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Kitchen & Dining Furniture - Central Asia

Central Asia
  • In Central Asia, the revenue generated in the Kitchen & Dining Furniture market in 2024 amounts to US$77.31m.
  • It is projected to experience an annual growth rate of -0.57% (CAGR 2024-2029).
  • When compared globally, United States leads the market, generating US$39bn in revenue in 2024.
  • In terms of per capita figures, each person in Central Asia generates US$0.98 in revenue in 2024.
  • In Central Asia, the market for kitchen & dining furniture is experiencing a surge in demand driven by the increasing urbanization and modernization of households.

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.

In-Scope

  • Dining tables
  • Kitchen islands and carts
  • Food pantries
  • Kitchenware

Out-Of-Scope

  • Household appliances
  • Cookware, kitchen, and cleaning utensils
  • Kitchen remodels
Kitchen & Dining Furniture: market data & analysis - Cover

Market Insights report

Kitchen & Dining Furniture: market data & analysis

Study Details

    Revenue

    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

    Key Players

    Most recent update: Mar 2024

    Source: Statista Company Insights

    Sales Channels

    Most recent update: Oct 2024

    Source: Statista Market Insights

    Global Comparison

    Most recent update: Nov 2024

    Source: Statista Market Insights

    Analyst Opinion

    The Kitchen & Dining Furniture market in Central Asia has been experiencing steady growth in recent years. Customer preferences in the region have shifted towards more modern and functional designs, driving the demand for new and innovative products. Additionally, local special circumstances and underlying macroeconomic factors have contributed to the development of the market.

    Customer preferences:
    in Central Asia have evolved to prioritize convenience and efficiency in kitchen and dining furniture. With the increasing urbanization and busy lifestyles in the region, consumers are looking for furniture that is easy to clean, durable, and space-saving. This has led to a rise in demand for compact dining sets, modular kitchen cabinets, and multifunctional furniture that can serve multiple purposes. Trends in the Kitchen & Dining Furniture market in Central Asia have also been influenced by global and regional market developments. The growing popularity of open-concept living spaces and the rise of smart home technology have impacted the design and functionality of kitchen and dining furniture. Consumers in Central Asia are increasingly seeking furniture that seamlessly integrates with their overall home decor and offers smart features such as built-in appliances and wireless charging capabilities.

    Local special circumstances:
    in Central Asia, such as cultural and lifestyle factors, have also played a role in shaping the market. Traditional dining customs and social gatherings are important aspects of the Central Asian culture, leading to a demand for larger dining tables and chairs that can accommodate extended families and guests. Furthermore, the region's rich history and diverse cultural influences have resulted in a variety of design styles and materials being used in kitchen and dining furniture, catering to different tastes and preferences.

    Underlying macroeconomic factors:
    have further contributed to the development of the Kitchen & Dining Furniture market in Central Asia. Economic growth and rising disposable incomes have increased consumer purchasing power, allowing individuals to invest in higher quality and more expensive furniture. Additionally, the expansion of the real estate sector and the growth of the hospitality industry have created a demand for kitchen and dining furniture in residential and commercial spaces. In conclusion, the Kitchen & Dining Furniture market in Central Asia is experiencing growth due to evolving customer preferences, global and regional market trends, local special circumstances, and underlying macroeconomic factors. As consumers in the region prioritize convenience, functionality, and modern design, manufacturers and retailers are adapting their offerings to meet these demands. With the continued economic development and cultural influences in Central Asia, the market is expected to continue its positive trajectory in the coming years.

    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 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.

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    Key Market Indicators

    Notes: Based on data from IMF, World Bank, UN and Eurostat

    Most recent update: Sep 2024

    Source: Statista Market Insights

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