Home Office Furniture - Taiwan | Statista Market Forecast

In Taiwan, the Home Office Furniture market generates a revenue of US$46.55m in 2024.
It is projected to experience an annual growth rate of 3.57% (CAGR 2024-2029).
When compared globally, United States leads the market with a revenue of US$19bn in 2024.
Looking at the per capita figures, in 2024, each person in Taiwan contributes US$1.94 in revenue to the Home Office Furniture market.
The demand for ergonomic home office furniture in Taiwan has seen a significant increase due to the country's emphasis on work-life balance.

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 Taiwan has been experiencing steady growth in recent years. Customer preferences have shifted towards more ergonomic and space-saving furniture options, while local special circumstances and underlying macroeconomic factors have also contributed to the market's development.

Customer preferences: in the Home Office Furniture market in Taiwan have been influenced by a number of factors. Firstly, there is a growing awareness of the importance of ergonomic furniture in maintaining good posture and preventing musculoskeletal disorders. As more people work from home for extended periods of time, they are willing to invest in furniture that promotes comfort and productivity. Another customer preference in the market is for space-saving furniture solutions. With many people living in small apartments or houses, there is a need for furniture that can maximize the use of limited space. This has led to a demand for innovative designs that offer storage solutions and multifunctionality. Trends in the Home Office Furniture market in Taiwan reflect these customer preferences. Manufacturers and retailers are introducing a wide range of ergonomic and space-saving furniture options to cater to the needs of the market. This includes adjustable desks and chairs that can be customized to individual preferences, as well as compact desks and storage units that can fit into small spaces.

Local special circumstances: in Taiwan have also played a role in the development of the Home Office Furniture market. The government has been actively promoting the concept of telecommuting and flexible work arrangements to reduce traffic congestion and improve work-life balance. This has created a greater demand for home office furniture as more people choose to work from home. Furthermore, the covid-19 pandemic has accelerated the adoption of remote work practices in Taiwan. With the need for social distancing and the closure of many traditional office spaces, companies and individuals have had to quickly adapt to remote work. This has led to an increased demand for home office furniture as people set up dedicated workspaces in their homes.

Underlying macroeconomic factors: have also contributed to the growth of the Home Office Furniture market in Taiwan. The country has a strong economy and a high level of disposable income, which allows consumers to invest in quality furniture for their home offices. Additionally, the increasing number of startups and small businesses in Taiwan has created a need for affordable and functional office furniture options. In conclusion, the Home Office Furniture market in Taiwan is developing in response to customer preferences for ergonomic and space-saving furniture. The local special circumstances of promoting telecommuting and the impact of the covid-19 pandemic have further accelerated the market's growth. Underlying macroeconomic factors, such as a strong economy and a growing number of startups, have also contributed to the development 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.