Nigeria Furniture Market (2020-2026) | Analysis, Revenue, COVID-19 IMPACT, Industry, Outlook, Forecast, Value, Companies, Trends, Size, Growth & Share

Nigeria Furniture Market Synopsis

The Nigerian furniture market is expected to reach a value of USD 2.5 billion by 2026, growing at a CAGR of 5.6% during the forecast period, 2020-2026. The high demand for furniture from Nigerias growing population and increasing disposable incomes are some of the major factors driving the growth of the furniture sector in Nigeria. In addition, rapid urbanization and rising home improvement activities in residential spaces have also been instrumental in propelling industry growth over recent years.

Nigeria export opportunities for its furniture products have seen an upward trend due to increasing demand in countries such as South Africa, Saudi Arabia and other Arab nations. Additionally, government initiatives to promote locally manufactured goods through collaboration with international organizations are further likely to boost exports from this region over upcoming years. Moreover, local manufacturers are focusing on diversifying their product portfolio by introducing more innovative designs that will appeal to potential customers across different price points and preferences while also keeping up with quality standards set by global players operating within this space which could result into increased sales figures over foreseeable future.

However, intense competition amongst existing vendors might act as restraints on overall market development while fluctuating raw material prices may lead to higher costs resulting into reduced profit margins for small scale producers operating within this segment.

Key Highlights of the Report:

• Nigeria Furniture Market Outlook
• Market Size of Nigeria Furniture Market, 2019
• Forecast of Nigeria Furniture Market, 2026
• Historical Data and Forecast of Nigeria Furniture Revenues & Volume for the Period 2016 - 2026
• Nigeria Furniture Market Trend Evolution
• Nigeria Furniture Market Drivers and Challenges
• Nigeria Furniture Price Trends
• Nigeria Furniture Porter's Five Forces
• Nigeria Furniture Industry Life Cycle
• Historical Data and Forecast of Nigeria Furniture Market Revenues & Volume By Material Types for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Furniture Market Revenues & Volume By Plastic for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Furniture Market Revenues & Volume By Wood for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Furniture Market Revenues & Volume By Metal for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Furniture Market Revenues & Volume By Other for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Furniture Market Revenues & Volume By Applications for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Furniture Market Revenues & Volume By Residential for the Period 2016 - 2026
• Historical Data and Forecast of Nigeria Furniture Market Revenues & Volume By Commercial for the Period 2016 - 2026
• Nigeria Furniture Import Export Trade Statistics
• Market Opportunity Assessment By Material Types
• Market Opportunity Assessment By Applications
• Nigeria Furniture Top Companies Market Share
• Nigeria Furniture Competitive Benchmarking By Technical and Operational Parameters
• Nigeria Furniture Company Profiles
• Nigeria Furniture Key Strategic Recommendations