Outdoor Furniture - Botswana

Botswana

In the year 2024, the revenue in the Outdoor Furniture market in Botswana amounts to US$8.98m.
It is projected that the market will experience an annual growth rate of 2.48% from 2024 to 2029 (CAGR 2024-2029).
When compared to the global market, United States generates the highest revenue, with a total of US$18,450m in 2024.
In terms of per capita figures, in 2024, each person in Botswana generates a revenue of US$3.30.
The Outdoor Furniture market holds significance in Botswana's economy.
Botswana's growing tourism industry has led to an increased demand for outdoor furniture to cater to the needs of visitors exploring the country's breathtaking landscapes.

Key regions: Brazil, China, France, India, Germany

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Analyst Opinion

The Outdoor Furniture market in Botswana is experiencing significant growth and development due to various factors.

Customer preferences: Customers in Botswana have shown a growing interest in outdoor living spaces and are increasingly investing in outdoor furniture to enhance their outdoor experiences. The demand for outdoor furniture is driven by the desire to create functional and aesthetically pleasing outdoor spaces for relaxation, entertainment, and dining. Customers are looking for durable and weather-resistant furniture that can withstand the harsh climatic conditions in Botswana, including high temperatures and occasional rainfall. Additionally, customers are seeking furniture that is comfortable, stylish, and easy to maintain.

Trends in the market: One of the key trends in the outdoor furniture market in Botswana is the shift towards eco-friendly and sustainable products. Customers are becoming more conscious about the environmental impact of their purchases and are opting for furniture made from recycled materials or sustainably sourced wood. This trend is driven by a growing awareness of environmental issues and a desire to make more environmentally friendly choices. Another trend in the market is the increasing popularity of modular outdoor furniture. Modular furniture allows customers to customize their outdoor spaces according to their needs and preferences. It offers flexibility and versatility, enabling customers to rearrange and reconfigure their furniture to suit different occasions and spaces. This trend is driven by the desire for flexibility and adaptability in outdoor furniture.

Local special circumstances: The outdoor furniture market in Botswana is also influenced by local cultural and social factors. Botswana has a rich outdoor culture, with many people enjoying outdoor activities such as barbecues, picnics, and social gatherings. This cultural preference for outdoor living spaces has contributed to the growing demand for outdoor furniture. Additionally, Botswana has a thriving tourism industry, with many tourists visiting the country to experience its natural beauty and wildlife. This has created a demand for outdoor furniture in hotels, lodges, and other tourist accommodations.

Underlying macroeconomic factors: The growth of the outdoor furniture market in Botswana is supported by favorable macroeconomic factors. Botswana has a stable economy and a growing middle class, which has increased disposable income and purchasing power. This has led to an increase in consumer spending on discretionary items such as outdoor furniture. Additionally, the government of Botswana has implemented policies and initiatives to promote tourism and outdoor recreational activities, which has further fueled the demand for outdoor furniture. In conclusion, the Outdoor Furniture market in Botswana is experiencing growth and development due to customer preferences for functional and aesthetically pleasing outdoor spaces, the trend towards eco-friendly and modular furniture, local cultural preferences for outdoor living, and favorable macroeconomic factors. As the demand for outdoor furniture continues to rise, manufacturers and retailers in Botswana have the opportunity to cater to the evolving needs and preferences of customers and capitalize on the growing market.

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.