Height Adjustable Desks Market Set to Soar, Reaching $5.55B by 2030
The global market for height-adjustable desks is projected to experience significant growth, with an impressive CAGR of 5.5% during the forecast period of 2023-2030. This surge in demand is primarily driven by the increasing trend of remote and flexible work among professionals and the growing popularity of ergonomically designed workspaces. Enhanced flexibility and customization in height-adjustable desks, along with the development of a new range of modern height-adjustable desk products, are expected to propel the market growth further.
A recent market analysis by Consegic Business Intelligence suggests that the modern height-adjustable desk market is set for robust expansion, with a projected value of USD 5,551.64 Million by 2030. The market, which was valued at USD 3,632.85 Million in 2022, is forecasted to grow at a compound annual growth rate of 5.5% during the period 2023-2030.
The study also highlights the growing adoption of modern height-adjustable desks due to global economic expansion and an increased focus on workspace aesthetics. This trend is contributing to the overall market growth. The research offers insights into the market’s competitive landscape, segmentation, regional outlook, and emerging technologies in the modern height-adjustable desk market.
Modern height-adjustable desks are gaining popularity due to their sleek design and adjustable height feature, which caters to the increasing awareness of the health benefits of alternating between sitting and standing throughout the day. These desks come in various materials like wood or metal and styles to suit diverse needs.
In 2022, the manual height-adjustable desk segment held the highest market share in the overall modern height-adjustable desk market. These desks are preferred in offices due to their convenience, ease of use, and affordability compared to their electric counterparts.
Wood, being a natural and aesthetically appealing material, is commonly used in manufacturing height-adjustable desks. It held the highest market share in the material segment of the modern height-adjustable desk market. The choice of material depends on factors such as design preferences, budget, durability, requirement, and sustainability considerations.
In terms of application, the office segment held the highest market share. The increasing awareness of health benefits associated with ergonomic workspaces and the need for more flexible and adaptable office environments have led to a surge in the use of height-adjustable desks.
Offline retail was the dominant distribution channel in 2022 as customers often prefer to physically experience and test products before purchasing. Manufacturers and distributors often showcase their products in dedicated showrooms or participate in trade fairs and exhibitions, contributing to the growth of this segment.
Regionally, North America held the highest market share at 37.60% in 2022, valued at USD 1,365.95 million. It is projected 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., in particular, has seen significant demand for height-adjustable desks due to growing awareness of ergonomic health benefits and a focus on employee well-being and productivity.
Market leaders like GISPEN, Steelcase Inc., Herman Miller, Inc., FLEXISPOT, and Haworth Inc. are leveraging their technologies to develop a new range of modern height-adjustable desks. The market is expected to grow steadily due to rising demand for flexible and customized height-adjustable desks in offices. This trend is particularly strong in regions such as Asia Pacific, North America, and Europe.
The market is also expected to benefit from an increasing trend towards the development of new product facilities, boosting demand for modern height-adjustable desks in the coming years and anticipating increased competition in the market.
In recent developments, Steelcase Inc. announced its acquisition of HALCON, a Minnesota-based designer and manufacturer of precision-tailored wood furniture for the workplace, in May 2022. This acquisition is expected to complement the current portfolio of Steelcase wood products, offering uncompromising design and master craftsmanship to professionals and customers. In April 2022, FlexiSpot launched the FlexiSpot’s All-in-One Comhar Standing Height Adjustable Desk, designed with several storage and organization-friendly features.
In conclusion, the modern height-adjustable desk market is set for robust growth, with North America leading the way. The Asia Pacific region is also expected to contribute significantly to the market demand, driven by increasing investments in new technology development in countries such as India and China.