USD 13.79 billion
Report ID:
SQMIG15F2141 |
Region:
Global |
Published Date: February, 2024
Pages:
184
|Tables:
86
|Figures:
76
Global Desk Chairs Market size was valued at USD 13.79 billion in 2021 and is poised to grow from USD 14.58 billion in 2022 to USD 22.79 billion by 2030, at a CAGR of 5.74% During the forecast period (2023-2030).
The corporate sector stands out as a prominent industry within the market, witnessing an influx of new businesses globally, thereby driving a significant surge in the demand for desk chairs. Acknowledged as a crucial piece of furniture, desk chairs play a pivotal role in supporting employees, contributing to enhanced performance and productivity within workplaces.
However, the proliferation of high-range desk chairs poses a challenge to the growth of the desk chairs market. Consumers face a dilemma regarding investment in high-range chairs, contemplating the value proposition against the associated costs, leading to potential hesitation or reluctance in purchasing these higher-priced options. This dilemma has an impact on market dynamics, influencing consumer choices and impacting the growth trajectory of the desk chair market as a whole.
Global Market Size
USD 13.79 billion
Largest Segment
Non-Movable
Fastest Growth
Growth Rate
5.74% CAGR
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The global Desk Chairs market is segmented into various segments. The Desk Chairs market segmentation, based on type, includes Movable & Non-Movable. The Desk Chairs market segmentation, based on End-Use, includes Residential, Commercial & Institutional. The Desk Chairs market segmentation, based on distribution channel, includes {(Store-Based – Supermarkets & Hypermarkets, Convenience Store and Others) and NonStore-Based)}. Based on the distribution channel, the market is fragmented into Supermarkets & Hypermarkets, Convenience Stores, Online, and Other. By region, the study provides market insights into North America, Europe, Asia-Pacific and Rest of the World.
Analysis by Type
In 2022, the movable segment emerged as the dominant force within the desk chair market. This dominance is closely tied to the increasing prevalence of home offices and remote work arrangements. As individuals set up their workstations at home, the preference leans towards chairs that offer mobility and adaptability to accommodate diverse spaces and needs. Movable desk chairs have gained traction due to their ability to be easily adjusted and transported, catering to the evolving demands of remote workers.
The non-movable segment within the desk chairs market plays a distinctive role, offering stability and steadfastness in seating solutions. Chairs in this segment are designed with a focus on durability and stationary functionality, catering to specific needs where mobility isn't a primary requirement. These chairs often prioritize sturdiness and ergonomic design, providing reliable support for extended periods of stationary use.
Analysis by End-User
In 2022, the furniture market witnessed the commercial category emerge as its primary revenue driver. This surge in demand for commercial furniture was notably spurred by companies transitioning from remote work setups back to traditional office environments following the widespread adoption of remote work during the COVID-19 pandemic. With businesses resuming on-site operations, there arose a consequential need to either refurbish existing office spaces or furnish new ones.
Concurrently, the residential segment within the desk chairs market holds significant importance as it caters to the requirements of home-based workspaces and personal office setups within residential environments. Desk chairs in this segment are specifically tailored to complement home decor while providing functional comfort for various tasks, such as remote work, studying, or personal computer use. Often focusing on aesthetics alongside ergonomic design, these chairs offer a blend of style and functionality suitable for home office spaces.
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In 2022, North America emerged as the dominant force in the desk chairs market, securing the highest revenue share. This dominance was attributed to several contributing factors, including the abundant presence of desk chair manufacturers within the region. The availability of these manufacturers facilitated an environment ripe for continuous innovation and product launches, driving market growth.
The forecast for the Asia-Pacific indicates a rapid growth trajectory, expected to exhibit the fastest CAGR between 2023 and 2032. This anticipated expansion is underpinned by multiple factors, including the burgeoning development of official and commercial spaces, urbanization trends, increased disposable income, and the entry of numerous prominent industry players.
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Drivers
Development in Chairs is Expected to Attract New Consumers
Restraints
Escalating Shipping Costs
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The competitive environment of the Global Desk Chairs Market is dynamic and characterized by the presence of a mix of well-established brands, emerging players, and niche producers. Innovation is a key competitive factor. Leading brands invest in research and development to introduce new flavors, packaging formats, and health-focused variations to cater to changing consumer preferences. They often set the trends in the industry.
Top Player’s Company Profiles
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
Global Desk Chairs market analysis well-known shows a dynamic marketplace with a number of standout developments and difficulties. The demand for desk chairs is primarily driven by the necessity for convenient and comfortable seating solutions, especially as employees spend prolonged hours working from home. This shift highlighted the paramount importance of maintaining good posture and reducing physical strain on the body while working at desks. Consequently, there's a heightened emphasis on desk chairs featuring ergonomic designs, which are increasingly preferred for their exceptional lumbar support, adjustable armrests, height customization, and rotational functionalities.
Report Metric | Details |
---|---|
Market size value in 2021 | USD 13.79 billion |
Market size value in 2030 | USD 22.79 billion |
Growth Rate | 5.74% |
Base year | 2023 |
Forecast period | 2023-2030 |
Forecast Unit (Value) | USD Billion |
Segments covered |
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Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Desk Chairs Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Desk Chairs Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Desk Chairs Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Desk Chairs Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG15F2141
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