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:
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.
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: Mar 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
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.
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