Furniture - Algeria

Algeria

In Algeria, the revenue generated in the Furniture market in 2024 amounts to US$1.70bn.
It is projected that the market will experience an annual growth rate of 1.15% (CAGR 2024-2029).
The largest segment within the market is the Living Room Furniture segment, which has a market volume of US$0.61bn in 2024.
When compared globally, in the United States generates the highest revenue in the Furniture market, with a total of US$263bn in 2024.
Taking into account the population figures, the per person revenue generated in Algeria's Furniture market is 0.00 in 2024.
The furniture market in Algeria is experiencing a surge in demand for traditional Algerian-style furniture, reflecting a growing sense of national pride and cultural identity.

Key regions: Worldwide, United States, China, India, Germany

Definition:

The Furniture market covers different movable objects designed to support various human activities such as sitting, sleeping, and storing items. These objects can include chairs, tables, beds, couches, and cabinets, among others. The design and layout of furniture can have a significant impact on the comfort and functionality of a space, making it an important aspect of interior design and home decor.

Structure:

The Furniture market is divided into seven segments:

The Living Room Furniture segment focuses on furnishings such as sofas, side tables, and media cabinets typically found in the living room. This segment is divided into the following subsegments: Seats & Sofas and Cabinets, TV Stands & Side Tables.
The Bedroom Furniture segment covers furnishings and other accessories used for sleeping and the storage of clothing and other personal items. This segment is divided into the following subsegments: Beds, Mattresses, Closets, Nightstands, & Dressers, and Bedding.
The Kitchen & Dining Furniture segment covers a diverse range of products that are used to meet people’s eating, food storage and preparation needs. This segment is divided into the following subsegments: Kitchenware and Dining Tables, Kitchen Islands & Pantries.
The Outdoor Furniture segment covers products specifically designed to withstand exposure to the elements, such as rain, sun, and wind, and is often made from materials that are weather-resistant.
The Home Office Furniture segment focuses on products that ensure a good working environment at home compared to that of a traditional office. This segment is divided into the following subsegments: Desks & Chairs and Bookcases & Filing Cabinets.
The Lamps & Lighting segment covers various devices and fixtures that provide illumination in a space. This segment is divided into the following subsegments: Table & Floor Lamps, Ceiling Lights & Chandeliers, and Light Bulbs & Fittings.
The Home Décor segment covers a variety of accessories and furnishings designed to make a space more aesthetically appealing. This segment is divided into the following subsegments: Decorations, Carpets & Rugs, Candles, and Curtains & Blinds.

Additional Information:

The Furniture market consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This market includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.

Market

Region

Region comparison

Currency

Analyst Opinion

The Furniture market in Algeria is experiencing significant growth and development. Customer preferences are shifting towards modern and stylish furniture, leading to an increase in demand for these products. Additionally, the local special circumstances and underlying macroeconomic factors in Algeria are contributing to the growth of the furniture market.

Customer preferences: in Algeria are evolving, with consumers increasingly seeking modern and stylish furniture. This shift in preferences can be attributed to several factors. Firstly, globalization has made it easier for Algerians to access and be influenced by international design trends. As a result, they are looking for furniture that reflects a contemporary and fashionable aesthetic. Secondly, the rising middle class in Algeria has led to an increase in disposable income, allowing consumers to invest in higher-quality furniture. They are willing to pay a premium for well-designed and durable products that enhance their homes. Trends in the furniture market in Algeria are also influenced by global and regional market trends. One such trend is the growing popularity of eco-friendly and sustainable furniture. Consumers in Algeria are becoming more conscious of the environmental impact of their purchases and are seeking furniture made from sustainable materials. This trend is in line with the global movement towards sustainability and reflects a growing awareness of environmental issues.

Local special circumstances: in Algeria contribute to the growth of the furniture market. Algeria has a young and growing population, which creates a significant demand for housing and furniture. As more young people enter the workforce and establish their own households, the demand for furniture increases. Additionally, urbanization is on the rise in Algeria, with more people moving to cities for better job opportunities. This urbanization trend leads to an increased demand for furniture as people furnish their new homes and apartments.

Underlying macroeconomic factors: also play a role in the development of the furniture market in Algeria. The Algerian economy has been experiencing steady economic growth in recent years, which has resulted in an increase in consumer spending power. This economic growth has been driven by factors such as increased oil and gas production, infrastructure development, and government investment in various sectors. As a result, consumers have more disposable income to spend on furniture and other goods. In conclusion, the Furniture market in Algeria is witnessing growth and development due to shifting customer preferences towards modern and stylish furniture. Global and regional market trends, local special circumstances, and underlying macroeconomic factors all contribute to the growth of the furniture market in Algeria. As the economy continues to grow and consumer preferences evolve, the furniture market is expected to thrive 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 segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.