Living Room Furniture - Cameroon | Statista Market Forecast

In Cameroon, the Living Room Furniture market generates a revenue of US$59.26m in 2024.
It is projected to have an annual growth rate of 2.17% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue of US$73bn in 2024.
In terms of per person revenues, in 2024, each person in Cameroon contributes US$2.02 to the total revenue.
Cameroon's living room furniture market is witnessing a surge in demand for locally crafted, eco-friendly pieces, reflecting a growing preference for sustainable and authentic products.

Definition:

This Living Room Furniture segment refers to movable objects that are designed to be used in a living room, which is typically a central and multi-functional space in a home. It includes items that are intended to make the room more comfortable and functional, such as seating, tables, and storage unts (e.g., TV stands, console tables, etc.)

Structure:

The Living Room Furniture segment is divided into two subsegments:

The Seats & Sofas subsegment refers to furniture designed for sitting, lounging, or reclining, and typically includes items such as sofas, armchairs, recliners, and ottomans.
The Cabinets, TV Stands, & Side Tables subsegment refers to furniture items that are designed to store or hold various objects such as media equipment, drinks, books, or lamps.

Additional Information:

The Living Room Furniture 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.

Sofas and armchairs, dining chairs
Bar tables and chairs, stools, and benches
Coffee, console, and side tables
TV and media furniture

Consumer electronics
Household appliances
Lamps and lighting
Floor covering

The Living Room Furniture market in Cameroon is experiencing steady growth due to changing customer preferences, emerging trends in the market, and local special circumstances.

Customer preferences: in the Living Room Furniture market in Cameroon are shifting towards modern and contemporary designs. Customers are increasingly looking for furniture that is not only functional but also aesthetically pleasing. This shift in preference is driven by the desire for a more stylish and sophisticated living space. Additionally, customers are also placing importance on the durability and quality of the furniture, as they seek long-lasting investments for their homes.

Trends in the market: indicate a growing demand for multifunctional furniture in Cameroon. With limited space in many homes, customers are looking for furniture that can serve multiple purposes. This includes items such as sofa beds, storage ottomans, and modular furniture that can be rearranged to fit different layouts. The rise of remote work and the need for home offices has also led to an increased demand for functional and ergonomic workstations within the living room.

Local special circumstances: in Cameroon contribute to the development of the Living Room Furniture market. The country has a growing middle class population, which has resulted in an increase in disposable income. This has allowed more households to invest in higher quality furniture and upgrade their living spaces. Additionally, urbanization and the growth of cities in Cameroon have led to a higher demand for furniture as people move into new homes or renovate their existing ones. Underlying macroeconomic factors also play a role in the development of the Living Room Furniture market in Cameroon. The country's stable economic growth, coupled with low inflation rates, has created a favorable environment for consumer spending. This has positively impacted the furniture market as customers feel more confident in making larger purchases. Additionally, the government's focus on infrastructure development and urbanization has created opportunities for furniture retailers to expand their reach and cater to a wider customer base. In conclusion, the Living Room Furniture market in Cameroon is experiencing growth driven by changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. The shift towards modern designs, the demand for multifunctional furniture, the growing middle class population, and the stable economic environment all contribute to the development of the market. As customers continue to prioritize style, functionality, and quality, the market is expected to continue its positive trajectory in the coming years.

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.