Home Office Furniture - Greece

Greece

In Greece, the revenue generated in the Home Office Furniture market in 2024 amounts to US$74.27m.
It is projected that the market will experience an annual growth rate of -0.09% (CAGR 2024-2029).
When compared to other countries globally, in the United States generates the highest revenue in this segment, with US$18,920m in 2024.
In terms of per capita revenue, in Greece, each person generates US$7.21 in 2024.
Despite the economic challenges in Greece, the demand for home office furniture has surged due to the increasing number of individuals working remotely.

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

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Analyst Opinion

The Home Office Furniture market in Greece has been experiencing significant growth in recent years. Customer preferences have shifted towards more functional and ergonomic designs, reflecting global trends in the market. Additionally, local special circumstances, such as the increase in remote work due to the covid-19 pandemic, have further fueled the demand for home office furniture.

Customer preferences: in the Home Office Furniture market in Greece have undergone a notable shift in recent years. Consumers are increasingly looking for furniture that is not only aesthetically pleasing but also functional and ergonomic. This trend is in line with the global market, where people are spending more time working from home and are seeking comfortable and efficient furniture solutions. As a result, there has been a growing demand for adjustable desks, ergonomic chairs, and storage solutions that optimize space and organization. The market in Greece has also been influenced by

Local special circumstances: particularly the covid-19 pandemic. The widespread adoption of remote work has led to a surge in demand for home office furniture as individuals set up dedicated workspaces in their homes. This sudden shift in work dynamics has prompted many people to invest in comfortable and functional furniture to support their productivity and well-being. As a result, the Home Office Furniture market in Greece has experienced a significant boost in sales. Underlying macroeconomic factors have also played a role in the development of the Home Office Furniture market in Greece. The country has been recovering from a prolonged economic crisis, and as the economy stabilizes, consumers are more willing to invest in their homes and workspaces. Additionally, the rise of e-commerce and online shopping platforms has made it easier for consumers to access a wide range of home office furniture options, driving market growth. In conclusion, the Home Office Furniture market in Greece has been witnessing significant growth driven by shifting customer preferences, local special circumstances, and

Underlying macroeconomic factors:. The demand for functional and ergonomic furniture solutions has increased, reflecting global

Trends in the market:. The covid-19 pandemic has further accelerated this growth as remote work becomes more prevalent. As the economy stabilizes and online shopping platforms continue to thrive, the market is expected to continue its upward trajectory in the coming years.

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.