Home Office Furniture - Saudi Arabia

Saudi Arabia

In Saudi Arabia, the revenue in the Home Office Furniture market reaches €396.60m in 2024.
This market is projected to experience an annual growth rate of 0.20% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue with €17,360m in 2024.
In terms of per capita figures, in 2024, each person contributes €10.58 in revenue.
The demand for ergonomic and stylish home office furniture is rapidly growing in Saudi Arabia, as more professionals opt for comfortable and functional workspaces at home.

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

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Home Office Furniture market in Saudi Arabia has been experiencing significant growth in recent years. Customer preferences in the Home Office Furniture market in Saudi Arabia have shifted towards more ergonomic and functional designs. Customers are looking for furniture that can provide comfort and support during long hours of work. Additionally, there is a growing demand for furniture that is aesthetically pleasing and can blend seamlessly with the overall interior design of the home office. Trends in the market include the increasing popularity of adjustable standing desks, which allow users to switch between sitting and standing positions throughout the day. This trend is driven by a growing awareness of the health risks associated with prolonged sitting and the benefits of incorporating movement into the workday. Another trend is the rise of modular furniture systems that offer flexibility and customization options to meet the specific needs of individual users. Local special circumstances in Saudi Arabia also contribute to the development of the Home Office Furniture market. The country has a large population of young professionals who are increasingly working from home or setting up home offices. This demographic shift, coupled with the government's initiatives to promote remote work and entrepreneurship, has created a favorable environment for the growth of the Home Office Furniture market. Underlying macroeconomic factors, such as the steady growth of the Saudi Arabian economy and the increasing disposable income of consumers, have also played a role in driving the development of the Home Office Furniture market. As the economy continues to expand, more individuals are able to invest in creating comfortable and productive home office spaces. Additionally, the government's efforts to diversify the economy and reduce dependence on oil have resulted in the growth of industries such as technology and e-commerce, which further contribute to the demand for home office furniture. Overall, the Home Office Furniture market in Saudi Arabia is experiencing growth due to changing

Customer preferences: emerging trends,

Local special circumstances: and

Underlying macroeconomic factors:. As more individuals embrace remote work and entrepreneurship, the demand for ergonomic and functional home office furniture is expected to continue to rise.

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.