Report ID: SQMIG25F2052
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.
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Report ID: SQMIG25F2052