The Chair Market is being driven by Health-related benefits of using gaming chairs
The Chair Market is expected to grow at a CAGR of 7.8% during 2024 and 2029. During this period, the market is also expected to show a growth of USD 20446.6 million. In today's fast-paced world, consumers are increasingly turning to online shopping due to time constraints. Online chair retailers benefit from lower overhead costs, enabling them to offer competitive pricing. International and national competitors in the chair market capitalize on this trend, expanding their reach through e-commerce platforms. Online retailing not only provides convenience but also allows companies to effectively promote their products and build brand image. The chair market has experienced significant growth in the e-retail segment, with an increasing number of online platforms offering a vast selection of chairs to meet consumer demand.
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The market is segmented based on
According to Technavio, There are several factors that are causing the market to flourish during the forecast period, which are as follows:
However, the market also witnesses some limitations, which are as follows:
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Market Scope |
|
Report Coverage |
Details |
Page number |
0 |
Base year |
2024 |
Historic period |
2019-2023 |
Forecast period |
2025-2029 |
Growth momentum & CAGR |
Accelerate at a CAGR of 7.8% |
Market growth 2025-2029 |
USD 20446.6 million |
Market structure |
market_structure.ucfirst |
YoY growth 2024-2025(%) |
6.6 |
Key countries |
US, China, Japan, India, Canada, South Korea, UK, Germany, Australia, and France |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
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The Office Furniture Market, specifically the Chair Market, underwent an Economic Impact Study revealing significant contributions to both domestic and international manufacturers. Online sales and social media are transforming sales channels, with swivel chairs and adjustable models in high demand. Steel and plastic chairs cater to commercial and residential workspaces, while ergonomic innovations address neck pressure. Capital investments in office infrastructure continue, with lead times and product customizations influencing imports versus made-to-stock varieties. Retailers, including those with exclusive stores and retail outlets, compete with corporate hubs and international brands. Prices remain a crucial factor in this dynamic market.
The office furniture market, a segment of the broader household durables industry, is experiencing significant growth, according to an Economic Impact Study by Technavio. This expansion is attributed to several factors, including the rise of remote work and the increasing popularity of ergonomic chairs, such as swivel and adjustable models. Domestic manufacturers are capitalizing on this trend, with many investing in advanced materials like steel and plastic to produce high-quality, cost-effective products. Online sales and social media marketing have also become essential channels for reaching consumers, enabling businesses to expand their customer base and increase revenue. The global office furniture market is expected to grow steadily, driven by the increasing number of commercial establishments and the shift towards flexible work arrangements.. Industries are leveraging the products belonging to the market for customer engagement, transactional notifications, and promotional offers.
Technavio Research
Jesse Maida
Media & Marketing Executive
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UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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