Living Room Furniture - Central Africa

In Central Africa, the Living Room Furniture market generates a revenue of US$382.50m in 2024.
It is projected to experience an annual growth rate of 4.10% (CAGR 2024-2029).
When compared globally, United States leads with a revenue of US$73bn in 2024.
In terms of per person revenues, US$3.96 is generated in 2024.
Central Africa's living room furniture market is experiencing a surge in demand for locally sourced, eco-friendly, and handcrafted pieces.

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 Central Africa has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends, and local special circumstances.

Customer preferences: in the Living Room Furniture market in Central Africa have shifted towards more modern and contemporary designs. Customers are increasingly looking for furniture pieces that are not only functional but also aesthetically pleasing. This trend is in line with global market preferences, as consumers worldwide are seeking furniture that reflects their personal style and complements their living spaces. Additionally, customers in Central Africa are placing a greater emphasis on quality and durability, as they seek furniture that can withstand the region's harsh climate conditions. The market in Central Africa has also witnessed the emergence of eco-friendly and sustainable furniture options. As environmental concerns continue to gain traction globally, customers in Central Africa are becoming more conscious of the impact of their purchasing decisions on the environment. This has led to a growing demand for furniture made from sustainable materials and produced using environmentally-friendly manufacturing processes. Manufacturers and retailers in the region are responding to this trend by offering a wide range of eco-friendly furniture options, including those made from recycled materials and certified sustainable wood.

Local special circumstances: in Central Africa have also influenced the development of the Living Room Furniture market. The region's growing urbanization and rising middle class have contributed to an increase in demand for furniture. As more people move to urban areas and their incomes rise, they are investing in improving their living spaces, including their living rooms. This has created a significant market opportunity for furniture manufacturers and retailers in Central Africa, who are capitalizing on this trend by expanding their product offerings and distribution networks. Underlying macroeconomic factors have also played a role in the development of the Living Room Furniture market in Central Africa. Economic growth in the region has been relatively strong in recent years, leading to increased disposable incomes and consumer spending. This has provided a favorable environment for the furniture market to thrive, as consumers have more purchasing power to invest in furniture for their living rooms. Additionally, the region's growing population and rapid urbanization have created a larger consumer base for furniture products. In conclusion, the Living Room Furniture market in Central Africa is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. As customers in the region increasingly seek modern and contemporary designs, eco-friendly options, and high-quality furniture, manufacturers and retailers are adapting their offerings to meet these demands. With the region's urbanization and rising middle class, the market is expected to continue growing 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.