Home Office Furniture Market Size, Share, Trends, Industry Analysis and Forecast to 2025 – Hunter Women’s Chronicle
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Home Office Furniture Market Size, Share, Trends, Industry Analysis and Forecast to 2025 Furniture is an essential part of any home, but not all furniture is created equal. Whether you’re looking for a bed, desk, or dining table, these five tips will help you find the piece of furniture that’s right for you.
Home office furniture market overview
The global home office furniture market size was estimated at USD 27.8 billion in 2017 and is projected to reach USD 31.5 billion by 2025, growing at a CAGR of 3.9% from 2018 to 2025. The global home office furniture market was valued at $6.9 billion in 2015. According to a report, China is the world’s largest home office furniture market, accounting for 45% of the total market. This can be attributed to the growing demand from consumers who expect to be able to work remotely and the growth of the Internet retail sector in China.
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Home office furniture market size outlook
According to a study, the global home office furniture market is expected to reach a valuation of $51,138.2 by the end of 2025. The home office furniture market is expected to grow at a CAGR of 7.3% from 2017 to 2025.
Home office furniture introduces new technologies and has various advantages such as convenience, accessibility and mobility. The rapid growth of the market is due to automation and technological advancement in the workplace, which has resulted in more frequent use of home offices for business purposes.
Home office furniture market trends
Its growing popularity characterizes home office furniture. The increase in the demand for home office furniture is attributed to the increase in the number of employees working from home, in cafes and other similar places. The global home office furniture market size was estimated at USD 5.28 billion in 2018 and is projected to reach USD 7.72 billion by 2025, growing at a CAGR of 3.7% from 2019 to 2025. The market has been dominated by North America, Europe, and Asia-Pacific due to their rising trends in the number of workers who need office furniture for their workplace.
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Home Office Furniture Industry Analysis and Forecast
The global home office furniture market size is expected to reach USD 30.2 billion by 2025 and is expected to grow at a CAGR of 5.7% during the forecast period. Home Office Furniture Market Analysis, Trends, Share and Forecast to 2025
The home office furniture market is expected to grow at a CAGR of 3.2% during the forecast period. The top three countries expected to lead the market growth are India, China, and the United States.