Global Footrest Market – Introduction
A footrest is a furniture element that supports the human body and helps maintain required posture; it helps in elevating the hips over knees, and takes off pressure from the lower back. Usage of a footrest also helps in improving blood flow in the body, which mitigates the risk of circulatory issues such as edema.
People spending long hours doing desk jobs or traveling being seated are the target clientele of the market. In the near future, the number of these people is anticipated to rise, resulting in increased demand for ergonomic footrests.
Footrest Market – Competitive Landscape
Safco Products Company
Based in New Hope, Minnesota, the U.S., Safco Products Company has been engaged in manufacturing products and furniture that enhances comfort. Tables and desks, seating solutions, filing cabinets and storage, bins and wastebaskets, and lighting solutions are some of the company’s offerings. Apart from products, the company also provides its customers with complimentary space planning services.
InteVision is a global company that manufactures and markets various types of support cushions and bed wedges. The bed wedges provided by the company are popular for their orthopedic support of the upper body. The company sells majority of its products through Amazon, which makes it globally omnipresent and well recognized.
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Established in 1918 the Fellowes is headquartered in Chicago, Illinois, the U.S., and began as a manufacturer of records and document storage solutions. At present, the company manufactures filing cabinets, business machines, workplace management products, and air purification systems for offices as well as homes.
Econo High is a company based in British Columbia, and operates as a manufacturer of compact and portable footrests. These foot rests are also foldable, and thus can be easily carried in a bag.
Other key players operating in the global footrest market include Eureka, Humanscale, ergoCentric, Kingston, Kantek, and Focal.
Footrest Market – Dynamics
Ability of footrests to enhance productivity at work, key factor driving the market
Improper or misbalanced support to the legs and feet might harm the blood circulation and because of this, most working places are investing in footrests to complement the ergonomic chair. Earlier, footrests were mostly sold to the residential sector. However, commercial spaces are now significantly driving the footrest market.
Lack of awareness regarding the health benefits of footrests
The market might face challenges in emerging regions such as the Middle East and some parts of Asia Pacific owing to lack of awareness among consumers. These regions are also culturally stringent, which sometimes makes it difficult for such markets to gain substantial penetration. However, rising urbanization and transforming consumer behavior is expected to enable the market overcome this hurdle in the coming years.
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Footrest Market – Segmentation
The global footrest market can be segmented based on:
- Product Type
- Design Type
Footrest Market Segmentation – By Product Type
Based on product type, the footrest market can be divided into:
- Comfort Footrest
- Ergonomic Footrest
Footrest Market Segmentation – By Design Type
In terms of design type, the footrest market can be classified into:
- Cushion Footrest
- Adjustable Footrest
- Hammock Footrest
- Inflatable Footrest
Footrest Market Segmentation – By End-Use
Based on end-user, the footrest market can be split into:
This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.
Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:
- Customer Experience Maps
- Insights and Tools based on data-driven research
- Actionable Results to meet all the business priorities
- Strategic Frameworks to boost the growth journey
The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.
The following regional segments are covered comprehensively:
- North America
- Asia Pacific
- Latin America
- The Middle East and Africa
The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.
Below is a snapshot of these quadrants.
1. Customer Experience Map
The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.
2. Insights and Tools
The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.
3. Actionable Results
The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.
4. Strategic Frameworks
The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.
The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:
1. What can be the best investment choices for venturing into new product and service lines?
2. What value propositions should businesses aim at while making new research and development funding?
3. Which regulations will be most helpful for stakeholders to boost their supply chain network?
4. Which regions might see the demand maturing in certain segments in near future?
5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?
6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?
7. Which government regulations might challenge the status of key regional markets?
8. How will the emerging political and economic scenario affect opportunities in key growth areas?
9. What are some of the value-grab opportunities in various segments?
10. What will be the barrier to entry for new players in the market?
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