Outdoor Furniture - Gabon

Gabon

Highlights

in Gabon, a country known for its rich natural beauty, is not exempt from the global market trends, including the Outdoor Furniture market.
In 2024, the revenue in this sector is estimated to reach US$2.81m in Gabon.
Looking ahead, the market is projected to experience an annual growth rate of 4.36% (CAGR 2024-2029), indicating promising prospects for the industry in the coming years.
When comparing Gabon's Outdoor Furniture market revenue to global figures, it is important to note that United States dominates the market, generating a staggering US$18bn in 2024.
However, when considering the population size, in Gabon manages to generate a respectable per person revenue of US$1.13 in the same year.
This indicates the potential of the market in Gabon, despite its smaller population compared to other countries.
Gabon's demand for outdoor furniture is on the rise, driven by the country's growing tourism industry and increasing disposable income.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

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

Customer preferences: in Gabon are shifting towards outdoor living and leisure activities, leading to an increased demand for outdoor furniture. Gabonese consumers are increasingly valuing their outdoor spaces and seeking ways to create comfortable and stylish outdoor environments. This has led to a growing demand for outdoor furniture that is durable, weather-resistant, and aesthetically pleasing. Customers are also looking for furniture that is versatile and can be easily moved and rearranged to suit different outdoor settings and occasions.

Trends in the market: are also driving the development of the Outdoor Furniture market in Gabon. One of the key trends is the rise of eco-friendly and sustainable outdoor furniture. As consumers become more environmentally conscious, they are seeking furniture made from sustainable materials such as recycled plastic, bamboo, and reclaimed wood. This trend is also driven by the growing awareness of the negative impact of deforestation and the need to preserve natural resources. Another trend in the market is the increasing popularity of outdoor furniture with multifunctional features. Gabonese consumers are looking for furniture that can serve multiple purposes, such as outdoor dining sets that can also be used for lounging or outdoor sofas that can be converted into daybeds. This trend is driven by the limited outdoor space available in many urban areas and the desire to maximize the use of outdoor areas.

Local special circumstances: in Gabon are also contributing to the development of the Outdoor Furniture market. The country's warm climate and abundant natural beauty make outdoor living a popular lifestyle choice. Gabonese people enjoy spending time outdoors, whether it is for socializing, dining, or simply relaxing. This cultural preference for outdoor living creates a favorable market for outdoor furniture.

Underlying macroeconomic factors: are also playing a role in the development of the Outdoor Furniture market in Gabon. The country's economic growth and rising disposable incomes have increased consumer spending power, allowing more people to invest in outdoor furniture. Additionally, the growing tourism industry in Gabon has led to an increase in the number of hotels, resorts, and restaurants, which in turn has driven the demand for outdoor furniture to furnish outdoor dining and relaxation areas. In conclusion, the Outdoor Furniture market in Gabon is developing rapidly due to changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors. As Gabonese consumers increasingly value their outdoor spaces and seek ways to create comfortable and stylish outdoor environments, 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.