Asia-Pacific Free Standing Electrical Height-Adjustable Tables Market, By Type (Single Motor, and Dual Motor), Application (Offices, Commercial, Industrial, and Home), Sales Channel (Specialty Stores, Supermarkets and Hypermarkets, Online Retail and Others) - Industry Trends and Forecast to 2029.
Asia-Pacific Free Standing Electrical Height-Adjustable Tables Market Analysis and Size
The Asia-Pacific free standing electrical height-adjustable tables market is being driven by the numerous benefits they offer to both companies and employees. The market for contemporary height-adjustable desks is also being driven by an increase in demand for contemporary height-adjustable workstations. The human body naturally works best when it is in a comfortable position, especially during regular office work hours. This improves general health, which creates a market opportunity for modern height-adjustable desks. While the primary factor limiting the Asia-Pacific free standing electrical height-adjustable tables market is due to the increase in demand for substitutes indicated above are higher. As a result of the rising demand for free standing electrical height-adjustable tables so, growers are putting more effort into manufacturing new designs and new models. The market's expansion is ultimately aided by these choices.
Some of the factors which are driving the market growth are the trend of hybrid working or work-from-home culture and shift of consumer preference towards electrically powered furniture, and the eco-friendly nature of the product. However, limitations in terms of the enormous price difference between smart furniture products and traditional furniture hamper the growth of the market.
Data Bridge Market Research analyses that the Asia-Pacific free standing electrical height-adjustable tables market will grow at a CAGR of 7.5% during the forecast period of 2022 to 2029.
|
Report Metric
|
Details
|
|
Forecast Period
|
2022 to 2029
|
|
Base Year
|
2021
|
|
Historic Years
|
2020 (Customizable to 2019-2014)
|
|
Quantitative Units
|
Revenue in USD Million, Volumes in Thousand Units, Pricing in USD
|
|
Segments Covered
|
By Type (Single Motor, and Dual Motor), Application (Offices, Commercial, Industrial, and Home), Sales Channel (Specialty Stores, Supermarkets and Hypermarkets, Online Retail and Others)
|
|
Regions Covered
|
China, Japan, India, Australia & New Zealand, Singapore, Indonesia, Thailand, South Korea, Malaysia, Philippines, Taiwan and rest of Asia-Pacific
|
|
Market Players Covered
|
Conen Products Gmbh, Conset America, Asia-Pacific Furniture Group, Hni Corporation, Schiavello, Ki, Fellowes Brands, Ofita, Rol Ab, Palmberg Okamura Corporation., Kimball International, Steelcase Inc., Gispen, Ergomaster, Ceka, Röhr-Bush Gmbh & Co. Kg, KOKUYO CO., LTD., ACTIU Berbegal y Formas S.A., and Haworth Inc., among others.
|
Market Definition
Free standing electrical height-adjustable tables that help users alter their height. The back muscles and neck are very relaxed, with sufficient desk mobility. A contemporary option for the spine, knees, and ankles is a height-adjustable table. Additionally, it fosters users' concentration and imagination. A height-adjustable table that can be modified for both sitting and standing is healthier than one that can only be used for sitting. Negative health impacts have been connected to extended stays. Small tabletop models that can be added to or removed from a current desk to shift between standing and sitting are another option for sit-stand workstations.
Free Standing Electrical Height-Adjustable Tables Market Dynamics
This section deals with understanding the market drivers, opportunities, restraints, and challenges. All of this is discussed in detail as below:
Drivers:
- Grow IN awareness in Modern organizations about the health risks brought on by employees' bad posture in the workplace
Poor posture, for instance, can lead to a wide range of health problems by putting unnecessary strain on joints and muscles. This causes overwork and tiredness, which can result in chronic discomfort. As a result, musculoskeletal diseases (MSDs) such as tendonitis or carpal tunnel syndrome may develop. Muscles, blood vessels, nerves, ligaments, and tendons can all be affected by these conditions. Now a day’s, people are more aware of these health issues due to bad posture during office hours. Hence, organizations provide facilities like free standing electrical height-adjustable tables, which provide good posture during working hours. Therefore, the employees don’t face many health problems related to bad posture.
