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:
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.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Company Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
The Home Office Furniture market in Switzerland has been experiencing steady growth in recent years. Customer preferences have shifted towards more ergonomic and multifunctional furniture pieces, reflecting a global trend in the market. Additionally, local special circumstances, such as the high cost of living and the growing number of people working from home, have contributed to the development of the market. Underlying macroeconomic factors, such as a strong economy and a high standard of living, have also played a role in the growth of the Home Office Furniture market in Switzerland.
Customer preferences: in the Home Office Furniture market in Switzerland have evolved in line with global trends. Customers now prioritize comfort and functionality, seeking ergonomic designs that promote good posture and reduce the risk of musculoskeletal disorders. Multifunctional furniture pieces that can serve multiple purposes, such as desks with built-in storage or adjustable height features, are also in high demand. This shift in preferences can be attributed to the increasing awareness of the importance of a healthy and productive work environment. Trends in the market include the rising popularity of standing desks, which allow users to alternate between sitting and standing positions throughout the workday. This trend is driven by the growing recognition of the health risks associated with prolonged sitting and the benefits of incorporating movement into the work routine. Another trend is the integration of technology into home office furniture, with features such as built-in charging ports and wireless connectivity becoming more common. This reflects the increasing reliance on technology in the modern workplace and the need for furniture that can support and accommodate these devices.
Local special circumstances: in Switzerland have also contributed to the development of the Home Office Furniture market. The high cost of living in the country has led to smaller living spaces, prompting the need for compact and space-saving furniture solutions. Additionally, the growing number of people working from home, either as freelancers or as part of flexible work arrangements, has created a demand for dedicated home office spaces and furniture that can facilitate productivity.
Underlying macroeconomic factors: have also played a role in the growth of the Home Office Furniture market in Switzerland. The country has a strong economy and a high standard of living, which has increased the purchasing power of consumers. This, combined with the emphasis on work-life balance and the importance placed on creating a comfortable and productive work environment, has led to increased spending on home office furniture. In conclusion, the Home Office Furniture market in Switzerland is developing in response to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The shift towards ergonomic and multifunctional furniture, the rising popularity of standing desks, the integration of technology, the high cost of living, the growing number of people working from home, and the strong economy are all contributing 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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights