Kitchen & Dining Furniture - Finland

In Finland, the revenue generated in the Kitchen & Dining Furniture market in 2024 amounts to US$453.60m.
It is projected that the market will experience an annual growth rate of 0.92% (CAGR 2024-2029).
When compared globally, United States generates the highest revenue in this segment, with US$39bn in 2024.
Taking into consideration the total population figures, the per person revenue generated in Finland in 2024 is US$81.73.
The demand for minimalist and functional kitchen and dining furniture is on the rise in Finland, reflecting the country's design-focused culture.

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 Finland has been experiencing significant growth in recent years, driven by changing customer preferences and favorable macroeconomic factors.

Customer preferences: Finns have a strong appreciation for quality and functional design when it comes to kitchen and dining furniture. They value products that are durable, easy to clean, and aesthetically pleasing. Scandinavian design, known for its simplicity and minimalism, is particularly popular in Finland. Customers also prioritize eco-friendly and sustainable materials, such as solid wood or recycled materials, reflecting a growing concern for the environment.

Trends in the market: One of the key trends in the Kitchen & Dining Furniture market in Finland is the increasing demand for multifunctional furniture. With smaller living spaces becoming more common, customers are seeking furniture that can serve multiple purposes and maximize the use of limited space. For example, dining tables with built-in storage or extendable features are gaining popularity. Another trend is the rise of online shopping for furniture. Finns are increasingly comfortable making large purchases online, and the convenience and wide range of options offered by e-commerce platforms have contributed to the growth of online sales in the Kitchen & Dining Furniture market. However, traditional brick-and-mortar stores still play a significant role, as customers often prefer to see and touch the furniture before making a purchase.

Local special circumstances: Finland's unique geographical location and climate have influenced the market for kitchen and dining furniture. With long winters and limited daylight, Finns tend to spend a significant amount of time indoors, making the kitchen and dining areas important spaces for socializing and gathering. This has led to a higher demand for comfortable and inviting furniture that can accommodate family and friends.

Underlying macroeconomic factors: The strong Finnish economy has contributed to the growth of the Kitchen & Dining Furniture market. Low unemployment rates and rising disposable incomes have increased consumers' purchasing power, enabling them to invest in higher-quality furniture. Additionally, the housing market has been favorable, with many Finns buying or renovating their homes, driving the demand for new furniture. In conclusion, the Kitchen & Dining Furniture market in Finland is growing due to changing customer preferences, including a preference for quality and functional design, as well as the rising demand for multifunctional furniture. The market is also influenced by local special circumstances, such as the importance of kitchen and dining areas in Finnish culture. The strong Finnish economy and favorable housing market are underlying macroeconomic factors driving 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 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.