Home Office Furniture - United Arab Emirates

United Arab Emirates

In the year 2024, the Home Office Furniture market in the United Arab Emirates (UAE) is projected to generate revenue of €244.10m.
This market is anticipated to experience an annual growth rate of 1.05% (CAGR 2024-2029).
When compared globally, in the United States leads in terms of revenue generation, with €17,540m in 2024.
In relation to the total population, the per person revenue in the UAE is estimated to be €25.45 in the same year.
The demand for ergonomic home office furniture in the United Arab Emirates has increased significantly due to the rise in remote work arrangements.

Key regions: Germany, Brazil, United Kingdom, Denmark, China

Marché

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Analyst Opinion

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.

Methodology

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.