Lamps & Lighting - Gambia | Statista Market Forecast

In Gambia, the revenue in the Lamps & Lighting market is estimated to be US$1.82m in 2024.
It is projected to experience an annual growth rate of 3.76% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, reaching US$32bn in 2024.
In terms of per capita figures, the revenue per person in Gambia is US$0.64 in 2024.
Gambian consumers are increasingly opting for energy-efficient LED lamps to combat frequent power outages and high electricity costs.

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 Gambia has been experiencing steady growth in recent years. Customer preferences for energy-efficient and eco-friendly lighting solutions have been driving this trend. Additionally, the local special circumstances in Gambia, such as the need for reliable and affordable lighting in rural areas, have also contributed to the development of the market.

Customer preferences: in the Lamps & Lighting market in Gambia have shifted towards energy-efficient and eco-friendly lighting solutions. This is in line with global trends, as consumers are becoming more conscious of their environmental impact and are seeking sustainable options. led lighting, in particular, has gained popularity due to its energy efficiency and long lifespan. Customers in Gambia are also looking for lighting solutions that are affordable and easy to maintain, which further drives the demand for led lighting. The market in Gambia is also influenced by

Local special circumstances:. In many rural areas of the country, access to reliable electricity is limited. This has created a demand for off-grid lighting solutions, such as solar-powered lamps. These lamps provide a reliable and sustainable lighting source for communities that are not connected to the national electricity grid. The government of Gambia has also recognized the importance of providing reliable lighting to rural areas and has implemented initiatives to promote the use of solar-powered lamps. Underlying macroeconomic factors also contribute to the development of the Lamps & Lighting market in Gambia. The country has been experiencing economic growth in recent years, which has led to an increase in disposable income and consumer spending. This has resulted in a higher demand for consumer goods, including lighting products. Additionally, the government of Gambia has been investing in infrastructure development, including the expansion of the electricity grid. This has created opportunities for the Lamps & Lighting market to grow and cater to the increased demand for lighting products. In conclusion, the Lamps & Lighting market in Gambia is developing in response to customer preferences for energy-efficient and eco-friendly lighting solutions. The local special circumstances, such as the need for reliable and affordable lighting in rural areas, also contribute to the growth of the market. The

Underlying macroeconomic factors: including economic growth and infrastructure development, further support the development of the market. Overall, the Lamps & Lighting market in Gambia is expected to continue growing as customers seek sustainable and affordable lighting solutions.

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.