Kitchen & Dining Furniture - Gabon

In Gabon, the revenue generated by the Kitchen & Dining Furniture market in 2024 amounts to US$2.69m.
It is projected to experience an annual growth rate of 2.97% (CAGR 2024-2029).
When compared globally, United States leads in revenue generation with US$39bn in 2024.
In terms of per capita figures, in 2024, each person in Gabon generates revenues of US$1.08.
Due to the growing demand for modern and functional kitchen and dining furniture in Gabon, local retailers are expanding their product offerings to cater to the evolving tastes and preferences of consumers.

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 Gabon is experiencing steady growth due to changing customer preferences and underlying macroeconomic factors.

Customer preferences: in Gabon are shifting towards modern and stylish kitchen and dining furniture. Consumers are increasingly looking for furniture that not only serves its functional purpose but also adds aesthetic value to their homes. This trend is driven by the rising disposable income and the desire for a more comfortable and visually appealing living environment. As a result, there is a growing demand for sleek and contemporary designs in kitchen and dining furniture. In addition to changing customer preferences, there are several trends in the market that are contributing to its development. One of the key trends is the increasing popularity of open-plan living spaces. Many modern homes in Gabon are designed with open kitchens that seamlessly integrate with the dining area. This has led to a higher demand for kitchen and dining furniture that complements the overall design and creates a cohesive look in the living space. Another trend in the market is the growing awareness of sustainable and eco-friendly furniture options. Consumers in Gabon are becoming more conscious of the environmental impact of their purchasing decisions and are actively seeking furniture made from sustainable materials. This trend is driving the demand for kitchen and dining furniture made from renewable resources such as bamboo or recycled materials. Local special circumstances also play a role in the development of the Kitchen & Dining Furniture market in Gabon. The country has a growing middle class population with increasing purchasing power. This has led to a higher demand for quality furniture that reflects the social status and lifestyle of the consumers. Additionally, Gabon has a rich cultural heritage and a tradition of hospitality. This cultural aspect has influenced the demand for larger dining tables and seating arrangements that can accommodate extended family and guests during social gatherings.

Underlying macroeconomic factors: such as economic growth and urbanization are also driving the development of the Kitchen & Dining Furniture market in Gabon. The country has been experiencing steady economic growth, which has resulted in an increase in disposable income. This has allowed consumers to invest in higher quality and more expensive kitchen and dining furniture. Furthermore, the rapid urbanization in Gabon has led to a rise in the number of households and the construction of new homes, creating a demand for furniture to furnish these properties. In conclusion, the Kitchen & Dining Furniture market in Gabon is growing due to changing customer preferences towards modern and stylish furniture, as well as underlying macroeconomic factors such as economic growth and urbanization. The market is characterized by a demand for sleek designs, sustainable options, and furniture that complements open-plan living spaces. The local cultural heritage and growing middle class population also contribute to the development 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.