Home Office Furniture - Portugal

Portugal

In Portugal, the revenue in the Home Office Furniture market reached US$248.40m in 2024.
It is projected that the market will experience an annual growth rate of 1.11% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue in this segment, with a total of US$18,920m in 2024.
In terms of per person revenues, in Portugal generates US$24.30 per person in 2024.
The demand for ergonomic home office furniture in Portugal has significantly increased, as people prioritize comfort and health while working from home.

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

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Analyst Opinion

The Home Office Furniture market in Portugal has been experiencing significant growth in recent years.

Customer preferences: Customers in Portugal have been increasingly adopting remote work and flexible work arrangements, leading to a higher demand for home office furniture. With the advancement of technology, more people are able to work from home, and they are looking for comfortable and functional furniture to create a productive workspace. In addition, there is a growing trend towards ergonomic furniture, as customers prioritize their health and well-being while working from home.

Trends in the market: One of the key trends in the Home Office Furniture market in Portugal is the rise of multifunctional furniture. As many people have limited space in their homes, they are looking for furniture that can serve multiple purposes. For example, desks with built-in storage or foldable desks that can be easily stored when not in use. This trend is driven by the need to optimize space and create a versatile home office setup. Another trend in the market is the increasing popularity of sustainable and eco-friendly furniture. Customers in Portugal are becoming more conscious of their environmental impact and are seeking furniture made from sustainable materials. This includes furniture made from recycled materials or sourced from sustainable forests. The demand for eco-friendly furniture is expected to continue growing as customers prioritize sustainability in their purchasing decisions.

Local special circumstances: Portugal has a strong culture of craftsmanship and design, which has contributed to the growth of the Home Office Furniture market. Portuguese furniture manufacturers are known for their high-quality craftsmanship and attention to detail. This has attracted customers both domestically and internationally, leading to an increase in exports of home office furniture. The reputation of Portuguese furniture manufacturers as reliable and innovative has also helped to drive the growth of the market.

Underlying macroeconomic factors: The growth of the Home Office Furniture market in Portugal is also influenced by macroeconomic factors. The country has experienced steady economic growth in recent years, which has increased disposable income and consumer spending. This has enabled more people to invest in home office furniture to create a comfortable and productive workspace. Additionally, the COVID-19 pandemic has accelerated the adoption of remote work and flexible work arrangements, further driving the demand for home office furniture. In conclusion, the Home Office Furniture market in Portugal is experiencing significant growth due to customer preferences for comfortable and functional furniture, as well as the rise of remote work and flexible work arrangements. The market is characterized by trends such as multifunctional furniture and sustainable design. The strong culture of craftsmanship and design in Portugal, along with favorable macroeconomic factors, have also contributed to the growth 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 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.