Standing Desk Market Report Overview
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global standing desk market size was USD 6654.6 million in 2022 and market is projected to touch 12868.7 Million By 2031, exhibiting a CAGR of 7.6% during the forecast period.
Standing desks refer to ergonomic furniture designed for working, writing, and understanding while stand-up or sitting on a high lean chair. People using this have informed of feeling more energetic and productive as compared to sitting posture. Likewise, using these desks has proven to be effective on back and neck pain foremost to better health of the people. The demand for the product is foreseen to be motivated by the rising acceptance of ergonomic furniture across different uses. Furthermore, growing health issues related to inactive lifestyle is another major factor pushing people towards adopting, importantly at their workplaces.
Manufacturers around the world are witnessing a rise in demand. The benefits of using include improved vitality levels, enhanced attitudes, and better focus. It is becoming more popular in the workplace as research shows they can lead to better health conclusions. Adoption of work from home has rushed the demand which expected to lead the market during the forecast period. A huge number of people are using due to several health benefits. Hence, this desk has become more active and creative as compared to the sitting desk posture. People with spinal or neck discomfort like to use so that gives them comfort in their body position. Thus, the demand for these desks is rising universally. The market is estimated to be motivated by the rising adoption of various kinds of product. Key factor hampering the market is a lack of understanding of the benefits of numerous types of desks among these people. Hence, suitable alertness is more needed for a huge varied number of customers. Individual’s concerns about spinal ache contributed to the development of the market.
COVID-19 Impact: Pandemic hampered the market due to disruption in supply chain.
The outbreak of the COVID-19 pandemic negatively impacted the international market due to widespread lockdowns numerous times. This matter clogged all the key players and the manufacturing market of desks to manufacture new productions. Furthermore, this pandemic also stopped both the production as well as the supply chain of raw materials, lack of labour, which affected business.
Latest Trends
"Use of advance technology to boost the market growth "
The need for supple ease desks has produced number of opportunities for companies to create comfort desks with innovative features that provide superior comfort. Growing individuals work output have encouraged companies to develop innovative products. Companies constantly focus on launching new and advanced technology products to reinforce their base in the market. Advanced productions are in the demand currently hence, resident and worldwide performers are producing these desks due to this mounting request, which would also boost the market growth internationally. Various key performers internationally are trying to use some business policies such as mergers and acquisitions to stay ahead in the worldwide market.
Standing Desk Market Segmentation
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- By Type Analysis
According to type, the market can be segmented into adjustable standing desk, stationary standing desk
Adjustable standing desk capture the maximum market share through forecast period.
- By Application Analysis
According to application, the market can be segmented commercial, household
Standing desk market players cover segment as commercial will dominate the market share during forecast period.
Driving Factors
"Awareness of health to increase the revenue growth of the market"
The rising existence of obesity and health problems such as diabetes and heart diseases is anticipated to boost the demand for desks. Additionally, the rising tendency of open office arrangements is projected to create new prospects for market growth also approval of these desks in the commercial sector is driving the market growth. Demand for ergonomic office furniture and the mounting concern about worker health are some of the reasons forcing the demand for these desks in the company segment. There are several major factors such as their ability to decrease interruption and increase performance.
"Product enhancement to lift the market growth."
People are now becoming more aware about their position during the operational hours and these desks are benefits from long sitting hours. It helps to increase productivity, improve decision making skills, accuracy, and creativity and is able to complete the task quickly with better result.
Restraining Factors
"High cost associated with the product to hamper market growth"
High cost of the products price hampers the market growth. Various under-developing nations and their key players are not receiving enough funds to produce this kind of desk for their people. Also, individuals from this area cannot afford for in the worldwide trade market as these are costly products for them. Due to the short income of people in these under-developing countries, the market is expected to witness some limitations.
Standing Desk Market Regional Insights
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"North America to dominate due to increase in demand of product"
North America to dominate the market. The chief market share is in North America due to individuals increasing alertness and inspiration toward their health. Standing desks market now is set to witness healthy growth during the forecast period. Asia Pacific region is likely to record the highest growth rate in the worldwide market as people are becoming more careful about their postures during working hours which is generating high market demand in the region and growing market share.
Key Industry Players
"Key Players Focus on Partnerships to gain competitive advantage."
The key players are dynamically contributing in strategic events that are aimed at maintaining strong market position and increasing market share by merger, partnerships and others. Key players are motivated to introduce new innovative products. They are spending severely on research and development in order to arise with more new technology so that they can maintain and improve their existing market. The market changes are dynamic such as market expansion, partnership and merger.
List of Market Players Profiled
- Steelcase (U.S.)
- Ergotron (U.S.)
- Okamura (Japan)
- Herman Miller (U.S.)
- Humanscale (U.S.)
Report Coverage
The report provides scrutiny and information according to market sectors. Business overview, financial overview, product portfolio, new project launch, recent development enquiry are the factors included in the profile. The report incorporates completely examined and appraised evidence of the noticeable players and their position in the market by methods for various descriptive tools. The report covers national and regional level market size and forecast. The report gives businesses the facility to research new prospect in many areas. The report proves to be an operative instrument that performers can use to achieve a competitive authority over their challengers and ensure durable success in the market.
REPORT COVERAGE | DETAILS |
---|---|
Market Size Value In |
US$ 6654.6 Million in 2022 |
Market Size Value By |
US$ 12868.7 Million by 2031 |
Growth Rate |
CAGR of 7.6% from 2022 to 2031 |
Forecast Period |
2024-2031 |
Base Year |
2023 |
Historical Data Available |
Yes |
Regional Scope |
Global |
Segments Covered |
Type and Application |
Frequently Asked Questions
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What value is the standing desk market expected to touch by 2031?
Standing desk market is expected to touch USD 12868.7 Million By 2031.
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What CAGR is the standing desk market expected to exhibit during 2024-2031?
Standing desk market is expected to exhibit CAGR of 7.6% during 2024-2031.
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What are the driving factors of the Market?
People are now becoming more aware about their position during the operational hours and these desks are benefits from long sitting hours. It helps to increase productivity.
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Which are the key players or most dominating companies functioning in the market?
The dominating companies in the market are Steelcase, Ergotron, Okamura, Herman Miller, and Humanscale.