Outdoor Furniture - Uganda

Uganda

Highlights

In Uganda, the revenue generated in the Outdoor Furniture market is projected to reach US$6.30m in 2024.
It is anticipated that the market will experience an annual growth rate of 2.47% (CAGR 2024-2029).
When compared to other countries worldwide, United States leads in terms of revenue generation, with a staggering US$18bn in 2024.
Furthermore, in relation to the total population, each person in Uganda generates a revenue of US$0.13 in 2024.
Uganda's outdoor furniture market is experiencing a surge in demand due to the country's growing tourism industry.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

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

Customer preferences: in the Outdoor Furniture market in Uganda have shifted towards more durable and weather-resistant products. This is because customers are increasingly looking for furniture that can withstand the harsh weather conditions in Uganda, including heavy rain and intense sunlight. As a result, there is a growing demand for outdoor furniture made from materials such as teak, rattan, and wrought iron, which are known for their durability and ability to withstand the elements. Trends in the market show a growing interest in eco-friendly and sustainable outdoor furniture. Customers in Uganda are becoming more conscious of the environmental impact of their purchasing decisions and are seeking products that are made from sustainable materials and produced using environmentally friendly manufacturing processes. This trend is driving the demand for outdoor furniture made from recycled materials, as well as furniture that is designed to be easily recyclable at the end of its life cycle.

Local special circumstances: also play a role in the development of the Outdoor Furniture market in Uganda. The country's tourism industry is a significant driver of demand for outdoor furniture, as hotels, resorts, and lodges require high-quality and aesthetically pleasing furniture to create comfortable outdoor spaces for their guests. Additionally, the growing popularity of outdoor events and activities, such as weddings, parties, and social gatherings, has led to an increased demand for outdoor furniture that can accommodate large groups of people.

Underlying macroeconomic factors: such as rising disposable incomes and urbanization, are also contributing to the growth of the Outdoor Furniture market in Uganda. As more people in Uganda have higher incomes, they are able to afford outdoor furniture and are willing to invest in creating outdoor living spaces. Furthermore, the increasing urbanization in the country has led to a greater emphasis on outdoor living, as people seek to escape the confines of their urban environments and enjoy outdoor spaces in their homes or public areas. In conclusion, the Outdoor Furniture market in Uganda is developing due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. Customers are increasingly looking for durable and weather-resistant outdoor furniture, as well as eco-friendly and sustainable options. The tourism industry and the popularity of outdoor events are also driving demand. Rising disposable incomes and urbanization are further contributing to the growth of the market. Overall, these factors are shaping the Outdoor Furniture market in Uganda and creating opportunities for manufacturers and retailers in the industry.

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.