Living Room Furniture - Egypt

Egypt

In 2024, Egypt's Living Room Furniture market generates a revenue of US$0.70bn.
This market is projected to experience an annual growth rate of 4.92% (CAGR 2024-2029).
When compared globally, in the United States leads in revenue generation, with US$73,080m in 2024.
Looking at per capita figures, in 2024, each person in Egypt contributes US$6.08 in revenue.
Egyptian consumers are increasingly embracing modern and minimalist living room furniture designs, reflecting a shift towards sleek and contemporary aesthetics in the country's home decor preferences.

Key regions: China, Germany, Brazil, France, United States

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Analyst Opinion

The Living Room Furniture market in Egypt has been experiencing significant growth in recent years. Customer preferences have shifted towards more modern and contemporary designs, with a focus on functionality and space optimization. Additionally, there has been an increased demand for eco-friendly and sustainable furniture options.

Customer preferences: Egyptian consumers have shown a strong preference for modern and contemporary living room furniture designs. This can be attributed to the influence of global design trends and the desire for a more minimalist and streamlined aesthetic. Customers are also looking for furniture that offers functionality and space optimization, especially in smaller living spaces. Multi-purpose furniture, such as sofa beds and storage ottomans, are particularly popular choices.

Trends in the market: One of the key trends in the Living Room Furniture market in Egypt is the growing demand for eco-friendly and sustainable furniture options. Consumers are becoming more conscious of the environmental impact of their purchasing decisions and are actively seeking out furniture made from sustainable materials, such as bamboo or recycled wood. This trend is driven by a combination of factors, including increased awareness of climate change and a desire to support ethical and responsible manufacturing practices. Another trend in the market is the rise of online furniture shopping. With the increasing availability of e-commerce platforms and the convenience of online shopping, more consumers are turning to the internet to purchase their living room furniture. This trend has been further accelerated by the COVID-19 pandemic, which has limited physical shopping options and encouraged consumers to explore online alternatives.

Local special circumstances: Egypt's growing middle class and urbanization have contributed to the growth of the Living Room Furniture market. As more people move to cities and experience an increase in disposable income, the demand for quality and stylish furniture has risen. Additionally, the government's focus on promoting tourism has also had a positive impact on the market, as hotels and resorts require furniture for their guest rooms and common areas.

Underlying macroeconomic factors: The Living Room Furniture market in Egypt is influenced by several macroeconomic factors. The country's stable economic growth and increasing consumer purchasing power have created a favorable environment for the market to thrive. Additionally, the government's efforts to attract foreign investment and promote manufacturing have contributed to the availability of a wide range of furniture options at competitive prices. In conclusion, the Living Room Furniture market in Egypt is experiencing growth due to customer preferences for modern and functional designs, the increasing demand for eco-friendly options, and the rise of online shopping. The country's growing middle class, urbanization, and government initiatives also play a significant role in driving the market's development.

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.