Furniture - Kazakhstan

Kazakhstan

In 2024, the revenue in the Furniture market in Kazakhstan amounted to US$650.70m.
It is projected that the market will experience an annual growth rate of 2.01% (CAGR 2024-2029).
The largest segment within the market is the Living Room Furniture segment, which had a market volume of US$211.80m in 2024.
When compared on a global scale, in the United States generated the highest revenue in the Furniture market, with a value of US$263bn in 2024.
In terms of per capita figures, the revenue generated per person in Kazakhstan is 0.00 in 2024.
The demand for traditional Kazakh furniture is on the rise, as consumers value the country's rich cultural heritage and craftsmanship.

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

Definition:

The Furniture market covers different movable objects designed to support various human activities such as sitting, sleeping, and storing items. These objects can include chairs, tables, beds, couches, and cabinets, among others. The design and layout of furniture can have a significant impact on the comfort and functionality of a space, making it an important aspect of interior design and home decor.

Structure:

The Furniture market is divided into seven segments:

The Living Room Furniture segment focuses on furnishings such as sofas, side tables, and media cabinets typically found in the living room. This segment is divided into the following subsegments: Seats & Sofas and Cabinets, TV Stands & Side Tables.
The Bedroom Furniture segment covers furnishings and other accessories used for sleeping and the storage of clothing and other personal items. This segment is divided into the following subsegments: Beds, Mattresses, Closets, Nightstands, & Dressers, and Bedding.
The Kitchen & Dining Furniture segment covers a diverse range of products that are used to meet people’s eating, food storage and preparation needs. This segment is divided into the following subsegments: Kitchenware and Dining Tables, Kitchen Islands & Pantries.
The Outdoor Furniture segment covers products specifically designed to withstand exposure to the elements, such as rain, sun, and wind, and is often made from materials that are weather-resistant.
The Home Office Furniture segment focuses on products that ensure a good working environment at home compared to that of a traditional office. This segment is divided into the following subsegments: Desks & Chairs and Bookcases & Filing Cabinets.
The Lamps & Lighting segment covers various devices and fixtures that provide illumination in a space. This segment is divided into the following subsegments: Table & Floor Lamps, Ceiling Lights & Chandeliers, and Light Bulbs & Fittings.
The Home Décor segment covers a variety of accessories and furnishings designed to make a space more aesthetically appealing. This segment is divided into the following subsegments: Decorations, Carpets & Rugs, Candles, and Curtains & Blinds.

Additional Information:

The Furniture market consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This market 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.

Market

Region

Region comparison

Currency

Analyst Opinion

The furniture market in Kazakhstan is experiencing significant growth and development in recent years. Customer preferences are shifting towards modern and contemporary designs, and there is a growing demand for high-quality and durable furniture. This trend can be attributed to several factors, including changing lifestyles, increasing disposable income, and a growing middle class.

Customer preferences: In Kazakhstan, customers are increasingly looking for furniture that combines functionality with aesthetic appeal. Modern and contemporary designs are gaining popularity, as they offer sleek and clean lines that complement the minimalist style of many homes. Customers are also seeking furniture that is durable and long-lasting, as they are willing to invest in high-quality pieces that will stand the test of time.

Trends in the market: One of the key trends in the furniture market in Kazakhstan is the rise of e-commerce. Online shopping has become increasingly popular among consumers, as it offers convenience and a wide range of options. Many furniture retailers have established online platforms to cater to this growing demand. Additionally, there is a growing trend of customization, with customers seeking furniture that is tailored to their specific needs and preferences.

Local special circumstances: Kazakhstan's furniture market is influenced by its unique cultural and geographical factors. Traditional Kazakh designs and motifs are often incorporated into furniture pieces, adding a touch of local heritage. Additionally, the country's vast and diverse landscape provides inspiration for furniture designs that reflect the natural beauty of the region.

Underlying macroeconomic factors: The growth of the furniture market in Kazakhstan can be attributed to several underlying macroeconomic factors. The country has experienced steady economic growth in recent years, which has led to an increase in disposable income. This, in turn, has fueled consumer spending on furniture and home decor. Additionally, the country's growing middle class is driving demand for higher-quality and more sophisticated furniture options. In conclusion, the furniture market in Kazakhstan is experiencing growth and development, driven by changing customer preferences, the rise of e-commerce, and underlying macroeconomic factors. As the market continues to evolve, furniture retailers will need to adapt to these trends and cater to the demands of the modern Kazakh consumer.

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.