Furniture - Chad | Statista Market Forecast

Furniture - Chad

Chad

Highlights

In 2024, the Furniture market in Chad is expected to generate a revenue of US$51.81m.
This market is projected to grow annually by 1.94% (CAGR 2024-2029).
The largest segment within the Furniture market is the Home Décor segment, which is estimated to have a market volume of US$14.67m in 2024.
When compared globally, United States leads in revenue generation with US$264bn in 2024.
In terms of per capita figures, in 2024, each person in Chad is expected to generate a revenue of US$2.75.
Chad's furniture market is witnessing a surge in demand for locally crafted and sustainable furniture, reflecting the country's growing emphasis on supporting local artisans and eco-friendly practices.

Key regions:

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 definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Furniture market in Chad is experiencing significant growth and development. Customer preferences in the Furniture market in Chad are shifting towards more modern and stylish designs. Customers are now looking for furniture that not only serves its basic function but also adds aesthetic value to their homes. This change in preference can be attributed to the increasing exposure to global trends through social media and the internet. Customers in Chad are now more aware of the latest furniture designs and are demanding similar products in their local market. Trends in the Furniture market in Chad indicate a growing demand for eco-friendly and sustainable furniture. Customers are becoming more conscious of the environmental impact of their purchases and are actively seeking furniture made from renewable materials. This trend is in line with the global shift towards sustainability and can be attributed to increased awareness about climate change and the need for responsible consumption. Another trend in the Furniture market in Chad is the rise of online shopping. Customers are increasingly turning to online platforms to purchase furniture due to the convenience and wider range of options available. This trend is influenced by the global rise of e-commerce and the increasing penetration of internet access in Chad. Online platforms also provide customers with the ability to compare prices and read reviews, which helps them make informed purchasing decisions. Local special circumstances in Chad, such as the limited availability of locally produced furniture, have contributed to the growth of the market. This has created opportunities for international furniture brands to enter the market and cater to the growing demand. Additionally, the relatively low competition in the market presents an advantage for new entrants who can offer unique and innovative products. Underlying macroeconomic factors, such as population growth and urbanization, are driving the development of the Furniture market in Chad. As the population continues to grow, the demand for housing and furniture increases. Urbanization also plays a role as more people move to cities and require furniture for their new homes. These factors create a favorable market environment for the growth of the Furniture industry in Chad. Overall, the Furniture market in Chad is experiencing growth and development driven by changing

Customer preferences: trends towards sustainability, the rise of online shopping,

Local special circumstances: and

Underlying macroeconomic factors:. The market presents opportunities for both local and international furniture brands to cater to the evolving needs and demands of customers in Chad.

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.