Desk Chairs Market: Current Analysis and Forecast (2021-2027)
$3999 – $7577
Emphasis on Type (Movable, Non-Movable); End-User (Residential, Commercial, Institutional); Distribution Channels (Supermarkets & Hypermarkets, Convenience Stores, Online, Other); Region/Country
A surge in the end user’s disposable income is one of the leading factors that is contributing to the growing market of desk chairs, globally. Rising purchasing power in developing countries such as Australia, EU, Mexico, Brazil, India, Thailand, and China is projected to allow consumers to spend more on furniture. As per OCED, the household spending in Canada, China, Denmark, European Union, France, and Germany reached to 1,021,459.5, 9,241,095.5, 139,229.8, 10,785,281.3, 1,561,879.9 and 2,288,541.1 US$ million, respectively. Also, the rising purchasing power is leading to the growing investment in the properties such as houses, villas, and other kinds of residents, which is contributing to the growing demand for artificial plants.
Moreover, a rise in the annual spending on furniture by the consumers is also leading to the promulgating market. As of 2020, the average expenditure per consumer unit on furniture amounted to around USD 534.17 in the United States which was around USD 1,092 in 2019. Furnishings make up a central part of the home goods industry, which itself covers the manufacturing, distribution, and retail of home furniture, household decorative accessories, home furnishings, appliances, cookware, and gardening equipment. The furniture market is comprised of a wide range of product categories including desk chairs. Stationary sofas/sofa-sleepers and bedding are the categories that lead the way in terms of consumer spending. Moreover, the presence of key 0lacers across the region is leading to the growth of the market.
Herman Miller Inc., IKEA, Steelcase Inc., Haworth Inc., Okamura Corporation, HNI Corporation, La-Z-Boy Inc., Vitra, Kimball International, and Kl, etc. are some of the prominent players operating in the Desk Chairs market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products.
Insights Presented in the Report
“Amongst Type, Movable segment holds the major share”
Based on the type, the market is fragmented into Movable and Non-Movable. The movable chair segment grabbed the major market share and dominated the market. The segment captured XX% market share in 2020. The advent of the Ergonomic Chair is leading to the growing market of this segment. The benefits of ergonomic chairs such as posture Support reducing Neck Pain, Helping with Back Pain, Relieves Hip Pressure, and improved blood circulation, etc. are leading to the growth of the market.
“Amongst End-User Type, Commercial segment holds the major share”
Based on the End-User, the market is fragmented into Residential, Commercial, and Institutional. The commercial segment grabbed the major market share and dominated the market. The segment captured XX% market share in 2020. The segment is witnessing an uptick owing to the rising number of co-working spaces and the rising number of offices. As per JLL, the total number of co-working offices is expected to reach 41,975 in 2024 up from 16,599 in 2018. Moreover, 77% of the coworking operators surveyed said they plan to expand by opening new locations. However, the WFH culture due to pandemics would boost the share of the residential segment as well.
“Amongst Distribution Channel, Hypermarkets & Supermarkets segment holds the major share”
Based on the distribution channel, the market is fragmented into Supermarkets & Hypermarkets, Convenience Stores, Online, and Other. The supermarkets and hypermarkets segment grabbed the major market share and dominated the market. The key factors attributed to the growing share of the segment is the availability of numerous brands under one roof, expanding supermarkets and hypermarket chains, etc.,
“North America represents one of the largest markets of Desk Chairs market”
For a better understanding of the market dynamics of the Desk Chairs market, a detailed analysis was conducted for different regions across the globe including North America, Europe, Asia Pacific, and the Rest of the world. North America dominated the market and generated the leading revenue share in 2020 owing to the availability of Desk Chairs manufacturers in abundance and new launches are some of the factors that are contributing to the growth of the market.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts
- The report presents a quick review of overall industry performance at one glance
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry
- The study comprehensively covers the market across different segments
- Deep dive regional level analysis of the industry
The Desk Chairs Market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
You can also purchase parts of this report. Do you want to check out a section wise
|1.4.||Currency used in Report|
|2.1.||Research Process of the Desk Chairs Market|
|2.2.||Research Methodology of the Desk Chairs Market|
|2.5.||Main Objective of the Desk Chairs Market Study|
|3. MARKET SYNOPSIS|
|4. EXECUTIVE SUMMARY|
|5||GLOBAL Desk Chairs MARKET COVID-19 IMPACT|
|6||GLOBAL Desk Chairs MARKET REVENUE, 2019-2027F|
|9.1.||Supermarkets & Hypermarkets|
|10.1.||North America Desk Chairs Market|
|10.1.3.||Rest of North America|
|10.2.||Europe Desk Chairs Market|
|10.2.6.||Rest of Europe|
|10.3.||Asia Pacific Desk Chairs Market|
|10.3.6.||Rest of Asia Pacific|
|10.4.||Rest of World Desk Chairs Market|
|12||Desk Chairs MARKET OPPORTUNITIES|
|13||Desk Chairs MARKET TRENDS|
|14||LEGAL & REGULATORY FRAMEWORK|
|15.1.||Demand Side Analysis|
|15.2.||Supply Side Analysis|
|15.2.1.||Top Product Launches|
|15.2.2.||Top Business Partnerships|
|15.2.3.||Top Business Expansions, Investments and Divestitures|
|15.2.4.||Top Merger and Acquisitions|
|16||VALUE CHAIN ANALYSIS|
|17.1.1.||Company Shares, By Revenue|
|18.1.||Herman Miller Inc.|
Analyzing the historical market, estimation of the current market, and forecasting the future market of the Desk Chairs Market were the three major steps undertaken to create and analyze the demand for Desk Chairs across major regions. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the Desk Chairs market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/ bottom-up approach to forecast the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detailed secondary study was conducted to obtain the historical market size of the Desk Chairs through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the Desk Chairs market, we conducted a detailed secondary analysis to gather historical market insights and share for type, end-user, and distribution channel for major regions. Major segments included in the report are type and distribution channels. Further region and country-level analyses were conducted to evaluate the overall adoption of Desk Chairs across the globe.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the Desk Chairs. Further, we conducted factor analysis using dependent and independent variables such as the rise in disposable income, rising commercial and office spaces, etc., A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, merger and acquisition, business expansion, and product launches in the Desk Chairs industry across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the Desk Chairs market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weightage was assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e. bottom-up/ top-down approach was applied to arrive at the market forecast about 2027 for different segments and subsegments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of value (US$) and the adoption rate of Desk chairs across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the Desk Chairs market in terms of services offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, and Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers of each segment and sub-segment of the Desk Chairs market. Data was split into several segments sub-segments post studying various parameters and trends in the areas of type, end-user, and distribution channel of the Desk Chairs market.
Main Objective of the Desk Chairs Market Study
The current & future market trends of Desk Chairs were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments from the qualitative and quantitative analysis performed in the study. Current and future market trends were determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit as a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of Desk chairs in terms of value (US$). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type, end-user, and distribution channel
- Define and analysis of the regulatory framework for the Desk Chairs industry
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry
- Analyze the current and forecast market size of the Desk Chairs market for the major countries
- The major region studied in the report includes North America, Europe, Asia- Pacific, and the Rest of the World.
- Company profiles of the Desk Chairs market and the growth strategies adopted by the market players to sustain in the fast-growing market
Deep dive regional level analysis of the industry