Home Office Furniture - Austria

Austria

In Austria, the revenue in the Home Office Furniture market for the year 2024 is estimated to be US$308.60m.
It is projected that the market will experience an annual growth rate of 0.31% (CAGR 2024-2029).
When compared globally, in the United States leads in revenue generation, with an estimated amount of US$18,920m in 2024.
In terms of per person revenues, in Austria generates US$34.38 in 2024.
This figure is determined by dividing the total revenue by the population.
The demand for ergonomic home office furniture in Austria has been steadily rising, reflecting the country's commitment to promoting healthy work environments.

Key regions: Worldwide, United States, India, China, Denmark

Market

Region

Region comparison

Currency

Analyst Opinion

The Home Office Furniture market in Austria has been experiencing steady growth in recent years, driven by changing customer preferences and the increasing number of people working remotely.

Customer preferences: Austria, like many other countries, has seen a shift in customer preferences when it comes to home office furniture. With more people working from home, there is a growing demand for comfortable and ergonomic furniture that promotes productivity and well-being. Customers are looking for adjustable desks and chairs that can be customized to their individual needs, as well as storage solutions that help keep their workspaces organized. Additionally, there is a growing interest in furniture that is aesthetically pleasing and complements the overall design of the home.

Trends in the market: One of the key trends in the Home Office Furniture market in Austria is the rise of remote work. The COVID-19 pandemic has accelerated this trend, as many companies have adopted remote work policies to ensure the safety of their employees. As a result, there has been an increased demand for home office furniture as people set up dedicated workspaces in their homes. This trend is expected to continue even after the pandemic, as many companies have realized the benefits of remote work in terms of cost savings and employee satisfaction. Another trend in the market is the growing popularity of sustainable and eco-friendly furniture. Customers in Austria are becoming more conscious of their environmental impact and are actively seeking out furniture made from sustainable materials and produced using environmentally friendly manufacturing processes. This trend is driven by a combination of factors, including increased awareness of climate change and the desire to support local businesses that prioritize sustainability.

Local special circumstances: Austria has a strong tradition of craftsmanship and quality, which is reflected in the home office furniture market. Customers in Austria value furniture that is well-made and durable, and are willing to invest in higher-quality pieces that will last for years. This preference for quality is also influenced by the country's cultural appreciation for design and aesthetics.

Underlying macroeconomic factors: The Home Office Furniture market in Austria is also influenced by macroeconomic factors such as the overall economic health of the country and consumer spending power. When the economy is strong and consumers have more disposable income, they are more likely to invest in home office furniture. On the other hand, during periods of economic uncertainty, consumers may prioritize essential purchases over non-essential items like furniture. In conclusion, the Home Office Furniture market in Austria is experiencing growth due to changing customer preferences, the rise of remote work, and the increasing demand for sustainable and eco-friendly furniture. The country's cultural appreciation for craftsmanship and quality also plays a role in shaping the market. The overall economic health of the country and consumer spending power are important factors that influence the market's growth.

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 segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.