Kitchen & Dining Furniture - Africa

Africa

In the year 2024, the revenue generated in the Kitchen & Dining Furniture market in Africa amounts to €0.88bn.
This market is projected to experience an annual growth rate of 0.00%, calculated as the Compound Annual Growth Rate (CAGR) from 2024 to 2029.
When compared to other countries around Worldwide, in the United States leads in terms of revenue generation, with €35,620m in 2024.
In relation to the total population of Africa, the per person revenue in the Kitchen & Dining Furniture market is €0.68 in 2024.
In Africa, the market for Kitchen & Dining Furniture is experiencing a surge in demand due to the rising urbanization and increasing disposable income levels in countries like Nigeria and South Africa.

Key regions: Canada, United Kingdom, Brazil, Germany, India

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Kitchen & Dining Furniture market in Africa has been experiencing steady growth in recent years. Customer preferences in the region have been shifting towards more modern and stylish designs, with a focus on functionality and durability. African consumers are increasingly looking for furniture that not only serves its purpose but also enhances the overall aesthetics of their homes. This has led to a rise in demand for sleek and contemporary kitchen and dining furniture pieces. Trends in the market indicate a growing interest in eco-friendly and sustainable materials. African consumers are becoming more conscious of the environmental impact of their purchasing decisions and are actively seeking out furniture made from renewable resources. This trend is driven by a combination of factors, including a desire to support local artisans and manufacturers, as well as a growing awareness of the importance of preserving the environment for future generations. Local special circumstances in Africa also play a role in the development of the Kitchen & Dining Furniture market. The continent's diverse cultural heritage and rich history have influenced the design and style preferences of consumers. African consumers often look for furniture pieces that reflect their cultural identity and heritage, leading to a demand for unique and artisanal products. This has created opportunities for local craftsmen and artisans to showcase their skills and creativity in the market. Underlying macroeconomic factors have also contributed to the growth of the Kitchen & Dining Furniture market in Africa. The continent's rising middle class and increasing urbanization rates have resulted in a higher disposable income and a greater demand for home furnishings. As more people move from rural areas to cities, there is a need for furniture that is both functional and space-saving. This has led to a surge in demand for compact and multifunctional kitchen and dining furniture. Furthermore, the expansion of e-commerce and online shopping platforms has made it easier for African consumers to access a wider range of furniture options. Online retailers offer a convenient and hassle-free shopping experience, allowing customers to browse and compare different products from the comfort of their homes. This has significantly contributed to the growth of the Kitchen & Dining Furniture market in Africa. In conclusion, the Kitchen & Dining Furniture market in Africa is developing due to shifting

Customer preferences: towards modern and stylish designs, an increasing demand for eco-friendly and sustainable materials,

Local special circumstances: that emphasize cultural identity and heritage, and

Underlying macroeconomic factors: such as a rising middle class and the expansion of e-commerce.

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.