Lamps & Lighting - Zambia | Statista Market Forecast

In Zambia, the revenue generated in the Lamps & Lighting market in 2024 amounts to US$57.58k.
It is projected that the market will experience an annual growth rate of -14.65% (CAGR 2024-2029).
When compared to other countries worldwide, United States generates the highest revenue in this segment, reaching US$32bn in 2024.
In terms of per person revenues, in Zambia, each individual generates US$0.00 in 2024.
Zambia's growing demand for sustainable lighting solutions is driving the adoption of solar-powered lamps and energy-efficient LED lighting in the market.

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 Zambia has been experiencing significant growth in recent years, driven by changing customer preferences and trends in the market.

Customer preferences: in the Lamps & Lighting market in Zambia have shifted towards more energy-efficient and sustainable lighting solutions. This can be attributed to increasing awareness about the environmental impact of traditional lighting options and the need to reduce energy consumption. Customers are now opting for led lighting products, which offer greater energy efficiency and longer lifespan compared to traditional incandescent bulbs. Additionally, there is a growing demand for smart lighting systems that can be controlled remotely through mobile devices, providing convenience and energy savings.

Trends in the market: indicate a strong focus on innovation and technological advancements. Lighting manufacturers in Zambia are investing in research and development to introduce new products and solutions that meet the evolving needs of customers. This includes the development of smart lighting systems, which can be integrated with home automation systems to provide enhanced functionality and convenience. Furthermore, there is a growing trend towards the use of solar-powered lighting solutions, particularly in rural areas where access to electricity is limited. This not only addresses the energy needs of the population but also contributes to the overall sustainability goals of the country. Local special circumstances in Zambia also contribute to the development of the Lamps & Lighting market. The government has implemented various initiatives and policies to promote energy efficiency and renewable energy sources. This includes the introduction of subsidies and incentives for the adoption of energy-efficient lighting solutions. Additionally, the growing urbanization and infrastructure development in the country have led to an increased demand for lighting products in both residential and commercial sectors. This presents opportunities for lighting manufacturers and suppliers to expand their market presence and cater to the growing demand. Underlying macroeconomic factors, such as population growth and economic development, also play a role in the development of the Lamps & Lighting market in Zambia. With a growing population and increasing disposable income, there is a higher demand for lighting products and solutions. Rising urbanization and the expansion of the middle class further contribute to the market growth. Moreover, the government's focus on infrastructure development and the construction sector creates additional demand for lighting products in the commercial and industrial segments. In conclusion, the Lamps & Lighting market in Zambia is experiencing growth due to changing customer preferences towards energy-efficient and sustainable lighting solutions. The market is driven by trends in innovation and technological advancements, as well as

Local special circumstances: such as government initiatives and infrastructure development. The

Underlying macroeconomic factors: of population growth and economic development further contribute to the market expansion.

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.