Home Office Furniture Market Report UK 2024-2028
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The 16th edition of the Home Office Market Report – UK 2024-2028 features an insightful view on the implications for suppliers and product manufacturers of the changes in the industry. This new report will incorporate industry views on the increasing nationwide shift towards homeworking. It includes granular views of market size and share, forecasting, market influences and drivers, market segmentation, overviews and more. With the increasing number of workers operating out of their own home office, manufacturers of home office supplies need to keep up with market demand.
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Market Summary
The report includes a granular view of the market and includes key areas such as:
- Market size by value 2019 to 2028, rates of change
- Market prospect including the main factors influencing growth in the Home Office market for suppliers, manufacturers, and distributors
- International trade evolution
Market Influences and Drivers
- Market influences and drivers presented under a PESTLE analysis
- The evaluation includes an assessment of the implications caused by the UK Government policies (post-Brexit), economic uncertainty, social changes in the housing sector such as new demographic, and technological, legal, and environmental developments
Market Forecasts
In the next five years, we anticipate a slow increase in the Home Office Furniture market, due to ongoing economic uncertainty which will more harshly impact 2024 than the following years. Homeworking is nonetheless predicted to grow. However, Imports and online retail could absorb demand if they manage to retain their cost-competitiveness.
The report includes:
- UK Home Office Furniture market view and forecast to 2028, rates of change
- Summary of market prospects and principal influencers
The UK Home Office Furniture market shifted since the pandemic which induced an increase in home working. Nonetheless, economic factors, such as the weak UK economy and increase of import penetration, are changing the UK Home Office Furniture market prospects.
The market demand is changing, and sub-products in the home office sector are not equally consumed. An ever-growing demand for flexibility and technologically advanced is shifting product types and sectors’ attractivity. To avoid being negatively impacted by this phenomenon, manufacturers, suppliers, and distribution channels will have consider these market changes.
After strong market fluctuations between 2019 and 2023, the market is expected to stabilize itself following 2023. To ensure growth, the UK market ought to remain weary about the cost-competitiveness of imports, which strength is reinforced by current high cost of living.
Opportunities arise in shifts happening in the construction industry. Whilst construction output for new offices is expected to slow down in the next few years, an increase in flexible working is predicted, thus positively impacting the demand for home office furniture. Further, despite weak economic conditions slowing down new housing construction output in the UK, we expect the demand for home offices to grow in the residential sector.
Product Subsectors
Breakdown of the market by Home Office Furniture product types:
- Flat Pack
- Rigid
Individual product sectors:
- Home Desking
- Home Office Seating
- Home Office Storage
Review of the factors and trends influencing product types and sectors’ market shares, and analysis of changes within product sectors.
Overview and company profiles of the important home office furniture suppliers.
Distribution
Includes a review of the Distribution structure, underlining channels’ market share and an assessment of their recent development.
Major Suppliers and Key Industry Players in the Report
- DAMS Internal Ltd
- Tvilum A/S
- Boss Designs Ltd
- Teknik Office Ltd
- Julian Bowen Ltd
- Nautilus Designs Ltd
- Alphason Designs Ltd
- Hofy Ltd
- Ebonium Ltd
- Sharps Bedrooms Ltd
- Hammonds Furniture Ltd
- Neville Johnson Ltd
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- Detailed assessment of the market – analysis of the market structure and recent developments within the market.
- Market prospects up to 4 years – market value, opportunities, impact of Covid-19, Brexit etc.
- Detailed information – market size, influences, market factors and key players.
- Analysis by product group – market size, product mix, sector trends etc.
