Home Décor - Egypt

Egypt

The Home Décor market Segment in Egypt is expected to generate a revenue of US$482.40m in 2024.
It is projected to experience an annual growth rate of 4.12% (CAGR 2024-2029).
When compared globally, in the United States leads in revenue generation with US$35,440m in 2024.
In terms of per capita figures, the revenue generated per person in Egypt is US$4.21 in 2024.
The demand for traditional Egyptian home décor items, such as intricately designed rugs and handcrafted furniture, is experiencing a resurgence in Egypt.

Key regions: India, France, United States, Canada, Denmark

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Analyst Opinion

The Home Décor market in Egypt is experiencing significant growth and development, driven by several key factors. Customer preferences in the Home Décor market in Egypt are shifting towards more modern and contemporary styles. Consumers are increasingly looking for sleek and minimalist designs that create a sense of space and openness in their homes. This trend is influenced by global design trends and the desire for a more cosmopolitan lifestyle. Additionally, there is a growing demand for sustainable and eco-friendly home décor products, as consumers become more conscious of the environmental impact of their purchases. Trends in the market include the rise of online shopping for home décor products. With the increasing penetration of internet and smartphones in Egypt, consumers are turning to online platforms to browse and purchase home décor items. This trend is driven by the convenience and wide range of options available online, as well as the ability to compare prices and read customer reviews. Online retailers are also capitalizing on this trend by offering personalized recommendations and virtual room design services, enhancing the overall shopping experience for consumers. Local special circumstances in Egypt also contribute to the development of the Home Décor market. The country has a rich cultural heritage and a long history of craftsmanship, which is reflected in the unique and intricate designs of Egyptian home décor products. This cultural heritage is a source of pride for many Egyptians, and there is a growing demand for locally made home décor items that showcase traditional Egyptian craftsmanship. Additionally, the tourism industry in Egypt plays a significant role in the Home Décor market, as tourists often purchase souvenirs and home décor items to bring back home. Underlying macroeconomic factors are also driving the growth of the Home Décor market in Egypt. The country's population is growing rapidly, with a large proportion of young and urban dwellers who are entering the housing market and looking to furnish their homes. Rising disposable incomes and a growing middle class are also contributing to increased spending on home décor products. Furthermore, government initiatives to promote the real estate sector and urban development are creating opportunities for the Home Décor market, as new housing projects and commercial spaces require interior design and furnishing. In conclusion, the Home Décor market in Egypt is experiencing growth and development due to shifting

Customer preferences: the rise of online shopping,

Local special circumstances: and

Underlying macroeconomic factors:. As the market continues to evolve, it is important for businesses to stay updated with the latest trends and cater to the changing needs and preferences of Egyptian consumers.

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.