Home Office Furniture - CIS | Statista Market Forecast

In 2024, the revenue in the Home Office Furniture market in CIS amounts to US$1.07bn.
It is projected that the market will experience an annual growth rate of -0.40% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, with US$19bn in 2024.
In terms of per person revenues, in 2024, each individual in CIS contributes US$4.40 to the total revenue.
The demand for ergonomic home office furniture is increasing in CIS, as individuals prioritize comfort and productivity while 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 cis is experiencing steady growth due to changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in the Home Office Furniture market in cis are shifting towards more functional and ergonomic designs. Customers are increasingly looking for furniture that can accommodate their specific needs, such as adjustable desks and chairs that promote good posture and reduce strain on the body. Additionally, there is a growing demand for furniture that can seamlessly integrate technology, such as built-in charging ports and cable management solutions. The rise of remote work and the need for comfortable and efficient home office spaces have also contributed to the increased demand for home office furniture in the region. Trends in the market include the adoption of eco-friendly materials and sustainable manufacturing practices. Customers in cis are becoming more conscious of the environmental impact of their purchases and are seeking furniture made from recycled or renewable materials. Manufacturers are responding to this trend by incorporating sustainable materials like bamboo and recycled plastic into their product offerings. Another emerging trend is the customization of home office furniture. Customers are looking for furniture that can be personalized to their specific requirements, such as adjustable shelves and modular components that can be rearranged to fit different spaces.

Local special circumstances: in cis, such as the growing number of startups and small businesses, have also contributed to the development of the Home Office Furniture market. As more individuals choose to work from home or start their own businesses, there is a higher demand for home office furniture that can support their professional needs. Additionally, the increasing urbanization and limited office space in major cities have led to a greater need for compact and space-saving furniture solutions. Underlying macroeconomic factors, such as rising disposable incomes and a growing middle class, have also played a role in the growth of the Home Office Furniture market in cis. As people's incomes increase, they are more willing to invest in high-quality furniture that can enhance their productivity and overall well-being. Furthermore, the covid-19 pandemic has accelerated the shift towards remote work and highlighted the importance of having a well-equipped home office, further driving the demand for home office furniture. In conclusion, the Home Office Furniture market in cis is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. As customers prioritize functionality, sustainability, and customization, manufacturers are adapting their offerings to meet these demands. The increasing number of startups and small businesses, as well as the rise of remote work, have also contributed to the development of the market. With the continued growth of the middle class and the ongoing shift towards remote work, the Home Office Furniture market in cis is expected to continue expanding in the coming years.

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.