Kitchen & Dining Furniture - Canada

In Canada, the revenue generated in the Kitchen & Dining Furniture market in 2024 amounts to US$2.05bn.
It is projected that this market will experience an annual growth rate of 4.42% between 2024 and 2029 (CAGR 2024-2029).
When compared to other countries worldwide, United States leads in terms of revenue generated in this segment, with US$39bn in 2024.
Taking into account the total population figures, the per person revenue generated in Canada in 2024 is US$52.39.
"Canada's market for kitchen and dining furniture is currently driven by a growing preference for sleek, modern designs."

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 Canada has been experiencing steady growth in recent years, driven by changing customer preferences, emerging trends in the market, local special circumstances, and underlying macroeconomic factors.

Customer preferences: in the Kitchen & Dining Furniture market in Canada have been shifting towards more modern and contemporary designs. Customers are looking for furniture pieces that are not only functional but also aesthetically pleasing. This has led to an increased demand for sleek and minimalist designs, with a focus on clean lines and neutral colors. Additionally, customers are increasingly seeking out furniture made from sustainable and eco-friendly materials, reflecting a growing concern for the environment.

Trends in the market: have also played a significant role in the development of the Kitchen & Dining Furniture market in Canada. One notable trend is the rise of open-concept living spaces, where the kitchen, dining area, and living room are seamlessly integrated. This has led to a demand for multi-functional furniture pieces that can serve multiple purposes, such as dining tables that can also be used as workspaces or storage solutions. Another trend is the increasing popularity of smart home technology, with customers looking for furniture that can be integrated with their smart devices for added convenience and control.

Local special circumstances: have also contributed to the growth of the Kitchen & Dining Furniture market in Canada. The country's multicultural population has led to a diverse range of dining preferences and traditions, creating a demand for furniture that can accommodate different dining styles. For example, there is a demand for larger dining tables to accommodate large family gatherings during holidays and special occasions. Additionally, canada's cold climate has led to a preference for furniture that is durable and can withstand harsh weather conditions.

Underlying macroeconomic factors: have also played a role in the development of the Kitchen & Dining Furniture market in Canada. The country's strong economy and high disposable income levels have allowed consumers to invest in higher-quality furniture pieces. Additionally, low interest rates have made it easier for consumers to finance their purchases, leading to increased spending on furniture. Overall, the Kitchen & Dining Furniture market in Canada is experiencing growth due to changing customer preferences, emerging trends, local special circumstances, and underlying macroeconomic factors. As customers continue to prioritize modern designs, multi-functionality, and sustainability, the market is expected to continue to evolve and expand 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.