Home Office Furniture - United Kingdom

In the United Kingdom, the revenue generated in the Home Office Furniture market in 2024 is estimated to be US$1.43bn.
It is projected that the market will experience an annual growth rate of 2.44% from 2024 to 2029 (CAGR 2024-2029).
When compared globally, United States leads the market with a revenue of US$19bn in 2024.
In terms of per capita figures, the revenue generated per person in the United Kingdom in 2024 is US$20.98.
This indicates the amount of revenue generated in the Home Office Furniture market per individual in the country.
The demand for ergonomic home office furniture in the United Kingdom has surged due to the increasing number of remote workers.

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 United Kingdom is experiencing steady growth due to changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: Customers in the United Kingdom are increasingly prioritizing comfort and functionality when selecting home office furniture. With the rise of remote work and flexible work arrangements, individuals are seeking ergonomic chairs and adjustable desks that can support their long hours of work. Additionally, there is a growing demand for space-saving furniture solutions that can fit into smaller home office setups.

Trends in the market: One of the prominent trends in the Home Office Furniture market in United Kingdom is the increasing adoption of sustainable and eco-friendly furniture. Customers are becoming more conscious of the environmental impact of their purchases and are actively seeking furniture made from recycled materials or sustainably sourced wood. This trend is driven by a growing awareness of climate change and a desire to support brands that prioritize sustainability. Another trend in the market is the integration of technology into home office furniture. With the increasing reliance on digital devices for work, customers are looking for furniture that can accommodate their technological needs. This includes features such as built-in charging ports, cable management systems, and smart furniture that can be controlled through mobile apps.

Local special circumstances: The COVID-19 pandemic has had a significant impact on the Home Office Furniture market in United Kingdom. The widespread adoption of remote work and the closure of traditional office spaces has led to a surge in demand for home office furniture. Many individuals have had to quickly set up functional workspaces in their homes, leading to increased sales of desks, chairs, and storage solutions.

Underlying macroeconomic factors: The overall economic stability and disposable income levels in United Kingdom play a crucial role in the development of the Home Office Furniture market. When the economy is performing well, individuals have more purchasing power and are more likely to invest in higher-quality and more expensive home office furniture. Conversely, during times of economic uncertainty, customers may prioritize more affordable options or delay their furniture purchases. In conclusion, the Home Office Furniture market in United Kingdom is driven by evolving customer preferences, emerging trends, and local special circumstances such as the COVID-19 pandemic. The demand for comfortable and functional furniture, sustainable and eco-friendly options, and technology integration is shaping the market. The economic stability and disposable income levels in United Kingdom also influence the purchasing decisions of customers in the home office furniture sector.

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.