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:
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.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Company Insights
Most recent update: Mar 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
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.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights