Kitchen & Dining Furniture - China

In China, the revenue in the Kitchen & Dining Furniture market in 2024 is estimated to be US$5.09bn.
It is projected to experience an annual growth rate of 7.66% (CAGR 2024-2029).
When comparing globally, United States generates the highest revenue with US$39bn in 2024.
In terms of per capita revenue, in 2024, each person in China contributes US$3.55.
China's demand for stylish and space-saving kitchen and dining furniture is on the rise, as urbanization and smaller living spaces drive the need for functional yet aesthetically pleasing 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 China is experiencing significant growth and development due to several key factors.

Customer preferences: Chinese consumers have shown a growing interest in kitchen and dining furniture, driven by changing lifestyles and increasing disposable incomes. As more people move into urban areas and live in smaller apartments, there is a greater need for compact and functional furniture that can maximize space. Additionally, the rising popularity of home cooking and entertaining has led to a higher demand for stylish and modern kitchen and dining furniture that can create a welcoming and comfortable environment for family and friends.

Trends in the market: One major trend in the Chinese Kitchen & Dining Furniture market is the growing demand for smart and technologically advanced products. Chinese consumers are increasingly looking for furniture that integrates smart features such as built-in appliances, wireless charging capabilities, and voice control systems. This trend is driven by the rapid adoption of smart home technology in China, as well as the desire for convenience and efficiency in daily life. Another trend in the market is the increasing focus on sustainability and eco-friendly materials. Chinese consumers are becoming more conscious of the environmental impact of their purchases and are seeking furniture made from renewable resources and recycled materials. This trend is also influenced by government initiatives to promote sustainable development and reduce carbon emissions.

Local special circumstances: China has a rich culinary tradition and food culture, which has a significant influence on the Kitchen & Dining Furniture market. Chinese consumers value furniture that reflects their cultural heritage and traditions, such as dining tables with round shapes that symbolize unity and harmony. Additionally, there is a preference for furniture with intricate designs and decorative elements that showcase craftsmanship and attention to detail.

Underlying macroeconomic factors: The rapid urbanization and economic growth in China have contributed to the development of the Kitchen & Dining Furniture market. As more people move into cities and experience an increase in disposable incomes, there is a greater demand for home furnishings and appliances. The growing middle class in China has also led to a rise in consumer spending on lifestyle products, including kitchen and dining furniture. Furthermore, government policies and initiatives have played a role in the development of the market. The Chinese government has implemented measures to stimulate domestic consumption and encourage the growth of the domestic furniture industry. These policies include subsidies for furniture manufacturers, tax incentives for consumers, and the promotion of domestic brands. In conclusion, the Kitchen & Dining Furniture market in China is experiencing growth and development due to changing customer preferences, including a demand for smart and sustainable products. Local cultural influences and underlying macroeconomic factors, such as urbanization and government policies, also contribute to the market's growth.

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.