Outdoor Furniture - Kenya

Kenya

In Kenya, the revenue generated in the Outdoor Furniture market in 2024 amounts to €33.54m.
It is projected that the market will experience an annual growth rate of 2.55% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads the pack with a revenue of €16,940m in 2024.
Looking at the revenue in relation to the total population, the per person revenue in Kenya for 2024 is €0.60.
Kenya's outdoor furniture market is thriving as more people embrace the country's natural beauty and seek to create comfortable outdoor living spaces.

Key regions: Brazil, China, France, India, Germany

Marché

Région

Comparaison de régions

Monnaie

Analyst Opinion

The Outdoor Furniture market in Kenya is experiencing significant growth due to changing customer preferences, emerging trends in the market, and local special circumstances.

Customer preferences: in the Outdoor Furniture market in Kenya have shifted towards products that are durable, stylish, and environmentally friendly. Customers are increasingly looking for furniture that can withstand the harsh weather conditions in Kenya, such as intense sunlight and heavy rain. They also prefer furniture that is aesthetically pleasing and can enhance the overall look of their outdoor spaces. In addition, there is a growing demand for eco-friendly and sustainable outdoor furniture options, as customers become more conscious of the environmental impact of their purchasing decisions.

Trends in the market: indicate a growing interest in outdoor living and entertaining spaces in Kenya. With the country's favorable climate, more and more people are investing in outdoor spaces such as gardens, patios, and balconies, where they can relax and entertain guests. This trend has led to an increased demand for outdoor furniture that is comfortable, functional, and can withstand the outdoor elements. Additionally, there is a rising popularity of outdoor dining sets and loungers, as people seek to create a seamless transition between their indoor and outdoor living spaces.

Local special circumstances: also contribute to the development of the Outdoor Furniture market in Kenya. The country's tourism industry, which attracts a large number of international and domestic tourists, plays a crucial role in driving the demand for outdoor furniture. Hotels, resorts, and lodges in Kenya are constantly upgrading their outdoor spaces to provide a memorable experience for their guests. This creates a continuous demand for high-quality outdoor furniture that can withstand heavy usage and maintain its appeal over time. Underlying macroeconomic factors also contribute to the growth of the Outdoor Furniture market in Kenya. The country's steady economic growth and rising disposable incomes have increased the purchasing power of consumers, enabling them to invest in outdoor furniture. Additionally, the expanding middle class in Kenya is driving the demand for outdoor furniture, as more individuals aspire to create comfortable and stylish outdoor living spaces. In conclusion, the Outdoor Furniture market in Kenya is experiencing growth due to changing customer preferences, emerging trends in the market, local special circumstances, and

Underlying macroeconomic factors:. Customers are increasingly seeking durable and stylish outdoor furniture options, while trends indicate a growing interest in outdoor living and entertaining spaces. The country's tourism industry and expanding middle class also contribute to the development of the market. Overall, the Outdoor Furniture market in Kenya presents significant opportunities for businesses in the industry.

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.