Home Décor - Mozambique | Statista Market Forecast

In Mozambique, the revenue generated in the Home Décor market Segment in 2024 amounts to US$16.89m.
It is projected that this market will experience an annual growth rate of 2.17% (CAGR 2024-2029).
When compared to the global market, United States generates the highest revenue in this segment, with US$35bn in 2024.
In terms of per capita revenue, each person in Mozambique generates US$0.48 in 2024.
Despite its rich cultural heritage and vibrant art scene, Mozambique's home décor market remains relatively untapped, presenting opportunities for growth and innovation.

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 Mozambique is experiencing significant growth and development due to various factors. Customer preferences are shifting towards more modern and stylish home décor products, leading to an increase in demand for these items. Additionally, the local special circumstances in Mozambique, such as a growing middle class and urbanization, are contributing to the expansion of the Home Décor market.

Customer preferences: in Mozambique are evolving, with a greater emphasis on modern and stylish home décor products. As the country continues to develop and urbanize, consumers are becoming more aware of global trends and are seeking to incorporate these into their homes. This has led to an increased demand for contemporary furniture, decorative accessories, and innovative lighting solutions. Customers are also looking for products that are both functional and aesthetically pleasing, as they strive to create inviting and comfortable living spaces. The Home Décor market in Mozambique is also influenced by global and regional trends. The rise of e-commerce has made it easier for consumers to access a wide range of home décor products from around the world. This has opened up new opportunities for local retailers to offer a diverse selection of products to their customers. Additionally, the increasing focus on sustainability and eco-friendly products has led to a growing demand for environmentally conscious home décor items. Customers are seeking products made from sustainable materials and produced using ethical manufacturing processes.

Local special circumstances: in Mozambique are contributing to the growth of the Home Décor market. The country's middle class is expanding, with more households having disposable income to spend on home furnishings. This has created a larger customer base for home décor retailers, driving sales and market growth. Urbanization is also playing a role, as more people move to cities and seek to create comfortable and stylish living spaces. This has led to an increased demand for home décor products, as individuals and families look to furnish and decorate their new homes. Underlying macroeconomic factors are also driving the development of the Home Décor market in Mozambique. The country's economy has been growing steadily in recent years, leading to an increase in consumer spending power. This has allowed individuals and households to allocate more of their income towards home décor purchases. Additionally, the construction and real estate sectors are experiencing growth, which is creating a demand for home furnishings and décor items. As new homes and buildings are constructed, there is a need to furnish and decorate these spaces, further driving the market for home décor products. In conclusion, the Home Décor market in Mozambique is experiencing growth and development due to changing customer preferences, global and regional trends, local special circumstances, and

Underlying macroeconomic factors:. As consumers seek more modern and stylish home décor products, retailers are responding by offering a diverse range of options. The expansion of the middle class and urbanization in Mozambique are also contributing to the growth of the market. With a growing economy and a demand for home furnishings in the construction sector, the Home Décor market in Mozambique is poised for continued development in the coming years.

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.