For instance,
- In May 2022, Aayuv Technologies Private Limited published a blog on “Employee health & wellbeing: Do they matter for the company's growth?”. It reveals that in recent days most of the organizations are providing the best infrastructures due to increasing demand for employers who are more aware about their health consciousness
Modern organizations conduct awareness programs and provide better facilities in the office due to this rise in awareness about the drastic health effects of bad posture in modern organizations. This directly acts as a driver and helps the market growth.
- The increasE IN adoption OF ergonomic furniture in a wide range of applications
Ergonomics is the practice of creating the workplace to meet the demands of the worker rather than forcing the worker to adjust to the workplace. A good ergonomic design has been proven to improve work quality and output while also improving worker wellbeing. Unlike traditional office furniture, ergonomic chairs keep the user's body in a secure and upright position, reducing stress on the spine, neck, and hips. This is accomplished through the use of a headrest to support the neck and shoulders, as well as a backrest to maintain the natural curve of the spine. Another increasing trend in ergonomics that is quickly becoming mandatory in certain companies is the sit-stand desk, which is intended to get employees up and moving more. Due to the increasing adoption, people are interested in using various applications.
For instance,
- ImageWorks Commercial Interiors published insight on “What You Need to Know About The Future of Ergonomic Office Furniture.” Modern technology and creative designs are already present in the ergonomic office furniture that is now available, but that doesn't mean that there isn't always potential for development. The future of ergonomic office furniture is brimming with innovative ideas that have the potential to fundamentally alter the way that office furniture is made
There is a wide range of applicability in the market, and in the future also, the applications will increase day by day by using advanced technology will help the market grow.
RESTRAINTS
- The high expense of smart furniture versus regular furniture
Smart furniture is not regular furniture like chairs, desks, and tables, and it is more in modern designs for homes and offices that have an intelligent system or are controlled by a controller. So, its raw material sourcing and manufacturing require high investments, so the ultimate price of the product is higher than regular furniture, because of this reason many consumers avoid purchasing smart furniture like free standing electrical height-adjustable tables.
Therefore, it is anticipated that the enormous price difference between smart furniture products and traditional furniture will significantly hinder the market's expansion.
OPPORTUNITIES
- Increasing openings of retail storeS for physical experience
Customers prefer to visit retail stores to gain a better understanding of furniture products. In recent years, numerous new retail stores with varied branch names have been erected in various locations. The majority of customers in each and every region will be able to access these different branches. Employees will benefit greatly from this simple accessibility, as well as the business itself, by generating more sales.
For instance,
- In June 2022, IKEA opens first big box format store in Bengaluru; to invest Rs 3000 crore in Karnataka. This helps IKEA to increase its sales
This increasing installments of new retail stores will create many opportunities for employees and for companies which helps the market growth.
CHALLENGES
- High cost of raw material
Most consumers these days favor high-quality goods. High-quality raw materials are needed to produce high-quality goods, which is a prerequisite in the manufacturing process. However, the cost of high-quality raw materials is exorbitant, and only a small number of investors are willing to make that kind of investment. The majority of businesses aren't exhibiting interest in investing in these sectors as a result of the high cost of excellent raw materials.
For instance,
- In August 2021, Henkel published an article on “Furniture industry news: How a raw material cost increase could change the furniture industry as we know it?”. It tells that the high price of raw materials during the COVID-19 pandemic due to less availability leads to increasing prices of the final furniture products
Therefore, the main challenge in the market may be caused by these high raw material prices.
Post-COVID-19 Impact On Asia-Pacific Free Standing Electrical Height-Adjustable Tables Market
Post the pandemic, the demand for free standing electrical height-adjustable tables has increased as there won't be any restrictions on movement; hence, the supply of products would be easy. The persistence of COVID-19 for a longer period has affected the supply chain as it got disrupted, and it became difficult to supply furniture products to consumers, initially increasing the demand for products. However, post-COVID, the demand for Free standing electrical height-adjustable tables has increased significantly owing to improves general health and productivity at work.
