Key regions: Canada, United Kingdom, Brazil, Germany, India
The Kitchen & Dining Furniture market in cis has been experiencing steady growth in recent years. Customer preferences for kitchen and dining furniture have been evolving, leading to new trends in the market. Additionally, there are local special circumstances and underlying macroeconomic factors that contribute to the development of the market.
Customer preferences: in the cis region have shifted towards more modern and functional kitchen and dining furniture. Consumers are increasingly looking for furniture that is not only aesthetically pleasing but also practical and space-saving. This has led to a rise in demand for modular kitchen and dining sets that can be easily customized and rearranged to fit different spaces. Additionally, there is a growing interest in eco-friendly and sustainable furniture materials, such as bamboo and reclaimed wood.
Trends in the market: include the increasing popularity of open-concept kitchen and dining areas. This trend is driven by the desire for more social and interactive spaces in the home. As a result, there is a growing demand for kitchen islands and bar stools that can be used for both cooking and dining purposes. Another trend is the integration of smart technology into kitchen and dining furniture. This includes features such as built-in charging stations, touch-screen controls, and voice-activated commands.
Local special circumstances: in the cis region also play a role in the development of the Kitchen & Dining Furniture market. For example, the region has a rich culinary tradition and a strong emphasis on family dining. This cultural context influences customer preferences for larger dining tables and chairs that can accommodate extended family gatherings. Additionally, there is a growing trend of apartment living in urban areas, which has led to an increased demand for space-saving and multifunctional furniture.
Underlying macroeconomic factors: such as rising disposable incomes and urbanization, contribute to the growth of the Kitchen & Dining Furniture market in cis. As people's incomes increase, they are more willing to invest in high-quality and stylish furniture for their homes. Urbanization also plays a role, as more people move to cities and live in smaller spaces, leading to a greater demand for compact and versatile kitchen and dining furniture. In conclusion, the Kitchen & Dining Furniture market in cis is developing in response to changing customer preferences, local special circumstances, and underlying macroeconomic factors. The market is seeing a shift towards modern and functional furniture, with trends such as open-concept kitchen and dining areas and the integration of smart technology. The rich culinary tradition and apartment living in the region also influence customer preferences. Overall, rising incomes and urbanization contribute to the growth of the market.
Data coverage:
Data encompasses B2C enterprises. Figures are based on home furnishings and furniture found in every room of the home. This market is segmented by the room where the furniture is likely to be used and consists of the following: Living Room, Bedroom, Kitchen and Dining room, Bathroom, Outdoor, and Home Office. The Furniture market also includes Lamps and Lighting and Home Decor because the furnishings and accessories within these segments 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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