Home Décor - Gabon | Statista Market Forecast

In Gabon, the revenue in the Home Décor market Segment is recorded at US$18.64m in 2024.
It is projected to experience an annual growth rate of 1.31% (CAGR 2024-2029).
When compared to the global market, United States leads with a revenue of US$35bn in 2024.
Looking at the per capita figures, each person in Gabon generates revenues of US$7.50 in 2024.
Gabonese consumers are increasingly embracing traditional Gabonese artwork and handicrafts as part of their home décor choices.

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 Gabon is experiencing significant growth and development, driven by changing customer preferences and the influence of global trends.

Customer preferences: in the Home Décor market in Gabon are shifting towards modern and contemporary styles, with an emphasis on minimalism and functionality. Consumers are increasingly seeking products that are not only aesthetically pleasing, but also practical and durable. This preference for modern designs is influenced by global trends, as consumers are exposed to a wide range of home décor options through social media and online platforms. Additionally, there is a growing interest in eco-friendly and sustainable products, as consumers become more conscious of the environmental impact of their purchases. Trends in the market include the rise of online retail and the increasing popularity of diy home décor projects. Online retail platforms provide consumers with a convenient and accessible way to browse and purchase home décor products. This trend is particularly significant in Gabon, where the retail infrastructure is still developing. diy home décor projects are also gaining traction, as consumers enjoy the creative process and the ability to customize their living spaces. This trend is fueled by the availability of diy tutorials and inspiration on social media platforms. Local special circumstances in Gabon also contribute to the development of the Home Décor market. Gabon is experiencing rapid urbanization, with a growing middle class and an increasing number of urban dwellers. This urbanization trend creates a demand for home décor products, as consumers seek to create comfortable and stylish living spaces in their urban homes. Additionally, Gabon has a rich cultural heritage, and there is a growing interest in incorporating traditional Gabonese elements into home décor. This presents opportunities for local artisans and craftsmen to showcase their skills and create unique, culturally-inspired home décor products. Underlying macroeconomic factors, such as economic growth and disposable income levels, also play a role in the development of the Home Décor market in Gabon. As the economy grows and disposable incomes increase, consumers have more purchasing power to invest in home décor products. Additionally, the government's focus on infrastructure development and urbanization initiatives further support the growth of the Home Décor market, as it creates a conducive environment for the construction and renovation of homes. In conclusion, the Home Décor market in Gabon is experiencing growth and development driven by changing customer preferences, global trends,

Local special circumstances: and

Underlying macroeconomic factors:. As consumers in Gabon seek modern and functional home décor products, the market is adapting to meet their needs. The rise of online retail and the popularity of diy projects further contribute to the market's growth. With gabon's rapid urbanization and rich cultural heritage, there are ample opportunities for the Home Décor market to thrive and innovate.

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.