Living Room Furniture - Mozambique

Mozambique

In Mozambique, the Living Room Furniture market generated a revenue of US$17.45m in 2024.
It is projected to experience an annual growth rate of -2.04% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads the pack with a revenue of US$73,080m in 2024.
Taking into account the total population figures, the per person revenue in Mozambique for 2024 amounts to US$0.50.
The demand for traditional Mozambican handcrafted living room furniture is growing steadily among local consumers.

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

Market

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Analyst Opinion

The Living Room Furniture market in Mozambique is experiencing significant growth due to several factors. Customer preferences have shifted towards modern and stylish furniture designs, which has led to an increase in demand for living room furniture. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market.

Customer preferences: in Mozambique have evolved over time, with a growing preference for modern and stylish living room furniture. This shift in preferences can be attributed to the influence of global trends and the increasing exposure to international design concepts. Customers are now seeking furniture that not only serves functional purposes but also adds aesthetic value to their living spaces. As a result, there is a rising demand for living room furniture that features sleek designs, clean lines, and contemporary finishes. Trends in the market indicate a growing demand for multifunctional furniture in Mozambique. With limited living spaces and a desire for practicality, customers are seeking furniture that can serve multiple purposes. For example, sofa beds that can be converted into beds or storage ottomans that provide additional storage space are becoming increasingly popular. This trend is driven by the need to optimize space utilization and create versatile living environments.

Local special circumstances: in Mozambique, such as urbanization and increasing disposable incomes, have contributed to the growth of the living room furniture market. As more people move to urban areas, the demand for furniture to furnish their living spaces has increased. Additionally, rising disposable incomes have enabled consumers to invest in higher quality and more expensive furniture pieces. These factors have created a favorable environment for the development of the living room furniture market in Mozambique.

Underlying macroeconomic factors: such as economic growth and urbanization, have also played a significant role in the development of the living room furniture market in Mozambique. The country has experienced steady economic growth in recent years, which has led to an increase in consumer spending power. As a result, more households are able to afford living room furniture and are willing to invest in upgrading their living spaces. Furthermore, urbanization has led to the construction of new homes and apartments, creating a demand for furniture to furnish these spaces. In conclusion, the Living Room Furniture market in Mozambique is developing due to changing customer preferences, trends towards multifunctional furniture, local special circumstances, and underlying macroeconomic factors. The shift towards modern and stylish designs, the demand for multifunctional furniture, urbanization, and increasing disposable incomes have all contributed to the growth of the market. As Mozambique continues to experience economic growth and urbanization, the living room furniture market is expected to further expand in the coming years.

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.