PUBLISHER: The Business Research Company | PRODUCT CODE: 1559129
PUBLISHER: The Business Research Company | PRODUCT CODE: 1559129
A contemporary height-adjustable desk is a modern workstation designed to enable users to switch easily between sitting and standing positions. It features an adjustable mechanism, ergonomic design, and sleek aesthetics to promote better posture and flexibility. These desks improve productivity by allowing users to transition seamlessly between sitting and standing throughout the workday.
The main types of contemporary height-adjustable desks include manual-height adjustable desks, electric-height adjustable desks, and others. Manual-height adjustable desks use a hand crank or lever mechanism to adjust the height, allowing users to manually set the desk to their preferred position for sitting or standing. These desks can be made from materials such as wood, metal, or composites, and are available through both offline and online distribution channels. They are used in various settings, including offices, homes, and other environments.
The contemporary height adjustable desk market research report is one of a series of new reports from the business research company that provides contemporary height adjustable desk market statistics, including contemporary height adjustable desk industry global market size, regional shares, competitors with an contemporary height adjustable desk market share, detailed contemporary height adjustable desk market segments, market trends and opportunities, and any further data you may need to thrive in the contemporary height adjustable desk industry. This contemporary height adjustable desk market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The contemporary height adjustable desk market size has grown steadily in recent years. It will grow from $5.61 billion in 2023 to $5.86 billion in 2024 at a compound annual growth rate (CAGR) of 4.5%. The growth during the historic period can be attributed to several factors, increased awareness of ergonomics, the rising trend of working from home, corporate wellness programs, a heightened focus on workplace productivity, innovations in office space design, and growing concerns over sedentary lifestyles.
The contemporary height adjustable desk market size is expected to see steady growth in the next few years. It will grow to $7.01 billion in 2028 at a compound annual growth rate (CAGR) of 4.6%. The growth anticipated during the forecast period can be attributed to several factors, the expansion of corporate wellness initiatives, the rise of remote and hybrid work models, increasing awareness of health and wellness, higher disposable income, ongoing innovation in ergonomic designs, and improved customization options. Key trends expected to influence the forecast period include ergonomic solutions, technological advancements, the use of sustainability and eco-friendly materials, enhanced customization and aesthetics, and a focus on health and wellness.
The rising demand for remote and flexible work arrangements is expected to drive growth in the contemporary height-adjustable desk market. Remote and flexible work refers to job setups where employees work outside traditional office environments or have the freedom to choose their work hours. This shift is fueled by advancements in technology, such as high-speed internet, cloud computing, and collaboration tools, which enable efficient remote work. Moreover, the increased focus on work-life balance has led many organizations to adopt flexible work policies. Contemporary height-adjustable desks are becoming popular in these settings as they offer ergonomic benefits and facilitate smooth transitions between sitting and standing throughout the day. For example, AT&T Inc., a US-based telecommunications company, projected in February 2022 that the percentage of companies adopting a hybrid work model would rise from 42% in 2021 to 81% by 2024. This trend underscores the growing demand for height-adjustable desks in response to the rise in remote and flexible work.
Key players in the contemporary height-adjustable desk market are focusing on enhancing work style customization through innovations such as electric motors to improve workplace ergonomics and productivity. Electric motors in height-adjustable desks provide adjustable speeds and precise height settings, allowing users to switch between sitting and standing with ease. For instance, in April 2024, Sihoo, a China-based furniture manufacturer, introduced the Sihoo D03 height-adjustable standing desk. This desk features a large, single-piece desktop measuring 140 centimeters by 70 centimeters (55 inches by 28 inches), offering ample space for office essentials. It is equipped with a smooth electric motor for effortless height adjustments and operates quietly at under 50 decibels, ensuring a peaceful work environment. The single-piece design prevents wobbling and provides a stable, secure work surface.
In July 2023, Steelcase Inc., a US-based office furniture and technology provider, acquired Halcon for $127.5 million. This acquisition aims to boost Steelcase's revenue, extend its geographic reach, enhance its product range, improve customer experience, strengthen its market position, and leverage Halcon's growth and investments. Halcon Furniture, a US-based company, specializes in height-adjustable desks and other furniture solutions.
Major companies operating in the contemporary height adjustable desk market are Inter IKEA Systems B.V., MillerKnoll Inc, Steelcase Inc, HNI Corp, Kokuyo Co Ltd., Haworth Inc, Humanscale Corporation, Okamura Corporation, Kimball International Inc, Schiavello International, Loctek Ergonomic Technology Corp, Ergotron Inc, Assmann BURomOBel Gmbh & Co. Kg, Teknion Group, Varidesk LLC, Actiu, Watson Furniture Group Inc., Workrite Ergonomics, Kinnarps AB, Adapt Europe Ltd, Fritz Hansen A/S, PALMBERG Buroeinrichtungen + Service GmbH, OFITA, Gispen, ROHR-Bush GmbH & Co. KG, FLEXISPOT, ConSet A/S
North America was the largest region in the contemporary height adjustable desk market in 2023. The regions covered in the contemporary height adjustable desk market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the contemporary height adjustable desk market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The contemporary height-adjustable desk market consists of sales of pneumatic height-adjustable desks, adjustable desktop converters, fixed-height standing desks with adjustable legs. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Contemporary Height Adjustable Desk Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on contemporary height adjustable desk market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for contemporary height adjustable desk ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The contemporary height adjustable desk market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
The impact of higher inflation in many countries and the resulting spike in interest rates.
The continued but declining impact of COVID-19 on supply chains and consumption patterns.