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:
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.
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: Oct 2024
Source: Statista Market Insights
Most recent update: Nov 2024
Source: Statista Market Insights
The Kitchen & Dining Furniture market in Bahrain has been experiencing significant growth in recent years, driven by changing customer preferences and favorable local circumstances.
Customer preferences: Customers in Bahrain have shown a growing preference for modern and stylish kitchen and dining furniture. They are increasingly looking for furniture pieces that not only serve their functional needs but also enhance the overall aesthetics of their homes. This shift in preference has led to an increased demand for sleek and contemporary designs, with clean lines and minimalistic features. Additionally, customers are also seeking furniture that is durable and easy to maintain, as they prioritize convenience in their busy lives.
Trends in the market: One of the key trends in the Kitchen & Dining Furniture market in Bahrain is the rising popularity of open-concept living spaces. Many homeowners are opting for open-plan kitchens and dining areas, which require furniture that seamlessly integrates with the overall design. This has led to a demand for multifunctional furniture pieces that can be easily adapted to different settings and layouts. For example, dining tables with extendable features or modular kitchen cabinets that can be customized to fit the available space. Another trend in the market is the increasing use of eco-friendly materials in kitchen and dining furniture. Customers in Bahrain are becoming more conscious of their environmental impact and are actively seeking sustainable options. As a result, there is a growing demand for furniture made from recycled or renewable materials, such as bamboo or reclaimed wood. Manufacturers are responding to this trend by offering a wider range of eco-friendly options, which further drives the market growth.
Local special circumstances: The Kitchen & Dining Furniture market in Bahrain is also influenced by local cultural and social factors. Bahrain is known for its rich culinary traditions and the importance placed on family gatherings and hospitality. This cultural emphasis on food and socializing has a direct impact on the demand for kitchen and dining furniture. Customers in Bahrain are willing to invest in high-quality furniture that can accommodate large family gatherings and create a warm and inviting atmosphere. Furthermore, the government's focus on developing the tourism sector in Bahrain has also contributed to the growth of the Kitchen & Dining Furniture market. As more tourists visit the country, there is an increased demand for furnished accommodations and dining establishments. This has created opportunities for both residential and commercial furniture suppliers, as they cater to the needs of the growing hospitality industry.
Underlying macroeconomic factors: The growth of the Kitchen & Dining Furniture market in Bahrain is also supported by favorable macroeconomic factors. The country has a stable economy and a high standard of living, which allows consumers to invest in home furnishings. Additionally, Bahrain has a growing population, with a significant proportion of young professionals who are starting families or moving into new homes. This demographic trend further drives the demand for kitchen and dining furniture. In conclusion, the Kitchen & Dining Furniture market in Bahrain is experiencing growth due to changing customer preferences towards modern and stylish designs, the rising popularity of open-concept living spaces, and the increasing demand for eco-friendly options. Local cultural and social factors, such as the importance of food and hospitality, also contribute to the market growth. Furthermore, favorable macroeconomic factors, including a stable economy and a growing population, support the expansion of the market in Bahrain.
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