Outdoor Furniture - Burundi

Burundi

Highlights

In 2024, the revenue in the Outdoor Furniture market in Burundi amounts to US$334.00k.
According to projections, the market is expected to grow annually by -0.40% from 2024 to 2029 (CAGR 2024-2029).
When compared to other countries globally, United States generates the highest revenue in this segment, with US$18bn in 2024.
In relation to the total population figures, per person revenues of US$0.02 are generated in Burundi in 2024.
Despite the limited disposable income and challenging economic conditions, Burundian consumers are increasingly investing in high-quality outdoor furniture to enhance their outdoor living spaces.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Outdoor Furniture market in Burundi is experiencing significant growth and development due to changing customer preferences, emerging trends in the market, and local special circumstances.

Customer preferences: in Burundi are shifting towards outdoor living spaces and the desire to create comfortable and stylish outdoor environments. With the increasing popularity of outdoor activities and social gatherings, consumers are looking for furniture that is durable, weather-resistant, and aesthetically pleasing. Additionally, there is a growing demand for furniture that can be easily customized and adapted to different outdoor spaces, allowing consumers to personalize their outdoor areas according to their individual tastes and needs.

Trends in the market: are also contributing to the development of the Outdoor Furniture industry in Burundi. One of the key trends is the rise of eco-friendly and sustainable outdoor furniture options. Consumers are becoming more conscious of their environmental impact and are seeking furniture made from recycled materials or sustainably sourced wood. This trend is driven by a combination of factors, including increasing environmental awareness, government initiatives promoting sustainability, and the influence of global sustainability movements. Another trend in the market is the integration of technology into outdoor furniture. This includes features such as built-in speakers, wireless charging capabilities, and led lighting. These technological advancements enhance the outdoor experience and cater to the growing demand for smart and connected products. Additionally, the use of innovative materials and designs is gaining popularity, with furniture manufacturers experimenting with new materials such as rattan, teak, and aluminum to create unique and eye-catching outdoor furniture pieces.

Local special circumstances: in Burundi also contribute to the development of the Outdoor Furniture market. The country's favorable climate, with warm temperatures and ample sunshine throughout the year, encourages outdoor living and creates a conducive environment for the use of outdoor furniture. Additionally, the growing tourism industry in Burundi is driving the demand for outdoor furniture in hotels, resorts, and restaurants, as these establishments seek to create inviting and comfortable outdoor spaces for their guests. Underlying macroeconomic factors, such as urbanization and rising disposable incomes, are also fueling the growth of the Outdoor Furniture market in Burundi. As more people move to urban areas and live in smaller homes with limited indoor space, the importance of outdoor living spaces and the need for outdoor furniture becomes more pronounced. Furthermore, the increasing purchasing power of consumers enables them to invest in high-quality outdoor furniture that enhances their outdoor lifestyle. In conclusion, the Outdoor Furniture market in Burundi is developing due to changing customer preferences, emerging trends in the market, local special circumstances, and

Underlying macroeconomic factors:. As consumers prioritize outdoor living spaces and seek durable and stylish furniture, the market is responding with eco-friendly options, technological advancements, and innovative designs. With the favorable climate and growing tourism industry in Burundi, the demand for outdoor furniture is expected to continue to grow 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.