Home Office Furniture - Angola

Angola

In Angola, the revenue generated in the Home Office Furniture market in 2024 amounts to €31.25m.
It is projected that the market will experience an annual growth rate of 3.97% (CAGR 2024-2029).
When compared globally, in the United States generates the most revenue in this segment, with €17,360m in 2024.
In terms of per person revenues, in 2024 each individual in Angola contributes €0.83.
Angolans are increasingly investing in ergonomic and stylish home office furniture to create comfortable and productive workspaces.

Key regions: Germany, Brazil, United Kingdom, Denmark, China

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Home Office Furniture market in Angola is experiencing steady growth due to changing customer preferences and local special circumstances.

Customer preferences: In recent years, there has been a growing demand for home office furniture in Angola. This can be attributed to the increasing number of people working remotely or starting their own businesses. Customers are seeking comfortable and functional furniture that can help create a productive work environment at home. They are looking for ergonomic chairs, adjustable desks, and storage solutions that can accommodate their work materials. Additionally, customers are also placing importance on the aesthetics of their home office furniture, wanting pieces that blend well with the overall interior design of their homes.

Trends in the market: One of the key trends in the Home Office Furniture market in Angola is the rise of online shopping. With the increasing availability of internet access and the convenience it offers, more customers are turning to online platforms to purchase their home office furniture. This trend has been further accelerated by the COVID-19 pandemic, which has limited physical shopping options and encouraged people to shop online. As a result, e-commerce platforms and online furniture retailers are experiencing significant growth in sales. Another trend in the market is the focus on sustainable and eco-friendly furniture. Customers in Angola, like in many other countries, are becoming more conscious of the environmental impact of their purchases. They are seeking furniture made from sustainable materials and manufactured using environmentally friendly processes. This trend is driven by a desire to reduce carbon footprint and support companies that prioritize sustainability.

Local special circumstances: Angola has a rapidly growing middle class, which is driving the demand for home office furniture. As the economy develops and more people have access to disposable income, they are investing in their homes and creating dedicated workspaces. Additionally, the government of Angola has been actively promoting entrepreneurship and remote work, which further fuels the demand for home office furniture.

Underlying macroeconomic factors: The Home Office Furniture market in Angola is also influenced by underlying macroeconomic factors. The stability and growth of the economy play a crucial role in the purchasing power of consumers. As the economy improves, more people are able to afford home office furniture, leading to increased sales. Furthermore, inflation and exchange rates can impact the affordability of imported furniture, which may affect the market dynamics. In conclusion, the Home Office Furniture market in Angola is experiencing growth due to changing customer preferences, such as the demand for ergonomic and aesthetically pleasing furniture, as well as the rise of online shopping. Local special circumstances, including the growing middle class and government support for remote work, are also driving the market. The underlying macroeconomic factors, such as the stability of the economy and inflation rates, also play a role in shaping the market trends.

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 categorized by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen & Dining room, Outdoor, Home Office, and Baby & Children's Furniture. The Furniture market also includes Lamps and Lighting and Home Décor because the furnishings and accessories within these categories 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.