Home Office Furniture - Zimbabwe | Statista Market Forecast

In Zimbabwe, the revenue generated in the Home Office Furniture market in 2024 amounts to US$9.98m.
It is projected that this market will experience an annual growth rate of 5.89% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, with US$19bn in 2024.
In terms of per capita figures, each person in Zimbabwe generates revenues of US$0.59 in 2024.
Despite economic challenges, the home office furniture market in Zimbabwe has experienced steady growth due to the increasing number of individuals 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 Zimbabwe is experiencing significant growth due to changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in the Home Office Furniture market in Zimbabwe have shifted towards more functional and ergonomic designs. With the increasing number of people working remotely or setting up home offices, there is a growing demand for furniture that provides comfort and support for long hours of work. Customers are also looking for furniture that maximizes space utilization in smaller home office settings. Additionally, there is a preference for furniture made from sustainable and eco-friendly materials, reflecting a growing awareness of environmental issues among consumers. Trends in the Home Office Furniture market in Zimbabwe include the adoption of smart furniture and multi-functional designs. As technology becomes an integral part of remote work, customers are seeking furniture that can accommodate their devices and provide charging solutions. multi-functional furniture, such as desks with built-in storage or convertible designs, is also gaining popularity as it allows for flexibility in smaller spaces.

Local special circumstances: in Zimbabwe contribute to the development of the Home Office Furniture market. The country has a high rate of internet penetration, which has facilitated the growth of remote work and the need for home office setups. Additionally, the covid-19 pandemic has accelerated the adoption of remote work practices, leading to an increased demand for home office furniture. The government's efforts to promote entrepreneurship and small businesses have also contributed to the growth of the market, as more individuals are starting their own ventures and require home office furniture. Underlying macroeconomic factors, such as economic growth and disposable income levels, play a role in the development of the Home Office Furniture market in Zimbabwe. As the economy improves and disposable incomes rise, consumers have more purchasing power to invest in home office furniture. The stability of the currency and inflation rates also influence consumer behavior and confidence in making long-term investments in furniture. In conclusion, the Home Office Furniture market in Zimbabwe is developing due to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. The demand for functional and ergonomic designs, smart furniture, and multi-functional options reflects the evolving needs of remote workers and entrepreneurs. With the increasing availability of internet access and government support for small businesses, the market is expected to continue growing in the coming years.

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.