Kitchen & Dining Furniture - Chile

In Chile, the revenue generated in the Kitchen & Dining Furniture market in 2024 amounts to US$362.50m.
It is projected that the market will experience an annual growth rate of 6.35% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, reaching US$39bn in 2024.
In terms of per capita revenue, in 2024, each person in Chile generates US$18.44.
Chilean consumers are increasingly opting for modern and minimalist kitchen and dining furniture designs to complement their contemporary homes.

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 Chile has been experiencing steady growth in recent years.

Customer preferences: Chilean consumers have shown a growing interest in kitchen and dining furniture that combines both functionality and aesthetics. They are increasingly looking for furniture pieces that not only serve their practical needs but also add style and elegance to their homes. As a result, there has been a rise in demand for modern and contemporary designs that offer sleek lines, clean finishes, and innovative features. Additionally, consumers are also seeking furniture that is durable and easy to maintain, as they value long-lasting and high-quality products.

Trends in the market: One noticeable trend in the Kitchen & Dining Furniture market in Chile is the increasing popularity of open-plan living spaces. Many homeowners are opting for open-plan kitchens and dining areas, which has led to a greater demand for furniture that seamlessly integrates with the overall design of the space. This has created opportunities for furniture manufacturers to develop versatile and multifunctional pieces that can adapt to different layouts and configurations. Another trend in the market is the growing emphasis on sustainability and eco-friendly materials. Chilean consumers are becoming more conscious of the environmental impact of their purchases and are actively seeking furniture made from sustainable materials, such as reclaimed wood or recycled materials. This trend is driven by a desire to reduce waste and promote responsible consumption practices.

Local special circumstances: Chilean consumers have a strong preference for locally made products, which has created a thriving market for domestic furniture manufacturers. This preference is driven by a desire to support local businesses and promote national craftsmanship. As a result, many furniture companies in Chile have been able to thrive by offering high-quality, locally made products that cater to the specific tastes and preferences of the Chilean market.

Underlying macroeconomic factors: The steady growth of the Kitchen & Dining Furniture market in Chile can be attributed to several underlying macroeconomic factors. Firstly, the country has experienced stable economic growth in recent years, which has increased the purchasing power of consumers and allowed them to invest in home furnishings. Additionally, the growing middle class in Chile has contributed to the expansion of the market, as more households have the means to afford kitchen and dining furniture. Furthermore, the increasing urbanization in Chile has led to a rise in demand for furniture, as more people move into urban areas and set up new homes. This trend is expected to continue in the coming years, further driving the growth of the Kitchen & Dining Furniture market. In conclusion, the Kitchen & Dining Furniture market in Chile is experiencing steady growth due to customer preferences for functional and aesthetically pleasing furniture, trends towards open-plan living spaces and sustainability, local special circumstances favoring domestic manufacturers, and underlying macroeconomic factors such as stable economic growth and urbanization.

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.