Home Office Furniture - Oman

Oman

In Oman, the revenue generated in the Home Office Furniture market in 2024 amounts to US$46.14m.
It is projected that the market will experience an annual growth rate of 2.15% (CAGR 2024-2029).
Comparing globally, in the United States generates the highest revenue in this segment, reaching US$18,920m in 2024.
In terms of per capita figures, each person in Oman contributes US$9.79 to the total revenue in 2024.
Oman's growing demand for ergonomic and space-saving home office furniture reflects the increasing number of remote workers in the country.

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

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Analyst Opinion

The Home Office Furniture market in Oman has been experiencing steady growth in recent years, driven by changing customer preferences and the increasing number of people working from home.

Customer preferences: in the Home Office Furniture market have shifted towards more ergonomic and stylish designs. With an increasing number of individuals spending long hours working from home, comfort and functionality have become key factors in their purchasing decisions. Customers are also looking for furniture that can fit into smaller spaces, as many home offices are set up in limited areas. Additionally, there is a growing demand for furniture that can be easily assembled and disassembled, as people often move or rearrange their home offices. Trends in the Home Office Furniture market in Oman reflect global trends, with a focus on sustainability and eco-friendly materials. Customers are increasingly conscious of the environmental impact of their purchases and are seeking furniture made from sustainable materials such as bamboo or reclaimed wood. This trend is also driven by the government's efforts to promote sustainable practices and reduce carbon emissions. Local special circumstances in Oman have contributed to the growth of the Home Office Furniture market. The covid-19 pandemic has accelerated the shift towards remote work, with many companies adopting work-from-home policies to ensure business continuity. This has created a greater need for home office furniture, as individuals set up dedicated workspaces in their homes. Additionally, the government's initiatives to diversify the economy and promote entrepreneurship have led to an increase in the number of small businesses and startups, further driving the demand for home office furniture. Underlying macroeconomic factors have also played a role in the development of the Home Office Furniture market in Oman. The country's stable economy and high per capita income have contributed to increased consumer spending on home office furniture. Additionally, the government's investments in infrastructure development and the real estate sector have led to a rise in construction activities, creating opportunities for the furniture industry. In conclusion, the Home Office Furniture market in Oman is experiencing growth due to changing customer preferences, the increasing number of people working from home, and the government's initiatives to promote sustainable practices and entrepreneurship. The market is expected to continue expanding as remote work becomes more prevalent and the demand for ergonomic and sustainable furniture increases.

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.