Home Office Furniture - LATAM
LATAM- Revenue in the Home Office Furniture market amounts to US$2.40bn in 2024. The market is expected to grow annually by 2.98% (CAGR 2024-2029).
- In global comparison, most revenue is generated United States (US$19bn in 2024).
- In relation to total population figures, per person revenues of US$3.77 are generated in 2024.
- Key regions:
- Germany,
- Brazil,
- United Kingdom,
- Denmark,
- China
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.
In-Scope
- Office chairs and swivel seats
- Office desks and tables
- Filing Cabinets and drawers
- Bookcases
- Office stools
Out-Of-Scope
- Consumer electronics
- Household appliances
- Lamps and lighting
- Dining and bar tables
