Lamps & Lighting - Ethiopia | Statista Market Forecast

Ethiopia's revenue in the Lamps & Lighting market in 2024 reaches US$36.61m.
It is projected that this market will experience an annual growth rate of -21.33% (CAGR 2024-2029).
When compared to the global market, United States generates the highest revenue with US$32bn in 2024.
In terms of per capita revenue, in Ethiopia generates US$0.28 per person in 2024.
Ethiopia's market for lamps and lighting is experiencing a surge in demand as the country's urbanization and infrastructure development projects continue to grow.

Definition:

The Lamps & Lighting segment covers different types of lamps and lights found inside buildings to provide light to carry out activities. This segment includes table and floor lamps, chandeliers, ceiling lights as well as other lamps and light fittings commonly found indoors. Candles, consumer electronics, and household appliances are not included in this segment.

Structure:

The Lamps & Lighting segment is divided into three subsegments:

The Table & Floor Lamps subsegment covers lighting fixtures designed to provide task or ambient lighting to indoor spaces. These lamps typically consist of a base, a stem, and a lampshade and contribute to the overall decor of a room while providing functional lighting.
The Ceiling Lights & Chandeliers subsegment refers to lighting fixtures that are mounted on ceilings to provide ambient lighting. These fixtures range from simple to elaborate lighting fixtures and are available in a variety of styles, sizes, and materials to suit different interior design tastes.
The Light Bulbs and Fittings subsegment includes products such as light bulbs, sockets, and other accessories used to provide and control lighting in indoor spaces.

Additional Information:

The Lamps & Lighting 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.

Chandeliers, wall, and ceiling lights
Standing lamps
Decoration lighting such as Christmas tree lighting
Light bulbs and fittings

Candles
Consumer electronics
Household appliances

The Lamps & Lighting market in Ethiopia has been experiencing significant growth in recent years. Customer preferences have shifted towards energy-efficient and sustainable lighting solutions, driving the demand for LED lamps and lighting fixtures. Additionally, the government's initiatives to promote renewable energy and reduce carbon emissions have further fueled the market growth.

Customer preferences: In line with global trends, Ethiopian customers are increasingly opting for energy-efficient lighting solutions. LED lamps and lighting fixtures have gained popularity due to their long lifespan, low energy consumption, and cost-effectiveness. Customers are also becoming more conscious of the environmental impact of their choices and are therefore inclined towards sustainable lighting options.

Trends in the market: The Lamps & Lighting market in Ethiopia is witnessing a shift towards LED technology. LED lamps offer numerous advantages over traditional incandescent and fluorescent lamps, such as lower energy consumption, longer lifespan, and better quality of light. As a result, there has been a steady decline in the demand for conventional lighting products. Moreover, the market is experiencing a growing demand for smart lighting solutions. With the advancement of technology, customers are increasingly adopting lighting systems that can be controlled remotely through smartphones or voice assistants. This trend is driven by the convenience and flexibility that smart lighting offers, allowing users to adjust the brightness, color, and timing of the lights according to their preferences.

Local special circumstances: Ethiopia has been focusing on expanding its electricity infrastructure and improving access to electricity in both urban and rural areas. As a result, there has been a significant increase in the number of households with access to electricity. This has created a favorable environment for the growth of the Lamps & Lighting market, as more households are now able to afford and utilize lighting products. Furthermore, the government of Ethiopia has implemented policies and initiatives to promote renewable energy and reduce carbon emissions. This has led to increased awareness and adoption of energy-efficient lighting solutions, as customers are encouraged to make sustainable choices. The government's efforts to improve energy efficiency and reduce energy consumption have created a conducive environment for the growth of the Lamps & Lighting market.

Underlying macroeconomic factors: Ethiopia's economy has been experiencing steady growth in recent years, leading to an increase in disposable income and consumer spending. This has positively impacted the Lamps & Lighting market, as customers have more purchasing power to invest in lighting products. Additionally, the construction sector in Ethiopia has been growing rapidly, creating a demand for lighting fixtures in residential, commercial, and industrial buildings. Furthermore, the government's focus on industrialization and urbanization has led to the development of infrastructure projects, including the construction of new cities and industrial zones. These projects require adequate lighting solutions, further driving the demand for lamps and lighting fixtures. In conclusion, the Lamps & Lighting market in Ethiopia is developing rapidly due to customer preferences for energy-efficient and sustainable lighting solutions, the shift towards LED technology, the growing demand for smart lighting solutions, the government's initiatives to promote renewable energy, the expansion of the electricity infrastructure, and the overall economic growth of the country.

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.