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Bookcases & Filing Cabinets - Equatorial Guinea

Equatorial Guinea
  • in Equatorial Guinea, a country in West Africa, also contributes to the revenue in the Bookcases & Filing Cabinets market.
  • In 2024, the revenue from this segment in Equatorial Guinea amounts to US$720.00k.
  • This represents a significant contribution to the global market.
  • Looking ahead, the market is projected to grow annually by -6.48% from 2024 to 2029, according to the compound annual growth rate (CAGR).
  • This indicates a positive trend in the demand for bookcases and filing cabinets in Equatorial Guinea.
  • However, when compared to the global market, Equatorial Guinea's revenue in this segment is relatively small.
  • The United States, for instance, generates the highest revenue Worldwide, amounting to US$5bn in 2024.
  • This stark contrast highlights the difference in market size and consumer demand between in Equatorial Guinea and United States.
  • In terms of per person revenues, in Equatorial Guinea generates US$0.41 in 2024.
  • This figure reflects the average revenue generated per individual in the country.
  • It is important to consider the population size and economic factors when analyzing per person revenues.
  • Overall, while in Equatorial Guinea makes a contribution to the Bookcases & Filing Cabinets market, it is clear that there is room for growth and development in this market within the country.
  • Equatorial Guinea's growing demand for sleek, modern bookcases and filing cabinets reflects its increasing focus on organization and efficiency in both homes and offices.

Definition:

Bookcases, drawers, and filing cabinets are must-have pieces of furniture for a well-organized office environment. Bookcases provide the ideal storage space for books and filing cabinets are used to store documents and other small items. Furniture such as cabinets and TV stands which are not specifically used for work-purposes are not included in this market.

Additional Information:

The Bookcases & Filing Cabinets subsubsegment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This subsubsegment 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.

In-Scope

  • Filing cabinets
  • Bookcases
  • Drawers

Out-Of-Scope

  • TV stands
  • Side and console tables
  • Kitchen carts

Revenue

Notes: Data was converted from local currencies using average exchange rates of the respective year.

Most recent update: Nov 2024

Source: Statista Market Insights

Most recent update: Jul 2024

Source: Statista Market Insights

Most recent update: Nov 2024

Source: Statista Market Insights

Global Comparison

Most recent update: Nov 2024

Source: Statista Market Insights

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 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.

Key Market Indicators

Notes: Based on data from IMF, World Bank, UN and Eurostat

Most recent update: Sep 2024

Source: Statista Market Insights

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