The Outdoor Furniture market in Ethiopia has been experiencing significant growth in recent years. Customer preferences for outdoor living spaces, along with a growing middle class and increasing urbanization, have contributed to the development of this market.
Customer preferences: in Ethiopia have shifted towards creating comfortable and stylish outdoor living spaces. As people spend more time outdoors, they are looking for furniture that is not only functional but also aesthetically pleasing. This has led to an increased demand for outdoor furniture that is durable, weather-resistant, and easy to maintain. Customers also value furniture that is versatile and can be used for multiple purposes, such as dining, lounging, or entertaining guests. The trends in the Outdoor Furniture market in Ethiopia are closely aligned with global market trends. One of the key trends is the rise of eco-friendly and sustainable outdoor furniture. Customers are increasingly conscious of the environmental impact of their purchases and are seeking furniture made from recycled or renewable materials. This trend is driven by a growing awareness of sustainability issues and a desire to reduce waste and carbon emissions. Another trend in the market is the increasing popularity of modular outdoor furniture. Modular furniture allows customers to customize their outdoor spaces and adapt to changing needs. It offers flexibility in terms of configuration and can be easily rearranged or expanded as required. This trend is driven by the desire for flexibility and versatility in outdoor living spaces. Local special circumstances in Ethiopia have also contributed to the development of the Outdoor Furniture market. The country’s favorable climate, with mild temperatures and abundant sunshine, encourages people to spend more time outdoors. This has created a demand for comfortable and functional outdoor furniture that can withstand the elements. Additionally, the government’s efforts to promote tourism and develop outdoor recreational areas have further fueled the demand for outdoor furniture. Underlying macroeconomic factors, such as the country’s economic growth and increasing urbanization, have also played a role in the development of the Outdoor Furniture market in Ethiopia. The country has experienced steady economic growth in recent years, which has led to an expansion of the middle class and increased disposable income. As people have more money to spend, they are willing to invest in outdoor furniture to enhance their living spaces. In conclusion, the Outdoor Furniture market in Ethiopia is developing due to customer preferences for comfortable and stylish outdoor living spaces, as well as the country’s favorable climate and
Underlying macroeconomic factors:. The market is also influenced by global trends, such as the demand for eco-friendly and modular furniture. As the country continues to urbanize and the middle class expands, the Outdoor Furniture market is expected to grow further 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 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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