North & Latin America Ergonomic Chair Market Size By Type (2-3 Degrees of Freedom Adjustment, and >3 Degrees of Freedom Adjustment), By Application (Enterprise Procurement, Government Procurement), By Geographic Scope And Forecast
North & Latin America Ergonomic Chair Market Size By Type (2-3 Degrees of Freedom Adjustment, and >3 Degrees of Freedom Adjustment), By Application (Enterprise Procurement, Government Procurement), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
North & Latin America Ergonomic Chair Market Size And Forecast
North & Latin America Ergonomic Chair Market size was valued at USD 2,642.79 Million in 2021 and is projected to reach USD 4,082.88 Million by 2030, growing at a CAGR of 4.96% from 2023 to 2030.
New job openings across North & Latin America are expected to fuel the growth of the market. Growing entrepreneurial activities and the rising need to improve the standard of living amongst the North American and Latin American populations are also aiding the demand for small and medium businesses. The North & Latin America report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
North & Latin America Ergonomic Chair Market Definition
The Ergonomic Chairs are designed to help the user to sit comfortably for long working periods. These chairs are more comfortable than the other standard chairs and provide the user to customize the fit to the body or sitting preferences. They help in improving productivity and enhancing job satisfaction. The ergonomic chairs help reduce the risk of musculoskeletal injuries such as back pain. These further improve back pain by supporting proper posture and hip and pelvis alignment. It prevents slouching and forward head posture and reduce the need for repetitive trunk flexion.
You know, those ergonomic chairs are really taking over offices these days! They're not just for fancy companies, either. Basically, if people are sitting for hours on end, you'll find them. What makes them special? Think adjustable seats, brackets, and support that actually encourages good posture. All that fiddling around with adjustments? It's worth it because it really cuts down on back pain and stress during those long days. More and more offices are ditching the standard chairs because they want a healthier, happier workplace, which, of course, leads to better productivity. Seems like with more people working, more focus on employee well-being, and awareness of things like obesity and workplace injuries, especially in places like North and Latin America, these chairs are becoming essential. One of the best features is how the seat depth and the curve of the back really support your lower back. No more slouching! And some even let you tweak the seatback angle, which is awesome. It helps you avoid awkward positions, prevents injuries, and gives you a fit that's way more personalized than any regular chair could.
North & Latin America Ergonomic Chair Market Overview
Hey, things are looking up! We're seeing a ton of new job openings popping up throughout North & Latin America, and that's really driving market growth. The tech scene is especially hot in both regions, offering some great opportunities for folks. But it's not just tech – construction, infrastructure, manufacturing, and even telecommunications are adding fuel to the job market fire across North America & Latin America. Right now, the United States is leading the way in creating jobs, both for people here and for those coming from abroad. Plus, all this demand from small and medium businesses is helping things grow even faster. Industrialization, globalization, and all the cool stuff happening in North America and Latin America are giving these businesses a real boost, especially in developing countries. People are getting more entrepreneurial, and they're pushing for a better life, which is also driving demand for these businesses. And get thissmall and medium businesses are a huge deal in North America and Latin America, playing a major role in those economies, especially in developing areas. The World Bank says they make up about 90% of businesses worldwide and create over 50% of the jobs!
However, the expensive nature of ergonomic chairs restraining the growth of the market. Ergonomic office chairs are expensive; they can cost almost twice as much as standard chairs. The average starting price of an ergonomic chair is USD 100, which would significantly increase the expenses. The parts of an ergonomic chair are usually expensive and therefore increase the cost of maintenance. Therefore, high prices and high maintenance costs hamper the growth of the North & Latin America Ergonomic Chair Market.
Furthermore, technological advancements in ergonomic chairs offer lucrative growth opportunities for the market. Internet of Things (IoT) is characterized by machine learning and machine-to-machine communication, enabling sophisticated monitoring and control of processes. Thus, IoT has a wide range of applications, such as smart business, smart infrastructure, smart project management, smart market, smart cities, and smart analytics, amongst others. The technological advancements in the development of ergonomic chairs are going to trigger the demand for IoT as might increase productivity across the end-use.
North & Latin America Ergonomic Chair MarketSegmentation Analysis
The North & Latin America Ergonomic Chair Market is segmented based on Type, Application, and Region.
