Market Insights Consumer DIY & Hardware Store

Paint, Wallpaper & Supplies - Angola

Angola

In Angola, the revenue in the market segment Paint, Wallpaper & Supplies market amounts to €0.37bn in 2024.
It is projected that the market will experience an annual growth rate of 4.90% (CAGR 2024-2029).
When compared globally, in the United States generates the highest revenue with €47,830m in 2024.
In terms of per capita figures, €9.88 in revenue is generated per person in Angola in 2024.
Despite the growing demand for paint and wallpaper supplies in Angola, the market is still dominated by traditional and local suppliers.

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

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Paint, Wallpaper & Supplies Market in Angola within the DIY & Hardware Store Market is experiencing minimal growth due to factors such as limited consumer awareness and low disposable income. However, with increasing focus on home improvement and availability of affordable products, the market is expected to see slow but steady growth.

Customer preferences: There has been an increase in demand for sustainable and environmentally-friendly paint and wallpaper options in the DIY & Hardware Store Market. Consumers are becoming more conscious of the impact their choices have on the environment, as well as their own health. This has led to a rise in the use of natural, non-toxic ingredients in paint and wallpaper, as well as a preference for sustainable and recyclable packaging. Additionally, there is a growing trend towards DIY solutions for home improvement projects, driven by the desire for personalization and cost-savings.

Trends in the market: In Angola, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is experiencing a surge in demand for eco-friendly and sustainable products. This trend has been driven by the increasing awareness of environmental concerns and the desire for greener living. As a result, hardware stores are now offering a wider range of environmentally-friendly paint and wallpaper options. This trend is expected to continue as consumers become more eco-conscious and seek out products that align with their values. This presents an opportunity for industry stakeholders to tap into this market and differentiate themselves by offering sustainable solutions. Additionally, it may also drive innovation and competition in the market, leading to greater product offerings and improved sustainability practices.

Local special circumstances: In Angola, the Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market is influenced by the country's rich history of art and craftsmanship. This has led to a high demand for decorative and premium paint and wallpaper products. Additionally, the government's initiatives for infrastructural development and construction projects have contributed to the growth of the market. However, strict import and trade regulations on certain products and materials can pose challenges for market players.

Underlying macroeconomic factors: The Paint, Wallpaper & Supplies Market within the DIY & Hardware Store Market in Angola is impacted by several macroeconomic factors. These include the overall economic conditions in the country, such as GDP growth, inflation rate, and government fiscal policies. Global economic trends and trade policies also play a role in market performance. In addition, the availability of investment in the DIY & Hardware Store Market and overall consumer spending also influence the growth of this sector. The recent economic downturn in the country has resulted in a slowdown in the market, but the government's efforts to improve the business climate and attract foreign investment may lead to a recovery in the near future.

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.