Recent Developments
- In July 2022, ACTIU Berbegal y Formas S.A. aim was to innovate to be at the top of the class. The company designs working spaces for the students in the classroom for better study and learning by providing agile and comfortable furniture. The development of advanced technologies has led to good facilities for learning, which will attract other learning institutes to adopt the same. This help in the market growth
- In 2019, Conen Produkte GmbHlaunched a height adjustable mount that is a new trend and also developed in tables that has a great effect on the market in both the sectors for tables as well as mounts, leading to an increase in the market of the company. These techniques also help to table market increase because they involve the same techniques
Asia-Pacific Free Standing Electrical Height-Adjustable Tables Market Scope
The Asia-Pacific free standing electrical height-adjustable tables market is segmented into three notable segments based on type, application, and sales channel. The growth amongst these segments will help you analyse major growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
TYPE
- Single Motor
- Dual Motor
On the basis of type, the Asia-Pacific free standing electrical height-adjustable tables market is segmented into single-motor, and dual motor.
APPLICATION
- Offices
- Commercial
- Industrial
- Home
On the basis of application, the Asia-Pacific free standing electrical height-adjustable tables market is segmented into offices, commercial, industrial, and home.
SALES CHANNEL
- Specialty Stores
- Supermarkets And Hypermarkets
- Online Retail
- Others
On the basis of sales channels, the Asia-Pacific free standing electrical height-adjustable tables market is segmented into specialty stores, supermarkets, hypermarkets, online retail, and others.
Asia-Pacific Free Standing Electrical Height-Adjustable Tables Market Regional Analysis/Insights
Asia-Pacific free standing electrical height-adjustable tables market is analyzed, and market size insights and trends are provided based on as referenced above.
The countries covered in the Asia-Pacific free standing electrical height-adjustable tables market report are China, Japan, India, Australia & New Zealand, Singapore, Indonesia, Thailand, South Korea, Malaysia, Philippines, Taiwan and rest of Asia-Pacific.
China is expected to dominate the Asia-Pacific free standing electrical height-adjustable tables market in terms of market share and revenue. It is estimated to maintain its dominance during the forecast period due to the growing demand for these tables is the major reason for the growth of free standing electrical height adjustable tables in the Asia-Pacific region.
The region section of the report also provides individual market-impacting factors and changes in regulations in the market that impact the current and future trends of the market. Data points, such as new and replacement sales, country demographics, disease epidemiology, and import-export tariffs, are some of the major pointers used to forecast the market scenario for individual countries. In addition, the presence and availability of Asia-Pacific brands and their challenges faced due to high competition from local and domestic brands and the impact of sales channels are considered while providing forecast analysis of the country data.
Competitive Landscape and Asia-Pacific Free Standing Electrical Height-Adjustable Tables Market Share Analysis
The competitive Asia-Pacific free standing electrical height-adjustable tables market provides details about the competitors. Details include company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, and application dominance. The above data points are only related to the companies focus on the Asia-Pacific free standing electrical height-adjustable tables market.
Some of the major players operating in the Asia-Pacific free standing electrical height adjustable tables market are Conen Products Gmbh, Conset America, Asia-Pacific Furniture Group, Hni Corporation, Schiavello, Ki, Fellowes Brands, Ofita, Rol Ab, Palmberg Okamura Corporation., Kimball International, Steelcase Inc., Gispen, Ergomaster, Ceka, Röhr-Bush Gmbh & Co. Kg, KOKUYO CO., LTD., ACTIU Berbegal y Formas S.A., and Haworth Inc., among others.
Research Methodology
Data collection and base year analysis are done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. In addition, market share analysis and key trend analysis are the major success factors in the market report. The key research methodology used by the DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning grids, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Asia-Pacific Vs Regional, and Vendor Share Analysis. Please request an analyst call in case of further inquiry.
SKU-