Market Insights Consumer Furniture Home Office Furniture

Desks & Chairs - Philippines

Philippines

In the Philippines, the revenue generated in the Desks & Chairs market is recorded at US$30.86m in 2024.
According to projections, this market is anticipated to experience an annual growth rate of 2.50% between 2024 and 2029 (CAGR 2024-2029).
When compared globally, in the United States stands out as the country with the highest revenue in this segment, reaching a staggering US$14,340m in 2024.
To put this into perspective, in 2024, the per person revenue in the Philippines amounts to US$0.26, taking into consideration the country's total population figures.
Due to the rise of remote work in the Philippines, there is a growing demand for ergonomic desks and chairs to support a comfortable home office setup.

Key regions: Germany, United Kingdom, Brazil, China, Denmark

Market

Region

Region comparison

Currency

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.