Home Office Furniture - Uganda | Statista Market Forecast

In Uganda, the revenue generated in the Home Office Furniture market in 2024 amounts to US$5.01m.
It is projected that the market will experience an annual growth rate of 1.93% from 2024 to 2029 (CAGR 2024-2029).
In a global comparison, United States leads in revenue generation, with US$19bn in 2024.
Considering the total population figures, the per person revenue generated in 2024 is US$0.10.
Uganda's home office furniture market is experiencing a surge in demand, driven by the increasing 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 Uganda has been experiencing significant growth in recent years. Customer preferences in the Home Office Furniture market in Uganda have been shifting towards more modern and functional designs. Customers are increasingly looking for furniture that can accommodate their technological needs, such as built-in charging stations and cable management systems. Additionally, there has been a growing demand for ergonomic furniture that promotes comfort and productivity. Trends in the market indicate that there is a growing number of individuals working from home in Uganda. This is due to a number of factors, including the rise of freelancing and remote work opportunities, as well as the increasing availability of high-speed internet access. As more people set up home offices, the demand for home office furniture has increased. Local special circumstances in Uganda also contribute to the development of the Home Office Furniture market. The country has a young and growing population, with a significant portion of the population being tech-savvy and digitally connected. This has led to an increased demand for home office furniture that can accommodate the use of technology. Additionally, Uganda has a growing middle class with increasing disposable income, which has allowed more people to invest in home office furniture. Underlying macroeconomic factors in Uganda have also played a role in the development of the Home Office Furniture market. The country has experienced steady economic growth in recent years, which has led to an increase in household incomes. This has made it possible for more people to afford home office furniture. Additionally, the government has implemented policies to promote entrepreneurship and small business development, which has led to an increase in the number of individuals starting their own businesses and working from home. Overall, the Home Office Furniture market in Uganda is developing due to changing

Customer preferences: an increase in the number of individuals working from home,

Local special circumstances: and

Underlying macroeconomic factors:. As the market continues to grow, it is likely that we will see a greater variety of home office furniture options available to consumers in Uganda.

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.