The Outdoor Furniture market in Egypt has been experiencing significant growth in recent years. Customer preferences for outdoor living spaces, a growing tourism industry, and favorable weather conditions have all contributed to the development of this market.
Customer preferences: in Egypt have shifted towards creating comfortable and stylish outdoor living spaces. As more people seek to enjoy the outdoors and spend quality time with family and friends, the demand for outdoor furniture has increased. Customers are looking for durable and weather-resistant furniture that can withstand the harsh Egyptian climate. Additionally, there is a growing interest in eco-friendly and sustainable materials, as customers become more conscious of their environmental impact. One of the key trends in the Egyptian Outdoor Furniture market is the rise of outdoor dining and entertainment spaces. Many customers are investing in outdoor dining sets, loungers, and sofas to create a cozy and inviting atmosphere. This trend is driven by the desire to entertain guests and enjoy meals outdoors, taking advantage of the pleasant weather that Egypt offers for most of the year. Another trend in the market is the increasing popularity of multifunctional outdoor furniture. Customers are looking for furniture that can serve multiple purposes, such as storage benches or tables that can be converted into loungers. This trend is driven by the need to optimize space in smaller outdoor areas and create versatile seating and storage solutions. Local special circumstances in Egypt also contribute to the development of the Outdoor Furniture market. Egypt is known for its rich history and cultural heritage, attracting a large number of tourists each year. The tourism industry plays a significant role in driving the demand for outdoor furniture, as hotels, resorts, and restaurants invest in creating attractive outdoor spaces for their guests. This creates a ripple effect, as tourists are exposed to the benefits of outdoor living and may be inspired to replicate similar experiences in their own homes. Underlying macroeconomic factors also play a role in the development of the Outdoor Furniture market in Egypt. The country's growing middle class and increasing disposable income levels have allowed more people to invest in home improvement and outdoor living. Additionally, government initiatives to promote tourism and attract foreign investment have further boosted the market, as more hotels and resorts are being developed, creating a demand for outdoor furniture. In conclusion, the Outdoor Furniture market in Egypt is experiencing significant growth due to customer preferences for outdoor living spaces, the rise of outdoor dining and entertainment spaces, and the increasing popularity of multifunctional furniture.
Local special circumstances: such as the tourism industry, and
Underlying macroeconomic factors: including a growing middle class and government initiatives, further contribute to the development of this market.
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.
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