Lamps & Lighting - Zimbabwe

Zimbabwe

In Zimbabwe, the revenue generated in the Lamps & Lighting market in 2024 amounts to US$17.50m.
It is projected that the market will experience an annual growth rate of 5.95% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States generates the highest revenue in this segment, with US$31,960m in 2024.
Looking at the per capita figures, in 2024, each person in Zimbabwe contributes US$1.03 in revenue to this sector.
Despite the economic challenges faced by Zimbabwe, the demand for energy-efficient lamps and lighting solutions is on the rise due to the need for cost-saving measures.

Key regions: Brazil, China, Denmark, United Kingdom, Worldwide

Market

Region

Region comparison

Currency

Analyst Opinion

The Lamps & Lighting market in Zimbabwe is experiencing significant growth due to changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in the Lamps & Lighting market in Zimbabwe are shifting towards energy-efficient and eco-friendly products. Consumers are becoming more conscious of their environmental impact and are actively seeking out lighting solutions that are both energy-saving and sustainable. This preference for energy-efficient lamps and lighting fixtures is driven by the desire to reduce electricity costs and minimize carbon emissions. Additionally, consumers are also looking for innovative and stylish designs that complement their interior decor. Trends in the market include the increasing adoption of led lighting technology. led lights are known for their energy efficiency, long lifespan, and low maintenance requirements. This has led to a surge in demand for led lamps and fixtures in Zimbabwe. The declining prices of led lights have also made them more affordable and accessible to a wider range of consumers. Moreover, the government has implemented initiatives to promote the use of led lighting in order to reduce energy consumption and carbon emissions. Another trend in the Lamps & Lighting market in Zimbabwe is the growing popularity of smart lighting solutions. Smart lighting systems allow users to control and customize their lighting settings through mobile applications or voice commands. This technology offers convenience, energy efficiency, and the ability to create different lighting moods for various occasions. The increasing availability of smart home devices and the rising adoption of Internet of Things (iot) technology have contributed to the growth of smart lighting in Zimbabwe.

Local special circumstances: in Zimbabwe also play a role in the development of the Lamps & Lighting market. The country has been facing frequent power outages and electricity shortages, which have led to a greater demand for alternative lighting solutions. This has created opportunities for solar-powered lamps and lighting systems, as they provide a reliable and sustainable source of lighting during power cuts. The government has also implemented policies to promote the use of solar energy, further driving the demand for solar-powered lighting solutions. Underlying macroeconomic factors, such as economic growth and urbanization, also contribute to the development of the Lamps & Lighting market in Zimbabwe. As the economy grows and the middle class expands, there is an increasing disposable income and purchasing power among consumers. This has led to a higher demand for quality lighting products and fixtures. Additionally, urbanization has resulted in the construction of new residential and commercial buildings, creating a need for lighting solutions in these spaces. In conclusion, the Lamps & Lighting market in Zimbabwe is experiencing growth driven by changing customer preferences, emerging trends such as led lighting and smart lighting, local special circumstances including power shortages, and

Underlying macroeconomic factors: such as economic growth and urbanization. The market is expected to continue expanding as consumers prioritize energy efficiency, sustainability, and innovative designs in their lighting choices.

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 segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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.