Home Office Furniture - Finland | Statista Market Forecast

In Finland, the revenue generated in the Home Office Furniture market in 2024 amounts to US$220.40m.
It is projected that the market will experience an annual growth rate of 0.71% between 2024 and 2029 (CAGR).
When compared globally, United States generates the highest revenue in this segment, with US$19bn in 2024.
In terms of per capita income, each person in Finland generates US$39.72 in revenue in 2024.
The demand for ergonomic and sustainable home office furniture is on the rise in Finland, as the country emphasizes a healthy work-life balance.

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 Finland is experiencing steady growth and development.

Customer preferences: In Finland, customers are increasingly opting for home office furniture that is both functional and aesthetically pleasing. They are looking for furniture pieces that can seamlessly blend into their home decor while providing a comfortable and efficient workspace. Scandinavian design, with its clean lines and minimalist approach, is particularly popular among Finnish customers. They value simplicity, functionality, and high-quality craftsmanship in their furniture choices.

Trends in the market: One of the key trends in the Home Office Furniture market in Finland is the rise of ergonomic furniture. With an increasing number of people working from home, there is a growing awareness of the importance of maintaining good posture and preventing musculoskeletal disorders. As a result, there is a higher demand for ergonomic chairs, adjustable desks, and other furniture pieces that prioritize comfort and support. Another trend in the market is the integration of technology into home office furniture. As more people rely on technology for their work, there is a need for furniture that can accommodate devices such as laptops, monitors, and charging stations. Finnish customers are looking for innovative solutions that can help them stay organized and connected in their home offices.

Local special circumstances: Finland has a strong tradition of craftsmanship and design, which influences the local home office furniture market. Finnish customers value high-quality, durable furniture that is built to last. They are willing to invest in pieces that are made from sustainable materials and have a minimal environmental impact. This focus on sustainability and longevity sets the Finnish market apart from others, as customers prioritize the long-term value of their furniture purchases.

Underlying macroeconomic factors: The growth of the Home Office Furniture market in Finland is also influenced by macroeconomic factors. The increasing trend of remote work and flexible working arrangements is driving the demand for home office furniture. Additionally, the COVID-19 pandemic has accelerated the adoption of remote work, leading to a surge in demand for home office furniture as more people set up their workspaces at home. This shift in work culture is expected to have a lasting impact on the market, even after the pandemic subsides. In conclusion, the Home Office Furniture market in Finland is experiencing growth and development driven by customer preferences for functional and aesthetically pleasing furniture, trends such as ergonomic design and integration of technology, local special circumstances that prioritize sustainability and craftsmanship, and underlying macroeconomic factors such as the rise of remote work. As the market continues to evolve, it is important for businesses to understand and cater to the unique needs and preferences of Finnish customers.

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.