Outdoor Furniture - Mozambique

Mozambique

In Mozambique, the revenue generated in the Outdoor Furniture market in 2024 amounts to US$2.84m.
Looking ahead, the market is projected to experience an annual growth rate of -4.72% (CAGR 2024-2029).
When compared globally, in the United States leads the way with a revenue of US$18,450m in 2024.
In terms of per person revenues, in Mozambique generates US$0.08 in 2024.
The demand for outdoor furniture in Mozambique is on the rise due to the country's growing tourism industry and desire for outdoor leisure spaces.

Key regions: Brazil, China, France, India, Germany

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Analyst Opinion

The Outdoor Furniture market in Mozambique is experiencing steady growth due to several factors.

Customer preferences: Customers in Mozambique have shown a growing interest in outdoor living spaces and are increasingly investing in outdoor furniture to enhance their outdoor experiences. This trend can be attributed to the country's warm climate and the desire for a more relaxed and comfortable outdoor lifestyle. Additionally, there is a growing awareness of the importance of outdoor spaces for socializing and entertainment, leading to an increased demand for outdoor furniture.

Trends in the market: One of the key trends in the Outdoor Furniture market in Mozambique is the preference for durable and weather-resistant materials. Given the country's tropical climate and the potential for exposure to harsh weather conditions, customers are seeking furniture that can withstand the elements and maintain its quality over time. Materials such as teak, aluminum, and synthetic wicker are becoming increasingly popular due to their durability and resistance to weather damage. Another trend in the market is the increasing popularity of multifunctional outdoor furniture. Customers are looking for furniture pieces that can serve multiple purposes and maximize the use of their outdoor spaces. This includes items such as outdoor dining sets with built-in storage, modular seating arrangements that can be rearranged for different occasions, and outdoor loungers that can be converted into daybeds.

Local special circumstances: Mozambique's tourism industry plays a significant role in driving the demand for outdoor furniture. The country is known for its beautiful beaches and natural landscapes, attracting both domestic and international tourists. As a result, there is a growing demand for outdoor furniture in hotels, resorts, and other hospitality establishments. This trend is further fueled by the government's efforts to promote tourism and attract investment in the sector.

Underlying macroeconomic factors: The growing middle class in Mozambique is contributing to the development of the Outdoor Furniture market. As disposable incomes rise, more individuals are able to afford outdoor furniture and invest in creating comfortable and stylish outdoor spaces. Additionally, urbanization and population growth are driving the demand for housing, leading to an increased need for outdoor furniture in residential areas. Furthermore, the construction industry in Mozambique is experiencing significant growth, which is positively impacting the Outdoor Furniture market. As more residential and commercial properties are being built, there is a higher demand for outdoor furniture to furnish these spaces. This presents opportunities for both local and international manufacturers and retailers to expand their presence in the market. In conclusion, the Outdoor Furniture market in Mozambique is growing steadily due to customer preferences for outdoor living spaces, the popularity of durable and multifunctional furniture, the influence of the tourism industry, the rising middle class, and the growth of the construction sector. These factors are driving the demand for outdoor furniture and creating opportunities for market players to cater to the evolving needs of customers in Mozambique.

Methodology

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.