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The contemporary height-adjustable desk market size is estimated to grow at a CAGR of 6.02% between 2023 and 2028. The market size is forecast to increase by USD 4.17 billion. The growth of the market depends on several factors such as the growing demand for modern height-adjustable desks, the growing health-conscious culture, and the technological advancements in height-adjustable desks.
The report includes a comprehensive outlook on the Contemporary Height-Adjustable Desk Market, offering forecasts for the industry segmented by Application, which comprises home, and office. Additionally, it categorizes Type into manual height-adjustable desk and electric height-adjustable desk, and covers Geography regions, including North America, Europe, APAC, South America, and Middle East and Africa. The report provides market size, historical data spanning from 2018 to 2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The growing demand for modern height-adjustable desks is the key factor driving market growth. The growth of the global economy and the rise in the importance of workspace aesthetics have fueled the demand for contemporary height-adjustable desks across the globe. Developing countries such as China and India are estimated to witness major growth due to their growing economies and the rising number of technology parks. The focus on aesthetics is further boosting the growth of the global contemporary height-adjustable desk market.
Furthermore, leading players in the global contemporary height-adjustable desk market that provide modern furniture include Herman Miller and HNI. Moreover, the modern desk is characterized by innovative designs and technologically advanced production practices. Modern desks are priced higher than traditional furniture. Therefore, the growing use of such desks drives the global contemporary height-adjustable desk market growth during the forecast period.
Multifunctional height-adjustable desks are the primary trend shaping market growth. With the increase in the population, mainly in urban areas, real estate prices have been increasing significantly over the last decade. This has led to a substantial reduction in the availability of space to construct homes. Hence, the demand for portable and compact furniture solutions that match furnishing requirements is high. market players are coming up with multifunctional and multi-purpose height-adjustable desks to cater to the evolving demand of consumers.
Moreover, some of the benefits of multi-purpose height-adjustable desks such as improved mental focus reduced joint and muscle movement, and boosted productivity. Consequently, some products are expected to create opportunities for multifunctional height-adjustable desks in the effective utilization of interior spaces. Hence, this increase in the demand for multifunctional height-adjustable desks among end-users is anticipated to drive market growth during the forecast period.
Continued use of conventional tables is a challenge that affects market growth. Some of the other features of conventional tables include these tables can be ergonomically designed that reduce fatigue during prolonged working hours, thus helping employees to concentrate, top surfaces of various shapes, and several geometries of folding tables can be collapsed into a smaller volume (e.g., a TV tray, which is a portable folding table on a stand).
Moreover, conventional tables are available in a huge range of sizes, from small bedside tables to large dining room tables and huge conference room tables. Expansion of the table surface by insertion of leaves or locking hinged drop leaf sections into a horizontal position. Thus, the continued use of conventional tables will impede the growth of the market in focus during the forecast period.
The market research report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Contemporary Height-Adjustable Desk Market Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
The research report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The home segment is estimated to witness significant growth during the forecast period. Home height-adjustable desks promote a healthier lifestyle by reducing prolonged sitting. Users can easily switch between sitting and standing positions, helping to prevent the negative health effects associated with prolonged sitting, such as back pain, obesity, and cardiovascular issues. Height-adjustable desks provide flexibility, allowing users to tailor their workspace to tasks and preferences.
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The home segment was the largest and was valued at USD 5.62 billion in 2018. With the rise of remote work, height-adjustable desks offer a solution for creating a productive and ergonomic home office environment, helping individuals maintain a healthy work-life balance. Consequently, contemporary height-adjustable desks in home settings provide a range of benefits, from promoting physical health and well-being to enhancing productivity and creating a versatile and comfortable workspace. Thus, such factors will drive the growth of the home segment and impel the growth of the market during the forecast period.
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North America is estimated to contribute 33% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. The growing economy and demand for office spaces, as well as the rapid shift in the work culture, are compelling companies in North America to invest in modern height-adjustable desks. The major vendors operating in North America are Herman Miller, HNI, Steelcase, Haworth Inc. (Haworth), and Knoll. The US has high growth potential in the contemporary height-adjustable desks market in North America during the forecast period. The increase in corporate activities is expected to fuel the growth of the contemporary height-adjustable desks market in North America.
The contemporary height-adjustable desk market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Contemporary Height-Adjustable Desk Market Scope |
|
Report Coverage |
Details |
Page number |
163 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 6.02% |
Market Growth 2024-2028 |
USD 4.17 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
5.06 |
Regional analysis |
North America, Europe, APAC, South America, and Middle East and Africa |
Performing market contribution |
North America at 33% |
Key countries |
US, China, India, Germany, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Adapt Europe Ltd., ASSMANN BUROMOBEL GMBH and CO. KG, Fellowes Inc., Gispen Nederland BV, Haworth Inc., HNI Corp., Houzz Inc., Inter IKEA Holding BV, KI, KOKUYO Co. Ltd., Okamura Corp., PALMBERG Buroeinrichtungen Service GmbH, Schiavello International, Steelcase Inc., Teknion Group, Virtual Expo Group, Watson Commercial, Workrite Ergonomics, MillerKnoll Inc., and Kimball International Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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