Furniture - Mozambique

Mozambique

In Mozambique, the revenue generated in the Furniture market in 2024 amounts to US$55.73m.
It is projected that the market will experience an annual growth rate of 1.43% (CAGR 2024-2029).
The largest segment within the market is the Living Room Furniture segment, which has a market volume of US$17.45m in 2024.
When compared globally, in the United States generates the highest revenue in the Furniture market, with a total of US$263bn in 2024.
Taking into account the population figures, in Mozambique generates per person revenues of 0.00 in 2024.
This indicates the level of revenue generated per individual in the country's Furniture market.
"Despite its growing middle class and demand for modern furniture, Mozambique's furniture market is still dominated by traditional handcrafted pieces."

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 Mozambique has been experiencing significant growth in recent years. Customer preferences have shifted towards modern and stylish furniture designs, reflecting global trends in the industry. This has led to an increase in demand for imported furniture, particularly from countries with a reputation for high-quality craftsmanship.

Customer preferences: Customers in Mozambique are increasingly seeking furniture that combines both functionality and aesthetics. They are looking for pieces that not only serve their practical needs but also add a touch of style to their homes. As a result, there has been a rise in demand for modern and contemporary furniture designs. Customers are also showing a preference for furniture made from sustainable materials, as environmental consciousness becomes more important to them.

Trends in the market: One of the key trends in the Mozambican furniture market is the growing popularity of imported furniture. Customers are willing to pay a premium for furniture that is imported from countries known for their expertise in furniture craftsmanship, such as Italy and Brazil. This trend can be attributed to the desire for high-quality and unique furniture pieces that cannot be easily replicated by local manufacturers. Another trend in the market is the increasing use of e-commerce platforms for furniture shopping. Online retail has gained traction in Mozambique, providing customers with a convenient way to browse and purchase furniture from the comfort of their homes. This trend has been further accelerated by the COVID-19 pandemic, which has led to a surge in online shopping across various industries.

Local special circumstances: Mozambique's furniture market is influenced by its unique cultural heritage and diverse population. The country's rich history and blend of different ethnicities have contributed to a vibrant and eclectic furniture style. Local artisans often incorporate traditional motifs and craftsmanship techniques into their designs, creating furniture pieces that showcase Mozambique's cultural identity.

Underlying macroeconomic factors: The growth of the furniture market in Mozambique can be attributed to several macroeconomic factors. The country has experienced steady economic growth in recent years, leading to an increase in disposable income among the population. As a result, more people have the financial means to invest in furniture for their homes. Additionally, Mozambique has seen a rise in urbanization, with more people moving to cities in search of better employment opportunities. This has created a demand for furniture as individuals and families set up new homes. The construction sector has also been booming, contributing to the demand for furniture in both residential and commercial spaces. In conclusion, the Furniture market in Mozambique is developing in response to changing customer preferences and global trends in the industry. Customers are seeking modern and stylish furniture designs, leading to an increase in demand for imported furniture. The use of e-commerce platforms for furniture shopping is also on the rise. Mozambique's unique cultural heritage and diverse population contribute to the local special circumstances in the market. The underlying macroeconomic factors of economic growth and urbanization further drive the demand for furniture in the country.

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.