Lamps & Lighting - Kenya | Statista Market Forecast

In Kenya, the revenue in the Lamps & Lighting market reaches US$51.30m in the year 2024.
It is projected that the market will experience an annual growth rate of 2.22% (CAGR 2024-2029).
When compared to other countries worldwide, United States leads in revenue generation, reaching US$32bn in 2024.
Considering the total population, the per capita revenue in Kenya amounts to US$0.91 in 2024.
Kenya is experiencing a surge in demand for solar-powered lamps as a sustainable and cost-effective lighting solution.

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 Kenya is experiencing significant growth due to several key factors. Customer preferences are shifting towards more energy-efficient and sustainable lighting options, driving the demand for led lamps and lighting fixtures. Additionally, the government's initiatives to promote renewable energy and reduce carbon emissions have further boosted the market. The local special circumstances, such as the increasing urbanization and the rise in disposable income, have also contributed to the growth of the market. Furthermore, the underlying macroeconomic factors, including the steady economic growth, favorable investment climate, and supportive government policies, have created a conducive environment for the development of the Lamps & Lighting market in Kenya.

Customer preferences: in Kenya are increasingly focused on energy efficiency and sustainability. Consumers are becoming more aware of the environmental impact of traditional lighting options and are opting for led lamps and lighting fixtures. led technology offers significant energy savings and has a longer lifespan compared to traditional incandescent bulbs. Moreover, led lamps are available in a wide range of designs and colors, allowing customers to choose lighting options that suit their preferences and interior decor. The growing demand for led lamps is driving the overall growth of the Lamps & Lighting market in Kenya. The market is also witnessing a trend towards smart lighting solutions. With the increasing adoption of smart home technology, customers are looking for lighting options that can be controlled remotely through mobile apps or voice commands. Smart lighting systems offer convenience, energy efficiency, and customization options, making them popular among tech-savvy consumers. This trend is expected to further drive the growth of the Lamps & Lighting market in Kenya.

Local special circumstances: in Kenya, such as the increasing urbanization and rise in disposable income, have contributed to the growth of the Lamps & Lighting market. As more people move to urban areas and invest in their homes, there is a higher demand for lighting fixtures and lamps. The rise in disposable income has also enabled consumers to spend more on home improvement and interior decor, including lighting. Additionally, the growing hospitality and tourism industry in Kenya has created a demand for high-quality lighting solutions in hotels, restaurants, and other commercial establishments.

Underlying macroeconomic factors: have played a crucial role in the development of the Lamps & Lighting market in Kenya. The country has experienced steady economic growth in recent years, leading to increased consumer spending power. The favorable investment climate, with supportive government policies and initiatives, has attracted both domestic and international players to invest in the market. The government's focus on promoting renewable energy and reducing carbon emissions has also created opportunities for the Lamps & Lighting market, as energy-efficient lighting options align with these objectives. In conclusion, the Lamps & Lighting market in Kenya is experiencing significant growth driven by customer preferences for energy-efficient and sustainable lighting options, the trend towards smart lighting solutions, local special circumstances such as urbanization and rising disposable income, and underlying macroeconomic factors including steady economic growth and supportive government policies.

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.