Bedroom Furniture - Angola | Statista Market Forecast

In Angola, revenue in the Bedroom Furniture market reaches US$116.20m in 2024.
The market is projected to experience an annual growth rate of 6.52% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue with US$41bn in 2024.
Moreover, in terms of per capita figures, each person in Angola generates US$3.07 in revenue in 2024.
Angola's demand for high-quality, locally-made bedroom furniture is surging, driven by a growing middle class and a preference for stylish and durable furniture pieces.

Definition:

The Bedroom Furniture segment refers to those movable objects that are designed to be used in a bedroom, which is typically a space used for sleeping, dressing, and storage. It includes items such as beds, dressers, nightstands, and wardrobes, which are intended to make the room comfortable, functional, and aesthetically pleasing.

Structure:

The Bedroom Furniture segment is divided into four subsegments:

The Beds subsegment refers to furniture designed primarily for sleeping, which typically consist of a frame and mattress. This subsegment focuses on the frame and covers additional elements such as headboards, footboards, or storage drawers.
The Mattress subsegment refers to the long rectangular pad that is placed on top of a bed frame and is used to provide a comfortable sleeping surface. Mattresses come in a wide variety of sizes, from twin to king, and levels of firmness to suit individual preferences.
The Closets, Nightstands, & Dressers subsegment includes a range of storage furniture designed for bedrooms. These pieces are used to store and organize clothing, linens, and personal items, providing both functional and aesthetic value to the space.
The Bedding subsegment refers to products designed to enhance the comfort and functionality of a bed, including sheets, blankets, comforters, pillows, and mattress toppers. These products are available in a range of materials, styles, and sizes to suit individual preferences and needs.

Additional Information:

The Bedroom Furniture segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment 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.

Beds
Mattresses
Beddings
Dressers, nightstands, and closets

Consumer electronics
Household appliances
Lamps and lighting
Floor covering

The Bedroom Furniture market in Angola has been experiencing significant growth in recent years. Customer preferences have shifted towards more modern and stylish designs, driving the demand for new and innovative bedroom furniture. Additionally, local special circumstances and underlying macroeconomic factors have also contributed to the development of the market.

Customer preferences: Angolan customers have shown a growing preference for modern and stylish bedroom furniture. They are increasingly looking for furniture pieces that not only provide functionality but also add aesthetic value to their bedrooms. This trend is in line with global preferences, as customers worldwide are also seeking contemporary designs and unique features in their bedroom furniture. As a result, manufacturers and retailers in Angola have been focusing on offering a wide range of modern bedroom furniture options to cater to this demand.

Trends in the market: One of the key trends in the Bedroom Furniture market in Angola is the increasing popularity of multifunctional furniture. Customers are looking for furniture pieces that can serve multiple purposes, such as beds with built-in storage or bedside tables with charging ports. This trend is driven by the need for space optimization in smaller bedrooms, as well as the desire for convenience and practicality. Manufacturers are responding to this trend by incorporating innovative features into their bedroom furniture designs. Another trend in the market is the growing emphasis on sustainability and eco-friendliness. Customers in Angola, like many global consumers, are becoming more conscious of the environmental impact of their purchases. They are actively seeking bedroom furniture made from sustainable materials and produced using eco-friendly manufacturing processes. This trend is pushing manufacturers to adopt more sustainable practices and offer greener options to meet the demand.

Local special circumstances: Angola has been experiencing rapid urbanization and economic growth in recent years. This has led to an increase in disposable income and a growing middle class, which has contributed to the development of the Bedroom Furniture market. As more people move to urban areas and improve their living standards, the demand for quality bedroom furniture has also increased. Additionally, the government's efforts to promote the construction of affordable housing have further boosted the demand for bedroom furniture in the country.

Underlying macroeconomic factors: The Bedroom Furniture market in Angola is also influenced by underlying macroeconomic factors. The country has been diversifying its economy and reducing its reliance on oil revenues. This has resulted in increased investment in various sectors, including construction and real estate. As a result, there has been a surge in the construction of residential properties, which has created a demand for bedroom furniture. Furthermore, Angola's favorable demographic profile, with a young and growing population, has also contributed to the development of the market. In conclusion, the Bedroom Furniture market in Angola is experiencing growth due to shifting customer preferences towards modern designs, the adoption of multifunctional and sustainable furniture, local special circumstances such as urbanization and economic growth, and underlying macroeconomic factors such as diversification of the economy and favorable demographics. Manufacturers and retailers in Angola are capitalizing on these trends and factors to meet the growing demand for stylish and functional bedroom furniture in the country.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

From homeware to office furniture, even expanding over to pet care, the furniture industry is all-encompassing and ever-growing. Be it homes, schools, offices, or even outdoors, furniture is what gives a room its function and purpose.