Furniture - Mauritius

Mauritius

In 2024, the revenue in the Furniture market of Mauritius reaches US$239.60m.
It is projected that the market will experience an annual growth rate of 0.78% (CAGR 2024-2029).
The segment of Living Room Furniture holds the largest market share, amounting to US$82.40m in 2024.
When compared globally, in the United States generates the highest revenue, reaching US$263bn in the same year.
Additionally, in terms of per capita figures, the revenue generated per person in Mauritius is 0.00 in 2024.
The demand for locally made, sustainable furniture is on the rise in Mauritius, as consumers prioritize supporting local artisans and reducing their carbon footprint.

Key regions: Worldwide, United States, China, India, Germany

Definition:

The Furniture market covers different movable objects designed to support various human activities such as sitting, sleeping, and storing items. These objects can include chairs, tables, beds, couches, and cabinets, among others. The design and layout of furniture can have a significant impact on the comfort and functionality of a space, making it an important aspect of interior design and home decor.

Structure:

The Furniture market is divided into seven segments:

The Living Room Furniture segment focuses on furnishings such as sofas, side tables, and media cabinets typically found in the living room. This segment is divided into the following subsegments: Seats & Sofas and Cabinets, TV Stands & Side Tables.
The Bedroom Furniture segment covers furnishings and other accessories used for sleeping and the storage of clothing and other personal items. This segment is divided into the following subsegments: Beds, Mattresses, Closets, Nightstands, & Dressers, and Bedding.
The Kitchen & Dining Furniture segment covers a diverse range of products that are used to meet people’s eating, food storage and preparation needs. This segment is divided into the following subsegments: Kitchenware and Dining Tables, Kitchen Islands & Pantries.
The Outdoor Furniture segment covers products specifically designed to withstand exposure to the elements, such as rain, sun, and wind, and is often made from materials that are weather-resistant.
The Home Office Furniture segment focuses on products that ensure a good working environment at home compared to that of a traditional office. This segment is divided into the following subsegments: Desks & Chairs and Bookcases & Filing Cabinets.
The Lamps & Lighting segment covers various devices and fixtures that provide illumination in a space. This segment is divided into the following subsegments: Table & Floor Lamps, Ceiling Lights & Chandeliers, and Light Bulbs & Fittings.
The Home Décor segment covers a variety of accessories and furnishings designed to make a space more aesthetically appealing. This segment is divided into the following subsegments: Decorations, Carpets & Rugs, Candles, and Curtains & Blinds.

Additional Information:

The Furniture market consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This market 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.

Market

Region

Region comparison

Currency

Analyst Opinion

The Furniture market in Mauritius is experiencing significant growth and development in recent years. Customer preferences have shifted towards modern and stylish furniture pieces, with a focus on quality and durability. This trend is driven by a combination of factors, including increasing disposable income, changing lifestyles, and a growing middle class.

Customer preferences: Mauritian customers are increasingly seeking furniture that not only serves a functional purpose but also adds aesthetic value to their homes. Modern and contemporary furniture designs are particularly popular, as they offer sleek and minimalist styles that complement the overall decor. Additionally, customers are looking for furniture that is durable and long-lasting, as they are willing to invest in high-quality pieces that will stand the test of time.

Trends in the market: The furniture market in Mauritius is witnessing a surge in demand for eco-friendly and sustainable furniture options. Customers are becoming more conscious of the environmental impact of their purchases and are actively seeking furniture made from sustainable materials such as bamboo, reclaimed wood, and recycled materials. This trend is in line with global sustainability movements and reflects the growing awareness of environmental issues among consumers. Another emerging trend in the Mauritian furniture market is the increasing popularity of online shopping. With the rise of e-commerce platforms and the convenience of online shopping, customers are now able to browse and purchase furniture from the comfort of their homes. Online retailers are capitalizing on this trend by offering a wide range of furniture options, competitive prices, and hassle-free delivery services.

Local special circumstances: Mauritius is a popular tourist destination, attracting a significant number of international visitors each year. This has led to a growing demand for furniture in the hospitality sector, including hotels, resorts, and restaurants. Furniture manufacturers and retailers are catering to this demand by offering customized and high-quality furniture solutions that meet the specific requirements of the hospitality industry. Furthermore, the government of Mauritius has implemented various initiatives to promote the local furniture industry. This includes providing financial incentives, training programs, and support for local manufacturers and artisans. These efforts have helped to boost the domestic production of furniture and create employment opportunities in the sector.

Underlying macroeconomic factors: The growth of the furniture market in Mauritius is closely tied to the overall economic development of the country. The steady increase in disposable income, driven by a growing middle class and improving living standards, has contributed to higher consumer spending on furniture. Additionally, the construction sector in Mauritius has been experiencing significant growth, leading to increased demand for furniture in residential and commercial projects. In conclusion, the furniture market in Mauritius is evolving to meet the changing preferences and demands of customers. The shift towards modern and stylish furniture, along with a focus on sustainability and online shopping, are key trends shaping the market. The local special circumstances, such as the demand from the hospitality sector and government support for the industry, further contribute to the growth and development of the furniture market. Overall, the underlying macroeconomic factors, including increasing disposable income and a booming construction sector, provide a favorable environment for the furniture market in Mauritius to thrive.

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.