Market Insights Consumer DIY & Hardware Store

Bathroom Hardware - Angola

Angola

In Angola, the revenue generated in the Bathroom Hardware market in 2024 amounts to €287.60m.
It is projected that the market will experience an annual growth rate of 4.59% (CAGR 2024-2029).
Comparatively, in China generates the highest revenue in the global market, with €35,580m in 2024.
In terms of per capita revenue, each person in Angola generates €7.61 in 2024.
Angola's demand for high-quality bathroom hardware is growing rapidly, driven by the country's expanding middle class and increasing investment in infrastructure.

Key regions: Turkey, Indonesia, Japan, Nigeria, Germany

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Bathroom Hardware market in Angola within the DIY & Hardware Store market is experiencing negligible growth. This can be attributed to factors such as limited consumer spending, fluctuating economy and low awareness about DIY projects in the region.

Customer preferences: As Angola continues to experience economic growth, there has been a notable increase in consumer spending on home improvement and renovation, including bathroom upgrades. This trend is driven by a growing middle class and the desire for better living standards. In addition, there is a growing preference for modern and stylish bathroom hardware, influenced by global design trends and a desire for a more luxurious and comfortable lifestyle. This has led to an increased demand for higher-end bathroom fixtures and accessories within the DIY & Hardware Store Market, as consumers seek to create sophisticated and functional spaces in their homes.

Trends in the market: In Angola, the Bathroom Hardware Market within the DIY & Hardware Store Market is experiencing a growing demand for environmentally-friendly and energy-efficient products. This trend is in line with the global movement towards sustainable living and is driven by increased awareness and government initiatives. As a result, industry stakeholders are focusing on developing and promoting eco-friendly products to meet consumer preferences. This trend is likely to continue and have a positive impact on the market, as more consumers prioritize sustainability in their purchasing decisions. It also presents opportunities for manufacturers to differentiate their products and gain a competitive edge in the market. However, it may also result in higher costs for manufacturers, as they invest in sustainable materials and processes. As such, industry stakeholders need to carefully balance these factors to achieve long-term success in the Bathroom Hardware Market in Angola.

Local special circumstances: In Angola, the Bathroom Hardware Market within the DIY & Hardware Store Market is heavily influenced by the high demand for affordable and durable products. The country's hot and humid climate also plays a role in the selection of bathroom hardware, with a preference for materials that can withstand these conditions. Additionally, government regulations on product quality and safety have a significant impact on the market dynamics, with local manufacturers having to adhere to strict standards.

Underlying macroeconomic factors: The Bathroom Hardware Market within the DIY & Hardware Store Market in Angola is influenced by macroeconomic factors such as the country's economic growth, government fiscal policies, and consumer spending. Angola's recent economic development and stability have created a favorable market for DIY and hardware products. However, economic challenges and policy changes can impact consumer purchasing power and demand for bathroom hardware products. Additionally, the impact of global economic trends on Angola's market should also be considered, such as fluctuations in currency exchange rates and trade policies. Overall, a stable and growing economy, along with favorable policies, can support the growth of the Bathroom Hardware Market in Angola.

Methodology

Data coverage:

Data encompasses B2C enterprises. Figures are segmented by product type and consist of the following: Paint, Wallpaper & Supplies, Tools & Machines, Hardware and Building Materials, Lawn & Garden, Heating & Cooling, Bathroom Hardware, and Floor Covering.

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 product value, import value, and export value to determine domestic supply. 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. The main drivers are turnover indices, GDP per capita, 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.