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 Burkina Faso is experiencing steady growth due to changing customer preferences, emerging trends, and local special circumstances.
Customer preferences: Customers in Burkina Faso are increasingly seeking stylish and modern kitchen and dining furniture that not only serve their functional needs but also enhance the aesthetic appeal of their homes. With rising disposable incomes and a growing middle-class population, consumers are willing to invest in higher quality and more durable furniture pieces. Additionally, there is a growing preference for eco-friendly and sustainable materials, as customers become more conscious of their environmental impact.
Trends in the market: One of the key trends in the Kitchen & Dining Furniture market in Burkina Faso is the shift towards open-concept living spaces. This trend has led to an increased demand for furniture that seamlessly integrates the kitchen and dining areas, such as kitchen islands with built-in dining tables and multi-functional storage solutions. This trend is driven by the desire for more social and interactive spaces, where family and friends can gather and spend quality time together. Another trend in the market is the growing popularity of modular kitchen and dining furniture. Modular furniture offers flexibility and allows customers to customize their spaces according to their specific needs and preferences. This trend is particularly appealing to urban dwellers who have limited space and are looking for compact and efficient furniture solutions.
Local special circumstances: Burkina Faso is experiencing rapid urbanization, with a significant portion of the population moving from rural areas to cities. This urbanization trend has resulted in smaller living spaces, especially in urban centers like Ouagadougou and Bobo-Dioulasso. As a result, there is a growing demand for space-saving furniture that can maximize the use of limited space. Compact dining sets, foldable tables, and stackable chairs are becoming increasingly popular among urban residents.
Underlying macroeconomic factors: The steady economic growth in Burkina Faso, coupled with the government's focus on infrastructure development, has contributed to the growth of the Kitchen & Dining Furniture market. As the country's economy continues to expand, more households are able to afford higher quality furniture and invest in home improvement projects. Additionally, the construction industry is booming, leading to an increased demand for furniture to furnish newly built homes and apartments. In conclusion, the Kitchen & Dining Furniture market in Burkina Faso is driven by changing customer preferences, emerging trends, and local special circumstances. The demand for stylish and modern furniture, the shift towards open-concept living spaces, and the need for space-saving solutions are key factors shaping the market. Furthermore, the country's steady economic growth and infrastructure development are providing a favorable environment for the market to thrive.
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