Home Office Furniture - Central Africa

In Central Africa, the revenue generated in the Home Office Furniture market is estimated to be US$51.49m in 2024.
It is projected that the market will experience an annual growth rate of 3.02% (CAGR 2024-2029).
When compared to other countries worldwide, United States leads in terms of revenue generation, with an estimated amount of US$19bn in 2024.
To put things into perspective, in Central Africa, the revenue generated per person in the Home Office Furniture market is approximately US$0.53 in 2024.
The demand for ergonomic home office furniture is on the rise in Central Africa, as more professionals prioritize comfort and productivity in their remote work setup.

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 Central Africa is experiencing significant growth and development due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: in Central Africa are shifting towards creating functional and comfortable home office spaces. With the rise of remote work and the increasing number of individuals working from home, there is a growing demand for furniture that can accommodate the needs of a home office. Customers are looking for ergonomic chairs and desks that promote productivity and support their well-being during long hours of work. Additionally, there is a preference for furniture that is aesthetically pleasing and can blend well with the overall interior design of the home.

Trends in the market: indicate a rise in the popularity of multifunctional furniture. As homes in Central Africa tend to be smaller in size, customers are seeking furniture that can serve multiple purposes. For example, desks with built-in storage solutions or foldable desks that can be easily stored when not in use. This trend is driven by the need to maximize space and create a versatile home office setup.

Local special circumstances: in Central Africa also contribute to the development of the Home Office Furniture market. The region has witnessed an increase in the number of entrepreneurs and small business owners who operate from home. This has created a demand for furniture that caters to their specific needs, such as compact workstations and storage solutions for documents and supplies. Additionally, the growing middle-class population in Central Africa has led to an increase in disposable income, allowing individuals to invest in quality home office furniture.

Underlying macroeconomic factors: also play a role in the development of the Home Office Furniture market in Central Africa. The region has experienced economic growth in recent years, leading to an increase in consumer spending power. This has resulted in a higher demand for home office furniture as individuals are willing to invest in creating comfortable and productive workspaces. Furthermore, the covid-19 pandemic has accelerated the shift towards remote work, further driving the demand for home office furniture. In conclusion, the Home Office Furniture market in Central Africa is developing and expanding due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Customers are seeking functional and comfortable furniture that can accommodate their home office needs, while trends in the market indicate a rise in multifunctional furniture. Local special circumstances, such as the increase in remote work and the growing middle-class population, contribute to the market's growth. Additionally, underlying macroeconomic factors, such as economic growth and the impact of the covid-19 pandemic, further drive the demand for home office furniture in Central Africa.

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.