

    1. GEOGRAPHICAL ANALYSIS
      • EUROPE
        • KEY GROWTH ENABLERS
        • KEY CHALLENGES
        • KEY PLAYERS
        • COUNTRY ANALYSIS
          • UNITED KINGDOM
          • GERMANY
          • FRANCE
          • SPAIN
          • ITALY
          • BELGIUM
          • POLAND
          • REST OF EUROPE
    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

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


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