Asia-pacific Home Office Furniture Market Forecast 2022-2030

Asia-pacific Home Office Furniture Market Forecast 2022-2030

KEY FINDINGS

The Asia-Pacific home office furniture market growth is predicted to record a CAGR of 7.66% during the forecast period, 2022-2030. The transition to online learning by educational institutions has raised the need for study tables. Also, the growing consumer affluence and shifting demographics offer growth opportunities.

MARKET INSIGHTS

Thailand, Australia & New Zealand, Indonesia, Japan, China, India, South Korea, and Rest of Asia-Pacific are assessed for the Asia-Pacific home office furniture market growth evaluation. In Japan, the rising domestic demands support the analyzed market growth. Also, wood, paper, and pulp product imports are strongly prioritized. In addition, businesses offering novel goods and services are making investments that further benefit the market growth. For instance, Muji, a domestic retail chain, launched a furniture subscription service in 2020 as more people worked from home. Besides, the growing popularity of work-from-home offers growth opportunities. For instance, as per recent stats from the Tokyo-based non-profit Japan Productivity Center (JPC), remote labor has increased by 20%.

Furthermore, in Thailand, furniture producers have been manufacturing innovative cabinet styles, bookshelves, desks, and chairs to meet the growing demand for varied home office equipment. Also, modern furniture producers are offering products adaptable to any room that can sustain a sophisticated work-life balance. Additionally, home offices are witnessing a makeover in Thailand, offering ergonomic comfort and support. This is majorly attributed to fascinating and unique materials, colors, and clever designs. Moreover, the Thailand home office furniture market growth is defined by the rising demand for modern furniture.

COMPETITIVE INSIGHTS

Some of the leading companies in the market include Knoll Inc, IKEA, KOKUYO Group, etc.

Our report offerings include:
• Explore key findings of the overall market
• Strategic breakdown of market dynamics (Drivers, Restraints, Opportunities, Challenges)
• Market forecasts for a minimum of 9 years, along with 3 years of historical data for all segments, sub-segments, and regions
• Market Segmentation cater to a thorough assessment of key segments with their market estimations
• Geographical Analysis: Assessments of the mentioned regions and country-level segments with their market share
• Key analytics: Porter’s Five Forces Analysis, Vendor Landscape, Opportunity Matrix, Key Buying Criteria, etc.
• Competitive landscape is the theoretical explanation of the key companies based on factors, market share, etc.
• Company profiling: A detailed company overview, product/services offered, SCOT analysis, and recent strategic developments