Market Insights Consumer Furniture Kitchen & Dining Furniture

Dining Tables, Kitchen Islands & Pantries - Dominican Republic

Dominican Republic

In the year 2024, the Dominican Republic's revenue in the Dining Tables, Kitchen Islands & Pantries market stands at US$48.05m.
It is projected that this market will experience an annual growth rate of -1.53%, as calculated by the Compound Annual Growth Rate (CAGR) from 2024 to 2029.
When compared globally, in the United States leads the way in revenue generation, reaching a staggering US$32,360m in 2024.
Taking into account the total population figures, it can be observed that per person revenues amount to US$4.20 in the same year.
The demand for high-quality, handcrafted dining tables, kitchen islands, and pantries is growing rapidly in the Dominican Republic, as consumers seek to enhance their homes with stylish and functional furniture pieces.

Key regions: Brazil, China, Canada, Denmark, Germany

Market

Region

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Currency

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 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.