Home Office Furniture - Benin | Statista Market Forecast

In Benin, the revenue generated in the Home Office Furniture market in 2024 amounts to US$2.23m.
It is projected that the market will experience an annual growth rate of 1.78% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, reaching US$19bn in 2024.
In terms of per person revenues, in Benin generates US$0.16 in 2024.
The demand for ergonomic home office furniture in Benin has surged due to the increasing number of professionals working remotely.

Definition:

The Home Office Furniture segment focuses on furniture found in the home that provide a comfortable and motivating work space. The purpose of home office furniture is to ensure a good working environment similar to that of a traditional office as working from home has become more popular in recent years. This segment includes objects such as swivel seats and office tables; however, furniture such as dining tables and chairs are not included. Consumer electronics and lamps & lighting are also excluded from this segment.

Structure:

The segment is divided into two subsegments:

The Desk & Chairs subsegment covers home office furniture designed to provide comfort, functionality, and ergonomic support to enhance productivity and improve the overall working experience.
The Bookcases & Filing Cabinets subsegment covers furniture pieces designed for storage and organization of books, files, documents, and other materials. These products are available in various sizes, styles, and materials to suit different needs and preferences.

Additional Information:

The Home Office Furniture segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Office chairs and swivel seats
Office desks and tables
Filing Cabinets and drawers
Bookcases
Office stools

Consumer electronics
Household appliances
Lamps and lighting
Dining and bar tables

The Home Office Furniture market in Benin has been experiencing significant growth in recent years, driven by changing customer preferences and local special circumstances.

Customer preferences: Customers in Benin have shown a growing demand for home office furniture, as more people are working remotely or starting their own businesses. This trend is in line with the global shift towards flexible and remote work arrangements. As a result, there is a greater need for comfortable and functional home office furniture that can support productivity and create a conducive work environment.

Trends in the market: One of the key trends in the home office furniture market in Benin is the increasing popularity of ergonomic furniture. As people spend more time working from home, there is a greater emphasis on maintaining good posture and reducing the risk of musculoskeletal disorders. This has led to a surge in demand for ergonomic chairs, adjustable desks, and other furniture that prioritize comfort and support. Another trend in the market is the rise of multifunctional furniture. With limited space in many homes, customers in Benin are looking for furniture that can serve multiple purposes. This includes desks that can be folded or transformed into storage units, as well as chairs that can double as storage compartments. This trend reflects the need for practical and space-saving solutions in home offices.

Local special circumstances: Benin has a growing population of entrepreneurs and small business owners, who often operate from home. This has created a niche market for home office furniture tailored to the needs of these professionals. For example, there is a demand for compact and portable furniture that can be easily moved or stored when not in use. Additionally, there is a preference for furniture made from sustainable materials, as customers in Benin are increasingly conscious of their environmental impact.

Underlying macroeconomic factors: The growth of the home office furniture market in Benin is also influenced by underlying macroeconomic factors. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income. As a result, more people are able to afford home office furniture and invest in creating a comfortable and productive workspace. Additionally, the government of Benin has implemented policies to support entrepreneurship and small businesses, which has further fueled the demand for home office furniture. In conclusion, the Home Office Furniture market in Benin is experiencing growth due to changing customer preferences, such as the demand for ergonomic and multifunctional furniture. Local special circumstances, such as the rise of entrepreneurs and small business owners, also contribute to the market's development. Furthermore, underlying macroeconomic factors, including economic growth and supportive government policies, have created a favorable environment for the market to thrive.

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories are not specific to any room.

Modeling approach / Market size:

Market sizes are determined by a top-down approach, based on a specific rationale for each market segment. As a basis for evaluating markets, we use national statistical offices, international institutions, in-house market research, and resources from the Statista platform. Next we use relevant key market indicators and data from country-specific associations such as consumer spending and GDP. This data helps us to estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the particular market. For example, exponential trend smoothing is well suited for forecasting the Furniture market with a projected steady growth. The main drivers are furniture and furnishings, carpets and other floor coverings, and consumer spending per capita.

Additional Notes:

The market is updated twice per year in case market dynamics change. The impact of the COVID-19 pandemic is considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

From homeware to office furniture, even expanding over to pet care, the furniture industry is all-encompassing and ever-growing. Be it homes, schools, offices, or even outdoors, furniture is what gives a room its function and purpose.