Home Office Furniture - Ireland

Ireland

In Ireland, the revenue generated in the Home Office Furniture market in 2024 amounts to US$168.40m.
It is projected to experience an annual growth rate of 4.72% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads with a revenue of US$18,920m in 2024.
Looking at the per capita figures, in 2024, each person in Ireland generates revenues of US$33.09.
The Home Office Furniture market in Ireland shows promising potential for growth and profitability.
The demand for ergonomic home office furniture in Ireland has surged, as more professionals prioritize comfort and productivity while working remotely.

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

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Analyst Opinion

The Home Office Furniture market in Ireland is experiencing significant growth and development. Customer preferences in the Home Office Furniture market in Ireland are shifting towards more functional and ergonomic designs. With the increasing number of people working from home, there is a greater emphasis on creating comfortable and efficient workspaces. Customers are looking for furniture that promotes productivity and reduces the risk of musculoskeletal disorders. As a result, there is a growing demand for adjustable desks, ergonomic chairs, and storage solutions that can accommodate the needs of a home office setup. Trends in the market indicate a rise in the adoption of smart and connected home office furniture. With advancements in technology, customers are seeking furniture that can integrate with their digital devices and provide additional features such as wireless charging, built-in speakers, and usb ports. This trend is driven by the need for convenience and connectivity in the modern workplace. As a result, manufacturers are incorporating smart features into their products to cater to this demand. Local special circumstances in Ireland contribute to the development of the Home Office Furniture market. The covid-19 pandemic has accelerated the shift towards remote work, leading to a surge in demand for home office furniture. Many companies have adopted flexible work policies, allowing employees to work from home even after the pandemic. This change in work culture has created a sustained demand for home office furniture in Ireland. Underlying macroeconomic factors also play a role in the growth of the Home Office Furniture market in Ireland. The country has experienced steady economic growth in recent years, leading to an increase in disposable income. As a result, consumers have more purchasing power and are willing to invest in high-quality home office furniture. Additionally, the construction industry in Ireland has been booming, leading to an increase in the number of new homes and office spaces. This provides opportunities for furniture manufacturers and retailers to expand their market presence. In conclusion, the Home Office Furniture market in Ireland is witnessing growth and development due to shifting

Customer preferences: towards functional and ergonomic designs, the adoption of smart and connected furniture, the impact of the covid-19 pandemic, and

Underlying macroeconomic factors: such as economic growth and a thriving construction industry. As remote work becomes more prevalent, the demand for home office furniture is expected to continue to rise in Ireland.

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.