Market Forecast by Countries (South Africa, Nigeria, Kenya, Rest of Africa), By Material Types (Plastic, Wood, Metal, Other), By Applications (Residential, Commercial) And Competitive Landscape
Product Code: ETC055921 | Publication Date: Feb 2021 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Africa Furniture Market is expected to witness a proliferation on the back of an increase in the construction projects, rise in real state, and growing urbanization lifted the overall growth in the furniture market in Africa region. Africa is a huge pool of population, which is projected to expand and grow rapidly. With the growing population in Africa increases the demand for home and office accommodation increases the furniture demand. The economy of the African country has developed rapidly; the national income has increased substantially and the improvement of people’s living standards will lead to a large demand for home improvement. In recent years huge investment in tourism and hospital industry also boosted the demand for furniture. Government projects of infrastructure and tourism sector also play a major role in the growth of the furniture market.
According to 6Wresearch, the Africa Furniture Market size is projected to register a growth of during the forecast period 2021-27. However, the spread of COVID-19 declines the growth in the Africa region. The nation wise lockdown slows down the economy and also affect the supply chain. The biggest furniture industry in Africa is South Africa, Egypt, Morocco and Nigeria. In Nigeria, the government started a ban on imported furniture which protects the local industries that boosted the local furniture industry and created employment opportunities. Moreover, to promote the development of domestic furniture manufacturing industry, the South African Government requires all public sectors purchase from local manufacturers.
Wood is mostly used because of easy availability and wood’s longer durability. Based on end-user, the market has been segmented into the residential and commercial sector. In Africa Region residential segment mainly home furniture performs very well and key drivers are rising incomes and affordable housing scheme attract customers. The purchase of the furniture through online platform increasing rapidly and increasing revenue share rapidly, owing to various discounts and after-sales service offered by retailers. The easy availability of furniture in the online platform is influencing the sales of domestic furniture products.
The Africa furniture market report thoroughly covers the market by material type, by end-users and by countries including Kenya, Nigeria and South Africa. The Africa furniture market outlook report provides an unbiased and detailed analysis of the on-going Africa furniture market trends, opportunities/high growth areas and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Markets Covered
The Market report includes the following segments:
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Africa Furniture Market Overview |
3.1 Africa Regional Macro Economic Indicators |
3.2 Africa Furniture Market Revenues & Volume, 2020 & 2027F |
3.3 Africa Furniture Market - Industry Life Cycle |
3.4 Africa Furniture Market - Porter's Five Forces |
3.5 Africa Furniture Market Revenues & Volume Share, By Countries, 2020 & 2027F |
3.6 Africa Furniture Market Revenues & Volume Share, By Material Types, 2020 & 2027F |
3.7 Africa Furniture Market Revenues & Volume Share, By Applications, 2020 & 2027F |
4 Africa Furniture Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 Africa Furniture Market Trends |
6 Africa Furniture Market, 2017 - 2027 |
6.1 Africa Furniture Market, Revenues & Volume, By Material Types, 2017 - 2027 |
6.2 Africa Furniture Market, Revenues & Volume, By Applications, 2017 - 2027 |
7 South Africa Furniture Market, 2017 - 2027 |
7.1 South Africa Furniture Market, Revenues & Volume, By Material Types, 2017 - 2027 |
7.2 South Africa Furniture Market, Revenues & Volume, By Applications, 2017 - 2027 |
8 Nigeria Furniture Market, 2017 - 2027 |
8.1 Nigeria Furniture Market, Revenues & Volume, By Material Types, 2017 - 2027 |
8.2 Nigeria Furniture Market, Revenues & Volume, By Applications, 2017 - 2027 |
9 Kenya Furniture Market, 2017 - 2027 |
9.1 Kenya Furniture Market, Revenues & Volume, By Material Types, 2017 - 2027 |
9.2 Kenya Furniture Market, Revenues & Volume, By Applications, 2017 - 2027 |
10 Rest of Africa Furniture Market, 2017 - 2027 |
10.1 Rest of Africa Furniture Market, Revenues & Volume, By Material Types, 2017 - 2027 |
10.2 Rest of Africa Furniture Market, Revenues & Volume, By Applications, 2017 - 2027 |
11 Africa Furniture Market Key Performance Indicators |
12 Africa Furniture Market - Opportunity Assessment |
12.1 Africa Furniture Market Opportunity Assessment, By Countries, 2020 & 2027F |
12.2 Africa Furniture Market Opportunity Assessment, By Material Types, 2020 & 2027F |
12.3 Africa Furniture Market Opportunity Assessment, By Applications, 2020 & 2027F |
13 Africa Furniture Market - Competitive Landscape |
13.1 Africa Furniture Market Revenue Share, By Companies, 2020 |
13.2 Africa Furniture Market Competitive Benchmarking, By Operating and Technical Parameters |
14 Company Profiles |
15 Recommendations |
16 Disclaimer |