Kitchen & Dining Furniture - Argentina

In Argentina, the revenue generated in the Kitchen & Dining Furniture market amounts to US$331.30m in 2024.
It is projected that the market will experience an annual growth rate of -0.13% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, with US$39bn in 2024.
Taking into account the total population figures, per person revenues of US$7.19 are generated in 2024.
Despite economic challenges, Argentina's demand for high-quality, locally-made kitchen and dining furniture remains steady as consumers prioritize supporting domestic industries.

Definition:

The Kitchen & Dining Furniture segment covers diferent movable objects designed for kitchen and dining rooms. These objects mainly meet people’s needs for eating, preparing food, or food storage and includes dining tables, baker’s racks, kitchen islands/carts, pantry storage, and various types of kitchenware. Items not considered include household appliances such as refrigerators, stoves, small kitchen appliances, and sinks and faucets.

Structure:

The Kitchen & Dining Furniture segment is divided into two subsegments:

The Dining Tables, Kitchen Islands & Pantries subsegment includes furniture pieces designed to enhance the functionality and aesthetics of kitchen and dining spaces. These products range from traditional dining tables to kitchen islands and pantry storage units, providing both practical and decorative value to the kitchen and/or dining spaces.
The Kitchenware subsegment refers to items which aid in the preparation and the serving of food. Products in this subsegment include cookware such as pots and pans, tableware such as cutlery and glassware, and other items that are essential for the preparation and serving of food.

Additional Information:

The Kitchen & Dining Furniture segment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This segment 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.

Dining tables
Kitchen islands and carts
Food pantries
Kitchenware

Household appliances
Cookware, kitchen, and cleaning utensils
Kitchen remodels

The Kitchen & Dining Furniture market in Argentina is experiencing significant growth and development. Customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors all contribute to this positive trajectory.

Customer preferences: in Argentina are driving the demand for Kitchen & Dining Furniture. As the economy grows and disposable incomes increase, consumers are placing more importance on the aesthetics and functionality of their homes. This includes investing in high-quality and stylish furniture for their kitchens and dining areas. Additionally, there is a growing trend towards open-concept living spaces, which has led to a greater emphasis on the design and layout of kitchen and dining areas. As a result, consumers are seeking out furniture that not only meets their practical needs but also enhances the overall look and feel of their homes.

Trends in the market: further support the growth of the Kitchen & Dining Furniture sector in Argentina. With the rise of social media and home improvement shows, there is a greater awareness and appreciation for interior design. This has led to an increased demand for modern and contemporary furniture styles that align with current design trends. Additionally, there is a growing interest in sustainable and eco-friendly products, prompting consumers to seek out furniture made from environmentally friendly materials. These trends are driving innovation in the market, with manufacturers and retailers introducing new products and designs to cater to the changing tastes and preferences of consumers.

Local special circumstances: also contribute to the development of the Kitchen & Dining Furniture market in Argentina. The country has a strong culinary culture, with a focus on food and dining experiences. This cultural emphasis on food and entertaining has created a demand for furniture that can accommodate large gatherings and facilitate social interactions. As a result, consumers are investing in dining sets and kitchen islands that can accommodate multiple guests and provide a comfortable and inviting atmosphere. Additionally, the country's strong agricultural sector and the availability of high-quality local produce have further fueled the interest in home cooking and dining, driving the demand for kitchen furniture.

Underlying macroeconomic factors: play a crucial role in the growth of the Kitchen & Dining Furniture market in Argentina. The country has experienced steady economic growth in recent years, leading to an increase in disposable incomes. This has allowed consumers to allocate more of their budget towards home furnishings, including kitchen and dining furniture. Additionally, low interest rates and favorable financing options have made it easier for consumers to make larger purchases, further stimulating demand in the market. The government's focus on promoting domestic manufacturing and supporting local industries has also contributed to the growth of the Kitchen & Dining Furniture sector, as it has created a favorable business environment for manufacturers and retailers. In conclusion, the Kitchen & Dining Furniture market in Argentina is experiencing growth and development due to customer preferences, market trends, local special circumstances, and underlying macroeconomic factors. As consumers prioritize the aesthetics and functionality of their homes, the demand for high-quality and stylish kitchen and dining furniture is on the rise. With a focus on modern and contemporary designs, sustainable materials, and furniture that facilitates social interactions, manufacturers and retailers are catering to the changing tastes and preferences of consumers. The country's strong culinary culture, steady economic growth, and favorable business environment further support the positive trajectory of the market.

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.

This report presents a comprehensive analysis and additional information on the Consumer market, in a PDF format.

From homeware to office furniture, even expanding over to pet care, the furniture industry is all-encompassing and ever-growing. Be it homes, schools, offices, or even outdoors, furniture is what gives a room its function and purpose.