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  4. Kitchen & Dining Furniture

Dining Tables, Kitchen Islands & Pantries - Worldwide

Worldwide
  • In 2024, the revenue generated in the Dining Tables, Kitchen Islands & Pantries market worldwide amounts to US$69.54bn.
  • According to market projections, this segment is expected to grow annually by 3.62% from 2024 to 2029 (CAGR 2024-2029).
  • When comparing global revenue figures, United States leads the way, generating US$32bn in 2024.
  • This highlights the significant contribution of the US market to the overall revenue in this segment.
  • To put it in perspective, in 2024, per person revenues of US$8.97 are generated globally in this segment.
  • This figure provides insight into the relative economic impact of the Dining Tables, Kitchen Islands & Pantries market on a per capita basis.
  • In the United States, the demand for large, farmhouse-style dining tables has surged as more homeowners embrace rustic interior design.

Definition:

This segment covers furniture which is involved in the dining process and used for the production, transportation, and consumption of food and drink, proving to be essential in everyday activities of a household. This market segment includes various furniture including pantries as well as kitchen carts and dining tables. However, dining chairs, household appliances, cookware, kitchen, and cleaning utensils are excluded.

Additional Information:

The Dining Tables, Kitchen Islands & Pantries subsubsegment consists of revenue and average revenue per capita data. Per capita figures consider the whole population. This subsubsegment 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
  • Baker's racks

Out-Of-Scope

  • Dining chairs
  • Household appliances
  • Cookware, kitchen, and cleaning utensils
  • Kitchen remodels
Furniture

Furniture

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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

Global Comparison

Most recent update: Nov 2024

Source: Statista Market Insights

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.

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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