Benefit from the rise of the global healthy office trend, electric lifting desk market demand continues to rise

Electric lift desks originated and first became popular in Europe. As developed countries in Europe and the United States have always attached importance to the prevention of occupational diseases, a number of laws and regulations on healthy office have been introduced in various countries to promote the rapid development of elevatable desks, which have been widely used in office places. Globally, the United States currently has the highest penetration rate of electric office furniture. When Apple CEO Tim Cook opened the new office headquarters Apple Park in 2017, he equipped all employees with electric lifting desks for office work, and the concept of healthy office has long been deeply rooted. As people pay more and more attention to the health of the office environment, the electric lifting desk has become the standard of modern office life.
The novel coronavirus pandemic has triggered a wave of home office, and the demand for the C-end of the Electric Lifting Table has gradually emerged. According to GoogleTrend, searches for "power desk lift" in the United States have increased nearly 100-fold since 2009, skyrocketing in 2020 due to the pandemic, and peaking in August 2020. In addition, in the post-epidemic era, Internet technology giants have begun to support long-term home working, and the C-terminal market demand for lifting desks is expected to continue to grow.
The Internet tech giant plans to work from home for the long term

Sources: Wall Street, Sina News, etc
The Asia Pacific region is the world's main office furniture production and consumption region. According to CSIL, the global output of office furniture reached US $53 billion in 2019, with Asia Pacific accounting for 47% of global office furniture production, followed by North America at 28%. In 2019, the Asia-Pacific region accounted for 41% of the global consumption of office furniture, while the United States, with its huge economic size and developed business environment, is the world's largest consumer of office furniture. In 2019, the consumption of office furniture in the United States accounted for about 29% of the world, with a consumption market size of about 14.9 billion US dollars.
Share of global consumption by major regions in 2019

Source: CSIL
The concept of healthy office is emerging in China, and the market potential is huge. China's office furniture market is huge, but the awareness of healthy office has only been awakened in recent years, and the penetration rate is low. In the future, with the accelerated growth of China's economy, people's demand for healthy office will gradually deepen, and the blue sea of electric lifting desk market is emerging.