North & Latin America Ergonomic Chair Market, By Type
• 2-3 Degrees of Freedom Adjustment• >3 Degrees of Freedom Adjustment
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When it comes to ergonomic chairs in North & Latin America, we can categorize them by Typeeither with 2-3 Degrees of Freedom Adjustment or >3 Degrees of Freedom Adjustment. Right now, the 2-3 Degrees of Freedom Adjustment type is the most popular, grabbing the largest market share back in 2021, and it's expected to keep growing at a rate of 4.18% over the next few years. The >3 Degrees of Freedom Adjustment chairs were the runner-up in 2021. Choosing the right ergonomic office chair can be tough – everyone's different, and there's no one-size-fits-all solution. But as people become more aware of their health, especially with all that sitting, ergonomic chairs with adjustable degrees of freedom are becoming the go-to choice. Why? Because they're good for you! Think better blood flow, improved posture, less back and neck pain, and relief from hip strain. Even a chair with just 2-3 degrees of freedom and support for your pelvis can boost your physical well-being and help you avoid health problems from sitting too long.
North & Latin America Ergonomic Chair Market, By Application
• Enterprise Procurement• Government Procurement• School Procurement• Individual Procurement
So, if we're looking at who's buying ergonomic chairs in North & Latin America, it breaks down into businesses, government, schools, and individuals. Right now, businesses are buying the most, accounting for the biggest slice of the pie in 2021, and we're expecting that to keep growing at a rate of about 4.39% each year. Government procurement was the next biggest. Why the jump in company spending? Well, with all the IT companies popping up, the demand for comfy, supportive ergonomic chairs is going up, up, up! People are also more worried about their health and how they feel at work. Because folks want to stay healthy and fit, they are searching for better chairs to support their backs and let them sit comfortably for longer stretches.
North & Latin America Ergonomic Chair Market, By Geography
• North America• Latin America
To Get Summarized Market Report By Geography-Â
The North & Latin America Ergonomic Chair Market is segmented based on geography into North America and Latin America. As seen in the above figure, North America accounted for the largest market share in 2021 and is projected to grow at the highest CAGR of 5.20% during the forecast period. Latin America was the second-largest market in 2021.
Key Players
The major players in the market are Steelcase, HNI Group, Herman Miller, Haworth, True Innovations, Kimball Office, Teknion, and Others. The competitive landscape section also includes key development strategies, market share, and market ranking analysis of the above-mentioned players.
Key Developments
• Steelcase’s seating offering has been expanded with the introduction of the innovative Personality Plus. The Plus, which builds on the success of its predecessor, the Personality, is the result of a redesign process aimed at delivering more performance while using fewer materials.
• Steelcase launched new its latest seating innovation, which reimagines and outperforms other leading mesh chairs. It is designed to respond naturally to a body’s movement and provides industry-leading comfort and sustainability.
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2018-2030
BASE YEAR
2021
FORECAST PERIOD
2023-2030
HISTORICAL PERIOD
2018-2020
UNIT
Value (USD Million)
KEY COMPANIES PROFILED
Steelcase, HNI Group, Herman Miller, Haworth, True Innovations, Kimball Office, Teknion, and Others.
SEGMENTS COVERED
Type, Application, and Region.
CUSTOMIZATION SCOPE
Free report customization (equivalent to up to 4 analysts’ working days) with purchase. Addition or alteration to country, regional & segment scope.
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North & Latin America Ergonomic Chair Market Infographic
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Reasons to Purchase this Report
We dive deep into the market using both qualitative and quantitative analysis, breaking it down by segments based on all sorts of factors, not just the economic ones. You'll get hard numbers with market value (in USD Billion) for every segment and sub-segment. We'll point out which region and segment is likely to be the fastest grower and the top dog. Expect a geographical breakdown analyzing product/service consumption and the specific factors shaping the market in each region. Get the lowdown on the competitive landscape, including market rankings of the big players, new launches, partnerships, expansions, and acquisitions over the last five years, all within detailed company profiles. Each profile includes a company overview, insights, product benchmarking, and a good old SWOT analysis. We'll give you our take on the current and future market outlook, considering recent developments, growth opportunities, key drivers, and the challenges ahead in both emerging and developed regions. Expect an in-depth look from every angle, including a Porter's Five Forces analysis and a peek into the Value Chain. We'll also lay out the market dynamics scenario and the growth opportunities coming down the pike. Oh, and don't forget the 6-month post-sales analyst support.
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