Kitchen & Dining Furniture - Angola

Angola

In Angola, the Kitchen & Dining Furniture market generates a revenue of €36.77m in 2024.
It is projected to experience an annual growth rate of 2.38% (CAGR 2024-2029).
When compared globally, in the United States leads the market with a revenue of €35,620m in 2024.
In terms of per capita revenue, each person generates €0.97 in 2024.
Despite its rich history and cultural significance, Angola has seen a growing demand for modern and minimalist kitchen and dining furniture in recent years.

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

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Kitchen & Dining Furniture market in Angola is experiencing steady growth due to changing customer preferences and local special circumstances.

Customer preferences: in the Kitchen & Dining Furniture market in Angola are shifting towards more modern and stylish designs. Customers are increasingly looking for furniture that not only serves its functional purpose but also adds aesthetic value to their homes. This trend is influenced by global market trends, where consumers are seeking furniture that reflects their personal style and enhances the overall ambiance of their living spaces. As a result, manufacturers in Angola are focusing on producing furniture with sleek designs, clean lines, and contemporary finishes to cater to these evolving customer preferences. In addition to changing customer preferences,

Local special circumstances: are also contributing to the development of the Kitchen & Dining Furniture market in Angola. The country is experiencing rapid urbanization and an increase in disposable income, leading to a growing middle class. As more people move to urban areas and their purchasing power increases, there is a higher demand for quality furniture, including kitchen and dining furniture, to furnish their homes. This trend is further fueled by the fact that Angola has a young population, with a significant portion of the population entering the stage of setting up their own households. Furthermore, underlying macroeconomic factors are also playing a role in the growth of the Kitchen & Dining Furniture market in Angola. The country has been experiencing economic stability and positive gdp growth, which has resulted in increased consumer spending. This economic growth has created a favorable environment for businesses in the furniture industry, as consumers are more willing to invest in durable and high-quality products. Additionally, Angola has been investing in infrastructure development, which has improved transportation and logistics, making it easier for furniture manufacturers to distribute their products across the country. In conclusion, the Kitchen & Dining Furniture market in Angola is developing due to changing customer preferences for modern and stylish designs, local special circumstances such as urbanization and increasing disposable income, and positive macroeconomic factors including economic stability and infrastructure development. As these trends continue, the market is expected to further expand in the coming years.

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.