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Spinning Chair Market Size, Share & Industry Analysis, By Product Type (Fabric, Leather, Steel, Others), By Application (Residential, Commercial), By Quality (Low, Standard, Premium) And Regional Forecast, 2024-2032

Region :Global | Report ID: FBI104631 | Status : Ongoing

 

KEY MARKET INSIGHTS

Spinning Chair has increasingly attaining enlargement of its use around the world as people are more aware of the product capability to help avoid any muscle disorder that could occur while using a regular chair. The product has the ability to assists in maintaining correct posture, decrease the risk of neck issue, and reduce pressure on the hips. The rising trend of the usage of the product 0069n library is helping to accelerate the need and demand for the product. Additionally, the increasing production of spinning gaming chairs attracting the gamers also has a positive impact for escalating the consumption rate. For instance, according to data issued by the American Institute of Physics, May 2019, is stating that three-quarters of American households possess at least one gamer in their household and 70 percent of the family has a child who plays video games.


The escalating demand for office furniture all over the world act as one of the major propelling factor for the growth of the spinning chair market. For instance, according to the data published by the Business Institutional Furniture Manufacturers Association, September 2020, is stating that the United States has an office furniture market size of USD 14.83 billion in 2019. Furthermore, the growing use of spinning chairs by people with physical disabilities such as cerebral palsy, multiple sclerosis, spina bifida., and others.  for simplifying their life is likely to fuel the demand for the product. For instance, according to the World Bank data issued, May 2020, is declaring that 15 percent of the world’s population or 1 billion people are projected to be experiencing all forms of disabilities including, physical and mental.

Nevertheless, the higher cost of the product as compared to a regular type of chairs such as dining chairs, fold chairs, bistro plastic, and others acts as a restraining factor for the market growth.

Key Market Driver -

Increasing consumption in commercial sector across the globe act as a driving factor for the market growth.

Key Market Restraint -

The high cost of the product as compared to other types of chairs act as a restraining factor for the market growth


Key Players Covered:


Okamura Corporation, HNI Corporation, Meridian Office Group, Steelcase Inc., Kimball International, Herman Miller, Inc., and others are the key companies operating in the spinning chair market.

The spinning chair market is segmented into by product type, application, quality, and geography.

On the basis of product type, the market is fragmented into fabric, leather, steel, and others(plastic, aluminum). Fabric is estimated to be the largest market segment owing to its ability to provide more comfort than most product type.

Based on application, the market is bifurcated into residential and commercial. Commercial is projected to be the greater market on an account of most offices around the world considered owning a spinning chair as a necessity as it helps to increase their employee's productivity.

By quality, the market is divided into low, standard, and premium. Standard quality is anticipated to be the leading segment due to owning various significant attributes such as long-lasting quality, help to uphold correct posture and possess durability, and being at a more reasonable price.

Regional Analysis:


On the basis of region, the market is divided into North America, Europe, Asia Pacific, South America, and Middle East & Africa.

North America is projected to be the dominant market shareholder and is expected to continue throughout the forecast period of 2020-2027. The aging population is more cautious of their health as they are more vulnerable to various types of health issues including muscles and joins problem has a significant influence for market growth. For instance, according to the data issued by the United States Census Bureau, there is an estimation of 16 percent of the American population to be at the age of 65 years and above in 2018. Additionally, the increasing growth of small businesses fostering the consumption of the product is helping to generate traction. For instance, according to the data issued by the Small Business Administration, is stating that there are 30.7 million small businesses present in the United States in 2019.

Asia Pacific is evaluated to exhibit a vital presence in the spinning chair market owing to the rising growth of educational institutions leading to spending more on the enhancement of its infrastructure. For instance, according to the data issued by India Brand Equity Foundation, August 2020, is stating that there are around 39,931 colleges and 993 universities in India in 2019, and the educational sector is estimated to be worth USD 91.7 billion in 2018. Additionally, the domestic brands of this region such as Godrej, Interior Durian, and Usha Lexus, and others manufacturing and designing products which are affordable, and suit the climatic condition and places of use has helped to upsurge the demand.

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Segmentation


























 ATTRIBUTE

  DETAILS

By Product Type



  • Fabric

  • Leather

  • Steel

  • Others (Plastic, Aluminium)



By Application



  • Residential

  • Commercial



By Quality



  • Low

  • Standard

  • Premium



By Geography



  • North America (U.S., Canada, and Mexico)

  • Europe (Germany, France, Italy, Spain, U.K., Russia, and Rest of Europe)

  • Asia Pacific (China, India, Japan, Australia, and Rest of Asia Pacific)

  • South America (Brazil, Argentina, and Rest of South America)

  • Middle East & Africa (South Africa, UAE, and Rest of ME&A)



Key Industry Developments-



  • In March 2018, Herman Miller's declared the launch of its smart office which is able to collect data on user movement and also comes with spinning capability.

  • In March 2020,Clares announced the acquisition of European Office Products which an office furnitures products including spinning chairs.  





  • Ongoing
  • 2023
  • 2019-2022

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