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A table stand is a two or multi legged stand used for various purposes such as using the table as an office desk, keeping objects on the table, or using the table stand market for home décor. Also known as sit-stand desk, height-adjustable desk, or working stations, a table stand allows the user to quickly change from a seated to a standing position while using the same table. Table stands are trending in the market owing to their health benefits. Many popular companies such as Google, Facebook, Disney, and Apple are moving toward the concept of standing and working in their office premises. Sitting around for long periods of time reduces energy, health, and overall productivity. Research reveals that if a person has been sitting for six hours or longer, the risk of dying of heart disease increases by 64%, and also entails the risk of contracting diseases such as cancer, and diabetes.
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Key drivers of the table stand market
Table stands are highly demanded due to the increase in work from home scenario, and rising health problems. These table stands are also used by households for decorating and placing various objects on the stand. Demand for table stands is expected to increase due to the popularity of home décor. Also, with changing trends and focus on health and a healthier lifestyle, people prefer table stands for their daily routine work. Nowadays, standing and executing the office work has become a trend. This has subsequently resulted in increasing demand for ergonomic furniture. Sitting with a poor posture for long hours in office results in excessive back pain, depression, decrease in assertiveness etc. This leads to decreased productivity. People are now becoming more cautious about their posture during work hours which has resulted in generating more demand for table stands. These factors act as drivers and increases the demand for the product in the market.
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Mergers & acquisitions creating opportunities in the table stand market
In 2021, two leading brands in the furniture space, Height Adjustable Work Table and Desky, have announced a power merger. The directors of Desky have agreed to acquire Height Adjustable Work Table. The merger between the companies is expected to be a move in the right direction, as both companies will work as one to take table stand technology to the next level in terms of performance and stability. Desky expressed interest in a collaboration with Height Adjustable Work Table as Height Adjustable Work Table had spearheaded breakthroughs in table stand technology specifically associated with stability and performance. Such mergers & acquisitions create new opportunities for the product in the market.
Wall mounted table stand a restraint for the table stand market
Many interior designer companies offer in-built stand which is wall mounted. Such stands reduce the demand for a separate stand. Consumers can use the in-built stand for carrying out their daily activities at a much cheaper rate. In-built stands minimize the use of table stands and occupy less space in the house and are also affordable. These factors acts as restraints for the table stand market
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Asia Pacific the dominant market
The Asia Pacific market accounts for highest share in the table stand market in terms of revenue contribution as compared to markets in other regions due to increased adoption of table stands by various end-users such as offices, hotels & motels, cafes, hospitals, canteens, and for personal use in the region. Advent of online platforms such as company owned portals, e-commerce portals, and third party portals are options for different manufacturers of table stands, which is increasing the growth of the product globally. Emergence of online platforms has helped many manufacturers in expanding their geographical presence, which is anticipated to drive the growth of the table stand market.
Key players operating in the global market
Companies are working on product innovation and development to increase their customer base. Furthermore, key companies are adopting the merger and acquisition strategy to improve their market revenue at the global level. Some of the major companies identified in the table stand market are:
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