Home Office Furniture - Gabon | Statista Market Forecast

In Gabon, the revenue generated in the Home Office Furniture market in 2024 amounts to US$2.26m.
It is projected that the market will experience an annual growth rate of 3.82% (CAGR 2024-2029).
When compared globally, United States leads in terms of revenue generation, with a staggering US$19bn in 2024.
Taking into account the population figures, the per person revenues in Gabon amount to US$0.91 in 2024.
Despite a growing trend of remote work in Gabon, demand for home office furniture remains low due to cultural preferences for traditional office settings.

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 Gabon is experiencing significant growth due to changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in Gabon are shifting towards creating functional and comfortable home office spaces. With the rise of remote work and the increasing number of entrepreneurs and freelancers, there is a growing demand for home office furniture that is both stylish and practical. Customers are looking for ergonomic chairs and desks that promote good posture and reduce the risk of musculoskeletal disorders. Additionally, there is a preference for furniture that maximizes space utilization, such as compact desks with built-in storage solutions. Trends in the market indicate a focus on sustainability and eco-friendly materials. Customers in Gabon are becoming more conscious of the environmental impact of their purchases and are seeking furniture made from renewable resources or recycled materials. This trend is driven by global concerns about climate change and a desire to support sustainable practices. Manufacturers and retailers are responding to this demand by offering furniture options that are certified as environmentally friendly.

Local special circumstances: in Gabon, such as limited office space and high rental costs, are also contributing to the growth of the home office furniture market. Many individuals and small businesses in Gabon are opting to work from home to reduce expenses and increase flexibility. This shift towards remote work has created a need for well-designed and functional home office furniture that can fit into smaller living spaces. Additionally, the cost savings associated with working from home allow individuals to invest in higher-quality furniture that enhances productivity and comfort. Underlying macroeconomic factors, such as a growing middle class and urbanization, are also driving the development of the home office furniture market in Gabon. As more people move to urban areas and experience an increase in disposable income, they are able to invest in home office furniture to create a conducive work environment. The rise of e-commerce and online shopping platforms has also made it easier for customers to access a wide range of home office furniture options, further contributing to market growth. In conclusion, the Home Office Furniture market in Gabon is growing due to shifting customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. The demand for functional and comfortable home office furniture, sustainable and eco-friendly materials, and space-efficient designs is driving market growth. Additionally, the rise of remote work and the increasing number of individuals working from home are creating a need for well-designed home office furniture that maximizes productivity and comfort.

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.