USD 9.80 billion
Report ID:
SQMIG25F2052 |
Region:
Global |
Published Date: April, 2024
Pages:
223
|Tables:
89
|Figures:
76
Global Ergonomic Chair Market size was valued at around USD 9.80 billion in 2022 and is poised to grow from USD 10.49 billion in 2023 to expected to USD 18.02 Billion by 2031, at a CAGR of 7% over the forecast period (2024–2031).
A significant increase in office remodeling activities would further support market development as businesses regularly renovate workspaces in commercial and residential spaces to include cutting-edge design components like ergonomic and multifunctional seating systems.
Manufacturers expend a lot of time and effort creating multipurpose ergonomic seats that increase comfort during long workdays and optimize space usage. Modern ergonomic chairs are more popular as companies try to encourage effective employee collaboration to boost output. In recent years, there has been a change in workplace furniture and interior design due to the desire for affordable and comfortable amenities in economies.
Domestic manufacturers offer important advantages like shorter lead times and product customizations, despite the fact that foreign manufacturers may be more price competitive. The price is one of the most crucial factors influencing buying choices in this market, but imports have increasingly taken the lead for made-to-order varieties of office furniture sold by retailers.
The total amount of products sold in the market is heavily influenced by company-owned exclusive stores, retail outlets, and other kinds of brick-and-mortar stores. However, with social media's growing impact and the widespread digital sharing of opinions and experiences it fosters, online sales are rising. Manufacturers are concentrating on improving their online presence and providing helpful after-sales services as a result to improve the consumer's online purchasing experience.
The players in the market fight intensely with each other due to some build cutting-edge, enticing ergonomic chairs and have a sizable customer base. To meet the growing demand from consumers, the main market players are making significant efforts to launch different types of ergonomic chairs. Additionally, one of the key business strategies for major companies is showing their portfolio on e-commerce and online websites.
US Ergonomic Chair Market is poised to grow at sustainable CAGR for the next forecast year.
Global Market Size
USD 9.80 billion
Largest Segment
Swivel Chair
Fastest Growth
Adjustable Chair
Growth Rate
7% CAGR
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Global Ergonomic Chair Market is segmented based on product, material, end user and region. Based on product the market is segmented into swivel chair, adjustable chair, fixed chair. Based on material the market is segmented into plastic, steel and others (vinyl, leather, mesh). Based on end user the market is segmented into residential and commercial. Based on region the global ergonomic chair market is segmented into North America, Europe, Asia-Pacific, South America, and MEA.
Ergonomic Chair Market Analysis by Product
Swivel chairs led the market in 2022, accounting for about 49% of market revenue. Swivel seats significantly improve social interaction. Due to an ergonomic swivel chair, one can swivel and engage in their home office or workplace without placing undue strain on their necks. The swivel chair is the best option for areas with lots of space.
The adjustable chair market for ergonomic seats is expected to grow at a CAGR of 7.7% from 2023 to 2030.Customers can personalize their sitting experience in office chairs to suit their requirements, ensuring comfort all day. With the right ergonomics, it is possible to prevent discomfort from prolonged inactivity, including aches in the neck, shoulders, and lower back.
Ergonomic Chair Market Analysis by End User
Commercial held the largest revenue share of more than 61% in 2022 and is anticipated to favorably influence market growth. The adoption of this new method of working has encouraged people to develop workplace environments that are comparable to those found in offices. This is expected to have a positive impact on the expansion of the home office furniture market in the ensuing years. Over the past few years, the number of individuals working from home has increased, increasing the demand for home offices.
The residential segment is expected to grow at a CAGR of more than 8% during the forecast period. Commercial and office building construction and remodeling are anticipated to rise considerably, which is likely to result in higher product demand across the country. Because products are durable and there is little innovation, replacement activities have traditionally had little effect on raising product demand. However, due to a growing tendency towards more open, collaborative workspaces, replacements are anticipated to increase considerably over the forecast period.
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In 2022, North America had the highest income share (31.6%). The region's building industry has experienced growth possibilities over the past few years as a result of the rising population and rising standard of living. The demand for ergonomic chairs is gradually rising in the area as a result of growing customer awareness of the effects of their decisions on their health, their sitting habits, and the environment.
Asia Pacific is predicted to grow at a CAGR of 9.7% by 2030. As a result of increased investment in the construction industry and the development of smart city initiatives, new opportunities for players in the ergonomic chair industry are anticipated to emerge in the upcoming years. The rising per capita income in the developing nations of the Asia Pacific region would also boost demand.
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Ergonomic Chair Market Drivers
Increasing Awareness about The Importance of Ergonomics to Bring Lucrative Revenue Generating Opportunities
Ergonomic Chair Market Restraints
Lack of Awareness to Hinder Market Growth
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A small number of long-standing competitors as well as newcomers characterize the industry. In order to satisfy consumers' growing demand for ergonomic chairs, the main market players are making significant efforts to launch different kinds of chairs. The exhibition of their portfolio on e-commerce and online websites has also become one of the key business strategies for major companies.
Top Player’s Company Profiles
Ergonomic Chair Market Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates and Analyses the Data collected by means of Primary Exploratory Research backed by the robust Secondary Desk research.
According to our analysis, we found that the Ergonomic Chair Market is the A significant increase in office remodeling activities would further support market development as businesses regularly renovate workspaces in commercial and residential spaces to include cutting-edge design components like ergonomic and multifunctional seating systems. Manufacturers expend a lot of time and effort creating multipurpose ergonomic seats that increase comfort during long workdays and optimize space usage. Modern ergonomic chairs are more popular as companies try to encourage effective employee collaboration to boost output. In recent years, there has been a change in workplace furniture and interior design due to the desire for affordable and comfortable amenities in economies. Many companies are now offering health and wellness programs to their employees, which includes providing ergonomic chairs and other ergonomic furniture. This has led to an increase in demand for ergonomic chairs in the corporate sector.
Report Metric | Details |
---|---|
Market size value in 2022 | USD 9.80 billion |
Market size value in 2031 | USD 18.02 Billion |
Growth Rate | 7% |
Base year | 2023 |
Forecast period | 2024–2031 |
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 Ergonomic Chair 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 Ergonomic Chair 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 Ergonomic Chair Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Ergonomic Chair 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: SQMIG25F2052
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