Kitchen & Dining Furniture - Greece

In Greece, the revenue generated in the Kitchen & Dining Furniture market in 2024 amounts to US$98.10m.
The market is projected to experience an annual growth rate of 2.15% (CAGR 2024-2029).
When compared on a global scale, United States generates the highest revenue in this segment, reaching US$39bn in 2024.
Taking into account the total population figures, the per person revenue in Greece for 2024 is US$9.52.
Greek consumers are increasingly opting for minimalist and functional kitchen & dining furniture designs to complement their Mediterranean-inspired homes.

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 Greece has experienced significant growth in recent years, driven by changing customer preferences, emerging trends in the market, and local special circumstances.

Customer preferences: in Greece have shifted towards more modern and minimalist designs in kitchen and dining furniture. Consumers are increasingly looking for furniture that is functional, stylish, and space-saving. This trend is in line with global market preferences, as consumers seek to create a contemporary and streamlined look in their homes.

Trends in the market: also play a significant role in the development of the Kitchen & Dining Furniture market in Greece. One notable trend is the increasing popularity of open-plan living spaces, where the kitchen and dining areas are integrated into a single space. This trend has created a demand for furniture that seamlessly blends with the overall design aesthetic of the living area. Additionally, there is a growing interest in eco-friendly and sustainable materials, as consumers become more conscious of their environmental impact.

Local special circumstances: in Greece have also contributed to the growth of the Kitchen & Dining Furniture market. The tourism industry is a significant driver of the Greek economy, attracting millions of visitors each year. This has led to an increase in demand for high-quality kitchen and dining furniture in hotels, restaurants, and vacation rentals. Additionally, the Greek culture places a strong emphasis on family and communal dining, creating a demand for larger dining tables and seating options. Underlying macroeconomic factors have also played a role in the development of the Kitchen & Dining Furniture market in Greece. The country has experienced economic recovery in recent years, following a period of financial crisis. This has resulted in increased consumer confidence and disposable income, leading to higher spending on home furnishings. Furthermore, the growth of e-commerce has made it easier for consumers to access a wide range of kitchen and dining furniture options, contributing to market growth. Overall, the Kitchen & Dining Furniture market in Greece is developing in response to changing customer preferences, emerging trends, local special circumstances, and

Underlying macroeconomic factors:. As consumers seek modern and minimalist designs, furniture that integrates seamlessly into open-plan living spaces, and eco-friendly materials, the market is expected to continue its growth trajectory. Additionally, the strong emphasis on family and communal dining, along with the recovery of the Greek economy and the rise of e-commerce, will further contribute to market expansion.

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.