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.

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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.

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