Home Office Furniture - GCC | Statista Market Forecast

In 2024, the revenue in the Home Office Furniture market in GCC amounts to US$909.20m.
It is projected to experience an annual growth rate of 1.26% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, with US$19bn in 2024.
In terms of per capita revenue, in 2024 each person in GCC generates US$15.06.
The demand for ergonomic home office furniture is growing in the GCC countries, as individuals prioritize comfort and productivity while working from home.

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 GCC is witnessing significant growth and development in recent years.

Customer preferences: Customers in the GCC region are increasingly opting for home office furniture due to the rising trend of remote work and flexible working arrangements. With the advancements in technology and the increasing availability of high-speed internet, more individuals are choosing to work from home. This has led to a growing demand for ergonomic and comfortable home office furniture that can enhance productivity and create a conducive work environment.

Trends in the market: One of the key trends in the GCC Home Office Furniture market is the shift towards multifunctional and space-saving furniture. As homes in the region tend to have limited space, customers are looking for furniture that can serve multiple purposes. This includes desks with built-in storage compartments, adjustable height desks that can be used for sitting or standing, and modular furniture that can be easily rearranged to suit different needs. Another trend in the market is the preference for modern and stylish designs. Customers in the GCC region are known for their appreciation of luxury and aesthetics, and this extends to their choice of home office furniture. They are looking for furniture pieces that not only provide functionality but also add a touch of elegance to their homes. This has led to an increase in demand for sleek and contemporary designs in the Home Office Furniture market.

Local special circumstances: The GCC region is known for its hot climate, and this has a significant impact on the Home Office Furniture market. Customers in the region prioritize furniture that is made from materials that can withstand high temperatures and humidity. This includes furniture made from materials such as teak, rattan, and wicker, which are known for their durability and resistance to heat and moisture.

Underlying macroeconomic factors: The development of the Home Office Furniture market in the GCC region can be attributed to several macroeconomic factors. The region has been witnessing rapid urbanization and economic growth, which has led to an increase in the number of individuals working in professional and managerial roles. This has created a demand for home office furniture as these individuals seek to create a dedicated workspace within their homes. Additionally, the GCC region has a high expatriate population, with many individuals moving to the region for work opportunities. These expatriates often live in rented accommodation and may not have access to a dedicated office space. As a result, they are more likely to invest in home office furniture to create a comfortable and productive work environment. In conclusion, the Home Office Furniture market in the GCC region is experiencing growth and development due to the increasing trend of remote work and flexible working arrangements. Customers in the region are looking for ergonomic and stylish furniture that can meet their needs in limited spaces. The hot climate and rapid urbanization in the region also contribute to the demand for home office furniture.

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.