Outdoor Furniture - Namibia

Namibia

Highlights

In Namibia, the revenue generated in the Outdoor Furniture market in 2024 amounts to US$9.62m.
It is projected that this market will experience an annual growth rate of -2.42% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, amounting to US$18bn in 2024.
On a per capita basis, in 2024, the revenue generated per person is US$3.63.
Namibia's outdoor furniture market is experiencing a surge in demand for eco-friendly, sustainable materials to align with the country's commitment to environmental conservation.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Outdoor Furniture market in Namibia is experiencing significant growth and development due to changing customer preferences and favorable local special circumstances.

Customer preferences: Customers in Namibia are increasingly seeking outdoor furniture that is both stylish and functional. They are looking for furniture that can withstand the harsh weather conditions, such as strong winds and high temperatures, that are common in the region. Additionally, customers are interested in furniture that is made from sustainable materials and is environmentally friendly. This shift in preferences towards durable and eco-friendly furniture has led to an increase in demand for high-quality outdoor furniture in Namibia.

Trends in the market: One of the key trends in the Outdoor Furniture market in Namibia is the growing popularity of outdoor living spaces. Namibians are increasingly investing in their outdoor spaces, creating areas for relaxation, entertainment, and dining. This trend has led to a higher demand for outdoor furniture, including lounge sets, dining sets, and patio umbrellas. Customers are looking for furniture that can transform their outdoor spaces into comfortable and inviting areas for socializing and enjoying the natural surroundings. Another trend in the market is the rise of online shopping for outdoor furniture. With the increasing availability of internet access and the convenience of online shopping, more customers in Namibia are turning to online retailers to purchase their outdoor furniture. This trend has opened up new opportunities for both local and international furniture companies to reach a wider customer base in Namibia.

Local special circumstances: Namibia's favorable climate and natural beauty make it an ideal location for outdoor activities and gatherings. The country's warm and sunny weather throughout the year encourages people to spend time outdoors, leading to a higher demand for outdoor furniture. Additionally, Namibia's stunning landscapes, including its deserts, national parks, and coastal areas, attract tourists who are looking to experience the country's natural beauty. This influx of tourists further contributes to the demand for outdoor furniture in Namibia.

Underlying macroeconomic factors: Namibia's growing economy and rising disposable incomes have also played a role in the development of the Outdoor Furniture market. As people's incomes increase, they have more money to spend on luxury items, including outdoor furniture. The country's stable political environment and government initiatives to promote tourism and economic growth have also created a favorable business environment for the outdoor furniture industry. In conclusion, the Outdoor Furniture market in Namibia is experiencing growth and development due to changing customer preferences, such as the demand for durable and eco-friendly furniture, and favorable local special circumstances, including the country's climate and natural beauty. These factors, combined with Namibia's growing economy and rising disposable incomes, have contributed to the increasing demand for outdoor furniture in the country.

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.