Kitchen & Dining Furniture - Brunei Darussalam

In 2024, the revenue in the Kitchen & Dining Furniture market in Brunei Darussalam amounts to US$2.91m.
It is projected that this market will experience an annual growth rate of 1.08% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, amounting to US$39bn in 2024.
Taking into account the total population figures, per person revenues of US$6.39 are generated in 2024.
Brunei Darussalam is witnessing a surge in demand for eco-friendly and sustainable kitchen and dining furniture.

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 Brunei Darussalam is experiencing steady growth due to changing customer preferences and local special circumstances.

Customer preferences: in Brunei Darussalam are shifting towards modern and functional kitchen and dining furniture. Customers are increasingly looking for furniture that is not only aesthetically pleasing but also durable and easy to maintain. This trend is driven by the desire for convenience and efficiency in the kitchen and dining areas, as well as the influence of global design trends. As a result, there is a growing demand for sleek and minimalist designs that maximize space and provide ample storage options. Additionally, customers are seeking furniture made from sustainable materials, reflecting a growing awareness of environmental issues. In line with global trends, the Kitchen & Dining Furniture market in Brunei Darussalam is also witnessing an increase in online sales. Customers are increasingly turning to e-commerce platforms to purchase furniture, as it offers convenience, a wide range of options, and competitive prices. Online retailers are capitalizing on this trend by offering user-friendly websites, secure payment options, and efficient delivery services. However, traditional brick-and-mortar stores still play a significant role in the market, particularly for customers who prefer to physically examine and test furniture before making a purchase.

Local special circumstances: in Brunei Darussalam are influencing the development of the Kitchen & Dining Furniture market. The country's small population and limited land area have led to a focus on compact and multifunctional furniture solutions. Manufacturers and retailers are designing and promoting furniture that is specifically tailored to the needs of small living spaces, such as apartments and condominiums. This includes innovative storage solutions, foldable furniture, and modular designs that can be easily customized to suit individual preferences and space constraints. Underlying macroeconomic factors also contribute to the growth of the Kitchen & Dining Furniture market in Brunei Darussalam. The country's strong economy and high disposable income levels have increased consumer spending power, allowing individuals to invest in high-quality furniture. Additionally, the government's focus on promoting domestic manufacturing and supporting local businesses has created opportunities for local furniture manufacturers and retailers to thrive. This has led to a diverse range of products in the market, catering to different customer preferences and budgets. In conclusion, the Kitchen & Dining Furniture market in Brunei Darussalam is developing in response to changing customer preferences, the influence of global design trends, the rise of online sales, local special circumstances, and

Underlying macroeconomic factors:. As customers in Brunei Darussalam increasingly prioritize functionality, modern designs, and sustainability, manufacturers and retailers are adapting their offerings to meet these demands. With continued economic growth and government support, the market is expected to continue expanding in the coming years.

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.