Home Décor - Burundi | Statista Market Forecast

In Burundi, the revenue generated in the Home Décor market Segment in 2024 amounts to US$2.06m.
It is projected that the market will experience an annual growth rate of 2.18% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, with a total of US$35bn in 2024.
In terms of per capita revenue, each person in Burundi generates US$0.15 in 2024.
"Burundi's home décor market is embracing traditional craftsmanship and incorporating vibrant African prints to create unique and culturally rich interior designs."

Definition:

The Home Decor segment includes a variety of accessories and furnishings used to make a space more aesthetically appealing. Items in this segment can be found in virtually every room within the home and are typically used to showcase one’s unique style and creativity.

Structure:

The Home Decor segment is divided into four subsegments:

The Decorations subsegment refers to a variety of decorative items that are used to enhance the aesthetics of indoor spaces, such as wall art, decorative objects, vases, and sculptures
The Carpets & Rugs subsegment refers to products designed to cover and enhance the flooring of indoor spaces. These products range from large area rugs to small accent rugs, and are available in a variety of materials, colors, patterns, and textures, providing both functional and aesthetic value to the space.
The Candles subsegment covers decorative and aromatic wax-based products that are commonly used to provide mood lighting and fragrance to indoor spaces.
The Curtains & Blinds subsegment includes products designed to cover windows and regulate the amount of light that enters a room. This segment encompasses a wide range of styles and materials, from traditional drapes and blinds to modern shades and screens.

Additional Information:

The Home Decor 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.

Candles
Curtains
Carpets & Rugs
Decorative Accessories

Flameless & Floating Candles
Shower Curtains
Smart Blinds
Clocks
Plants
Mirrors

The Home Décor market in Burundi is experiencing a steady growth due to the increasing demand for home improvement products and the rising disposable income of consumers. Customer preferences in the Home Décor market in Burundi are influenced by global trends, with consumers seeking products that are both stylish and functional. There is a growing interest in modern and contemporary designs, as well as a preference for eco-friendly and sustainable materials. Consumers are also looking for products that offer convenience and ease of use, such as smart home devices and automated systems. Trends in the market include the popularity of diy (do-it-yourself) projects, as consumers are increasingly interested in personalizing their living spaces. This trend is driven by the desire for uniqueness and individuality, as well as the cost savings associated with diy projects. Additionally, there is a growing demand for customized and personalized home décor products, as consumers seek to create spaces that reflect their personal style and taste. Local special circumstances in Burundi, such as the country's rich cultural heritage and traditional craftsmanship, play a significant role in shaping the Home Décor market. Consumers in Burundi have a strong appreciation for locally-made products, which often feature intricate designs and patterns that are unique to the region. This has created a niche market for traditional home décor items, such as handwoven textiles, pottery, and woodwork. Underlying macroeconomic factors, such as the steady economic growth and urbanization in Burundi, are driving the development of the Home Décor market. As the country's economy continues to expand, more consumers are able to afford home improvement products and invest in their living spaces. Urbanization also plays a role, as more people move to cities and seek to create comfortable and stylish homes. In conclusion, the Home Décor market in Burundi is growing steadily due to the increasing demand for home improvement products,

Customer preferences: for stylish and functional designs, and the influence of global trends. The market is also shaped by

Local special circumstances: such as the country's rich cultural heritage and traditional craftsmanship.

Underlying macroeconomic factors: such as economic growth and urbanization, are driving the development of the market.

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.