Contemporary Height Adjustable Desk Market Forecast 2023 - 2030

Report ID : CBI_1236 |  Category : Consumer Goods   | Published Date:     |  Format :   ms word  ms Excel  PDF

Segments Covered :
By Product Type Manual Height-Adjustable Desk, Electric Height-Adjustable Desk
By Material Wood, Metal, Composite Material
By Application Office, Home, Others
By Distribution Channel Offline Retail, Online Retail
By Region North America, Europe, Asia Pacific, Latin America, and Middle East & Africa
Report Snapshots :
Base Year: 2022
CAGR: 5.5%
Forecast Year: 2023 - 2030
Revenue 2022: $3,632.85 Mn
Revenue 2030: $5,551.64 Mn

Contemporary Height Adjustable Desk Market Forecast 2023 - 2030

Market Overview :

Consegic Business Intelligence analyzes that the contemporary height adjustable desk market is growing with a CAGR of 5.5% during the forecast period (2023-2030), and the market is projected to be valued at USD 5,551.64 Million by 2030 from USD 3,632.85 Million in 2022.

Market Definition :

Contemporary height adjustable desk refers to a type of desk that allows users to easily adjust its heights to accommodate different working positions primarily sitting and standing. These desks are designed with modern aesthetics and often features sleek lines, clean designs, and a range of material such as wood, metal, or composite. Contemporary height adjustable desk typically in corporate advanced mechanisms, such as electric motors or manual cranks, to facilitate smooth and effortless adjustment of desk heights. They are popular in various settings including offices, home offices, co-working spaces, and educational institutions as they promote economic benefits, improve productivity and contribute to overall well-being.

Contemporary Height Adjustable Desk Market :

Contemporary Height Adjustable Desk Market

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Market Dynamics :

Contemporary Height Adjustable Desk Market Dynamics

Drivers :

  • Growing remote and flexible work among working professionals is increasing the demand for height adjustable desks.

    Contemporary height adjustable desks is hugely preferable for remote and flexible work. The height-adjustable desk allows the creation of an ergonomic work environment. The height-adjustable desk can be customized to their needs and preferences. For instance, in June 2021, the Society Of Human Resource Management (SHRM), survey found that almost one-third of employed Americans (30%) would prefer to work remotely. Thus, the increasing adoption of flexible or work-from-home settings increases the use of contemporary height adjustable desks to create dedicated workspaces at home to support healthy work-life balance, benefiting the market growth.

  • Flexibility and customization in height adjustable desks driving the growth of the market.

    Height adjustable desks offer flexibility by catering to individual preferences and needs. Individuals can easily adjust the height of their desks to suit their comfort levels and body type. This customization factor is especially important in shared workplaces or multi-user environments. Height adjustable desks allow consumers to alternate between sitting and standing throughout the day, which can help to improve circulation, reduce back pain, and boost productivity. Furthermore, contemporary height adjustable desks are increasingly adopted in classrooms due to customization factors that impact driving the market growth.

Restraint :

  • The higher cost of contemporary height adjustable desk systems is posing a major bottleneck for the market growth

    The Contemporary Height Adjustable Desk system's overall cost structure is primarily determined by production costs, followed by the cost of raw materials such as stainless steel, wood, and others. Furthermore, contemporary height-adjustable desks tend to be more expensive than traditional manual height-adjustable desks. The higher costs associated with the technology and mechanism required for height adjustment can pose a challenge for budget–conscious consumers or businesses with limited resources. Additionally, the cost of materials used in contemporary height adjustable desks such as steel, wood, and aluminum can fluctuate. The increases in the cost of raw materials can directly impact the manufacturing cost of contemporary height adjustable desks. Hence, the above factors are leading to the high prices of contemporary height adjustable desks, which, in turn, is restraining the market growth.

Opportunities :

  • Technological integration in contemporary height adjustable desks is expected to create significant opportunities in the future.

    The integration of technology and smart features into height adjustable desks can provide an innovative solution for the modern workplace. Features such as programmable height settings, and mobile apps for remote ports can enhance the user experience and differentiate products in the market. Manufacturers can leverage technology to create value-added products that cater to tech-savvy customers. For instance, in May 2022, Steelcase Inc. announced an agreement to acquire HALCON, a Minnesota-based designer and manufacturer of precision-tailored wood furniture for the workplace. This acquisition will complement the current portfolio of Steelcase wood products, offering uncompromising design and master craftsmanship to A+D professionals and customers. Thus, the launch of new products with upgraded technology will create a potential opportunity for the expansion of the global contemporary height adjustable desk market in the forecast years.

 

Contemporary Height Adjustable Desk Market Report Coverage :

Report Attributes Report Details
Study Timeline 2017-2030
Market Size in 2030 USD 5,551.64 Million
CAGR (2023-2030) 5.5%
By Product Type Manual Height-Adjustable Desk, Electric Height-Adjustable Desk
By Material Wood, Metal, Composite Material
By Application Office, Home, Others
By Distribution Channel Offline Retail, Online Retail
By Region North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Key Players GISPEN, Steelcase Inc., Herman Miller, Inc., Haworth Inc., Röhr-Bush GmbH & Co. KG, Knoll INC., Humanscale corporation, Ergotron, Inc., FLEXISPOT

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Market Segmentation :

By Product Type :

The product type segment is categorized into manual height-adjustable desk and electric height-adjustable desk. In 2022, the manual height-adjustable desk segment accounted for the highest market share in the overall contemporary height-adjustable desk market. Manual height adjustable desks is more common in offices due to their convenience and ease of use, and they are often more affordable compared to their electric counterparts. This cost-effectiveness makes them an attractive option for a business that has a budget constraint or needs to outfit a large number of workstations. For instance, in 2021, Flexispot offers portable and foldable manual height adjustable desks such as the Flexispot M2B moved and adjusted to different heights, making them suitable for various work environments. However, The development of a new product range, and increasing adoption in offices, and others are prime factors accelerating the growth of the manual height-adjustable desk segment.

