Lamps & Lighting - Tanzania

Tanzania

In Tanzania, the revenue in the Lamps & Lighting market reached €45.88m in 2024.
It is projected to experience an annual growth rate of -0.04% (CAGR 2024-2029).
When compared globally, in the United States leads the market with a revenue of €29,330m in 2024.
Taking into account the total population, the per person revenue in Tanzania for 2024 is €0.66.
"Despite a growing demand for modern lighting solutions, traditional handmade lamps continue to be widely popular in Tanzania."

Key regions: Brazil, China, Denmark, United Kingdom, Worldwide

Mercado

Región

Comparación de regiones

Moneda

Analyst Opinion

The Lamps & Lighting market in Tanzania has been experiencing significant growth in recent years. Customer preferences have shifted towards more energy-efficient and eco-friendly lighting options, driving the demand for led lamps and fixtures. Additionally, the increasing urbanization and infrastructure development in the country have created a need for modern lighting solutions.

Customer preferences: in the Lamps & Lighting market in Tanzania have been influenced by global trends towards energy efficiency and sustainability. Consumers are increasingly aware of the environmental impact of traditional lighting technologies and are opting for led lamps and fixtures that offer energy savings and longer lifespan. This shift in preferences has been further accelerated by government initiatives promoting energy conservation and the use of eco-friendly products. tanzania's rapid urbanization and infrastructure development have also contributed to the growth of the Lamps & Lighting market. As more cities and towns are being built or expanded, there is a need for modern lighting solutions to illuminate streets, buildings, and public spaces. This has created a demand for high-quality and reliable lighting products that can withstand the harsh environmental conditions in Tanzania, such as dust, humidity, and voltage fluctuations. In addition to customer preferences and urbanization, there are some local special circumstances that have influenced the development of the Lamps & Lighting market in Tanzania. The country has a diverse geography, with different regions having varying levels of access to electricity. This has led to the emergence of off-grid lighting solutions, such as solar-powered lamps and lanterns, which are popular in rural areas where electricity infrastructure is limited. These off-grid lighting solutions have provided access to lighting for households and businesses in remote areas, further driving the market growth. Underlying macroeconomic factors have also played a role in the development of the Lamps & Lighting market in Tanzania. The country has been experiencing steady economic growth, which has led to an increase in disposable income and consumer spending. As a result, more Tanzanian households and businesses are able to afford modern lighting solutions, contributing to the market expansion. Furthermore, the government's focus on infrastructure development and investment in the energy sector have created favorable conditions for the growth of the Lamps & Lighting market. Overall, the Lamps & Lighting market in Tanzania is experiencing growth due to customer preferences for energy-efficient and eco-friendly lighting options, urbanization and infrastructure development,

Local special circumstances: such as off-grid lighting solutions, and

Underlying macroeconomic factors: such as economic growth and government initiatives. As these trends continue, the market is expected to further expand 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 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.