Outdoor Furniture - Burkina Faso

Burkina Faso

Highlights

The revenue generated in the Outdoor Furniture market in Burkina Faso amounts to US$4.11m in the year 2024.
It is projected that the market will experience an annual growth rate of 3.77% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue of US$18bn in the year 2024.
In terms of per capita figures, each person in Burkina Faso generates revenues of US$0.17 in the year 2024.
Despite the limited availability of outdoor furniture options in Burkina Faso, the demand for locally crafted, sustainable pieces is on the rise.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Outdoor Furniture market in Burkina Faso has been steadily developing over the past few years, driven by several key factors. Customer preferences in Burkina Faso have played a significant role in the growth of the Outdoor Furniture market. With an increasing focus on outdoor living and leisure activities, there has been a rising demand for comfortable and stylish outdoor furniture. Customers in Burkina Faso are looking for durable and weather-resistant furniture that can withstand the country's diverse climate. Additionally, there is a growing preference for eco-friendly and sustainable materials, reflecting the global trend towards more environmentally friendly products. Trends in the market indicate a shift towards more modern and contemporary designs in outdoor furniture. Customers are seeking furniture that not only provides comfort but also adds aesthetic value to their outdoor spaces. This trend is in line with global preferences, as contemporary designs have gained popularity worldwide. Local special circumstances also contribute to the development of the Outdoor Furniture market in Burkina Faso. The country's favorable climate, with long periods of warm and sunny weather, encourages outdoor activities and the need for outdoor furniture. Burkina faso's growing middle class and increasing disposable income have also contributed to the rising demand for outdoor furniture. As more people are able to afford outdoor living spaces, the market for outdoor furniture continues to expand. Underlying macroeconomic factors have also played a role in the development of the Outdoor Furniture market in Burkina Faso. The country's stable economic growth has led to an increase in consumer spending, including on leisure and lifestyle products such as outdoor furniture. Additionally, urbanization and population growth have created a greater need for outdoor furniture in residential areas, as people seek to make the most of their limited outdoor spaces. In conclusion, the Outdoor Furniture market in Burkina Faso is developing due to

Customer preferences: for comfortable and stylish outdoor furniture, trends towards modern and contemporary designs,

Local special circumstances: such as favorable climate and increasing disposable income, and

Underlying macroeconomic factors: such as stable economic growth and urbanization. As these factors continue to drive demand, the market is expected to further expand in the coming years.

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.