By Material :

The material segment is categorized into wood, metal, and composite material. In 2022, the wood segment accounted for the highest market share of 51.50% and grew with the highest CAGR in the overall contemporary height adjustable desk market. Wood is commonly used in the manufacturing of height adjustable desks as it is a natural and worm aesthetic appeal that is highly valued in both residential and commercial settings. The choice of material ultimately depends on factors such as design preferences, budget, durability, requirement, and sustainability considerations. For instance, Uplift Desk is a well-known company that offers height-adjustable desks with a wood desktop option. They provide various wood choices like bamboo, reclaimed fir, rubberwood, and solid wood. Uplift Desk's wood options are sourced sustainably, and they focus on providing ergonomic designs and customizable features. The above benefits associated with wood material in the height adjustable desk are driving the growth of the segment.

Global Contemporary Height Adjustable Desk Market, By Material, 2022

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By Application :

The application segment is categorized into office, home, and others. In 2022, the office segment accounted for the highest market share and grew with the highest CAGR in the contemporary height adjustable desk market. The use of height adjustable desks has been increasing in offices due to the growing awareness of the health benefits associated with economic workspaces and the need for more flexible and adaptable office environments. For instance, in 2022, according to the report published by Office for National Statistics (ONS), the proportion of workers hybrid working has risen from 13% in early February 2022 to 24% in May 2022. Furthermore, many countries have implemented regulations and workplace standards related to ergonomics and employee health in the workplace. These are the factors attributing to the demand for height adjustable desks in offices, thereby driving the market growth.

By Distribution Channel :

The distribution channel segment is categorized into offline retail and online retail. In 2022, the offline retail segment accounted for the highest market share in the contemporary height adjustable desk market. This is because customers often prefer to physically experience and test the products before making purchases.

Furthermore, manufacturers and distributors of contemporary height-adjustable desks often showcase their products in dedicated showrooms or participate in trade fairs and exhibitions. These factors are contributing to the growth of the segment.

By Region :

The regional segment includes North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.

 
North America Contemporary Height Adjustable Desk Market, 2022 (USD Million)

Regional Growth Insights

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In 2022, North America accounted for the highest market share at 37.60% and was valued at USD 1,365.95 million, and is expected to reach USD 2,096.30 million in 2030. The height-adjustable desk market in North America is highly competitive, with a wide range of manufacturers and suppliers offering a variety of desk options. The U.S. has seen significant demand for height adjustable desks due to the growing awareness of ergonomic health benefits with a focus on employee well-being and productivity, many companies in this region are adopting height adjustable desks at offices. Furthermore, Asia Pacific is expected to witness significant growth over the forecast period, growing at 6.1% during 2023-2030. This is attributed to the rapid industrialization, and changing work culture.

North America Contemporary Height Adjustable Desk Market, By Countries (2022)

Details Countries Growth Insights

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Contemporary Height Adjustable Desk Market Competitive Landscape:

The contemporary height adjustable desk market is highly competitive, with several large players and numerous small and medium-sized enterprises. These companies have strong research and development capabilities and a strong presence in the market through their extensive product portfolios and distribution networks. The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships. The key players in the market include-

Recent Developments :

  • In May 2022, Steelcase Inc. announced an agreement to acquire HALCON, a Minnesota-based designer and manufacturer of precision-tailored wood furniture for the workplace. This acquisition will complement the current portfolio of Steelcase wood products, offering uncompromising design and master craftsmanship to A+D professionals and customers.
  • In April 2022, FlexiSpot designed FlexiSpot's All-in-One Comhar Standing Height Adjustable Desk The Comhar includes several storage and organization-friendly features including a pull-out desk drawer to store your classroom or professional essentials, three built-in USB charging ports, along with four programmable height presets that make working from home a breeze.
 

Frequently Asked Question

What was the market size of the contemporary height adjustable desk industry in 2022?+

In 2022, the market size of contemporary height adjustable desk was USD 3,632.85 million

What will be the potential market valuation for the contemporary height adjustable desk industry by 2030?+

In 2030, the market size of contemporary height adjustable desk will be expected to reach USD 5,551.64 million.

What are the key factors driving the growth of the Contemporary Height Adjustable Desk market?+

Growing remote and flexible work among working professionals, flexibility and customization in height adjustable desk is driving the global Contemporary Height Adjustable Desk market growth.

What is the dominating segment in the Contemporary Height Adjustable Desk market by product type?+

In 2022, the manual height-adjustable desk segment accounted for the highest market share in the overall contemporary height adjustable desk market.

Based on current market trends and future predictions, which geographical region is the dominating region in the Contemporary Height Adjustable Desk market?+

North America accounted for the highest market share in the overall Contemporary Height Adjustable Desk market.