The global standing desk market value is anticipated to reach US$ 3.20 billion by 2028. The growing adoption of ergonomic furniture, along with an increasing consumer tendency towards a standing desk, are key factors in the growth of the market. Alchemy Research and Analytics LLP provided this information in a recently published report entitled "Standing Desk Market – Prospective Landscape, Size, Share, Growth, Opportunities and Industry Forecast 2019-2028" The report further notes that the market size was US$ 1.30 billion in 2019 and is likely to have a CAGR of 10.4% over the 2020 to 2028 forecast period.

The Increased Prevalence towards Ergonomic Furniture
According to Alchemy Research and Analytics LLP, the global standing desk market is mainly driven by an increase in the prevalence of ergonomic furniture, along with an increasing tendency towards standing desks between individuals and businesses. Increased organizational focus on employee health due to poor posture is another key factor estimated to drive global market growth in the coming years. According to recent statistics, more than 50 per cent of employees worldwide are complaining about back pain caused by bad posture.
In addition, the growing individual focus towards their health and posture along with rising awareness of standing desk are some other major factors projected to drive the global standing desk market growth over the forecast period.

Increasing Demand for Standing Desk across Educational Institutions
Increased demand for standing desk across educational institutions due to growing back pain problems among students is another factor that is expected to drive market growth in the near future. Increased use of technology devices such as computers, smartphones, and others are key factors for a back pain disorder among students. Educational institutions are therefore establishing a standing study desk to reduce the risk of back pain among students. However, high replacement costs hinder market demand in the near future.

Key Manufacturers Aim to Enhance Their Portfolios by Partnerships
According to Alchemy Research and Analytics LLP, key market players in the global standing desk market are focusing on strategies such as partnerships, collaborations and mergers to enhance their geographic presence as well as product portfolios. Due to the presence of fewer market players, the standing desk market is consolidated in nature.

Alchemy Market Research lists out the names of key market players in the global standing desk market. They are as follows:
• Square Groove LLC.
• AFC Industries, Inc.
• Ergotron, Inc. (Nortek, Inc.)
• com, Inc.
• Workrite Ergonomics, Inc.
• UpDesk
• Humanscale
• Steelcase, Inc.
• NextDesk, Inc.

A Significant Industry Development-
• May 2019: Humanscale comes to NeoCon 2019 with a range of ergonomic workspace solutions and thoughtful programming, its latest introductions being shown in suite 351 propel the brand into new commercial categories including guest, multipurpose and executive seating. New solutions for a “perfect workstation” will round out its comprehensive range of offerings on display. The brand’s story will also be told through a series of educational seminars and special exhibitions that examine material transparency and life cycle analysis.

Further Report Findings-
• North America had the largest share in terms of revenue in 2019. It is set to lead the market owing to technology advanced infrastructure and region being home to large number of manufacturers.
• Asia Pacific is expected to grow at a fast pace due to the increasing internet penetration in the urban as well as rural areas and growing awareness of standing desk services across the region.
Based on product type, in 2019, the mechanically adjustable standing desk segment held the larger market share. This growth is attributable to the growing demand of the products due to its low cost in comparison to its counterparts.

Complete report by Alchemy Market Research: https://www.alchemymarketresearch.com/consumer-goods/standing-desk-market

Website: https://www.alchemymarketresearch.com/