United States Home Office Furniture Market Forecast 2022-2028

United States Home Office Furniture Market Forecast 2022-2028

KEY FINDINGS

The United States home office furniture market is predicted to record a CAGR of 7.19% during the forecast period, 2022-2028. The vast adoption of the work-from-home model due to the pandemic and its impact is the primary factor driving the market growth.

MARKET INSIGHTS

In the United States, several key players in the office furniture industry are collaborating with e-commerce retail stores to strengthen their distribution networks. The growing penetration of the internet and the rising use of smartphones and consumer banking systems drive e-commerce growth. As a result, many furniture manufacturers are encouraged to sell their products online, with e-commerce increasingly gaining traction. Accordingly, the online distribution channel is projected to witness substantial growth, accredited to its benefits like the availability of varied products and low pricing.

Furthermore, the surging number of corporate expansions and start-ups boosts growth opportunities. In addition, the demand for office furniture aligns with the booming service sector jobs and commercial building construction. The commercial property market growth has enabled the trend of activity-based working, health & well-being, and the need for more space. Besides, smart buildings, digital workplaces, and sustainability significantly impact market prospects.

COMPETITIVE INSIGHTS

Some of the prominent market players operating in the market are HNI Corporation, Flexstell, Haworth Inc, 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