Home Office Furniture - Lebanon | Statista Market Forecast

In Lebanon, the revenue generated in the Home Office Furniture market in 2024 amounts to US$52.70m.
It is projected that the market will experience an annual growth rate of 2.31% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, which is estimated to be US$19bn in 2024.
In terms of per person revenues, in 2024, each individual in Lebanon generates approximately US$10.10.
The demand for ergonomic home office furniture in Lebanon has seen a significant increase due to the rising number of professionals working remotely.

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 Lebanon has been experiencing significant growth in recent years. Customer preferences have shifted towards creating functional and comfortable workspaces at home, leading to an increased demand for home office furniture. This trend can be attributed to several factors, including the rise of remote work and the need for flexible work environments.

Customer preferences: Lebanese consumers are increasingly adopting remote work practices, either as freelancers or as employees of companies that offer flexible work arrangements. As a result, there is a growing need for home office furniture that can provide a comfortable and productive workspace. Customers are looking for ergonomic chairs, adjustable desks, and storage solutions that can help them stay organized and focused.

Trends in the market: One of the key trends in the Home Office Furniture market in Lebanon is the growing popularity of multifunctional furniture. Lebanese consumers are often faced with limited space in their homes, and they are looking for furniture pieces that can serve multiple purposes. For example, desks that can be easily folded and stored when not in use, or shelves that can double as room dividers. Another trend in the market is the increasing demand for eco-friendly and sustainable furniture. Lebanese consumers are becoming more conscious of their environmental impact and are seeking furniture made from sustainable materials and produced through ethical manufacturing processes. This trend is driving the development of new products and materials in the home office furniture market.

Local special circumstances: Lebanon has a unique cultural and social context that influences the Home Office Furniture market. The country has a high population density, which means that many people live in apartments or small houses with limited space. This has led to a demand for compact and space-saving furniture solutions. Additionally, Lebanon has a strong design and craftsmanship tradition, which is reflected in the home office furniture market. Lebanese consumers appreciate well-designed and high-quality furniture that can add aesthetic value to their homes. This has created opportunities for local designers and manufacturers to thrive in the market.

Underlying macroeconomic factors: The growth of the Home Office Furniture market in Lebanon is also influenced by several macroeconomic factors. The country has a relatively high unemployment rate, which has led to an increase in self-employment and freelance work. This has created a larger pool of potential customers for home office furniture. Furthermore, the COVID-19 pandemic has accelerated the adoption of remote work globally, including in Lebanon. The pandemic has forced many companies to implement remote work policies, and this shift is expected to continue even after the pandemic subsides. As a result, the demand for home office furniture is likely to remain strong in the coming years. In conclusion, the Home Office Furniture market in Lebanon is experiencing growth due to changing customer preferences, including the need for functional and comfortable workspaces at home. The market is characterized by trends such as the popularity of multifunctional furniture and the demand for eco-friendly products. Local special circumstances, such as limited space and a strong design tradition, also influence the market. Finally, underlying macroeconomic factors, such as the rise of remote work and the impact of the COVID-19 pandemic, contribute to the growth of the market.

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.