Definition:
The Outdoor Furniture segment focuses on the types of furniture which are commonly found in the garden, patio, and/or on the terrace. These products are typically made from durable materials such as metal, wood, or plastic and are designed to withstand various weather conditions while providing comfort and style.
Additional Information:
The Outdoor Furniture segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment includes only business to consumer (B2C) sales. Business to business (B2B) sales (e. g., furniture for coffee shops, offices, etc.) are excluded in the figures shown. For more information on the displayed data, click the info button on the right-hand side of each box. In terms of key players in the furniture market, IKEA is the leading furniture company; however, with the rise of eCommerce, players such as Wayfair are gaining ground.
Notes: Data was converted from local currencies using average exchange rates of the respective year.
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Jul 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
Most recent update: Mar 2024
Source: Statista Company Insights
Most recent update: Oct 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
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.
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.Notes: Based on data from IMF, World Bank, UN and Eurostat
Most recent update: Sep 2024
Source: Statista Market Insights