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The ergonomic chairs market share is expected to increase by USD 3.73 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 5.08%.
This ergonomic chairs market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers ergonomic chairs market segmentation by type (2-3 degree of freedom adjustment and more than 3 degree of freedom adjustment) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The ergonomic chairs market report also offers information on several market vendors, including Damro Furnitures Pvt. Ltd., Durian Pvt. Ltd., Ergo lab, Eurotech Design Systems Pvt. Ltd., Featherlite, GM Seaing LLC, Haworth Inc., Herman Miller Inc., HNI Corp., Kimball International Inc., Nilkamal Ltd., Okamura Corp., PSI Seating Ltd, Steelcase Inc., Stellar Global, Teknion Group, TOPSTAR GMBH, True Innovations, UE Furniture Co. Ltd, and Zivella among others.
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The surge in the number of startups is notably driving the ergonomic chairs market growth, although factors such as uncertainty in the prices of raw materials may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the ergonomic chairs industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Ergonomic Chairs Market Driver
The surge in the number of startups is one of the key factors driving the ergonomic chairs market growth. Favorable governmental policies have fueled the growth of startups across the globe, which has witnessed the entry of many new entrepreneurs. The emerging startup environment would lead to an increase in office spaces and tech parks. This is expected to contribute to an increase in demand for ergonomic chairs during the forecast period. The key city for entrepreneurship activities with the fastest global rate is Silicon Valley. Moreover, emerging startup companies are expected to further fuel the growth of the market during the forecast period.
Key Ergonomic Chairs Market Trend
The emergence of ergonomic gaming chairs is one of the key ergonomic chairs market trends fueling the market growth. For instance, Clutch Chairz offers gaming chairs such as the Crank Series Echo Green gaming chair that is ergonomically designed and comes with contoured lumbar support. Similarly, in November 2019, CORSAIR launched a T3 RUSH gaming chair with ergonomically designed adjustable height and tilted backrest. These chairs help gamers improve their posture and increase their effective sitting time. Furthermore, these chairs offer full-size lumbar support to enable gamers to spend long hours without affecting their spinal health. Thus, the emergence of ergonomic gaming chairs will have a positive impact on the market during the forecast period.
Key Ergonomic Chairs Market Challenge
Uncertainty in the prices of raw materials is one of the factors limiting the ergonomic chairs market growth. The cost of wood particleboard has increased because of volatility in input and transportation costs, as well as the continued downsizing of production capacities by furniture manufacturers. In the past, the profit margins of market competitors were negatively affected because of the narrowing gap between production cost increment and vendors' ability to increase the prices of their products in the market. All these factors collectively have had a negative effect on the profitability of the ergonomic chairs market, resulting in a decline in growth. Such factors will hamper the growth of the market during the forecast period.
This ergonomic chairs market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global ergonomic chairs market as a part of the global leisure products market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the ergonomic chairs market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the ergonomic chairs market encompasses successful business strategies deployed by the key vendors. The ergonomic chairs market is fragmented, and the vendors are deploying growth strategies such as technological innovations and partnerships to compete in the market.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments while maintaining their positions in the slow-growing segments.
The ergonomic chairs market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.
Our report provides extensive information on the value chain analysis for the ergonomic chairs market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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49% of the market’s growth will originate from APAC during the forecast period. China and India are the key markets for the ergonomic chairs market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rise in the number of office spaces in Australia will facilitate the ergonomic chairs market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID-19 Impact and Recovery Analysis
In 2020, the ergonomic chairs market witnessed a slowdown due to the outbreak of COVID-19. However, the market started recovering and manufacturing units for ergonomic chairs resumed production post-2021 due to increased demand for the product from end-users. Such factors will fuel the growth of the market during the forecast period.
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The ergonomic chairs market share growth by the 2-3 degree of freedom adjustment segment will be significant during the forecast period. The 2-3 degree of freedom adjustment segment is expected to witness significant growth in terms of revenue when compared to the more than 3 degrees of freedom adjustment segment in the global ergonomic chairs market during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the ergonomic chairs market size and actionable market insights on the post-COVID-19 impact on each segment.
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Ergonomic Chairs Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.08% |
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Market growth 2022-2026 |
$3.73 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
4.92 |
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Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
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Performing market contribution |
APAC at 49% |
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Key consumer countries |
US, China, India, Germany, and Italy |
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Competitive landscape |
Leading companies, Competitive Strategies, Consumer engagement scope |
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Key companies profiled |
Damro Furnitures Pvt. Ltd., Durian Pvt. Ltd., Ergo lab, Eurotech Design Systems Pvt. Ltd., Featherlite, GM Seaing LLC, Haworth Inc., Herman Miller Inc., HNI Corp., Kimball International Inc., Nilkamal Ltd., Okamura Corp., PSI Seating Ltd, Steelcase Inc., Stellar Global, Teknion Group, TOPSTAR GMBH, True Innovations, UE Furniture Co. Ltd, and Zivella |
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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. |
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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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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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