About Home Office Furniture
The concept of home offices soared while the world was dwindling in financial crunch during 2008-2009 and the Eurozone debt crisis in 2011-2012. Global home office furniture market to grow at a CAGR of 5.58% during the period 2014-2019. The demand for home office furniture increased worldwide, especially in the Americas and European countries. The increased penetration of desktop computers demands for respective furniture set up that includes at least a chair and a desktop table. Besides being used as an office, home offices are used for other purposes. Therefore, the furniture set up demands such customization that it conceals files and other office equipment while not in use. Therefore, multi-functional versatile furniture are gaining popularity over other home office furniture.
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Covered in this Report
This report covers the present scenario and the growth prospects of the global home office furniture market for the period 2015-2019. To calculate the market size, the report considers revenue generated from the retail sales of the following types of home office furniture:
• Storage units and files
Global Home Office Furniture Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Europe, North America, APAC, and MEA; it also covers the global home office furniture market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
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Commenting on the report, an our analyst said: “Increased penetration of the Internet and a rise in the use of smartphones and consumer banking systems have led to the growth of e-commerce. Therefore, most furniture manufacturers feel encouraged to sell their products online as e-commerce is gaining traction worldwide. Vendors such as Herman Miller sell furniture both online and through brick-and-mortar stores. Online retail stores also reduce the cost incurred for inventory and rental space. They are also available 24/7 and thus offer convenience to consumers in purchasing products over the Internet from anywhere. Vendors can also share digital catalogs of their products through this channel. Other advantages of online retailing such as easy returns and exchange are also expected to boost market growth.”
• North America
• Ashley Furniture Industries
• Inter IKEA Group
• Sears Holdings
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According to the report, setting up a home office has become easier and more affordable. The availability of high-speed Internet, declining cost of computers, and availability of software that allows virtual meetings have contributed to this scenario. Home offices need to boost productivity, so they need to be well lit, well powered, well equipped — and well furnished. With a growing number of people working from home, the demand for modular units and prefabricated structures that economize on space is increasing.
Further, the report states that a shortage of skilled labor in the furniture manufacturing industry because the aging workforce is retiring and manufacturing jobs appeal to few young people.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key vendors.