Kitchen & Dining Furniture - Australia & Oceania

Australia & Oceania

In Australia & Oceania, the revenue generated in the Kitchen & Dining Furniture market in 2024 amounts to US$2.08bn.
It is projected that this market will experience an annual growth rate of 5.04% (CAGR 2024-2029).
When compared to other countries worldwide, in the United States leads in terms of revenue generation, with US$38,810m in 2024.
Taking into account the total population figures, per person revenues of US$47.87 are generated in 2024.
In Australia, there is a growing trend towards minimalist and sleek kitchen and dining furniture designs.

Key regions: Canada, United Kingdom, Brazil, Germany, India

Market

Region

Region comparison

Currency

Analyst Opinion

The Kitchen & Dining Furniture market in Australia & Oceania is experiencing significant growth and development in recent years. Customer preferences in the region are shifting towards more modern and functional kitchen and dining furniture. Consumers are increasingly looking for furniture that is not only aesthetically pleasing, but also durable and easy to clean. This trend is driven by the growing awareness of the importance of a well-designed and functional kitchen and dining area in the overall home decor. In addition, there is a growing demand for eco-friendly and sustainable kitchen and dining furniture in Australia & Oceania. Consumers are becoming more conscious of the environmental impact of their purchases and are seeking furniture made from sustainable materials such as bamboo or recycled wood. This trend is also influenced by the increasing popularity of organic and natural lifestyle choices in the region. Another trend in the market is the rising popularity of open-plan living spaces. Many homes in Australia & Oceania are now designed with open-plan kitchens and dining areas, which has led to a greater demand for furniture that can seamlessly blend into these spaces. This has resulted in the increased demand for kitchen islands, bar stools, and multifunctional dining tables that can be easily integrated into these open-plan spaces. Local special circumstances in the region also contribute to the development of the Kitchen & Dining Furniture market. Australia & Oceania has a diverse population with a mix of cultures and cuisines. This diversity has led to a demand for kitchen and dining furniture that can cater to different cooking and dining styles. For example, there is a growing demand for asian-inspired kitchen and dining furniture to accommodate the region's love for Asian cuisines. Furthermore, the region's strong tourism industry also plays a role in the development of the market. Many tourists visit Australia & Oceania for its natural beauty and unique cultural experiences. As a result, there is a demand for kitchen and dining furniture that can provide a memorable and authentic dining experience for tourists. This has led to an increased demand for high-quality and locally-made furniture that showcases the region's craftsmanship and cultural heritage. Underlying macroeconomic factors such as population growth, urbanization, and rising disposable incomes also contribute to the growth of the Kitchen & Dining Furniture market in Australia & Oceania. As the population continues to grow and more people move to urban areas, there is an increasing need for functional and stylish kitchen and dining furniture. Additionally, rising disposable incomes allow consumers to invest in higher-quality and more expensive furniture. In conclusion, the Kitchen & Dining Furniture market in Australia & Oceania is developing in response to changing

Customer preferences:

Local special circumstances: and

Underlying macroeconomic factors:. The market is witnessing a shift towards modern and functional furniture, as well as an increasing demand for eco-friendly and sustainable options. The popularity of open-plan living spaces and the region's diverse population and strong tourism industry also contribute to the growth of the market.

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.