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 United Arab Emirates has been experiencing significant growth in recent years. Customer preferences in the Home Office Furniture market in United Arab Emirates are primarily driven by the increasing number of people working from home. This trend has been accelerated by the covid-19 pandemic, which has forced many companies to adopt remote working policies. As a result, there is a growing demand for comfortable and functional home office furniture that can support productivity and create a conducive work environment. Trends in the market include a shift towards ergonomic furniture designs that prioritize comfort and support for long hours of sitting. Customers are also looking for furniture pieces that can seamlessly blend into their home decor, as the home office becomes an integral part of the living space. Additionally, there is a rising demand for multifunctional furniture that can serve multiple purposes, such as desks that can be converted into dining tables or storage units that can double as seating. Local special circumstances in the United Arab Emirates contribute to the development of the Home Office Furniture market. The country has a high expatriate population, with many individuals working in professional roles that require a home office setup. This has created a demand for high-quality, durable furniture that can withstand frequent moves and relocations. Additionally, the United Arab Emirates is known for its luxury and high-end lifestyle, which has influenced the preferences of customers in the home office furniture market. Underlying macroeconomic factors also play a role in the development of the Home Office Furniture market in the United Arab Emirates. The country has a strong economy and a high per capita income, which allows individuals to invest in premium furniture pieces. Furthermore, the government's focus on diversifying the economy and promoting entrepreneurship has led to an increase in the number of small businesses and startups, further driving the demand for home office furniture. In conclusion, the Home Office Furniture market in the United Arab Emirates is developing due to
Customer preferences: for comfortable and functional furniture, as well as the increasing number of people working from home. The market is characterized by trends towards ergonomic designs, multifunctional furniture, and seamless integration with home decor.
Local special circumstances: such as the expatriate population and the country's luxury lifestyle, contribute to the market's growth.
Underlying macroeconomic factors: including a strong economy and government support for entrepreneurship, further drive 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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights