Lamps & Lighting - Zimbabwe | Statista Market Forecast

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 5.94% (CAGR 2024-2029).
When compared to other countries worldwide, United States generates the highest revenue in this segment, with US$32bn 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.

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 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.

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.