DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/m8v37p/global_home) has announced the addition of the "Global Home Office Furniture Market 2015-2019" report to their offering.
The global home office furniture market to grow at a CAGR of 5.58% during the period 2014-2019.
The report, Global Home Office Furniture Market 2015-2019, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers Europe, North America, APAC, and MEA; it also covers the global home office furniture market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Increased penetration of the Internet and a rise in the use of smartphones and consumer banking systems have led to the growth of e-commerce. Therefore, most furniture manufacturers feel encouraged to sell their products online as e-commerce is gaining traction worldwide. Vendors such as Herman Miller sell furniture both online and through brick-and-mortar stores. Online retail stores also reduce the cost incurred for inventory and rental space. They are also available 24/7 and thus offer convenience to consumers in purchasing products over the Internet from anywhere. Vendors can also share digital catalogs of their products through this channel. Other advantages of online retailing such as easy returns and exchange are also expected to boost market growth.
According to the report, setting up a home office has become easier and more affordable. The availability of high-speed Internet, declining cost of computers, and availability of software that allows virtual meetings have contributed to this scenario. Home offices need to boost productivity, so they need to be well lit, well powered, well equipped and well furnished. With a growing number of people working from home, the demand for modular units and prefabricated structures that economize on space is increasing.
Further, the report states that a shortage of skilled labor in the furniture manufacturing industry because the aging workforce is retiring and manufacturing jobs appeal to few young people.
To calculate the market size, the report considers revenue generated from the retail sales of the following types of home office furniture:
- Storage units and files
- Ashley Furniture Industries
- Inter IKEA Group
- Sears Holdings
Other Prominent Vendors
- Herman Miller
- Kimball International
- KOKUYO Furniture
- Poltrona Frau
For more information visit http://www.researchandmarkets.com/research/m8v37p/global_home