Outdoor Furniture - Zambia

Zambia

In Zambia, the revenue generated in the Outdoor Furniture market in 2024 amounts to US$41.09k.
It is projected that the market will experience an annual growth rate of -13.48% (CAGR 2024-2029).
When compared globally, United States leads the way with a revenue of US$18,450m in 2024.
In terms of per person revenues, in Zambia generates US$0.00 in 2024.
The demand for high-quality, durable outdoor furniture in Zambia is growing rapidly as more people embrace outdoor living and seek to create comfortable and stylish outdoor spaces.

Key regions: United States, Worldwide, Germany, India, Denmark

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Analyst Opinion

The Outdoor Furniture market in Zambia has seen significant growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances.

Customer preferences: in Zambia have shifted towards outdoor living spaces, as people increasingly seek to create comfortable and functional outdoor areas for relaxation and entertainment. This has led to a growing demand for outdoor furniture that is both stylish and durable, with a focus on comfort and convenience. Customers are also looking for furniture that is weather-resistant and easy to maintain, as Zambia experiences a range of weather conditions throughout the year.

Trends in the market: reflect a growing interest in outdoor dining and entertaining, with an emphasis on creating inviting and stylish outdoor spaces. There is a rising demand for outdoor dining sets, lounge chairs, and patio umbrellas, as well as accessories such as outdoor rugs and cushions. Customers are also showing a preference for eco-friendly and sustainable materials, such as teak and recycled plastic, which align with global trends towards more environmentally-conscious choices.

Local special circumstances: in Zambia, such as the country's favorable climate and the growing popularity of outdoor events and activities, have contributed to the development of the Outdoor Furniture market. The warm and sunny weather in Zambia allows for year-round outdoor living, making outdoor furniture a practical investment for many households. Additionally, the increasing popularity of outdoor events, such as barbecues, garden parties, and outdoor weddings, has created a demand for outdoor furniture that can accommodate larger groups of people. Underlying macroeconomic factors, such as rising disposable incomes and urbanization, have also played a role in the growth of the Outdoor Furniture market in Zambia. As the economy continues to expand, more people have the means to invest in outdoor furniture and create their own outdoor living spaces. Urbanization has also led to smaller living spaces, prompting people to maximize their outdoor areas for additional living and entertaining space. In conclusion, the Outdoor Furniture market in Zambia is developing due to changing customer preferences, emerging trends in the market, local special circumstances, and

Underlying macroeconomic factors:. As people in Zambia increasingly prioritize outdoor living spaces and seek stylish and functional outdoor furniture, the market is expected to continue growing in the coming years.

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.