Key regions: Canada, United Kingdom, Brazil, Germany, India
The Kitchen & Dining Furniture market in Germany is experiencing steady growth due to a combination of customer preferences, market trends, local special circumstances, and underlying macroeconomic factors.
Customer preferences: in Germany are driving the demand for high-quality, durable, and functional kitchen and dining furniture. German consumers value products that are built to last and offer practical features to enhance their dining experience. They also prioritize eco-friendly and sustainable options, which has led to an increased demand for furniture made from renewable materials. In terms of market trends, there is a growing popularity of open-concept kitchen and dining areas in Germany. This trend has resulted in a higher demand for furniture that seamlessly integrates with the overall design of the living space. Modular and customizable furniture options are also gaining traction as they allow consumers to personalize their kitchen and dining areas according to their specific needs and preferences.
Local special circumstances: in Germany, such as the country's strong economy and high disposable income levels, have contributed to the growth of the Kitchen & Dining Furniture market. The German economy has been performing well in recent years, leading to increased consumer confidence and willingness to spend on home furnishings. Additionally, the country has a culture of entertaining guests at home, which further drives the demand for stylish and functional kitchen and dining furniture.
Underlying macroeconomic factors: such as population growth and urbanization, are also fueling the growth of the Kitchen & Dining Furniture market in Germany. As the population continues to grow and more people move to urban areas, there is a higher demand for housing, including apartments and smaller living spaces. This has created a need for compact and space-saving furniture solutions, which are particularly relevant in the kitchen and dining areas. In conclusion, the Kitchen & Dining Furniture market in Germany is experiencing growth due to customer preferences for high-quality, durable, and functional furniture, as well as the popularity of open-concept living spaces and the country's strong economy. The market is also influenced by local special circumstances, such as the German culture of entertaining at home, and underlying macroeconomic factors, including population growth and urbanization.
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.
Mon - Fri, 9am - 6pm (EST)
Mon - Fri, 9am - 5pm (SGT)
Mon - Fri, 10:00am - 6:00pm (JST)
Mon - Fri, 9:30am - 5pm (GMT)
Mon - Fri, 9am - 6pm (EST)
